15

Solvency II Regulations

15.1

A third country branch undertaking that has a third country pure reinsurance branch must comply with the Solvency II Regulations as at 1 January 2016 in the same way as they apply to a third country branch undertaking that has a third country insurance branch.

15.2

In complying with requirements imposed on it in the Solvency II Firms Sector of the PRA Rulebook, a third country branch undertakingmust ensure that any provisions of the Solvency II Regulations relevant to the third country branch is applied in order to achieve the same effect as that provision of the Solvency II Regulations would have (that is, complying with the requirements of the relevant provision) when applied to a UK Solvency II firm.