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RSS1. 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.
1. Supervision of the risk concentration at group level shall be exercised in accordance with paragraphs 2 and 3 of this Article, Article 246 and Chapter III.2. Member States shall require insurance and reinsurance undertakings or insurance holding companies or mixed financial holding companies to...
1. Supervision of intra-group transactions shall be exercised in accordance with paragraphs 2 and 3 of this Article, Article 246 and Chapter III.2. Member States shall require insurance and reinsurance undertakings, insurance holding companies and mixed financial holding companies to report on a...
1. The requirements set out in Title I, Chapter IV, Section 2 shall apply mutatis mutandis at the level of the group.Without prejudice to the first subparagraph, the risk management and internal control systems and reporting procedures shall be implemented consistently in all the undertakings...
1. A single supervisor, responsible for coordination and exercise of group supervision (group supervisor), shall be designated from among the supervisory authorities of the Member States concerned.2. Where the same supervisory authority is competent for all insurance and reinsurance undertakings...
1. The rights and duties assigned to the group supervisor with regard to group supervision shall comprise the following:(a) coordination of the gathering and dissemination of relevant or essential information for going concern and emergency situations, including the dissemination of information...