Prudential Regulation Authority Rulebook

7.1

The calculation of the solvency at the level of the group of the Solvency II undertakings referred to in 2.1(1) must be carried out:

1. (1) in accordance with the technical principles in 8 to 10; and
1. [Note: Art. 220(1) of the Solvency II Directive]
2. (2) in accordance with method 1, unless the group supervisor has determined under Article 220(2) of the Solvency II Directive that method 2 or a combination of method 1 and method 2 must be applied.
1. [Note: Art. 220(2) of the Solvency II Directive]