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The Solvency 2 Regulations 2015

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Changes over time for: Section 38

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There are currently no known outstanding effects for the The Solvency 2 Regulations 2015, Section 38. Help about Changes to Legislation

Meaning of “approval”, “group application” [F1and “protected item”] U.K.

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38.—(1) In this Part F2...—

approval” means an approval granted by the PRA under this Part;

group application” means an application for permission to calculate any of the following matters in accordance with an internal model—

(i)

the consolidated group solvency capital requirement for a group and the solvency capital requirements for the insurance undertakings [F3, reinsurance undertakings, Gibraltarian insurance undertakings and Gibraltarian reinsurance undertakings ] in the group in accordance with method 1 M1;

(ii)

the aggregated group solvency capital requirement in relation to group solvency determined in accordance with method 2 M2; and

protected item” has the same meaning as in section 413 of FSMA.

F4(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

Marginal Citations

M1See Article 231 of the Solvency 2 Directive.

M2See Article 233(5) of the Solvency 2 Directive.

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