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PRA senior management function > third country insurance services provider
Term Definition Legal instruments

third country insurance undertaking


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]