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___DIRECTION ___ To: [] (FAN []) (the firm) Of: [] Ref: [] Date: [] PRA Rule book Group Supervision 20.1 (Version as in force at the date this Direction takes effect)Power 1. This direction is given
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Obtain the necessary form for modification by consent of Solvency II group supervision from the relevant regulatory authority.
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Fill out the form accurately and completely, providing all required information and supporting documentation.
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Submit the completed form to the regulatory authority for review and approval.
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Keep track of the progress of your modification request and respond promptly to any requests for additional information or clarification.

Who needs modification-by-consent-of-solvency-ii-group-supervision?

01
Insurance companies operating within the European Union who are subject to Solvency II group supervision may need modification by consent of Solvency II group supervision in certain circumstances.
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The modification-by-consent-of-solvency-ii-group-supervision is a process by which a group applies for and obtains consent for modifications to its supervision.
Insurance groups that fall under the Solvency II regulations are required to file modification-by-consent-of-solvency-ii-group-supervision.
To fill out the modification-by-consent-of-solvency-ii-group-supervision, insurance groups need to provide detailed information about the modifications requested and submit the necessary documentation to the supervisory authorities.
The purpose of modification-by-consent-of-solvency-ii-group-supervision is to ensure that any changes to the group's supervision are properly reviewed and approved by the relevant authorities.
Insurance groups must report information such as the reasons for the modifications, potential impact on the group's solvency position, and any risk management measures put in place.
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