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The Solvency 2 Regulations 2015
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- UK Statutory Instruments
- 2015 No. 575
- PART 3
- CHAPTER 3
- Regulation 16
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16.—(1) Where the PRA is the group supervisor of a group, the PRA must consult the group and the other supervisory authorities concerned in the supervision of the group before requiring the group to use method 2, or a combination of method 1 and method 2, for the calculation of solvency at a group level.
(2) Where the PRA is not the group supervisor, the PRA must apply the method chosen by the group supervisor for the ultimate EEA solvency 2 parent in relation to—
(a)group supervision at a national level in accordance with regulation 13(1); and
(b)supervision at subgroup level in accordance with regulation 13(2).
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