Part I Defined Terms
Part I Defined Terms

1

“The single market directives” means—

[(a)     [capital requirements directive];]

[(c)     the Solvency 2 Directive;]

[(ca)     . . .]

(d)     the [markets in financial instruments directive][; . . .

(e)]     [the insurance distribution directive][; . . .

(f)     the UCITS directive][; . . .

(g)     the alternative investment fund managers directive][; and

(h)     the mortgages directive].

[2

. . .]

3

“The Solvency 2 Directive” means Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II).]

3A

. . .]

4

. . .

4A

“The insurance distribution directive” means Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution (recast) as amended by Directive (EU) 2018/411 of the European Parliament and of the Council of 14 March 2018.]

[4B

“The UCITS directive” means the Directive of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (No 2009/65/EC)[, as amended by Directive 2014/91/EU of the European Parliament and of the Council of 23rd July 2014].]

4C

”The markets in financial instruments directive” means Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments.]

4D 

“The emission allowance auctioning regulation” means Commission Regulation (EU) No 1031/2010 of 12 November 2010 on the timing, administration and other aspects of auctioning of greenhouse gas emission allowances pursuant to Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance

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