Part

Third Country Branches

Chapter

Third Country Branch Undertakings in Difficulty

Printed on: 01/05/2024

Rulebook at: 03/01/2021

10

Third Country Branch Undertakings in Difficulty

10.1

A third country branch undertaking must fulfil the requirements laid down in Undertakings in Difficulty 2 to 5 as modified by 10.2.

  • 31/12/2020

10.2

  1. (1) A reference to “SCR” is to be interpreted as a reference to the branch SCR.
  2. (2) A reference to “MCR” is to be interpreted as a reference to the branch MCR.
  3. (3) A reference to “technical provisions” is to be interpreted as a reference to the branch technical provisions.

[Note: Art. 168 of the Solvency II Directive]

  • 31/12/2020