Part

Own Funds

Chapter

Application and Definition

Printed on: 15/09/2024

Rulebook at: 31/12/2023

1

Application and Definition

1.1

Unless otherwise stated, this Part applies to:

  1. (1) a UK Solvency II firm; and
  2. (2) in accordance with Insurance General Application 3, the Society.
  • 01/01/2016

1.2

In this Part, the following definition shall apply:

delegated act

means Commission Delegated Regulation (EU) 2015/35 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II), as it has effect as retained direct EU legislation as at 31 December 2023.

  • 31/12/2023