Third Country Branches Third Country Branch Undertakings in Difficulty

Application provision

1.1 Unless otherwise stated, this Part applies to third country branch undertakings, except Swiss general insurers.

10.1

01/01/2016

A third country branch undertaking (except an EEA-deposit insurer) must fulfil the requirements laid down in Undertakings in Difficulty 2 to 5 as modified by 10.2.

10.2

01/01/2016

  1. (1) A reference to “SCR” is to be interpreted as a reference to the branch SCR or, for a UK-deposit insurer, to the EEA SCR.
  2. (2) A reference to “MCR” is to be interpreted as a reference to the branch MCR or, for a UK-deposit insurer, to the EEA MCR.
  3. (3) A reference to “technical provisions” is to be interpreted as a reference to the branch technical provisions or, for a UK- deposit insurer, to the EEA technical provisions.

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