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Term Definition Legal instruments

third country branch prescribed responsibility

10/12/2018

THIS DEFINITION ONLY APPLIES TO THE INSURANCE - ALLOCATION OF RESPONSIBILITIES PART

(1) for a third country branch undertaking (other than a UK-deposit insurer) means the responsibilities set out in 3A.2 to the extent only that they are relevant to the operations effected by its third country branch); and

(2) for a UK-deposit insurer means the responsibilities set out in 3A.2 to the extent only that they are relevant to the operations effected by its third country branch and all its third country undertaking EEA branches