Glossary
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non-directive insurer > third country branch undertaking| Term | Definition | Legal instruments |
|---|---|---|
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third country insurance undertaking 31/12/2020 |
The changes to this defined term are effective from 23:00 on 31/12/2020. means an undertaking that has its head office outside the UK and that would require authorisation as an insurance undertaking in accordance with provisions implementing Article 14 of the Solvency II Directive if its head office was situated in the UK. Additional Notes[Note: Art. 13(3) of the Solvency II Directive] |
Instruments |