What changes on 01/05/2004

The text in force from 19/12/2002 compared with the text from 01/05/2004, which includes the changes made by Council Directive 2004/66/EC.

Read the act as of 01/05/2004 · other versions: 13/04/2005 · 10/12/2005 · 01/01/2007 · 21/09/2007 · 20/03/2008 · 01/07/2013 · 01/01/2016

Title I

• amended Article 1 - Definitions
• amended Article 2 - Scope
• amended Article 3 - Activities and bodies excluded

Title II

• amended Article 4 - Principle of authorisation
• amended Article 5 - Scope of authorisation
• amended Article 6 - Conditions for obtaining authorisation
• amended Article 7 - Scheme of operations
• amended Article 9 - Refusal of authorisation
• moved Article 8 - Shareholders and members with qualifying holdings from

Title III › Chapter 1

• amended Article 13 - Accounting, prudential and statistical information: supervisory powers
• amended Article 14 - Transfer of portfolio
• amended Article 15 - Qualifying holdings
• amended Article 16 - Professional secrecy
• amended Article 17 - Duties of auditors
• amended Article 18 - Pursuit of life assurance and non-life insurance activities
• amended Article 19 - Separation of life assurance and non-life insurance management
• moved Article 10 - Competent authorities and object of supervision from
• moved Article 11 - Supervision of branches established in another Member State from
• moved Article 12 - Prohibition on compulsory ceding of part of underwriting from

Title III › Chapter 2

• amended Article 20 - Establishment of technical provisions
• amended Article 23 - Categories of authorised assets
• amended Article 24 - Rules for investment diversification
• amended Article 26 - Matching rules
• moved Article 21 - Premiums for new business from
• moved Article 22 - Assets covering technical provisions from
• moved Article 25 - Contracts linked to UCITS or share index from

Title III › Chapter 3

• amended Article 27 - Available solvency margin
• amended Article 28 - Required solvency margin
• amended Article 29 - Guarantee fund
• amended Article 30 - Review of the amount of the guarantee fund
• amended Article 31 - Assets not used to cover technical provisions

Title III › Chapter 4

• amended Article 32 - Law applicable
• amended Article 35 - Cancellation period
• amended Article 36 - Information for policy holders
• moved Article 33 - General good from
• moved Article 34 - Rules relating to conditions of assurance and scales of premiums from

Title III › Chapter 5

• amended Article 37 - Assurance undertakings in difficulty
• amended Article 38 - Financial recovery plan
• amended Article 39 - Withdrawal of authorisation

Title IV

• amended Article 40 - Conditions for branch establishment
• amended Article 42 - Freedom to provide services: notification by the home Member State
• amended Article 50 - Taxes on premiums
• moved Article 41 - Freedom to provide services: prior notification to the home Member State from
• moved Article 43 - Freedom to provide services: changes in the nature of commitments from
• moved Article 44 - Language from
• moved Article 45 - Rules relating to conditions of assurance and scales of premiums from
• moved Article 46 - Assurance undertakings not complying with the legal provisions from
• moved Article 47 - Advertising from
• moved Article 48 - Winding-up from
• moved Article 49 - Statistical information on cross-border activities from

Title V

• amended Article 51 - Principles and conditions of authorisation
• amended Article 52 - Rules applicable to branches of third-country undertakings
• amended Article 53 - Transfer of portfolio
• amended Article 55 - Solvency margin and guarantee fund
• amended Article 56 - Advantages to undertakings authorised in more than one Member State
• amended Article 57 - Agreements with third countries
• moved Article 54 - Technical provisions from

Title VI

• amended Article 58 - Information from Member States to the Commission
• amended Article 59 - Third-country treatment of Community assurance undertakings

Title VII

• amended Article 60 - Derogations and abolition of restrictive measures
• amended Article 61 - Proof of good repute

Outside any heading

• amended Recital 1
• amended Recital 2
• amended Recital 3
• amended Recital 4
• amended Recital 5
• amended Recital 6
• amended Recital 7
• amended Recital 8
• amended Recital 9
• amended Recital 10
• amended Recital 11
• amended Recital 12
• amended Recital 13
• amended Recital 14
• amended Recital 15
• amended Recital 16
• amended Recital 17
• amended Recital 18
• amended Recital 19
• amended Recital 20
• amended Recital 21
• amended Recital 22
• amended Recital 23
• amended Recital 24
• amended Recital 25
• amended Recital 26
• amended Recital 27
• amended Recital 28
• amended Recital 29
• amended Recital 30
• amended Recital 31
• amended Recital 32
• amended Recital 33
• amended Recital 34
• amended Recital 35
• amended Recital 36
• amended Recital 37
• amended Recital 38
• amended Recital 39
• amended Recital 40
• amended Recital 41
• amended Recital 42
• amended Recital 43
• amended Recital 44
• amended Recital 45
• amended Recital 46
• amended Recital 47
• amended Recital 48
• amended Recital 49
• amended Recital 50
• amended Recital 51
• amended Recital 52
• amended Recital 53
• amended Recital 54
• amended Recital 55
• amended Recital 56
• amended Recital 57
• amended Recital 58
• amended Recital 59
• amended Recital 60
• amended Recital 61
• amended Recital 62
• amended Recital 63
• amended Recital 64
• amended Recital 65
• amended Preamble
• deleted Annex I last in force on the version of 19/12/2002
• deleted Annex II last in force on the version of 19/12/2002
• deleted Annex III last in force on the version of 19/12/2002
• deleted Annex IV last in force on the version of 19/12/2002
• deleted Annex V last in force on the version of 19/12/2002
• deleted Annex VI last in force on the version of 19/12/2002

Title VIII

• amended Article 64 - Technical adjustment
• amended Article 65 - Committee procedure
• amended Article 66 - Rights acquired by existing branches and assurance undertakings
• amended Article 69 - Implementation of new provisions
• amended Article 74 - Addressees
• moved Article 62 - Cooperation between the Member States and the Commission from
• moved Article 63 - Reports on the development of the market under the freedom to provide services from
• moved Article 67 - Right to apply to the courts from
• moved Article 68 - Review of amounts expressed in euro from
• moved Article 70 - Information to the Commission from
• moved Article 71 - Transitional period for Articles 3(6), 27, 28, 29, 30 and 38 from
• moved Article 72 - Repealed directives and their correlation with this Directive from
• moved Article 73 - Entry into force from