# The Financial Services Act 2012 (Transitional Provisions) (Miscellaneous Provisions) Order 2013, Article 69: Solvency II


(1) Paragraph (2) has effect until such time as Directive 98/78/EC of the European Parliament and of the Council of 27 October 1998 on the supplementary supervision of insurance undertakings in an insurance group is repealed by Directive 2009/138/EC of the European Parliament and the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II).
(2) In section 3M(3)(d) (directions relating to consolidated supervision of groups), for “Directive 2009/138/EC of the European Parliament and the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II)” substitute “Directive 98/78/EC of the European Parliament and of the Council of 27 October 1998 on the supplementary supervision of insurance undertakings in an insurance group”.

---
Source: https://www.legislation.gov.uk/uksi/2013/442/article/69 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012-transitional-provisions-miscellaneous-provisions-order-2013/article-69
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.