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prescribed responsibility

10/12/2018

THIS DEFINITION ONLY APPLIES TO THE LARGE NON-SOLVENCY II FIRMS – ALLOCATION OF RESPONSIBILITIES PART

(1) for a firm (other than a Swiss general insurer) means the responsibilities in 3.1 and 3.2;  

(2) for a Swiss general insurer means the responsibilities set out in 3.1 to the extent only that they are relevant to the activities of the firm carried on from a branch in the UK