Member States shall ensure that the administrative, management or supervisory body of the insurance or reinsurance undertaking has the ultimate responsibility for the compliance, by the undertaking concerned, with the laws, regulations and administrative provisions adopted pursuant to this Directive.
◷
New version applies from 30/01/2027 — introduced by Directive (EU) 2025/2.
131 provisions change.
Article 40 changes in this version: compare with the current text.
Article 40 - Responsibility of the administrative, management or supervisory body
Article 40
Responsibility of the administrative, management or supervisory body