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1. Where insurance and reinsurance undertakings are subsidiaries of an insurance holding company or mixed financial holding company, the group supervisor shall ensure that the calculation of the solvency of the group is carried out at the level of the insurance holding company or mixed financial...

Member States shall provide that the rules laid down in Articles 238 and 239 shall apply to any insurance or reinsurance undertaking which is the subsidiary of an insurance or reinsurance undertaking where all of the following conditions are satisfied:(a) the subsidiary, in relation to which the...

1. In the case of applications for permission to be subject to the rules laid down in Articles 238 and 239, the supervisory authorities concerned shall work together within the college of supervisors, in full cooperation, to decide whether or not to grant the permission sought and to determine the...

1. Without prejudice to Article 231, the Solvency Capital Requirement of the subsidiary shall be calculated as set out in paragraphs 2, 4, and 5 of this Article.2. Where the Solvency Capital Requirement of the subsidiary is calculated on the basis of an internal model approved at group level in...

1. In the event of non-compliance with the Solvency Capital Requirement and without prejudice to Article 138, the supervisory authority having authorised the subsidiary shall, without delay, forward to the college of supervisors the recovery plan submitted by the subsidiary in order to achieve...

1. The rules provided for in Articles 238 and 239 shall cease to apply where:(a) the condition referred to in Article 236(a) is no longer complied with;(b) the condition referred to in Article 236(b) is no longer complied with and the group does not restore compliance with this condition in an...

The Commission shall adopt delegated acts in accordance with Article 301a specifying:(a) the criteria for assessing whether the conditions stated in Article 236 are satisfied;(b) the criteria for assessing what should be considered an emergency situation under Article 239(2);(c) the procedures to...

1. By 31 December 2017, the Commission shall make an assessment of the application of Title III, in particular as regards the cooperation of supervisory authorities within, and functionality of, the college of supervisors and the supervisory practices concerning setting the capital add-ons, and...

Articles 236 to 242 shall apply mutatis mutandis to insurance and reinsurance undertakings which are the subsidiary of an insurance holding company or mixed financial holding company.