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means, for the purposes of determining the SCR using the standard formula, the replacement of a subset of parameters used in the life underwriting risk module, non-life underwriting risk module or health underwriting risk module with parameters specific to a firm.
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(A) In the PRA Handbook:an EEA insurance parent undertaking that is not itself the subsidiary undertaking of another EEA insurance parent undertaking or of a mixed financial holding company which has its head office in an EEA State.(B) In the FCA Handbook:an EEA insurance parent undertaking that is not itself the subsidiary undertaking of another EEA insurance parent undertaking.
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(in relation to an insurer) a parent undertaking of the insurer that is not itself the subsidiary undertaking of another undertaking.
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(A) In the PRA Handbook:an insurance parent undertaking that is not itself the subsidiary undertaking of another insurance parent undertaking or of a mixed financial holding company.
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means an undertaking within the meaning of section 1161(1) of the Companies Act 2006 (meaning of “undertaking” and related expressions) whose registered office or, if the undertaking does not have a registered office, whose head office is in any part of the UK.
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means an undertaking within the meaning of section 1161(1) of the Companies Act 2006 (meaning of “undertaking” and related expressions).
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(as defined in section 1161(1) of the Companies Act 2006 (Meaning of "undertaking" and related expressions)):(b) an unincorporated association carrying on a trade or business, with or without a view to profit.