Article 2U.K.
The solvency regime in force in Japan that applies to the insurance activities of undertakings with their head offices in Japan and regulated by the Insurance Business Act shall be considered as provisionally equivalent to the regime laid down in Chapter VI of Title I of Directive 2009/138/EC.
The provisional equivalence referred to in the first paragraph shall be granted for a period of 10 years from 1 January 2016.