6
Technical Provisions and Own Funds
6.1
The changes to this rule are effective from 23:00 on 31/12/2020.
A third country branch undertaking must establish adequate branch technical provisions.
- 31/12/2020
6.2
[Deleted.]
- 31/12/2020
6.3
The changes to this rule are effective from 23:00 on 31/12/2020.
A third country branch undertaking must value assets and liabilities in accordance with the Valuation Part of the PRA Rulebook for the purposes of establishing the branch technical provisions.
- 31/12/2020
6.4
The changes to this rule are effective from 23:00 on 31/12/2020.
A third country branch undertaking must determine and classify its third country branch undertaking own funds for the purposes of complying with its branch SCR and branch MCR in accordance with the Own Funds Part of the PRA Rulebook as if it were a UK Solvency II firm.
- 31/12/2020
6.5
A third country branch undertaking must fulfil the requirements in Own Funds 5 for the purposes of complying with its branch SCR and branch 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]
- 31/12/2020