This is the original version (as it was originally made).
37.—(1) This regulation applies where—
(a)the parent undertaking of one or more insurance undertakings or reinsurance undertakings in the group is a mixed-activity insurance holding company; and
(b)the PRA supervises one or more of the insurance undertakings or reinsurance undertakings in the group.
(2) The PRA must exercise general supervision over transactions between—
(a)the mixed-activity holding company and its related undertakings; and
(b)the insurance undertakings or reinsurance undertakings supervised by the PRA.
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