10
Third Country Branch Undertakings in Difficulty
10.1
A third country branch undertaking (except an EEA-deposit insurer) must fulfil the requirements laid down in Undertakings in Difficulty 2 to 5 as modified by 10.2.
- 01/01/2016
10.2
- (1) A reference to “SCR” is to be interpreted as a reference to the branch SCR or, for a UK-deposit insurer, to the EEA SCR.
- (2) A reference to “MCR” is to be interpreted as a reference to the branch MCR or, for a UK-deposit insurer, to the EEA MCR.
- (3) A reference to “technical provisions” is to be interpreted as a reference to the branch technical provisions or, for a UK- deposit insurer, to the EEA technical provisions.
[Note: Art. 168 of the Solvency II Directive]
- 01/01/2016