{
  "url": "https://openlegislation.uk/electronic-commerce-and-solvency-2-amendment-etc-eu-exit-regulations-2019/regulation-2",
  "json_url": "https://openlegislation.uk/electronic-commerce-and-solvency-2-amendment-etc-eu-exit-regulations-2019/regulation-2.json",
  "legislation": "uksi/2019/1361",
  "legislation_title": "The Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/electronic-commerce-and-solvency-2-amendment-etc-eu-exit-regulations-2019",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Amendment of Commission Delegated Regulation (EU) 2015/35",
  "text": "(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.\n(2) In Article 1 (definitions) , after paragraph 58 insert—\n“\n58A ‘PRA’ means the Prudential Regulation Authority;”.\n(3) In Article 257 (requirements for investments in securitisations that no longer comply with the risk-retention and qualitative requirements) —\n(a) in paragraphs 1 and 2, for “supervisory authority” substitute “ PRA ”; and\n(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 ”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "Article 1 was amended by S.I. 2019/407."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "Paragraphs 1 and 2 of Article 257 were replaced by Commission Delegated Regulation (EU) 2018/1221, Article 1(8)."
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 2 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2) (as amended by S.I. 2019/1390, regs. 1(2), 6)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/1361/regulation/2",
    "retrieved_at": "2026-10-28T22:36:31.296183+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."
}