(15)This Directive should clarify the powers and means of supervision vested in the competent authorities. The competent authorities of the reinsurance undertaking's home Member State should be responsible for monitoring the financial health of reinsurance undertakings, including their state of solvency, the establishment of adequate technical provisions and equalisation reserves and the covering of those provisions and reserves by quality assets.
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New version applies from 21/09/2007 — introduced by Directive 2007/44/EC.
114 provisions change.
Later versions: 21/03/2008, 01/07/2013.
Recital 15 changes in this version: compare with the current text.