# The Solvency 2 and Insurance (Amendment, etc.) (EU Exit) Regulations 2019, Paragraph 53


(1) Specifying the adjustments of the following criteria for suitability of the proposed acquirer and the financial soundness of the proposed acquisition.
(2) The criteria are—
(a) the reputation of the proposed acquirer;
(b) the reputation and experience of any person who will direct the business of the insurance or reinsurance undertaking as a result of the proposed acquisition;
(c) the financial soundness of the proposed acquirer, in particular in relation to the type of business pursued and envisaged in the insurance or reinsurance undertaking in which the acquisition is proposed;
(d) whether the insurance or reinsurance undertaking will be able to comply and continue to comply with prudential requirements, in particular, whether the group of which it will become part has a structure that makes it possible to exercise effective supervision, effectively exchange information among the supervisory authorities and determine the allocation of responsibilities among the supervisory authorities;
(e) whether there are reasonable grounds to suspect that, in connection with the proposed acquisition, money laundering or terrorist financing is being or has been committed or attempted, or that the proposed acquisition could increase the risk thereof.

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111177938/schedule/2/paragraph/53 (the official version)
Page: https://openlegislation.uk/draft-solvency-2-and-insurance-amendment-etc-eu-exit-regulations-2019/schedule-2/paragraph-53
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.