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:
- (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
- (b) (for the purpose of calculating solo capital resources64,64 a solo capital resources requirement and regulatory surplus value64):
- (c) (for all other purposes) rules and requirements45 of the230
appropriate regulator
230
;45
and so that:
- (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;
- (e) (in relation to any financial sector) those requirements include ones relating to the eligibility of different types of capital;
- (f) (in relation to any financial sector) those requirements include both ones applying on a solo basis and ones applying on a consolidated basis;
- (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
- (h) references to the230 appropriate regulator's 230 sectoral rules are to sectoral rules in the form of rules.454531