Chwilio Deddfwriaeth

The Solvency 2 Regulations 2015

 Help about what version

Pa Fersiwn

 Help about opening options

Dewisiadau AgorExpand opening options

Status:

Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).

Pension Protection Fund (Entry Rules) Regulations 2005

This adran has no associated Memorandwm Esboniadol

22.—(1) The Pension Protection Fund (Entry Rules) Regulations 2005(1) are amended as follows.

(2) In regulation 1(3) (interpretation)—

(a)omit the following definitions—

(i)“the first non-life insurance directive”;

(ii)“the life insurance directive”;

(iii)“the third non-life insurance directive”;

(b)insert at the appropriate place—

“the Solvency 2 Directive” means Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II);;

(c)in the definition of “EEA insurer” for the words from “(within the meaning of Article 2” to the end of the definition substitute “(within the meaning of Article 2 of the Solvency 2 Directive) which has received authorisation under Article 14 of the Solvency 2 Directive from its home state regulator;”;

(d)in the definition of “EEA regulator” for the words from “means a competent authority” to the end of the definition substitute “means a supervisory authority (within the meaning of Article 13(10) of the Solvency 2 Directive) of an EEA state”.

(1)

S.I. 2005/590 amended by S.I. 2009/451; there are other amending instruments but none is relevant.

Yn ôl i’r brig

Options/Help