Glossary

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conduct standards > third country branch
Term Definition Legal instruments

third country pure reinsurance branch

01/01/2016

means a permanent presence in the UK of a third country insurance undertaking or third country reinsurance undertaking, that has a permission to effect contracts of insurance or carry out contracts of insurance and which pursues only the business of reinsurance in the UK.

Additional Notes

[Note: Art. 162(3) of the Solvency II Directive]