4
Solvency Capital Requirement and Minimum Capital Requirement
4.1
The changes to this rule are effective from 23:00 on 31/12/2020.
A third country branch undertaking must:
- (1) calculate a branch SCR; and
- (2) cover the branch SCR with eligible own funds.
- 31/12/2020
4.2
A third country branch undertaking must:
- (1) calculate a branch MCR; and
- (2) cover the branch MCR with eligible own funds.
- 31/12/2020
4.3
For the purposes of the calculations referred to in 4.1(1) and 4.2(1), the third country branch undertaking must take account only of the operations effected by the third country branch.
- 01/01/2016
4.4
[Deleted.]
- 31/12/2020
4.5
[Deleted.]
- 31/12/2020
4.6
[Deleted.]
- 31/12/2020