Content Options:

Content Options

View Options:

Solvency II firm

131a firm which is any of:

  1. (a) a "UK Solvency II firm" as defined in chapter 2 of the PRA Rulebook: Solvency II Firms: Insurance General Application;
  2. (b) a third-country insurance or reinsurance 139 undertaking, namely an undertaking that would require authorisation as an insurance or reinsurance 139 undertaking in accordance with139 article 14 of the Solvency II Directive if its head office was situated in the EEA;
  3. (c) an undertaking authorised in accordance with a non-UK EEA State's measures which implement article 14 of the Solvency II Directive;
  4. (d) the Society and, separately, a managing agent; and
  5. (e) an insurance special purpose vehicle;143
  6. (f) in SUP TP 7 and SUP TP 8, SYSC, COCON, SUP 10C174 and DEPP143 only, a large non-directive insurer; 143

but excluding any firm to the extent that rule 2 of PRA Rulebook: Solvency II Firms: Transitional Measures disapplies relevant rules implementing the Solvency II Directive.