Regulation 9 Non-compliance with the minimum capital requirement: provision of information to other supervisory authorities

Where -

(a) the PRA imposes an assets requirement under section 55M of FSMA on an insurance undertaking or reinsurance undertaking which is exercising an EEA right; and

(b) the assets requirement is imposed because the undertaking is not compliant with the minimum capital requirement,

the PRA must inform the host state regulator.