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Financial Conglomerates Third Country Financial Conglomerates

Application provision

6.1 This Chapter applies to a firm that is a member of a third country financial conglomerate except:

  1. (1) an incoming EEA firm; or
  2. (2) an incoming Treaty firm; or
  3. (3) an insurer that is not a UK Solvency II firm.

6.1

01/01/2016

This Chapter applies to a firm that is a member of a third country financial conglomerate except:

  1. (1) an incoming EEA firm; or
  2. (2) an incoming Treaty firm; or
  3. (3) an insurer that is not a UK Solvency II firm.

6.2

01/01/2016

If a firm is subject to a requirement obliging it to comply with this rule with respect to a third country financial conglomerate of which it is a member, it must comply, with respect to that third country financial conglomerate, with the rules in Part 1 of Annex 3, as adjusted by Part 3 of that Annex.


[Note: Art 18 of the Financial Groups Directive]