(1) Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of insurance and reinsurance (Solvency II) is amended as follows.

(2) In Article 178a at the end insert -

"5. For the purposes of paragraphs 3 and 4, Article 177 (in the version of this Regulation which was in force on 31 December 2018) continues to have effect notwithstanding its deletion by Article 1(3) of Commission Delegated Regulation (EU) 2018/1221, and has effect for those purposes with the following modifications -

(a) paragraph 2 is to be read as if -

(i) a reference to Regulation (EU) No 575/2013 were a reference to the version of that Regulation which was in force on 31 December 2018;

(ii) in point (b) "the EEA or" were omitted;

(iii) in point (h)(i) -

(aa) for "national law of the Member State where the loans were originated" there were substituted "loans were originated in the United Kingdom and the law of the United Kingdom";

(bb) ", and that Member State has notified this law to the Commission and EIOPA" were omitted;

(iv) point (h) (ii) were omitted;