Prudential Regulation Authority Rulebook

10.1

The changes to this rule are effective from 23:00 on 31/12/2020.

A third country branch undertaking must fulfil the requirements laid down in Undertakings in Difficulty 2 to 5 as modified by 10.2.

10.2

The changes to this rule are effective from 23:00 on 31/12/2020.

1. (1) A reference to “SCR” is to be interpreted as a reference to the branch SCR.
2. (2) A reference to “MCR” is to be interpreted as a reference to the branch MCR.
3. (3) A reference to “technical provisions” is to be interpreted as a reference to the branch technical provisions.

[Note: Art. 168 of the Solvency II Directive]