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Title III Supervision of Insurance and Reinsurance Undertakings in a Group (arts. 212-266)

Comparing proposed amendment...
Chapter I Group supervision: definitions, cases of application, scope and levels (arts. 212-217)
Section 1 Definitions (art. 212)
Amended
Article 212 Definitions
Section 2 Cases of application and scope (arts. 213-214)
Amended
Article 213 Cases of application of group supervision
Amended
Article 214 Scope of group supervision
Section 3 Levels (arts. 215-217)
Amended
Article 215 Ultimate parent undertaking at Community level
Amended
Article 216 Ultimate parent undertaking at national level
Amended
Article 217 Parent undertaking covering several Member States
Chapter II Financial position (arts. 218-246)
Section 1 Group solvency (arts. 218-243)
Subsection 1 General provisions (arts. 218-219)
Entered into force
Article 218 Supervision of group solvency
Amended
Article 219 Frequency of calculation
Subsection 2 Choice of calculation method and general principles (arts. 220-224)
Entered into force
Article 220 Choice of method
Entered into force
Article 221 Inclusion of proportional share
Entered into force
Article 222 Elimination of double use of eligible own funds
Entered into force
Article 223 Elimination of the intra-group creation of capital
Entered into force
Article 224 Valuation
Subsection 3 Application of the calculation methods (arts. 225-229)
Entered into force
Article 225 Related insurance and reinsurance undertakings
Amended
Article 226 Intermediate insurance holding companies
Amended
Article 227 Equivalence concerning related third-country insurance and re-insurance undertakings
Entered into force
Article 228 Related credit institutions, investment firms and financial institutions
Entered into force
Article 229 Non-availability of the necessary information
Subsection 4 Calculation methods (arts. 230-234)
Entered into force
Article 230 Method 1 (Default method): Accounting consolidation-based method
Amended
Article 231 Group internal model
Amended
Article 232 Group capital add-on
Amended
Article 233 Method 2 (Alternative method): Deduction and aggregation method
Amended
Article 234 Delegated acts concerning Articles 220 to 229 and 230 to 233
Subsection 5 Supervision of group solvency for insurance and reinsurance undertakings that are subsidiaries of an insurance holding company (art. 235)
Amended
Article 235 Group solvency of an insurance holding company or a mixed financial holding company
Subsection 6 Supervision of group solvency for groups with centralised risk management (arts. 236-243)
Entered into force
Article 236 Subsidiaries of an insurance or reinsurance undertaking: conditions
Amended
Article 237 Subsidiaries of an insurance or reinsurance undertaking: decision on the application
Amended
Article 238 Subsidiaries of an insurance or reinsurance undertaking: determination of the Solvency Capital Requirement
Amended
Article 239 Subsidiaries of an insurance or reinsurance undertaking: non-compliance with the Solvency and Minimum Capital Requirements
Entered into force
Article 240 Subsidiaries of an insurance or reinsurance undertaking: end of derogations for a subsidiary
Amended
Article 241 Subsidiaries of an insurance or reinsurance undertaking: delegated acts
Amended
Article 242 Review
Amended
Article 243 Subsidiaries of an insurance holding company and mixed financial holding company
Section 2 Risk concentration and intra-group transactions (arts. 244-245)
Amended
Article 244 Supervision of risk concentration
Amended
Article 245 Supervision of intra-group transactions
Section 3 Risk management and internal control (art. 246)
Amended
Article 246 Supervision of the system of governance
Chapter III Measures to facilitate group supervision (arts. 247-259)
Amended
Article 247 Group Supervisor
Amended
Article 248 Rights and duties of the group supervisor and the other supervisors College of supervisors
Amended
Article 249 Cooperation and exchange of information between supervisory authorities
Amended
Article 250 Consultation between supervisory authorities
Entered into force
Article 251 Requests from the group supervisor to other supervisory authorities
Entered into force
Article 252 Cooperation with authorities responsible for credit institutions and investment firms
Entered into force
Article 253 Professional secrecy and confidentiality
Amended
Article 254 Access to information
Amended
Article 255 Verification of information
Amended
Article 256 Group solvency and financial condition report
Inserted
Article 256a Group structure
Amended
Article 257 Administrative, management or supervisory body of insurance holding companies and mixed financial holding companies
Amended
Article 258 Enforcement measures
Amended
Article 259 Reporting of EIOPA
Chapter IV Third countries (arts. 260-264)
Amended
Article 260 Parent undertakings outside the Union: verification of equivalence
Entered into force
Article 261 Parent undertakings outside the Community: equivalence
Amended
Article 262 Parent undertakings registered in a third country: absence of equivalence
Amended
Article 263 Parent undertakings outside the Community: levels
Entered into force
Article 264 Cooperation with third-country supervisory authorities
Chapter V Mixed-activity insurance holding companies (arts. 265-266)
Entered into force
Article 265 Intra-group transactions
Entered into force
Article 266 Cooperation with third countries