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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2016 - onwards
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Regulation 32 Conditions for carrying on insurance business by way of services into another Member State.

Revoked from 1 January 2016

(1) An insurance undertaking established in the State which intends to carry on business by way of services for the first time in one or more other Member States shall send a notification to the Bank indicating the nature of the risks which the insurance undertaking proposes to cover.

(2) The Bank shall, within one month of the notification provided for in sub-article (1) of this Article, furnish the following information to the supervisory authorities of the Member State or Member States within the territories of which the insurance undertaking intends to carry on insurance business by way of services:

(a) a certificate if such be the case attesting that the insurance undertaking possesses the minimum solvency margin in accordance with Annex II to these Regulations;

(b) the classes of insurance which the insurance undertaking has been authorised to offer, and

(c) the nature of the risks which the insurance undertaking proposes to cover in the Member State or Member States within

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