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

third country reinsurance undertaking


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

Additional Notes

[Note: Art. 13(6) of the Solvency II Directive]