|
|
| | Introductory Text |
| | Part 1 Preliminary (regs. 1-11) |
In force | Regulation 1 Citation and commencement |
In force | Regulation 2 Object of Regulations |
In force | Regulation 3 Interpretation |
In force | Regulation 4 Exclusion of small undertakings |
In force | Regulation 5 Exclusion of mutual undertakings |
In force | Regulation 6 Exclusions: insurance forming part of social security system |
In force | Regulation 7 Exclusions: non-life operations |
In force | Regulation 8 Exclusions: assistance activity |
In force | Regulation 9 Exclusions: life operations and organisations |
In force | Regulation 10 Exclusions: reinsurance |
In force | Regulation 11 Insurance and reinsurance undertakings closing their activity |
| | Part 2 Authorisation (regs. 12-26) |
In force | Regulation 12 Prohibition against carrying on insurance etc. without authorisation |
In force | Regulation 13 Deemed authorisation for existing undertakings |
In force | Regulation 13A Conditions for application of Regulation 13B |
In force | Regulation 13B Regulations applicable to a person to whom Regulation 13A applies |
In force | Regulation 14 Authorisation |
In force | Regulation 15 Scope of authorisation |
In force | Regulation 16 Ancillary risks |
In force | Regulation 17 Conditions for authorisation |
In force | Regulation 18 Close links |
In force | Regulation 19 Policy conditions and scales of premiums |
In force | Regulation 20 Economic requirements of the market |
In force | Regulation 21 Scheme of operations |
In force | Regulation 22 Shareholders and members with qualifying holdings |
In force | Regulation 23 Prior consultation with authorities of other Member States |
In force | Regulation 24 Decision on application for authorisation |
In force | Regulation 25 Notification of authorisation to EIOPA |
In force | Regulation 26 Power to impose conditions |
| | Part 3 Supervision (regs. 27-42) |
In force | Regulation 27 Main objective of supervision |
In force | Regulation 28 Financial stability and pro-cyclicality |
In force | Regulation 29 General principles of supervision |
In force | Regulation 30 Scope of supervision |
In force | Regulation 31 Transparency and accountability |
In force | Regulation 32 Prohibition of refusal of reinsurance and retrocession contracts |
In force | Regulation 33 Supervision of branches established in another Member State |
In force | Regulation 34 Information to be provided for supervisory purposes |
In force | Regulation 35 Annual and quarterly information etc.: transitional deadlines |
In force | Regulation 36 Directors' accuracy certificates |
In force | Regulation 37 Auditor's report |
In force | Regulation 38 Supervisory review process |
In force | Regulation 39 Capital add-on |
In force | Regulation 40 Supervision of outsourced functions and activities |
In force | Regulation 41 Transfer of insurance portfolio |
In force | Regulation 42 Transfer of portfolio by reinsurance undertaking |
| | Part 4 Conditions governing business (regs. 43-75) |
| | Chapter 1 Responsibilities of board of directors (reg. 43) |
In force | Regulation 43 Responsibility of board of directors |
| | Chapter 2 System of governance (regs. 44-51) |
In force | Regulation 44 General governance requirements |
In force | Regulation 45 Fit and proper requirements |
In force | Regulation 46 Risk management |
In force | Regulation 47 Own risk and solvency assessment |
In force | Regulation 48 Internal control |
In force | Regulation 49 Internal audit |
In force | Regulation 50 Actuarial function |
In force | Regulation 51 Outsourcing |
| | Chapter 3 Public disclosure (regs. 52-58) |
In force | Regulation 52 Report on solvency and financial condition: contents |
In force | Regulation 53 Report on solvency and financial condition: transitional deadlines |
In force | Regulation 54 Information for EIOPA |
In force | Regulation 55 Report on solvency and financial condition: applicable principles |
In force | Regulation 56 Report on solvency and financial condition: updates and additional voluntary information |
In force | Regulation 57 Report on solvency and financial condition: policy and approval |
In force | Regulation 58 Annual reports |
| | Chapter 4 Qualifying holdings (regs. 59-75) |
In force | Regulation 59 Interpretation |
In force | Regulation 60 Acquisitions |
In force | Regulation 61 Disposals |
In force | Regulation 62 Insurance and reinsurance undertakings to provide information on certain acquisitions and disposals |
In force | Regulation 63 Period for assessment of proposed acquisition |
In force | Regulation 64 Assessment of proposed acquisitions |
In force | Regulation 65 Bank to co-operate with other authorities |
In force | Regulation 66 Bank may fix period for completion of acquisition |
In force | Regulation 67 Notice of Bank's decision |
In force | Regulation 68 Bank may oppose certain acquisitions |
In force | Regulation 69 Decision to oppose proposed acquisition to be appealable |
In force | Regulation 70 Circumstances in which proposed acquisition may not be completed |
In force | Regulation 71 Effect of Companies Act 2014 |
In force | Regulation 72 Insurance and reinsurance undertakings to provide information about shareholdings etc |
In force | Regulation 73 Power of Court to make certain orders |
In force | Regulation 74 Determination of voting rights for certain purposes |
In force | Regulation 75 Notifications submitted before 1 January 2016 |
| | Part 5 Exchange of information and promotion of supervisory convergence (regs. 76-77) |
In force | Regulation 76 Co-operation with EIOPA |
In force | Regulation 77 Exchange of information with other authorities |
| | Part 6 Duties of auditors (reg. 78) |
In force | Regulation 78 Duties of auditors |
| | Part 7 Pursuit of life and non-life activity (regs. 79-81) |
In force | Regulation 79 Pursuit of life and non-life insurance activity |
In force | Regulation 80 Separation of life and non-life insurance management |
In force | Regulation 81 Linked life insurance and non-life insurance undertakings |
| | Part 8 Valuation of assets and liabilities, technical provisions, own funds, solvency capital requirement, minimum capital requirement and investment rules (regs. 82-140) |
| | Chapter 1 Valuation of assets and liabilities (reg. 82) |
In force | Regulation 82 Valuation of assets and liabilities |
| | Chapter 2 Technical provisions (regs. 83-101) |
In force | Regulation 83 General provisions |
In force | Regulation 84 Calculation of technical provisions |
In force | Regulation 85 Extrapolation of relevant risk-free interest rate term structure |
In force | Regulation 86 Matching adjustment to relevant risk-free interest rate term structure |
In force | Regulation 87 Calculation of matching adjustment |
In force | Regulation 88 Volatility adjustment to relevant risk-free interest rate term structure |
In force | Regulation 89 Technical information produced by EIOPA |
In force | Regulation 90 Review of long-term guarantee measures and measures on equity risk |
In force | Regulation 91 Other elements to be taken into account in calculation of technical provisions |
In force | Regulation 92 Valuation of financial guarantees and contractual options included in insurance and reinsurance contracts |
In force | Regulation 93 Segmentation |
In force | Regulation 94 Recoverables from reinsurance contracts and special purpose vehicles |
In force | Regulation 95 Data quality and application of approximations, including case-by-case approaches, for technical provisions |
In force | Regulation 96 Comparison against experience |
In force | Regulation 97 Appropriateness of level of technical provisions |
In force | Regulation 98 Increase of technical provisions |
In force | Regulation 99 Transitional measure on risk-free interest rates |
In force | Regulation 100 Transitional deduction |
In force | Regulation 101 Phasing-in plan on transitional measures |
| | Chapter 3 Own funds (regs. 102-112) |
| | Determination of own funds (regs. 102-106) |
In force | Regulation 102 Own funds |
In force | Regulation 103 Basic own funds |
In force | Regulation 104 Ancillary own funds |
In force | Regulation 105 Supervisory approval of ancillary own funds |
In force | Regulaion 106 Surplus funds |
| | Classification of own funds (regs. 107-111) |
In force | Regulation 107 Characteristics and features used to classify own funds into tiers |
In force | Regulation 108 Main criteria for classification into tiers |
In force | Regulation 109 Transitional provision for own funds |
In force | Regulation 110 Classification of own funds into tiers |
In force | Regulation 111 Classification of specific insurance own-fund items |
| | Eligibility of own funds (reg. 112) |
In force | Regulation 112 Eligibility and limits applicable to Tiers 1, 2 and 3 |
| | Chapter 4 Solvency Capital Requirement (regs. 113-138) |
| | General provisions (regs. 113-115) |
In force | Regulation 113 General |
In force | Regulation 114 Calculation of Solvency Capital Requirement |
In force | Regulation 115 Frequency of calculation etc |
| | Standard formula (regs. 116-124) |
In force | Regulation 116 Structure of standard formula |
In force | Regulation 117 Design of Basic Solvency Capital Requirement |
In force | Regulation 118 Transitional provisions on standard parameters |
In force | Regulation 119 Calculation of Basic Solvency Capital Requirement |
In force | Regulation 120 Calculation of equity risk sub-module: symmetric adjustment mechanism |
In force | Regualtion 121 Capital requirement for operational risk |
In force | Regulation 122 Adjustment for loss-absorbing capacity of technical provisions and deferred taxes |
In force | Regulation 123 Simplifications in standard formula |
In force | Regulation 124 Significant deviations from assumptions underlying standard formula calculation |
| | Internal model (regs. 125-138) |
In force | Regulation 125 General provisions for approval of full and partial internal models |
In force | Regulation 126 Specific provisions for approval of partial internal models |
In force | Regulation 127 Policy for changing full and partial internal models |
In force | Regulation 128 Responsibilities of board of directors |
In force | Regulation 129 Reversion to standard formula |
In force | Regulation 130 Non-compliance |
In force | Regulation 131 Significant deviations from assumptions underlying standard formula calculation |
In force | Regulation 132 Use test |
In force | Regulation 133 Statistical quality standards |
In force | Regulation 134 Calibration standards |
In force | Regulation 135 Profit and loss attribution |
In force | Regulation 136 Validation standards |
In force | Regulation 137 Documentation standards |
In force | Regulation 138 External models and data |
| | Chapter 5 Minimum Capital Requirement (regs. 139-140) |
In force | Regulation 139 General provisions |
In force | Regulation 140 Calculation of Minimum Capital Requirement |
| | Part 9 Investments (regs. 141-143) |
In force | Regulation 141 Prudent person principle |
In force | Regulation 142 Limits on freedom of investment |
In force | Regulation 143 Investment in tradable securities or other financial instruments based on repackaged loans |
| | Part 10 Undertakings in Difficulty or in Irregular Situation (regs. 144-153) |
In force | Regulation 144 Identification and notification of deteriorating financial conditions by undertaking |
In force | Regulation 145 Non-compliance with technical provisions |
In force | Regulation 146 Non-compliance with Solvency Capital Requirement |
In force | Regulation 147 Derogation from non-compliance with Solvency Capital Requirement |
In force | Regulation 148 Non-compliance with Minimum Capital Requirement |
In force | Regulation 149 Transitional arrangements regarding compliance with Minimum CapitalRequirement |
In force | Regulation 150 Prohibition of free disposal of assets located within the State |
In force | Regulation 151 Supervisory powers in deteriorating financial conditions |
In force | Regulation 152 Recovery plan and finance scheme |
In force | Regulation 153 Withdrawal of authorisation |
| | Part 11 Right of establishment and freedom to provide services (regs. 154-175) |
| | Chapter 1 Establishment by insurance undertakings (regs. 154-159) |
In force | Regulation 154 Branch establishment in another Member State |
In force | Regulation 155 Communication of information to other Member State |
In force | Regulation 156 Change of particulars where the State is home Member State |
In force | Regulation 157 Branch establishment in the State |
In force | Regulation 158 Change of particulars where the State is host Member State |
In force | Regulation 159 Rights acquired by existing branches |
| | Chapter 2 Freedom of insurance undertakings to provide services (regs. 160-164) |
| | General (regs. 160-163) |
In force | Regulation 160 Prior notification of intention to do business in another Member State |
In force | Regulation 161 Changes in nature of risks or commitments |
In force | Regulation 162 Carrying on business in the State |
In force | Regulation 163 Rights acquired by existing insurance undertakings |
| | Third party motor vehicle liability (reg. 164) |
In force | Regulation 164 Compulsory insurance on third party motor vehicle liability |
| | Chapter 2A Notification and collaboration platforms (regs. 164A-164B) |
In force | Regulation 164A Notification |
In force | Regulation 164B Collaboration platforms |
| | Chapter 3 Competencies of supervisory authorities of host Member State (regs. 165-172) |
| | Insurance (regs. 165-170) |
In force | Regulation 165 Language |
In force | Regulation 166 Prior notification and prior approval |
In force | Regulation 167 Non-compliant insurance undertakings authorised in another Member State |
In force | Regulation 168 Non-compliant insurance undertakings authorised by Bank |
In force | Regulation 169 Advertising |
In force | Regulation 170 Taxes on premiums |
| | Reinsurance (regs. 171-172) |
In force | Regulation 171 Non-compliant reinsurance undertakings authorised in another Member State |
In force | Regulation 172 Non-compliance by reinsurance undertaking authorised by Bank |
| | Chapter 4 Statistical information (reg. 173) |
In force | Regulation 173 Statistical information on cross-border activities |
| | Chapter 5 Winding-up proceedings (regs. 174-175) |
In force | Regulation 174 Winding-up of insurance undertakings |
In force | Regulation 175 Winding-up of reinsurance undertakings |
| | Part 12 Branches of undertakings established outside European Union (regs. 176-188) |
| | Chapter 1 Taking up of business (regs. 176-184) |
In force | Regulation 176 Principle of authorisation and conditions |
In force | Regulation 177 Scheme of operations of branch |
In force | Regulation 178 Transfer of portfolio |
In force | Regulation 179 Technical provisions |
In force | Regulation 180 Solvency Capital Requirement and Minimum Capital Requirement |
In force | Regulation 181 Advantages to undertakings authorised in more than one Member State |
In force | Regulation 182 Accounting, prudential and statistical information and undertakings in difficulty |
In force | Regulation 183 Separation of non-life and life business |
In force | Regulation 184 Withdrawal of authorisation for undertakings authorised in more than one Member State |
| | Chapter 2 Reinsurance (regs. 185-186) |
In force | Regulation 185 Equivalence |
In force | Regulation 186 Principle and conditions for conducting reinsurance activity |
| | Chapter 3 Subsidiaries (regs. 187-188) |
In force | Regulation 187 Information from Member States to Commission and EIOPA |
In force | Regulation 188 Third-country treatment of Community insurance and reinsurance undertakings |
| | Part 13 Applicable law and conditions of direct insurance contracts (regs. 189-194) |
| | Chapter 1 Compulsory insurance (reg. 189) |
In force | Regulatiion 189 Related obligations |
| | Chapter 2 Conditions of insurance contracts and scales of premiums (regs. 190-191) |
In force | Regulation 190 Non-life insurance |
In force | Regulation 191 Life insurance |
| | Chapter 3 Information for policy holders (regs. 192-194) |
| | Non-life insurance (regs. 192-193) |
In force | Regulation 192 General information for policy holders |
In force | Regulation 193 Additional information in case of non-life insurance offered under right of establishment or freedom to provide services |
| | Life insurance (reg. 194) |
In force | Regulation 194 Cancellation period |
| | Part 14 Provisions specific to non-life insurance (regs. 195-211) |
| | Chapter 1 General provision (reg. 195) |
In force | Regulation 195 Policy conditions |
| | Chapter 2 Community co-insurance (reg. 196-203) |
In force | Regulation 196 Community co-insurance operations |
In force | Regulation 197 Rules that are to apply only to leading insurance undertaking |
In force | Regulation 198 Participation in Community co-insurance |
In force | Regulation 199 Technical provisions |
In force | Regulation 200 Statistical data |
In force | Regulation 201 Treatment of co-insurance contracts in winding-up proceedings |
In force | Regulation 202 Exchange of information between supervisory authorities |
In force | Regulation 203 Co-operation on implementation |
| | Chapter 3 Legal expenses insurance (regs. 204-210) |
In force | Regulation 204 Scope of Chapter |
In force | Regulation 205 Separate contracts |
In force | Regulation 206 Management of claims |
In force | Regulation 207 Free choice of lawyer |
In force | Regulation 208 Exception to free choice of lawyer |
In force | Regulation 209 Arbitration |
In force | Regulation 210 Conflict of interest |
| | Chapter 4 Health insurance (reg. 211) |
In force | Regulation 211 Health insurance as an alternative to social security |
| | Part 15 Provisions specific to life insurance (reg. 212) |
In force | Regulation 212 Premiums for new business |
| | Part 16 Provisions specific to reinsurance (regs. 213-214) |
In force | Regulation 213 Finite reinsurance |
In force | Regulation 214 Special purpose vehicles |
| | Part 17 Supervision of insurance and reinsurance undertakings in a group (regs. 215-268) |
| | Chapter 1 Definitions and scope (regs. 215-220) |
In force | Regulation 215 Definitions |
In force | Regulation 216 Cases of application of group supervision |
In force | Regulation 217 Scope of group supervision |
In force | Regulation 218 Ultimate parent undertaking at EU level |
In force | Regulation 219 Ultimate parent undertaking at national level |
In force | Regulation 220 Parent undertaking covering several Member States |
| | Chapter 2 Financial position (regs. 221-247) |
| | Group solvency (regs. 221-244) |
In force | Regulation 221 Supervision of group solvency |
In force | Regulation 222 Frequency of calculation |
In force | Regulation 223 Choice of method of calculation |
In force | Regulation 224 Inclusion of proportional share |
In force | Regulation 225 Elimination of double use of eligible own funds |
In force | Regulation 226 Elimination of the intra-group creation of capital |
In force | Regulation 227 Valuation |
In force | Regulation 228 Related insurance undertakings and reinsurance undertakings |
In force | Regulation 229 Intermediate insurance holding companies |
In force | Regulation 230 Equivalence concerning related third-country insurance undertakings and reinsurance undertakings |
In force | Regulation 231 Related credit institutions, investment firms and financial institutions |
Entered into force | Regulation 232 Non-availability of necessary information |
In force | Regulation 233 Calculation method 1 (default method): accounting consolidation-based method |
In force | Regulation 234 Group internal model |
In force | Regulation 235 Transitional measure on partial internal group model |
In force | Regulation 236 Group capital add-on |
In force | Regulation 237 Calculation method 2 (alternative method): deduction and aggregation method |
In force | Regulation 238 Group solvency of insurance holding company or mixed financial holding company |
In force | Regulaion 239 Subsidiaries of insurance or reinsurance undertaking: conditions |
In force | Regulation 240 Subsidiaries of insurance or reinsurance undertaking: decision on application |
In force | Regulation 241 Subsidiaries of insurance or reinsurance undertaking: determination of Solvency Capital Requirement |
In force | Regulation 242 Subsidiaries of an insurance or reinsurance undertaking: non-compliance with the Solvency and Minimum Capital Requirements |
In force | Regulation 243 Subsidiaries of insurance or reinsurance undertaking: end of derogations for subsidiary |
In force | Regulation 244 Subsidiaries of an insurance holding company or mixed financial holding company |
| | Risk concentration and intra-group transactions (regs. 245-246) |
In force | Regulation 245 Supervision of risk concentration |
In force | Regulation 246 Supervision of intra-group transactions |
| | Risk management and internal control (reg. 247) |
In force | Regulation 247 Supervision of system of governance |
| | Chapter 3 Measures to facilitate group supervision (regs. 248-263) |
In force | Regulation 248 Group supervisor |
In force | Regulation 249 Rights and duties of group supervisor and other supervisors |
In force | Regulation 250 Co-operation and exchange of information between supervisory authorities |
In force | Regulation 251 Consultation between supervisory authorities |
In force | Regulation 252 Requests from group supervisor to other supervisory authorities |
In force | Regulation 253 Co-operation with authorities responsible for credit institutions and investment firms |
In force | Regulation 254 Professional secrecy and confidentiality |
In force | Regulation 255 Access to information |
In force | Regulation 256 Annual and quarterly information: transitional deadlines |
In force | Regulation 257 Verification of information |
In force | Regulation 258 Group solvency and financial condition report |
In force | Regulation 259 Group solvency and financial condition report: transitional deadlines |
In force | Regulation 260 Group structure |
In force | Regulation 261 Persons running insurance holding companies and mixed financial holding companies to be fit and proper |
In force | Regulation 262 Qualifications, reputation and experience of persons running insurance holding companies and mixed financial holding companies |
In force | Regulation 263 Enforcement measures |
| | Chapter 4 Third countries (regs. 264-267) |
In force | Regulation 264 Parent undertakings outside EU: verification of equivalence |
In force | Regulation 265 Parent undertakings outside EU: equivalence |
In force | Regulation 266 Parent undertakings outside EU: absence of equivalence |
In force | Regulation 267 Parent undertakings outside EU: levels |
| | Chapter 5 Mixed-activity insurance holding companies (reg. 268) |
In force | Regulation 268 Intra-group transactions |
| | Part 18 Reorganisation and winding-up of insurance undertakings (regs. 269-299) |
| | Chapter 1 Scope and definitions (regs. 269-270) |
In force | Regulation 269 Scope of Part |
In force | Regulation 270 Definitions |
| | Chapter 2 Reorganisation measures (regs. 271-274) |
In force | Regulation 271 Adoption of reorganisation measures - applicable law |
In force | Regulation 272 Information to supervisory authorities |
In force | Regulation 273 Publication of decisions on reorganisation measures |
In force | Regulation 274 Information to known creditors - right to lodge claims |
| | Chapter 3 Winding-up proceedings (regs. 275-284) |
In force | Regulation 275 Commencement of winding-up proceedings |
In force | Regulation 276 Information to supervisory authorities |
In force | Regulation 277 Treatment of insurance claims |
In force | Regulation 278 Provisions supplementary to Regulation 277 |
In force | Regulation 279 Withdrawal of authorisation |
In force | Regulation 280 Publication of decisions on winding-up proceedings |
In force | Regulation 281 Information to known creditors |
In force | Regulation 282 Right to lodge claims |
In force | Regulation 283 Languages and form |
In force | Regulation 284 Regular information to creditors |
| | Chapter 4 Common provisions (regs. 285-299) |
In force | Regulation 285 Effects on certain contracts and rights |
In force | Regulation 286 Rights in rem of third parties |
In force | Regulation 287 Reservation of title |
In force | Regulation 288 Set-off |
In force | Regulation 289 Regulated markets |
In force | Regulation 290 Regulations 286 to 289: savings |
In force | Regulation 291 Detrimental acts |
In force | Regulation 292 Protection of third-party purchasers |
In force | Regulation 293 Lawsuits pending |
In force | Regulation 294 Administrators and liquidators: proof of appointment |
In force | Regulation 295 Administrators and liquidators: exercise of powers in other Member States |
In force | Regulation 296 Administrators and liquidators: exercise of powers in the State |
In force | Regulation 297 Registration in public register |
In force | Regulation 298 Professional secrecy |
In force | Regulation 299 Treatment of branches of third-country insurance undertakings |
| | Part 19 Other provisions (regs. 300-318) |
| | Chapter 1 Offences (regs. 300-306) |
In force | Regulation 300 Offence of making false or misleading application for authorisation |
In force | Regulation 301 Advertising offence |
In force | Regulation 302 Offence of providing false or misleading information |
In force | Regulation 303 Liability of officers of undertaking for offences committed by undertaking |
In force | Regulation 304 Summary proceedings |
In force | Regulation 305 Penalties for offences |
In force | Regulation 306 Continuing contravention |
| | Chapter 2 Co-operation, fees and notices (regs. 307-309) |
In force | Regulation 307 Co-operation between Member States and Commission |
In force | Regulation 308 Bank's power to charge fees |
In force | Regulation 309 Service of notice or other document by the Bank |
| | Chapter 3 Amendments (regs. 310-318) |
In force | Regulation 310 Insurance Act 1936 |
In force | Regulation 311 Amendments of Central Bank Act 1942 |
In force | Regulation 312 Amendment of Insurance Act 1964 |
In force | Regulation 313 Amendments of Insurance (No. 2) Act 1983 |
In force | Regulation 314 Amendments of Insurance Act 1989 |
In force | Regulation 315 Amendment of Central Bank Act 1997 |
In force | Regulation 316 Amendment of Companies Act 2014 |
In force | Regulation 317 Amendment of European Communities (Fourth Motor Insurance Directive) Regulations 2003 |
In force | Regulation 318 Transitional provisions |
| | Schedule 1 Classes of non-life insurance |
In force | Schedule 1, Part 1 Classes |
In force | Schedule 1, Part 2 Authorisations for more than one class of insurance |
In force | Schedule 2 Classes of life insurance |
| | Schedule 3 Solvency Capital Requirement (SCR) Standard Formula |
In force | Schedule 3, Part 1 Calculation of the Basic Solvency Capital Requirement |
In force | Schedule 3, Part 2 Calculation of the non-life underwriting risk module |
In force | Schedule 3, Part 3 Calculation of the life underwriting risk module |
In force | Schedule 3, Part 4 Calculation of the market risk module |
| | Given under |
