counterparty
- 48(for the purposes of the rules relating to insurers in GENPRU and INSPRU)48(in relation to an insurer, the Society, a syndicate or member ('A')48):27
- (a) any one individual; or 27
- (b) any one unincorporated body of persons; or 27
- (c) any company which is not a member of a group; or 27
- 2734(d) any group of companies excluding:34
- (i) (for the purposes of48 INSPRU 2.1 48 ) any companies within the group which are subsidiary undertakings of48 A48 and which fall within48 GENPRU 1.3.43 R 48 ; and34
- (ii) (for all other purposes) any companies within the group which are subsidiary undertakings of48 A48; or34
- (e) any government of a State together with all the public bodies, local authorities or nationalised industries of that State,27