# The Financial Services (Banking Reform) Act 2013 (Transitional and Savings Provisions) Order 2015, Article 10B: Solvency II firms


(1) “Solvency II firm” means—
(a) an insurance undertaking within the meaning of Article 13(1) of the Solvency II Directive that is not—
(i) an insurance undertaking falling under Article 308b(1) of the Solvency II Directive; or
(ii) excluded from the scope of the Solvency II Directive by Section 2 of Chapter 1 of Title 1 of that Directive;
(b) a reinsurance undertaking within the meaning of Article 13(4) of the Solvency II Directive that is not—
(i) a reinsurance undertaking falling under Article 308b(1) of the Solvency II Directive; or
(ii) excluded from the scope of the Solvency II Directive by Section 2 of Chapter 1 of Title 1 of that Directive;
(c) a special purpose vehicle within the meaning of Article 13(26) of the Solvency II Directive;
(d) a third country insurance undertaking within the meaning of Article 13(3) of the Solvency II Directive which has a branch in the United Kingdom; or
(e) a third country reinsurance undertaking within the meaning of Article 13(6) of the Solvency II Directive which has a branch in the United Kingdom.
(2) In this article “branch” has the meaning given in Article 13(11) of the Solvency II Directive.

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Source: https://www.legislation.gov.uk/uksi/2015/492/article/10B (the official version)
Page: https://openlegislation.uk/financial-services-banking-reform-act-2013-transitional-and-savings-provisions-order-2015/article-10B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.