The PRA may supervise an ultimate UK solvency 2 parent at group level in the United Kingdom where -
(a)the ultimate UK solvency 2 parent has its head office in Gibraltar; and
(b)the PRA is not the group supervisor.
The PRA may supervise an ultimate UK solvency 2 parent at group level in the United Kingdom where -
(a)the ultimate UK solvency 2 parent has its head office in Gibraltar; and
(b)the PRA is not the group supervisor.