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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.

Solvency II firm

    131a firm which is any of:

      1. (a) a "UK Solvency II firm" as defined in chapter 2 of the PRA Rulebook: Solvency II Firms: Insurance General Application;
      1. (b) a third-country insurance or reinsurance undertaking, namely an undertaking that would require Part 4A permission180 as an insurance or reinsurance undertaking 180if its head office was situated in the United Kingdom180;
      1. (c) [deleted]180
      1. (d) the Society and, separately, a managing agent; and
      1. (e) an insurance special purpose vehicle;143
      1. (f) in SUP TP 7 and SUP TP 8, SYSC, COCON, SUP 10C174 and DEPP143 only, a large non-directive insurer; 143

    but excluding any firm to the extent that rule 2 of PRA Rulebook: Solvency II Firms: Transitional Measures disapplies relevant rules which implemented180 the Solvency II Directive.