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sectoral rules

  1. 120
    1. (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: and so that:
      1. (a) (for the purposes of GENPRU 3.1.12 R (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 resources a solo capital resources requirement and regulatory surplus value):
        1. (i) (to the extent provided for in paragraphs 6.4 to 6.6 of GENPRU 3 Annex 1R) rules and requirements that are referred to in hose paragraphs; and
        2. (ii) the rules and requirements in (c); or
      3. (c) (for all other purposes) rules and requirements of the appropriate regulator
        1. (d) (in relation to consolidated supervision for any financial sector) those requirements include ones relating to the form and extent of consolidation;
        2. (e) (in relation to any financial sector) those requirements include ones relating to the eligibility of different types of capital;
        3. (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; and
      6. (h) references to the appropriate regulator's sectoral rules are to sectoral rules in the form of rules and, as applicable, the EU CRR.
      and so that: