sectoral rules

23(in relation to a financial sector) rules and requirements relating to the prudential supervision of regulated entities applicable to regulated entities in that financial sector as follows:

1. (a) (for the purposes of45 GENPRU 3.1.12 R 45 (Definition of financial conglomerate: Solvency requirement)) EEA prudential sectoral legislation for that financial sector together with as appropriate the rules and requirements in (c); or
2. (b) (for the purpose of calculating solo capital resources64,64 a solo capital resources requirement and regulatory surplus value64):
   1. (i) (to the extent provided for in 45paragraphs 646.464to 6.6 of GENPRU 3 Annex 1R45) rules and requirements that are referred to in 45those paragraphs45; and
   2. (ii) the rules and requirements in (c); or
3. (c) (for all other purposes) rules and requirements45 of the232 appropriate regulator 232 ;45

and so that:

2. (d) (in relation to prudential rules about consolidated supervision for any financial sector) those requirements include ones relating to the form and extent of consolidation;
3. (e) (in relation to any financial sector) those requirements include ones relating to the eligibility of different types of capital;
4. (f) (in relation to any financial sector) those requirements include both ones applying on a solo basis and ones applying on a consolidated basis;
5. (g) (in relation to the insurance sector) references in this definition to consolidated supervision are to supplementary supervision, similar expressions being interpreted accordingly;31 and45
6. (h) references to the232 appropriate regulator's 232 sectoral rules are to sectoral rules in the form of rules.454531