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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2016 - onwards
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Regulation 154 Branch establishment in another Member State

(1) An insurance undertaking shall notify the Bank if it proposes to establish a branch within the territory of another Member State.

(2) The undertaking shall provide the following information when effecting the notification provided for in paragraph (1):

(a) the Member State which is to be the host Member State;

(b) a scheme of operations setting out, at least, the types of business envisaged and the structural organisation of the branch;

(c) the name of a person who possesses sufficient powers to bind, in relation to third parties, the insurance undertaking and to represent it in relations with the authorities and courts of the host Member State (in this Regulation and Regulation 155 referred to as "the authorised agent");

(d) the address in the host Member State from which documents may be obtained and to which they may be delivered, including all communications to the authorised agent.

(3) Where a non-life insurance undertaking intends its branch to cover risks classified under cl

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