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Article 176 - Information from Member States to the Commission and EIOPA

Comparing 23/05/2014 → 31/03/2015: 0 added, 0 removed, 2 changed Close comparison

The supervisory authorities of the Member States shall inform the CommissionCommission, EIOPA and the supervisory authorities of the other Member States of any authorisation of a direct or indirect subsidiary, one or more of whose parent undertakings are governed by the lawslaw of a third country.

That information shall also contain an indication of the structure of the group concerned.

Where an undertaking governed by the law of a third country acquires a holding in an insurance or reinsurance undertaking authorised in the CommunityUnion which would turn that insurance or reinsurance undertaking into a subsidiary of that third country undertaking, the supervisory authorities of the home Member State shall inform the CommissionCommission, EIOPA and the supervisory authorities of the other Member States.

Official text · consolidated version 31/03/2015 (no longer in force) Open full page ↗
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