Section 3M(3)

The “relevant directives” are— the capital requirements directive; Directive 2002/87/EC of the European Parliament and of the Council on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Directive 2009/138/EC of the European Parliament and the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II). Directive 2014/59/EU of the European Parliament and of the Council of 15th May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms.

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Source: legislation.gov.uk · retrieved 2026-09-04