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RSSFor the purposes of this Chapter, the information submitted to supervisors shall be considered as material where its omission or misstatement could influence the decision-making or judgement of the supervisory authorities.
The information which supervisory authorities require insurance and reinsurance undertakings to submit at predefined periods in accordance with Article 35(2)(a)(i) of Directive 2009/138/EC shall comprise the following: (a) the solvency and financial condition report disclosed by the insurance or...
Where the parent undertaking referred to in Article 260 is itself a subsidiary of an insurance holding company or a mixed financial holding company which has its head office in a third country or of a third-country insurance or reinsurance undertaking, Member States shall apply the verification...
1. The Commission may submit proposals to the Council for the negotiation of agreements with one or more third countries regarding the means of exercising group supervision over:(a) insurance or reinsurance undertakings which have, as participating undertakings, undertakings within the meaning of...
1. Member States shall ensure that, where the parent undertaking of one or more insurance or reinsurance undertakings is a mixed-activity insurance holding company, the supervisory authorities responsible for the supervision of those insurance or reinsurance undertakings exercise general...
As concerns cooperation with third countries, Article 264 shall apply mutatis mutandis.
This Title shall apply to reorganisation measures and winding-up proceedings concerning the following:(a) insurance undertakings;(b) branches situated in the territory of the Community of third-country insurance undertakings.
1. For the purpose of this Title the following definitions shall apply:(a) ‘competent authorities’ means the administrative or judicial authorities of the Member States which are competent for the purposes of the reorganisation measures or the winding-up proceedings;(b) ‘branch’ means a permanent...
1. Only the competent authorities of the home Member State shall be entitled to decide on the reorganisation measures with respect to an insurance undertaking, including its branches.2. The reorganisation measures shall not preclude the opening of winding-up proceedings by the home Member State.3...
The competent authorities of the home Member State shall inform as a matter or urgency the supervisory authorities of that Member State of their decision on any reorganisation measure, where possible before the adoption of such a measure and failing that immediately thereafter.The supervisory...