Dáil debates
Wednesday, 17 October 2007
Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee Stage
5:00 pm
Brian Cowen (Laois-Offaly, Fianna Fail)
Regulation 38(4) is for the failure of a special purpose reinsurance vehicle to comply with certain requirements. Regulation 61(3) refers to the failure of a reinsurance undertaking to comply with the solvency rules made by the bank. The Financial Regulator suggests they should be treated in that way.
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