(1) Supervision of group solvency shall be exercised in accordance with paragraphs (2) and (3) and Regulations 247 to 263.
(2) In the case referred to in Regulation 216(3)(a), participating insurance undertakings or reinsurance undertakings shall ensure that eligible own funds are available in the group which are always at least equal to the group Solvency Capital Requirement as calculated in accordance with Regulations 223 to 237.
(3) In the case referred to in Regulation 216(3)(b) insurance undertakings and reinsurance undertakings in a group shall ensure that eligible own funds are available in the group which are always at least equal to the group Solvency Capital Requirement as calculated in accordance with Regulation 238.
(4) Regulations 144 and 146(1) to (9) shall apply subject to any necessary modifications.
(5) Where the Bank is the group supervisor of a group, the Bank shall -
(a) subject the requirements referred to in paragraphs (2) and (3) to supervisory review in accordan
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