Paragraph 3 Amendment to the Solvency 2 Delegated RegulationI1
United Kingdom
For Article 1(18b)(b) (meaning of “STS securitisation”) of Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II)f1 substitute—
“(b)an overseas STS securitisation as defined in regulation 12(2) of the Securitisation Regulations 2024;”.
Annotations
Commencement
- I1
Sch. 2 para. 3 in force at 30.1.2024 for specified purposes and 1.11.2024 (the main commencement day) in so far as not already in force, see reg. 2(1)(e)(2)
Footnotes
- f1
-
EUR 2015/35. Article 1(18b)(b) was inserted by paragraph 39 of Part 3 of Schedule 2 to the Financial Services and Markets Act 2023.