Glossary

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PRA senior management function > third country branch undertaking
Term Definition Legal instruments

third country insurance undertaking

12/10/2016

means an undertaking that has its head office outside the EEA and that would require authorisation as an insurance undertaking in accordance with Article 14 of the Solvency II Directive if its head office was situated in the EEA.

Additional Notes

[Note: Art. 13(3) of the Solvency II Directive]