{
  "url": "https://openlegislation.uk/draft-risk-transformation-regulations-2017/regulation-9",
  "json_url": "https://openlegislation.uk/draft-risk-transformation-regulations-2017/regulation-9.json",
  "legislation": "ukdsi/2017/9780111160596",
  "legislation_title": "The Risk Transformation Regulations 2017",
  "legislation_url": "https://openlegislation.uk/draft-risk-transformation-regulations-2017",
  "path": "regulation/9",
  "kind": "regulation",
  "number": "9",
  "heading": "Transformer vehicles which are not Solvency 2 special purpose vehicles",
  "text": "(1) In this regulation—\n(a) “non-Solvency 2 transformer vehicle” means a transformer vehicle which is authorised under Part 4A of FSMA in relation to the activity specified in article 13A of the Regulated Activities Order, but which is not a special purpose vehicle; and\n(b) “special purpose vehicle” has the meaning given by Article 13(26) of the Solvency 2 Directive.\n(2) The PRA must make rules under Part 9A of FSMA (rules and guidance) which impose requirements on non-Solvency 2 transformer vehicles which are equivalent to the requirements imposed by directly applicable regulations made under paragraphs (2) and (2a) of Article 211 of the Solvency 2 Directive on special purpose vehicles authorised for the purposes of that Article.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Part 9A was inserted by section 24 of the Financial Services Act 2012. There are amendments to Part 9A which are not relevant to these Regulations."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Article 211 has been amended by Directive 2014/51/EU (OJ no L153, 22.5.2014, p. 1)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2017/9780111160596/regulation/9",
    "retrieved_at": "2026-10-30T15:06:04.488256+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}