Reinsurance undertakings are to limit their objects to the business of reinsurance and related operations. This requirement may allow a reinsurance undertaking to carry on, for instance, activities, such as provision of statistical or actuarial advice, risk analysis or research for its clients. It may also include a holding company function and activities with respect to financial sector activities within the meaning of Article 2, point 8, of Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate ( 8 ) .). In any case, this requirement does not allow the carrying on of unrelated banking and financial activities.
◷
New version applies from 21/03/2008 — introduced by Directive 2008/37/EC.
46 provisions change.
Later versions: 01/07/2013.
Recital 14 changes in this version: compare with the current text.