Glossary
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| Term | Definition | Legal instruments |
|---|---|---|
|
insurance holding company 31/12/2020 |
The changes to this defined term are effective from 23:00 on 31/12/2020. means a parent undertaking, other than a UK Solvency II firm and a mixed financial holding company, the main business of which is to acquire and hold participations in subsidiary undertakings and which fulfils the following conditions: (1) its subsidiary undertakings are either exclusively or mainly UK Solvency II firms, third country insurance undertakings or third country reinsurance undertakings; and (2) at least one of those subsidiary undertakings is a UK Solvency II firm. Additional Notes[Note: Art. 212(1)(f) of the Solvency II Directive] |
Instruments |