The Insurance and Reinsurance Undertakings (Prudential Requirements) Regulations 2023
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Change 1
7A Interpretation of Chapter 2
(1) In this Chapter— “insurance undertaking” has the same meaning as in section 417(1) of FSMA 2000; “PRA rules” means the rules made by the PRA under FSMA 2000 as they have effect from time to time; “reinsurance undertaking” has the same meaning as in section 417(1) of FSMA 2000. (2) Any other term used in this Chapter which is used in PRA rules applicable to insurance and reinsurance undertakings has the same meaning as in those rules.
7A Interpretation of Chapter 2
(1) In this Chapter— “insurance undertaking” has the same meaning as in section 417(1) of FSMA 2000; “PRA rules” means the rules made by the PRA under FSMA 2000 as they have effect from time to time; “reinsurance undertaking” has the same meaning as in section 417(1) of FSMA 2000. (2) Any other term used in this Chapter which is used in PRA rules applicable to insurance and reinsurance undertakings has the same meaning as in those rules.
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