Restriction of Business | Prudential Regulation Authority Handbook & Rulebook
Prudential Regulation Authority Rulebook

Prudential Regulation Authority Rulebook

Part

Third Country Branches

Chapter

Restriction of Business

Printed on: 21/06/2025

Rulebook at: 15/11/2024


12

Restriction of Business

12.1

A third country branch undertaking except a pure reinsurer must not carry on any commercial business other than insurance business and activities directly arising from that business.

  • 01/01/2016

12.2

A third country branch undertaking that is a pure reinsurer must not carry on any business other than the business of reinsurance and related operations.

  • 01/01/2016