Status: You are viewing the version of the handbook as on 2018-01-02.

Solvency II firm

    130a 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 138 undertaking, namely an undertaking that would require authorisation as an insurance or reinsurance 138 undertaking in accordance with138 article 14 of the Solvency II Directive if its head office was situated in the EEA;
      1. (c) an undertaking authorised in accordance with a non-UK EEA State's measures which implement article 14 of the Solvency II Directive;
      1. (d) the Society and, separately, a managing agent; and
      1. (e) an insurance special purpose vehicle;142
      1. (f) in SUP TP 7 and SUP TP 8, SYSC, COCON, APER, SUP 10A and DEPP142 only, a large non-directive insurer; 142

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