Glossary
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basic own funds > third country branch undertaking| Term | Definition | Legal instruments |
|---|---|---|
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third country reinsurance 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 a reinsurance undertaking in accordance with provisions implementing Article 14 of the Solvency II Directive if its head office were situated in the UK. Additional Notes[Note: Art. 13(6) of the Solvency II Directive] |
Instruments |