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Term Definition Legal instruments



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 a group of undertakings that:

(1) consists of a participating undertaking, its subsidiary undertakings and the undertakings in which it holds a participation, as well as undertakings linked to each other by a common management relationship; or

(2) consists of a mutual-type group.

Additional Notes

[Note: Art. 212(1)(c) of the Solvency II Directive]