CHAPTER IU.K.SUBJECT MATTER AND DEFINITIONS

F1Article 2U.K.Definitions

For the purposes of this Regulation, the following definitions shall apply:

(1)

‘insurance-led financial conglomerate’ means a financial conglomerate the most important financial sector of which is insurance, in accordance with Article 3(2) of Directive 2002/87/EC;

(2)

‘banking-led or investment-led financial conglomerate’ means a financial conglomerate the most important financial sector of which is either the banking sector or the investment services sector, in accordance with Article 3(2) of Directive 2002/87/EC.

Textual Amendments