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Non-Solvency II Firms – Governance Application and Definition

Application provision

1.1 Unless otherwise stated, this Part applies to:

  1. (1) a non-directive insurer; and
  2. (2) subject to 1.2, a Swiss general insurer.

1.1

01/01/2016

Unless otherwise stated, this Part applies to:

  1. (1) a non-directive insurer; and
  2. (2) subject to 1.2, a Swiss general insurer.

1.2

07/03/2016

Only Chapters 3 and 5 to 10 apply to a Swiss general insurer and only in respect of the activities of the firm carried on from a branch in the UK.

1.3

01/01/2016

In this Part, the following definition shall apply:

registered branch

means a branch of a registered friendly society which is separately registered within the meaning of the Friendly Societies Act 1974.