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The Solvency 2 Regulations 2015

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Non-EEA solvency 2 parent undertakings: equivalence

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35.—(1) Schedule 3 applies where the parent undertaking of an insurance undertaking or reinsurance undertaking established in the EEA has its head office in a third country.

(2) Where the PRA is required to rely on supervision exercised by a supervisory authority in a third country which has a supervisory regime which is equivalent to Title 3 of the Solvency 2 Directive, regulations 26 to 34 apply in relation to cooperation with those supervisory authorities.

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