In this Part, except where the context otherwise requires -

"biometric risks" means risks linked to death, disability and longevity;

"regulatory own funds certification date" shall be construed in accordance with subsection (2) of section 53J;

"regulatory own funds notification date" shall be construed in accordance with subsection (2) of section 53K;

"regulatory own funds proposal" has the meaning assigned to it by section 53L;

"regulatory own funds requirement" means the requirement to hold additional resources under section 53H, and references in this Part to "satisfying" the regulatory own funds requirement mean that the regulatory own funds scheme or the regulatory own funds trust RAC holds sufficient additional resources to at least satisfy that requirement;