8

Investments

8.1

A third country branch undertaking must fulfil the requirements laid down in the Investments Part of the PRA Rulebook, as modified by 8.2 to 8.4.

8.2

A reference to “technical provisions” is to be interpreted as laid down in 7.2(3).

8.3

A third country branch undertaking (except a UK-deposit insurer) must fulfil the requirements in the Investments Part of the PRA Rulebook taking account only of the operations effected by the third country branch.

8.4

A UK-deposit insurer must fulfil the requirements in the Investments Part of the PRA Rulebook taking account only of the operations effected by the third country branch and all the third country undertaking EEA branches.

[Note: Art. 162(2) of the Solvency II Directive]