^F1PART 1Citation, commencement and interpretation

Citation and commencement

^F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interpretation

^F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1PART 2Supervision

Exercise of PRA and FCA functions

^F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Review of capital add-ons

^F14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Non-compliance with solvency capital requirement and exceptional adverse situations

^F14A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Duty to publish technical information

^F14B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Powers in relation to Gibraltar undertakings

^F14C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Procedure on the exercise of powers under regulation 4C

^F14D. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Passporting: notification of home state regulator

^F15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

EIOPA: information

^F16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

EIOPA and EBA: notifications

^F17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other EEA States: information

^F18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Non-compliance with the minimum capital requirement: provision of information to other supervisory authorities

^F19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F19A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F19B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1PART 3Groups

^F1CHAPTER 1Cases of application and scope

Risk concentration and intra-group transactions

^F110. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Equivalent provisions

^F111. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exclusion of undertaking from group supervision

^F112. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1CHAPTER 2Levels

Supervision of parents and subgroups at national level: substantive powers

^F113. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Supervision of parents and subgroups at national level: procedure

^F114. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1CHAPTER 3Group Solvency

Supervision of group solvency and frequency of calculation

^F115. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Choice of method

^F116. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Inclusion of proportional share

^F117. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Related undertakings: calculation of group solvency

^F118. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Participating undertakings: calculation of group solvency

^F119. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Gibraltar undertakings: calculation of group solvency

^F119A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Internal models and capital add-ons

^F120. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Subsidiaries: solvency capital requirement

^F121. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Subsidiaries: non-compliance with the solvency and minimum capital requirements

^F122. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Subsidiaries: revocation of approval for applying Articles 238 and 239 of the Solvency 2 Directive

^F123. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1CHAPTER 4Risk concentration and intra-group transactions

Supervision of risk concentration and intra-group transactions

^F124. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1CHAPTER 5Risk management and internal control

Supervision of system of governance

^F125. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1CHAPTER 6Measures to facilitate group supervision

Rule for deciding the group supervisor

^F126. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exceptions to the rule for deciding the group supervisor

^F127. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Duties of group supervisor ...

^F128. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Cooperation and exchange of information between supervisory authorities

^F129. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Consultation between supervisory authorities

^F130. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Access to information

^F131. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Verification of information

^F132. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Group solvency and financial condition report

^F133. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Enforcement measures

^F234. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1CHAPTER 7Third countries

Non-EEA solvency 2 parent undertakings: equivalence

^F135. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Parent undertaking outside the United Kingdom: absence of equivalence

^F236. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Parent undertakings outside the United Kingdom: levels

^F136A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1CHAPTER 8Mixed-activity insurance holding companies

Intra-group transactions

^F137. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1PART 4Approvals

^F1CHAPTER 1Procedure: applications

Meaning of “approval”, “group application” and “protected item”

^F138. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Applications: eligibility, process, information and documents

^F139. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Additional process: applications from groups and applications to more than one supervisory authority

^F140. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1CHAPTER 2Specific Approvals

Verification that the Solvency 2 Directive does not apply

^F141. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Matching adjustment

^F142. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Volatility adjustment

^F143. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Supervisory approval of ancillary own-funds

^F144. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Eligible own funds for an intermediate insurance holding company

^F145. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Classification of funds

^F146. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Basic Solvency Capital Requirement

^F147. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Models

^F148. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Group applications

^F149. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Third-country insurance undertakings: approval of supervision in more than one EEA State

^F150. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Withdrawal of authorisation for third-country insurance undertakings authorised in more than one EEA State

^F151. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Subsidiaries: application of Articles 238 and 239 of the Solvency 2 Directive

^F152. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Transitional measures on risk-free interest rates

^F153. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Transitional measures on technical provisions

^F254. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1CHAPTER 3Procedure: decisions, appeals and notices

Decisions: written notices

^F155. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Appeals

^F156. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Publication of written notices

^F157. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1CHAPTER 4Rule waivers

Modification or waiver of rules

^F158. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F1PART 5Amendments

Amendments

^F159. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

^F160. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Regulation 59

^F1SCHEDULE 1Amendments to primary legislation

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Regulation 60

^F1SCHEDULE 2Amendments to secondary legislation

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Regulation 35

^F1SCHEDULE 3Parent undertakings outside the EEA: equivalence

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Regulation 40

^F1SCHEDULE 4Procedure for an application for a subsidiary to be subject to national law implementing Articles 238 and 239 of the Solvency 2 Directive

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Regulation 40

^F1SCHEDULE 5Procedure for group applications

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .