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  1. European Communities (Insurance and Reinsurance Groups Supplementary Supervision) Regulations, 2007 [S.I. No. 366 of 2007]
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Published date: 31 May 2007

European Communities (Insurance and Reinsurance Groups Supplementary Supervision) Regulations, 2007 [S.I. No. 366 of 2007]

Consolidation Status: Updated to reflect all known changes
Comparing proposed amendment...
Introductory Text
Part 1 Preliminary Provisions (regs. 1-3)
In force
 Regulation 1 Citation and commencement.
In force
 Regulation 2 Object of these Regulations.
In force
 Regulation 3 Interpretation.
Part 2 Supplementary Supervision (regs. 4-14)
In force
 Regulation 4 Certain insurers and reinsurers to be subject to supplementary supervision.
In force
 Regulation 4A Level of application with regard to mixed financial holding companies.
In force
 Regulation 5 Scope of supplementary supervision.
In force
 Regulation 6 Responsibility for exercising supplementary supervision over insurers and reinsurers.
In force
 Regulation 7 Insurers and reinsurers to maintain adequate internal control mechanisms.
In force
 Regulation 8 Freedom of insurers, reinsurers and other undertakings to exchange information among themselves.
In force
 Regulation 9 Insurers and reinsurers to provide Bank with information when required.
In force
 Regulation 10 Co-operation between competent authorities.
In force
 Regulation 11 Intra-group transactions.
In force
 Regulation 12 Adjusted solvency requirement.
In force
 Regulation 13 Certain insurers and reinsurers to provide Bank with result of Schedule 2 calculation.
In force
 Regulation 14 Qualifications, reputation and experience of persons concerned in the direction or management of insurance holding companies.
Part 3 Enforcement (regs. 15-19)
In force
 Regulation 15 Enforcement of Bank directions.
In force
 Regulation 16 Penalties for offences.
In force
 Regulation 17 Continuing offences.
In force
 Regulation 18 Offences committed by bodies corporate.
In force
 Regulation 19 Trial of offences against these Regulations.
Part 4 Miscellaneous Provisions (regs. 20-21)
In force
 Regulation 20 Revocation and amendment of certain Regulations.
In force
 Regulation 21 Transitional provision.
Schedule 1 Calculation of the Adjusted Solvency of Insurers and Reinsurers
In force
 Schedule 1, Part 1 Calculation Method And General Principles
In force
 Schedule 1, Part 2 Application of calculation methods
In force
 Schedule 2 Supplementary supervision of insurers and reinsurers that are subsidiaries of an insurance holding company, a mixed financial holding company, a third country insurer, a third country reinsurer, an asset management company or an alternative investment fund manager.
Given under
Explanatory Note
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