# The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019, Regulation 2: Amendment of Commission Delegated Regulation (EU) 2015/35


(1) Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of insurance and reinsurance is amended as follows.
(2) In Article 1 (definitions), after paragraph 58 insert—
“58A. ‘PRA’ means the Prudential Regulation Authority;”.
(3) In Article 257 (requirements for investments in securitisations that no longer comply with the risk-retention and qualitative requirements)—
(a) in paragraphs 1 and 2, for “supervisory authority” substitute “PRA”; and
(b) in paragraph 5 for “undertaking’s system of governance as referred to in Article 37(1)(c)” substitute “standards of governance laid down in Title 1, Chapter IV, Section 2”.

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111182000/regulation/2 (the official version)
Page: https://openlegislation.uk/draft-electronic-commerce-and-solvency-2-amendment-etc-eu-exit-regulations-2019/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.