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600

Statutory Funds

LPS
600
Prudential Standards (1)
In Force
In effect from 1 January 2013
This Prudential Standard sets out requirements for the operations of statutory funds and any restructure of statutory funds, so that they are fair and equitable for policy owners. The ultimate responsibility for the operations of a life company's statutory funds and for following the required procedures in the event of restructuring a life company's statutory funds rests with the life company.