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1. The supervisory authorities shall not approve an unlimited amount of ancillary own funds.2. Where the supervisory authorities approve an amount of ancillary own funds, the decision of the supervisory authorities shall specify whether the amount that has been approved is the amount for which the...

Where the supervisory authorities approve a method to determine the amount of each ancillary own fund item, the supervisory authorities' decision shall set out all of the following:(a) the initial amount of the ancillary own funds item that has been calculated using that method at the date the...

1. Insurance and reinsurance undertakings shall fulfil all of the following requirements:(a) establish, implement and maintain effective cooperation, internal reporting and communication of information at all relevant levels of the undertaking;(b) establish, implement and maintain effective...

1. Insurance and reinsurance undertakings shall inform the supervisory authority immediately where they observe that the Minimum Capital Requirement is no longer complied with or where there is a risk of non-compliance in the following three months.2. Within one month from the observation of non...

Member States shall take the measures necessary to be able, in accordance with national law, to prohibit the free disposal of assets located within their territory at the request, in the cases provided for in Articles 137 to 139 and Article 144(2) of the undertaking’s home Member State, which...

Notwithstanding Articles 138 and 139, where the solvency position of the undertaking continues to deteriorate, the supervisory authorities shall have the power to take all measures necessary to safeguard the interests of policy holders in the case of insurance contracts, or the obligations arising...

Recovery plan and finance scheme1. The recovery plan referred to in Article 138(2) and the finance scheme referred to in Article 139(2) shall, at least include particulars or evidence concerning the following:(a) estimates of management expenses, in particular current general expenses and...

1. The Commission shall adopt delegated acts in accordance with Article 301a supplementing the types of exceptional adverse situations and specifying the factors and criteria to be taken into account by EIOPA in declaring the existence of exceptional adverse situations and by supervisory...

1. The supervisory authority of the home Member State may withdraw an authorisation granted to an insurance or reinsurance undertaking in the following cases:(a) the undertaking concerned does not make use of the authorisation within 12 months, expressly renounces it or ceases to pursue business...