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31/12/2020

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

(in the Solvency II Firms Sector of the PRA Rulebook) means the relationship between a parent undertaking and a subsidiary undertaking where that relationship falls within (1) to (6) of the definition of parent undertaking, or a similar relationship between any person and an undertaking.

[Note: Art. 13(18) of the Solvency II Directive]

 Instruments