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2. Technical advice on delegated acts under Solvency II

Closed
30 January 2019

27.The Commission request refers to a wide range of aspects regarding system of governance of insurance undertakings which could be potentially affected by an amendment of the delegated acts under of Solvency II.

28.The relevant provisions of the Solvency II Directive are the following:

- Article 50(1)(a) and (b)

"The Commission shall adopt delegated acts in accordance with Article 301a to further specify the following:

(a) the elements of the systems referred to in Articles 41, 44, 46 and 47, and in particular the areas to be covered by the asset-liability management and investment policy, as referred to in Article 44(2), of insurance and reinsurance undertakings;

(b) the functions referred to in Articles 44, 46, 47 and 48."

- Article 135(1)(a) of the Solvency II Directive

"The Commission may adopt delegated acts in accordance with Article 301a specifying qualitative requirements in the following areas:

the identification, measurement, monitoring and managing of risks arising from inv

Comparing proposed amendment...
2.1 Organisational requirements
2.2 Operating conditions
2.3 Risk management