6

Third Country Financial Conglomerates

6.1

This Chapter applies to a firm that is a member of a third country financial conglomerate except:

  1. (1) an incoming EEA firm; or
  2. (2) an incoming Treaty firm; or
  3. (3) an insurer that is not a UK Solvency II firm.

6.2

If a firm is subject to a requirement obliging it to comply with this rule with respect to a third country financial conglomerate of which it is a member, it must comply, with respect to that third country financial conglomerate, with the rules in Part 1 of Annex 3, as adjusted by Part 3 of that Annex.

[Note: Art 18 of the Financial Groups Directive]