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Version date: 19 December 2012 - onwards
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Schedule 5, Part 5 Amendments of European Communities (Insurance and Reinsurance Groups Supplementary Supervision) Regulations 2007 (S.I. No. 366 of 2007)

Section 70.

Item

Provision affected

Amendment

(1)

(2)

(3)

1

Regulation 3(1)

Substitute the following for the definition of "authorised officer":

"‘authorised officer’ means an authorised officer appointed under Part 5 of the Central Bank Reform Act 2010;".

2

Regulation 9

(a) Substitute the following for paragraph (5):

"(5) If, in a particular case, the Bank wishes to verify information concerning an insurer or reinsurer located in another Member State and the insurer or reinsurer is an associate of an insurer or reinsurer that both holds an authorisation issued by the Bank and is subject to supplementary supervision, the Bank shall request the competent authority of that other Member State to have that verification carried out by that authority or an officer appointed by it.".

(b) In paragraph (7) insert "under Part 5 of the Central Bank Reform Act 2010" after "authorised officer".

 

Comparing proposed amendment...