intra-group transaction
Definitions over time (1)
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06/01/2010 – 09/12/2011 Article 13, Solvency II Directive Scope: Whole act
For the purposes of this Directive, the following definitions shall apply:
‘intra-group transaction’ means any transaction by which an insurance or reinsurance undertaking relies, either directly or indirectly, on other undertakings within the same group or on any natural or legal person linked to the undertakings within that group by close links, for the fulfilment of an obligation, whether or not contractual, and whether or not for payment;
Other definitions of this term in this act (1)
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