Commentary

D7.422 Reinsurance—Insurance special purpose vehicles: General principles

Corporate tax
Corporate tax | Commentary

D7.422 Reinsurance—Insurance special purpose vehicles: General principles

Corporate tax | Commentary

D7.422 Reinsurance—Insurance special purpose vehicles: General principles

The rules in this division apply for accounting periods beginning on or after 1 January 2013. For accounting periods beginning before 1 January 2013 see Division D7.5.

Insurance special purpose vehicles ('ISPVs') were originally allowed under the terms of the EU Reinsurance Directive1. Although the main thrust of the UK's approach is for a light touch regulatory regime for ISPVs to allow insurance groups to access the capital markets, an ISPV may also be used as a traditional or financial reinsurer. In the latter case an ISPV may be able to offer capital and

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