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PART 3Amendment of subordinate legislation

Amendment of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008

47.  In Part 1 (introduction), in regulation 2(4)(a) (interpretation)(1)—

(a)for “is excluded” substitute “would be excluded”;

(b)after “that Directive,” insert “were the United Kingdom a member State”.

(1)

Regulation 2(4)(a) was amended by paragraph 27(2)(a) of Schedule 2 to the Solvency 2 Regulations 2015 (S.I. 2015/575).