Print Options
PrintThe Whole
Instrument
PrintThe Whole
Part
PrintThe Whole
Chapter
PrintThis
Section
only
Status:
This is the original version (as it was originally made).
Choice of method
This section has no associated Explanatory Memorandum
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).
Back to top