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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2016 - onwards
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Annex II Supplementary Supervision for Insurance and Reinsurance Undertakings that are Subsidiaries of an Insurance Holding Company, a Mixed Financial Holding Company, a Non-Member Country Insurance Undertakings or a Non-Member Country Reinsurance Undertaking

Repealed from 1 January 2016

1. In the case of two or more insurance undertakings or reinsurance undertakings as referred to in Article 2(2) which are the subsidiaries of an insurance holding company, a mixed financial holding company, a non-member-country insurance undertaking or a non-member-country reinsurance undertaking and which are established in different Member States, the competent authorities shall ensure that the method described in this Annex is applied in a consistent manner.

The competent authorities shall exercise the supplementary supervision with the same frequency as that laid down by Directives 73/239/EEC, 91/674/EEC, 2002/83/EC and 2005/68/EC for calculating the solvency margin of insurance undertakings and reinsurance undertakings.

2. Member States may waive the calculation provided for in this Annex with regard to an insurance undertaking or a reinsurance undertaking:

- if that insurance undertaking or reinsurance undertaking is a related undertaking of another insurance undertaking or

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