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basic own funds > third country branch undertaking
Term Definition Legal instruments

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