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Status: Published
Version date: 31 December 2020
  Version 2 of 2    

financial sector entity

means any of the following:

(a) an institution;

(b) a financial institution;

(c) an ancillary services undertaking included in the consolidated financial situation of an institution;

(d) an insurance undertaking;

(e) a third-country insurance undertaking;

(f) a reinsurance undertaking;

(g) a third-country reinsurance undertaking;

(h) an insurance holding company as defined in the Solvency 2 Regulations 2015;

(i) [deleted]

(j) [deleted]

(k) a non-directive firm as defined in the PRA Rulebook unless that non-directive firm is only a non-directive firm because either -

(i) the firm's Part 4A permission includes a requirement that it may only carry on Solvency II excluded operations; or

(ii) the firm is a pure reinsurer which ceased to conduct new reinsurance contracts before 10 December 2007;

(l) a third-country undertaking with a main business comparable to any of the entities referred to in points (a) to (k)

Comparing proposed amendment...