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Application provision

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

10.1

31/12/2020

The changes to this rule are effective from 23:00 on 31/12/2020.

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

10.2

31/12/2020

The changes to this rule are effective from 23:00 on 31/12/2020.

  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.

Additional Notes


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