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New version applies from 30/01/2027 — introduced by Directive (EU) 2025/2. 131 provisions change. Article 229 changes in this version: compare with the current text.

Article 229 - Non-availability of the necessary information

Article 229
Non-availability of the necessary information

Where the information necessary for calculating the group solvency of an insurance or reinsurance undertaking, concerning a related undertaking with its head office in a Member State or a third country, is not available to the supervisory authorities concerned, the book value of that undertaking in the participating insurance or reinsurance undertaking shall be deducted from the own funds eligible for the group solvency.

In that case, the unrealised gains connected with such participation shall not be recognised as own funds eligible for the group solvency.

Official text · consolidated version 17/01/2025 (in force) Open full page ↗
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