Prudential Regulation Authority Rulebook

16.1

1. (1) Where 2.1(1) or 2.1(2) applies, the relevant insurance group undertakings or any UK holding company must report on a regular basis and at least annually to the group supervisor any significant risk concentration at the level of the group.
2. (2) The necessary information must be submitted to the group supervisor by the relevant insurance group undertaking which is at the head of the group or, where the group is not headed by a relevant insurance group undertaking, by the UK holding company or such other Solvency II undertaking in the group as the group supervisor may specify.

[Note: Art. 244 of the Solvency II Directive]

16.2

1. (1) Where 2.1(1) or 2.1(2) applies, the relevant insurance group undertakings or any UK holding company must report on a regular basis, and at least annually, to the group supervisor all significant intra-group transactions by Solvency II undertakings within a group, including those performed with a natural person with close links to an undertaking in the group.
2. (2) Where an intra-group transaction falling within (1) is very significant, it must be reported to the group supervisor as soon as practicable.
3. (3) The necessary information must be submitted to the group supervisor by the relevant insurance group undertaking which is at the head of the group or, where the group is not headed by a Solvency II undertaking, by the UK holding company or such other Solvency II undertaking in the group as the group supervisor may specify.

[Note: Art. 245 of the Solvency II Directive]