6
Technical Provisions and Own Funds
6.1
A third country branch undertaking (except a UK-deposit insurer and an EEA-deposit insurer) must establish adequate branch technical provisions.
- 01/01/2016
6.2
A UK-deposit insurer must establish adequate EEA technical provisions.
- 01/01/2016
6.3
A third country branch undertaking (except an EEA-deposit insurer) must value assets and liabilities in accordance with the Valuation Part of the PRA Rulebook for the purposes of establishing the branch technical provisions (or, in the case of a UK-deposit insurer, the EEA technical provisions).
- 01/01/2016
6.4
A third country branch undertaking (except an EEA-deposit insurer) must determine and classify its third country branch undertaking own funds for the purposes of complying with its branch SCR and branch MCR (or, in the case of a UK-deposit insurer, its EEA SCR and EEA MCR) in accordance with the Own Funds Part of the PRA Rulebook as if it were a UK Solvency II firm.
- 01/01/2016
6.5
A third country branch undertaking (except an EEA-deposit insurer) must fulfil the requirements in Own Funds 5 for the purposes of complying with its branch SCR and branch MCR (or, in the case of a UK-deposit insurer, its EEA SCR and EEA MCR) as if it were a UK Solvency II firm.
[Note: Art. 165, Art. 166(1), (2) and (3) and Art. 167(1) of the Solvency II Directive]
- 01/01/2016