icon-grid
Better Regulation logo
Table of Contents

Table of Contents

Expand all headings Collapse all headings Expand side bar Collapse side bar
European Communities (Insurance and Reinsurance Groups Supplementary Supervision) Regulations, 2007 [S.I. No. 366 of 2007]Introductory TextPart 1 Preliminary Provisions (regs. 1-3)Regulation 1 Citation and commencement.Regulation 2 Object of these Regulations.Regulation 3 Interpretation.Part 2 Supplementary Supervision (regs. 4-14)Regulation 4 Certain insurers and reinsurers to be subject to supplementary supervision.Regulation 4A Level of application with regard to mixed financial holding companies.Regulation 5 Scope of supplementary supervision.Regulation 6 Responsibility for exercising supplementary supervision over insurers and reinsurers.Regulation 7 Insurers and reinsurers to maintain adequate internal control mechanisms.Regulation 8 Freedom of insurers, reinsurers and other undertakings to exchange information among themselves.Regulation 9 Insurers and reinsurers to provide Bank with information when required.Regulation 10 Co-operation between competent authorities.Regulation 11 Intra-group transactions.Regulation 12 Adjusted solvency requirement.Regulation 13 Certain insurers and reinsurers to provide Bank with result of Schedule 2 calculation.Regulation 14 Qualifications, reputation and experience of persons concerned in the direction or management of insurance holding companies.Part 3 Enforcement (regs. 15-19)Regulation 15 Enforcement of Bank directions.Regulation 16 Penalties for offences.Regulation 17 Continuing offences.Regulation 18 Offences committed by bodies corporate.Regulation 19 Trial of offences against these Regulations.Part 4 Miscellaneous Provisions (regs. 20-21)Regulation 20 Revocation and amendment of certain Regulations.Regulation 21 Transitional provision.Schedule 1 Calculation of the Adjusted Solvency of Insurers and ReinsurersSchedule 1, Part 1 Calculation Method And General PrinciplesSchedule 1, Part 2 Application of calculation methodsSchedule 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 underExplanatory Note
Page Overview
Document Overview
Tools
Set a date to view the document
Text comparison options
Full text - Date 1 vs Date 2
Amendments requiring commencement - Current text vs Text requiring commencement
Draft proposed changes - Current text vs Text proposed by drafting documents
Coming soon: Any documents - Any document vs Another document at any date
Print / Export options
Current page
Whole document
Selected pages
Consolidated PDF of the entire document as of 27th December 2024
Export
Export line by line
Export provision to provision
Report template
Create report template
Alert me to changes
Manage alerts
Bookmarks
This page
This document
Manage bookmarks
Search within this document
View previous searches
Share
Get page link
Share via email application
PreviousNext
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 June 2007 - onwards
Version 2 of 2

Regulation 19 Trial of offences against these Regulations.

(1) An offence against these Regulations is triable summarily.

(2) A prosecution for an offence under these Regulations may be brought only by the Bank.

PreviousNext