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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

insurance sector

    27a sector composed of one or more of the following entities:

      1. (a) ““UK Solvency II firm”166 as defined in the PRA Rulebook: Glossary143;116116
      1. (aa) a “third country insurance undertaking” or a “third country reinsurance undertaking” as defined in the PRA Rulebook: Glossary;143
      1. (b) an insurance holding company; and
      1. (c) (in the circumstances described in52 GENPRU 3.1.39 R 52 (The financial sectors: Asset management companies and alternative investment fund managers116)) an asset management company or an alternative investment fund manager116.