This
adran has no associated
Memorandwm Esboniadol
16. In section 425(1)(a) (expressions relating to authorisation elsewhere in the single market)—
(a)omit ““life assurance consolidation directive””, ““first non-life insurance directive””, “insurance directives” and “reinsurance directive”, and
(b)after ““single market directives”” insert ““, Solvency 2 Directive””.