What changes on 06/01/2010
The text in force from 05/11/2003 compared with the text from 06/01/2010.
462 inserted
0 amended
0 deleted
0 moved
Read the act as of 06/01/2010 · other versions: 12/01/2017 · 09/07/2018 · 13/01/2019 · 30/06/2021 · 19/10/2021 · 09/01/2024 · 17/01/2025 · 30/01/2027
Title I › Chapter I › Section 1
- inserted Article 1 - Subject matter
- inserted Article 2 - Scope
Title I › Chapter I › Section 2 › Subsection 1
- inserted Article 3 - Statutory systems
- inserted Article 4 - Exclusion from scope due to size
Title I › Chapter I › Section 2 › Subsection 2
- inserted Article 5 - Operations
- inserted Article 6 - Assistance
- inserted Article 7 - Mutual undertakings
- inserted Article 8 - Institutions
Title I › Chapter I › Section 2 › Subsection 3
- inserted Article 9 - Operations and activities
- inserted Article 10 - Organisations, undertakings and institutions
Title I › Chapter I › Section 2 › Subsection 4
- inserted Article 11 - Reinsurance
- inserted Article 12 - Reinsurance undertakings closing their activity
Title I › Chapter I › Section 3
- inserted Article 13 - Definitions
Title I › Chapter II
- inserted Article 14 - Principle of authorisation
- inserted Article 15 - Scope of authorisation
- inserted Article 16 - Ancillary risks
- inserted Article 17 - Legal form of the insurance or reinsurance undertaking
- inserted Article 18 - Conditions for authorisation
- inserted Article 19 - Close links
- inserted Article 20 - Head office of insurance undertakings and reinsurance undertakings
- inserted Article 21 - Policy conditions and scales of premiums
- inserted Article 22 - Economic requirements of the market
- inserted Article 23 - Scheme of operations
- inserted Article 24 - Shareholders and members with qualifying holdings
- inserted Article 25 - Refusal of authorisation
- inserted Article 26 - Prior consultation of the authorities of other Member States
Title I › Chapter III
- inserted Article 27 - Main objective of supervision
- inserted Article 28 - Financial stability and pro-cyclicality
- inserted Article 29 - General principles of supervision
- inserted Article 30 - Supervisory authorities and scope of supervision
- inserted Article 31 - Transparency and accountability
- inserted Article 32 - Prohibition of refusal of reinsurance contracts or retrocession contracts
- inserted Article 33 - Supervision of branches established in another Member State
- inserted Article 34 - General supervisory powers
- inserted Article 35 - Information to be provided for supervisory purposes
- inserted Article 36 - Supervisory review process
- inserted Article 37 - Capital add-on
- inserted Article 38 - Supervision of outsourced functions and activities
- inserted Article 39 - Transfer of portfolio
Title I › Chapter IV › Section 1
Title I › Chapter IV › Section 2
- inserted Article 41 - General governance requirements
- inserted Article 42 - Fit and proper requirements for persons who effectively run the undertaking or have other key functions
- inserted Article 43 - Proof of good repute
- inserted Article 44 - Risk management
- inserted Article 45 - Own risk and solvency assessment
- inserted Article 46 - Internal control
- inserted Article 47 - Internal audit
- inserted Article 48 - Actuarial function
- inserted Article 49 - Outsourcing
- inserted Article 50 - Implementing measures
Title I › Chapter IV › Section 3
- inserted Article 51 - Report on solvency and financial condition: contents
- inserted Article 52 - Information for and reports by CEIOPS
- inserted Article 53 - Report on solvency and financial condition: applicable principles
- inserted Article 54 - Report on solvency and financial condition: updates and additional voluntary information
- inserted Article 55 - Report on solvency and financial condition: policy and approval
- inserted Article 56 - Solvency and financial condition report: implementing measures
Title I › Chapter IV › Section 4
- inserted Article 57 - Acquisitions
- inserted Article 58 - Assessment period
- inserted Article 59 - Assessment
- inserted Article 60 - Acquisitions by regulated financial undertakings
- inserted Article 61 - Information to the supervisory authority by the insurance or reinsurance undertaking
- inserted Article 62 - Qualifying holdings, powers of the supervisory authority
- inserted Article 63 - Voting rights
Title I › Chapter IV › Section 5
- inserted Article 64 - Professional secrecy
- inserted Article 65 - Exchange of information between supervisory authorities of Member States
- inserted Article 66 - Cooperation agreements with third countries
- inserted Article 67 - Use of confidential information
- inserted Article 68 - Exchange of information with other authorities
- inserted Article 69 - Disclosure of information to government administrations responsible for financial legislation
- inserted Article 70 - Transmission of information to central banks and monetary authorities
- inserted Article 71 - Supervisory convergence
Title I › Chapter IV › Section 6
- inserted Article 72 - Duties of auditors
Title I › Chapter V
- inserted Article 73 - Pursuit of life and non-life insurance activity
- inserted Article 74 - Separation of life and non-life insurance management
Title I › Chapter VI › Section 1
Title I › Chapter VI › Section 2
- inserted Article 76 - General provisions
- inserted Article 77 - Calculation of technical provisions
- inserted Article 78 - Other elements to be taken into account in the calculation of technical provisions
- inserted Article 79 - Valuation of financial guarantees and contractual options included in insurance and reinsurance contracts
- inserted Article 80 - Segmentation
- inserted Article 81 - Recoverables from reinsurance contracts and special purpose vehicles
- inserted Article 82 - Data quality and application of approximations, including case-by-case approaches, for technical provisions
- inserted Article 83 - Comparison against experience
- inserted Article 84 - Appropriateness of the level of technical provisions
- inserted Article 85 - Increase of technical provisions
- inserted Article 86 - Implementing measures
Title I › Chapter VI › Section 3 › Subsection 1
- inserted Article 87 - Own funds
- inserted Article 88 - Basic own funds
- inserted Article 89 - Ancillary own funds
- inserted Article 90 - Supervisory approval of ancillary own funds
- inserted Article 91 - Surplus funds
- inserted Article 92 - Implementing measures
Title I › Chapter VI › Section 3 › Subsection 2
- inserted Article 93 - Characteristics and features used to classify own funds into tiers
- inserted Article 94 - Main criteria for the classification into tiers
- inserted Article 95 - Classification of own funds into tiers
- inserted Article 96 - Classification of specific insurance own-fund items
- inserted Article 97 - Implementing measures
Title I › Chapter VI › Section 3 › Subsection 3
- inserted Article 98 - Eligibility and limits applicable to Tiers 1, 2 and 3
- inserted Article 99 - Implementing measures
Title I › Chapter VI › Section 4 › Subsection 1
- inserted Article 100 - General provisions
- inserted Article 101 - Calculation of the Solvency Capital Requirement
- inserted Article 102 - Frequency of calculation
Title I › Chapter VI › Section 4 › Subsection 2
- inserted Article 103 - Structure of the standard formula
- inserted Article 104 - Design of the Basic Solvency Capital Requirement
- inserted Article 105 - Calculation of the Basic Solvency Capital Requirement
- inserted Article 106 - Calculation of the equity risk sub-module: symmetric adjustment mechanism
- inserted Article 107 - Capital requirement for operational risk
- inserted Article 108 - Adjustment for the loss-absorbing capacity of technical provisions and deferred taxes
- inserted Article 109 - Simplifications in the standard formula
- inserted Article 110 - Significant deviations from the assumptions underlying the standard formula calculation
- inserted Article 111 - Implementing measures
Title I › Chapter VI › Section 4 › Subsection 3
- inserted Article 112 - General provisions for the approval of full and partial internal models
- inserted Article 113 - Specific provisions for the approval of partial internal models
- inserted Article 114 - Implementing measures
- inserted Article 115 - Policy for changing the full and partial internal models
- inserted Article 116 - Responsibilities of the administrative, management or supervisory bodies
- inserted Article 117 - Reversion to the standard formula
- inserted Article 118 - Non-compliance of the internal model
- inserted Article 119 - Significant deviations from the assumptions underlying the standard formula calculation
- inserted Article 120 - Use test
- inserted Article 121 - Statistical quality standards
- inserted Article 122 - Calibration standards
- inserted Article 123 - Profit and loss attribution
- inserted Article 124 - Validation standards
- inserted Article 125 - Documentation standards
- inserted Article 126 - External models and data
- inserted Article 127 - Implementing measures
Title I › Chapter VI › Section 5
- inserted Article 128 - General provisions
- inserted Article 129 - Calculation of the Minimum Capital Requirement
- inserted Article 130 - Implementing measures
- inserted Article 131 - Transitional arrangements regarding compliance with the Minimum Capital Requirement
Title I › Chapter VI › Section 6
- inserted Article 132 - Prudent person principle
- inserted Article 133 - Freedom of investment
- inserted Article 134 - Localisation of assets and prohibition of pledging of assets
- inserted Article 135 - Implementing measures
Title I › Chapter VII
- inserted Article 136 - Identification and notification of deteriorating financial conditions by the insurance and reinsurance undertaking
- inserted Article 137 - Non-Compliance with technical provisions
- inserted Article 138 - Non-Compliance with the Solvency Capital Requirement
- inserted Article 139 - Non-Compliance with the Minimum Capital Requirement
- inserted Article 140 - Prohibition of free disposal of assets located within the territory of a Member State
- inserted Article 141 - Supervisory powers in deteriorating financial conditions
- inserted Article 142 - Recovery plan and finance scheme
- inserted Article 143 - Implementing measures
- inserted Article 144 - Withdrawal of authorisation
Title I › Chapter VIII › Section 1
- inserted Article 145 - Conditions for branch establishment
- inserted Article 146 - Communication of information
Title I › Chapter VIII › Section 2 › Subsection 1
- inserted Article 147 - Prior notification to the home Member State
- inserted Article 148 - Notification by the home Member State
- inserted Article 149 - Changes in the nature of the risks or commitments
Title I › Chapter VIII › Section 2 › Subsection 2
- inserted Article 150 - Compulsory insurance on third party motor vehicle liability
- inserted Article 151 - Non-discrimination of persons pursuing claims
- inserted Article 152 - Representative
Title I › Chapter VIII › Section 3 › Subsection 1
- inserted Article 153 - Language
- inserted Article 154 - Prior notification and prior approval
- inserted Article 155 - Insurance undertakings not complying with the legal provisions
- inserted Article 156 - Advertising
- inserted Article 157 - Taxes on premiums
Title I › Chapter VIII › Section 3 › Subsection 2
Title I › Chapter VIII › Section 4
Title I › Chapter VIII › Section 5
- inserted Article 160 - Winding-up of insurance undertakings
- inserted Article 161 - Winding-up of reinsurance undertakings
Title I › Chapter IX › Section 1
- inserted Article 162 - Principle of authorisation and conditions
- inserted Article 163 - Scheme of operations of the branch
- inserted Article 164 - Transfer of portfolio
- inserted Article 165 - Technical provisions
- inserted Article 166 - Solvency Capital Requirement and Minimum Capital Requirement
- inserted Article 167 - Advantages to undertakings authorised in more than one Member State
- inserted Article 168 - Accounting, prudential and statistical information and undertakings in difficulty
- inserted Article 169 - Separation of non-life and life business
- inserted Article 170 - Withdrawal of authorisation for undertakings authorised in more than one Member State
- inserted Article 171 - Agreements with third countries
Title I › Chapter IX › Section 2
- inserted Article 172 - Equivalence
- inserted Article 173 - Prohibition of pledging of assets
- inserted Article 174 - Principle and conditions for conducting reinsurance activity
- inserted Article 175 - Agreements with third countries
Title I › Chapter X
- inserted Article 176 - Information from Member States to the Commission
- inserted Article 177 - Third-country treatment of Community insurance and reinsurance undertakings
Title II › Chapter I › Section 1
- inserted Article 178 - Applicable Law
Title II › Chapter I › Section 2
- inserted Article 179 - Related obligations
Title II › Chapter I › Section 3
- inserted Article 180 - General good
Title II › Chapter I › Section 4
- inserted Article 181 - Non-life insurance
- inserted Article 182 - Life insurance
Title II › Chapter I › Section 5 › Subsection 1
- inserted Article 183 - General Information for policy holders
- inserted Article 184 - Additional information in the case of non-life insurance offered under the right of establishment or the freedom to provide services
Title II › Chapter I › Section 5 › Subsection 2
Title II › Chapter II › Section 1
- inserted Article 187 - Policy Conditions
- inserted Article 188 - Abolition of monopolies
- inserted Article 189 - Participation in national guarantee schemes
Title II › Chapter II › Section 2
- inserted Article 190 - Community co-insurance operations
- inserted Article 191 - Participation in Community co-insurance
- inserted Article 192 - Technical provisions
- inserted Article 193 - Statistical data
- inserted Article 194 - Treatment of co-insurance contracts in winding-up proceedings
- inserted Article 195 - Exchange of information between supervisory authorities
- inserted Article 196 - Cooperation on implementation
Title II › Chapter II › Section 3
Title II › Chapter II › Section 4
- inserted Article 198 - Scope of this Section
- inserted Article 199 - Separate contracts
- inserted Article 200 - Management of claims
- inserted Article 201 - Free choice of lawyer
- inserted Article 202 - Exception to the free choice of lawyer
- inserted Article 203 - Arbitration
- inserted Article 204 - Conflict of interest
- inserted Article 205 - Abolition of specialisation of legal expenses insurance
Title II › Chapter II › Section 5
Title II › Chapter II › Section 6
Title II › Chapter III
- inserted Article 208 - Prohibition on compulsory ceding of part of underwriting
- inserted Article 209 - Premiums for new business
Title II › Chapter IV
- inserted Article 210 - Finite reinsurance
- inserted Article 211 - Special purpose vehicles
Title III › Chapter I › Section 1
- inserted Article 212 - Definitions
Title III › Chapter I › Section 2
- inserted Article 213 - Cases of application of group supervision
- inserted Article 214 - Scope of group supervision
Title III › Chapter I › Section 3
- inserted Article 215 - Ultimate parent undertaking at Community level
- inserted Article 216 - Ultimate parent undertaking at national level
- inserted Article 217 - Parent undertaking covering several Member States
Title III › Chapter II › Section 1 › Subsection 1
- inserted Article 218 - Supervision of group solvency
- inserted Article 219 - Frequency of calculation
Title III › Chapter II › Section 1 › Subsection 2
- inserted Article 220 - Choice of method
- inserted Article 221 - Inclusion of proportional share
- inserted Article 222 - Elimination of double use of eligible own funds
- inserted Article 223 - Elimination of the intra-group creation of capital
- inserted Article 224 - Valuation
Title III › Chapter II › Section 1 › Subsection 3
- inserted Article 225 - Related insurance and reinsurance undertakings
- inserted Article 226 - Intermediate insurance holding companies
- inserted Article 227 - Related third-country insurance and reinsurance undertakings
- inserted Article 228 - Related credit institutions, investment firms and financial institutions
- inserted Article 229 - Non-availability of the necessary information
Title III › Chapter II › Section 1 › Subsection 4
- inserted Article 230 - Method 1 (Default method): Accounting consolidation-based method
- inserted Article 231 - Group internal model
- inserted Article 232 - Group capital add-on
- inserted Article 233 - Method 2 (Alternative method): Deduction and aggregation method
- inserted Article 234 - Implementing measures
Title III › Chapter II › Section 1 › Subsection 5
Title III › Chapter II › Section 1 › Subsection 6
- inserted Article 236 - Subsidiaries of an insurance or reinsurance undertaking: conditions
- inserted Article 237 - Subsidiaries of an insurance or reinsurance undertaking: decision on the application
- inserted Article 238 - Subsidiaries of an insurance or reinsurance undertaking: determination of the Solvency Capital Requirement
- inserted Article 239 - Subsidiaries of an insurance or reinsurance undertaking: non-compliance with the Solvency and Minimum Capital Requirements
- inserted Article 240 - Subsidiaries of an insurance or reinsurance undertaking: end of derogations for a subsidiary
- inserted Article 241 - Subsidiaries of an insurance or reinsurance undertaking: implementing measures
- inserted Article 242 - Review
- inserted Article 243 - Subsidiaries of an insurance holding company
Title III › Chapter II › Section 2
- inserted Article 244 - Supervision of risk concentration
- inserted Article 245 - Supervision of intra-group transactions
Title III › Chapter II › Section 3
Title III › Chapter III
- inserted Article 247 - Group Supervisor
- inserted Article 248 - Rights and duties of the group supervisor and the other supervisors College of supervisors
- inserted Article 249 - Cooperation and exchange of information between supervisory authorities
- inserted Article 250 - Consultation between supervisory authorities
- inserted Article 251 - Requests from the group supervisor to other supervisory authorities
- inserted Article 252 - Cooperation with authorities responsible for credit institutions and investment firms
- inserted Article 253 - Professional secrecy and confidentiality
- inserted Article 254 - Access to information
- inserted Article 255 - Verification of information
- inserted Article 256 - Group solvency and financial condition report
- inserted Article 257 - Administrative, management or supervisory body of insurance holding companies
- inserted Article 258 - Enforcement measures
- inserted Article 259 - Reporting of CEIOPS
Title III › Chapter IV
- inserted Article 260 - Parent undertakings outside the Community: verification of equivalence
- inserted Article 261 - Parent undertakings outside the Community: equivalence
- inserted Article 262 - Parent undertakings outside the Community: absence of equivalence
- inserted Article 263 - Parent undertakings outside the Community: levels
- inserted Article 264 - Cooperation with third-country supervisory authorities
Title III › Chapter V
- inserted Article 265 - Intra-group transactions
- inserted Article 266 - Cooperation with third countries
Title IV › Chapter I
- inserted Article 267 - Scope of this Title
- inserted Article 268 - Definitions
Title IV › Chapter II
- inserted Article 269 - Adoption of reorganisation measures applicable law
- inserted Article 270 - Information to the supervisory authorities
- inserted Article 271 - Publication of decisions on reorganisation measures
- inserted Article 272 - Information to known creditors right to lodge claims
Title IV › Chapter III
- inserted Article 273 - Opening of winding-up proceedings information to the supervisory authorities
- inserted Article 274 - Applicable law
- inserted Article 275 - Treatment of insurance claims
- inserted Article 276 - Special register
- inserted Article 277 - Subrogation to a guarantee scheme
- inserted Article 278 - Representation of preferential claims by assets
- inserted Article 279 - Withdrawal of the authorisation
- inserted Article 280 - Publication of decisions on winding-up proceedings
- inserted Article 281 - Information to known creditors
- inserted Article 282 - Right to lodge claims
- inserted Article 283 - Languages and form
- inserted Article 284 - Regular information to the creditors
Title IV › Chapter IV
- inserted Article 285 - Effects on certain contracts and rights
- inserted Article 286 - Rights in rem of third parties
- inserted Article 287 - Reservation of title
- inserted Article 288 - Set-off
- inserted Article 289 - Regulated markets
- inserted Article 290 - Detrimental acts
- inserted Article 291 - Protection of third-party purchasers
- inserted Article 292 - Lawsuits pending
- inserted Article 293 - Administrators and liquidators
- inserted Article 294 - Registration in a public register
- inserted Article 295 - Professional secrecy
- inserted Article 296 - Treatment of branches of third-country insurance undertakings
Title V
- inserted Article 297 - Right to apply to the courts
- inserted Article 298 - Cooperation between the Member States and the Commission
- inserted Article 299 - Euro
- inserted Article 300 - Revision of amounts expressed in euro
- inserted Article 301 - Committee procedure
- inserted Article 302 - Notifications submitted prior to entry into force of the laws, regulations and administrative provisions necessary to comply with Articles 57 to 63
- inserted Article 303 - Amendments to Directive 2003/41/EC
- inserted Article 304 - Duration-based equity risk sub-module
Title VI › Chapter I › Section 1
- inserted Article 305 - Derogations and abolition of restrictive measures
- inserted Article 306 - Rights acquired by existing branches and insurance undertakings
Title VI › Chapter I › Section 2
- inserted Article 307 - Transitional period for Articles 57(3) and 60(6) of Directive 2005/68/EC
- inserted Article 308 - Right acquired by existing reinsurance undertakings
Title VI › Chapter II
- inserted Article 309 - Transposition
- inserted Article 310 - Repeal
- inserted Article 311 - Entry into force
- inserted Article 312 - Addressees
Outside any heading
- inserted Recital 1
- inserted Recital 2
- inserted Recital 3
- inserted Recital 4
- inserted Recital 5
- inserted Recital 6
- inserted Recital 7
- inserted Recital 8
- inserted Recital 9
- inserted Recital 10
- inserted Recital 11
- inserted Recital 12
- inserted Recital 13
- inserted Recital 14
- inserted Recital 15
- inserted Recital 16
- inserted Recital 17
- inserted Recital 18
- inserted Recital 19
- inserted Recital 20
- inserted Recital 21
- inserted Recital 22
- inserted Recital 23
- inserted Recital 24
- inserted Recital 25
- inserted Recital 26
- inserted Recital 27
- inserted Recital 28
- inserted Recital 29
- inserted Recital 30
- inserted Recital 31
- inserted Recital 32
- inserted Recital 33
- inserted Recital 34
- inserted Recital 35
- inserted Recital 36
- inserted Recital 37
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- inserted Recital 40
- inserted Recital 41
- inserted Recital 42
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- inserted Recital 45
- inserted Recital 46
- inserted Recital 47
- inserted Recital 48
- inserted Recital 49
- inserted Recital 50
- inserted Recital 51
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- inserted Recital 53
- inserted Recital 54
- inserted Recital 55
- inserted Recital 56
- inserted Recital 57
- inserted Recital 58
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- inserted Recital 60
- inserted Recital 61
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- inserted Recital 63
- inserted Recital 64
- inserted Recital 65
- inserted Recital 66
- inserted Recital 67
- inserted Recital 68
- inserted Recital 69
- inserted Recital 70
- inserted Recital 71
- inserted Recital 72
- inserted Recital 73
- inserted Recital 74
- inserted Recital 75
- inserted Recital 76
- inserted Recital 77
- inserted Recital 78
- inserted Recital 79
- inserted Recital 80
- inserted Recital 81
- inserted Recital 82
- inserted Recital 83
- inserted Recital 84
- inserted Recital 85
- inserted Recital 86
- inserted Recital 87
- inserted Recital 88
- inserted Recital 89
- inserted Recital 90
- inserted Recital 91
- inserted Recital 92
- inserted Recital 93
- inserted Recital 94
- inserted Recital 95
- inserted Recital 96
- inserted Recital 97
- inserted Recital 98
- inserted Recital 99
- inserted Recital 100
- inserted Recital 101
- inserted Recital 102
- inserted Recital 103
- inserted Recital 104
- inserted Recital 105
- inserted Recital 106
- inserted Recital 107
- inserted Recital 108
- inserted Recital 109
- inserted Recital 110
- inserted Recital 111
- inserted Recital 112
- inserted Recital 113
- inserted Recital 114
- inserted Recital 115
- inserted Recital 116
- inserted Recital 117
- inserted Recital 118
- inserted Recital 119
- inserted Recital 120
- inserted Recital 121
- inserted Recital 122
- inserted Recital 123
- inserted Recital 124
- inserted Recital 125
- inserted Recital 126
- inserted Recital 127
- inserted Recital 128
- inserted Recital 129
- inserted Recital 130
- inserted Recital 131
- inserted Recital 132
- inserted Recital 133
- inserted Recital 134
- inserted Recital 135
- inserted Recital 136
- inserted Recital 137
- inserted Recital 138
- inserted Recital 139
- inserted Recital 140
- inserted Recital 141
- inserted Recital 142
- inserted Preamble
- inserted Annex I
- inserted Annex II
- inserted Annex III
- inserted Annex IV
- inserted Annex V
- inserted Annex VI
- inserted Annex VII