What changes on 09/12/2011
The text in force from 06/01/2010 compared with the text from 09/12/2011, which includes the changes made by Directive 2011/89/EU.
1 inserted
356 amended
0 deleted
0 moved
Read the act as of 09/12/2011 · 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
- amended Article 1 - Subject matter
- amended Article 2 - Scope
Title I › Chapter I › Section 2 › Subsection 1
Title I › Chapter I › Section 2 › Subsection 2
- amended Article 5 - Operations
- amended Article 6 - Assistance
- amended Article 8 - Institutions
Title I › Chapter I › Section 2 › Subsection 3
- amended Article 9 - Operations and activities
- amended Article 10 - Organisations, undertakings and institutions
Title I › Chapter I › Section 2 › Subsection 4
Title I › Chapter I › Section 3
- amended Article 13 - Definitions
Title I › Chapter II
- amended Article 14 - Principle of authorisation
- amended Article 15 - Scope of authorisation
- amended Article 16 - Ancillary risks
- amended Article 17 - Legal form of the insurance or reinsurance undertaking
- amended Article 18 - Conditions for authorisation
- amended Article 21 - Policy conditions and scales of premiums
- amended Article 23 - Scheme of operations
- amended Article 24 - Shareholders and members with qualifying holdings
- amended Article 26 - Prior consultation of the authorities of other Member States
Title I › Chapter III
- amended Article 29 - General principles of supervision
- amended Article 30 - Supervisory authorities and scope of supervision
- amended Article 31 - Transparency and accountability
- amended Article 32 - Prohibition of refusal of reinsurance contracts or retrocession contracts
- amended Article 34 - General supervisory powers
- amended Article 35 - Information to be provided for supervisory purposes
- amended Article 36 - Supervisory review process
- amended Article 37 - Capital add-on
- amended Article 38 - Supervision of outsourced functions and activities
- amended Article 39 - Transfer of portfolio
Title I › Chapter IV › Section 2
- amended Article 41 - General governance requirements
- amended Article 42 - Fit and proper requirements for persons who effectively run the undertaking or have other key functions
- amended Article 43 - Proof of good repute
- amended Article 44 - Risk management
- amended Article 45 - Own risk and solvency assessment
- amended Article 46 - Internal control
- amended Article 47 - Internal audit
- amended Article 48 - Actuarial function
- amended Article 49 - Outsourcing
- amended Article 50 - Implementing measures
Title I › Chapter IV › Section 3
- amended Article 51 - Report on solvency and financial condition: contents
- amended Article 52 - Information for and reports by CEIOPS
- amended Article 53 - Report on solvency and financial condition: applicable principles
- amended Article 54 - Report on solvency and financial condition: updates and additional voluntary information
- amended Article 55 - Report on solvency and financial condition: policy and approval
Title I › Chapter IV › Section 4
- amended Article 57 - Acquisitions
- amended Article 58 - Assessment period
- amended Article 59 - Assessment
- amended Article 60 - Acquisitions by regulated financial undertakings
- amended Article 62 - Qualifying holdings, powers of the supervisory authority
Title I › Chapter IV › Section 5
- amended Article 67 - Use of confidential information
- amended Article 68 - Exchange of information with other authorities
- amended Article 70 - Transmission of information to central banks and monetary authorities
- amended Article 71 - Supervisory convergence
Title I › Chapter IV › Section 6
- amended Article 72 - Duties of auditors
Title I › Chapter V
- amended Article 73 - Pursuit of life and non-life insurance activity
- amended Article 74 - Separation of life and non-life insurance management
Title I › Chapter VI › Section 1
Title I › Chapter VI › Section 2
- amended Article 76 - General provisions
- amended Article 77 - Calculation of technical provisions
- amended Article 78 - Other elements to be taken into account in the calculation of technical provisions
- amended Article 86 - Implementing measures
Title I › Chapter VI › Section 3 › Subsection 1
- amended Article 88 - Basic own funds
- amended Article 89 - Ancillary own funds
- amended Article 90 - Supervisory approval of ancillary own funds
- amended Article 91 - Surplus funds
- amended Article 92 - Implementing measures
Title I › Chapter VI › Section 3 › Subsection 2
- amended Article 93 - Characteristics and features used to classify own funds into tiers
- amended Article 94 - Main criteria for the classification into tiers
- amended Article 96 - Classification of specific insurance own-fund items
- amended Article 97 - Implementing measures
Title I › Chapter VI › Section 3 › Subsection 3
- amended Article 98 - Eligibility and limits applicable to Tiers 1, 2 and 3
- amended Article 99 - Implementing measures
Title I › Chapter VI › Section 4 › Subsection 1
- amended Article 101 - Calculation of the Solvency Capital Requirement
- amended Article 102 - Frequency of calculation
Title I › Chapter VI › Section 4 › Subsection 2
- amended Article 103 - Structure of the standard formula
- amended Article 104 - Design of the Basic Solvency Capital Requirement
- amended Article 105 - Calculation of the Basic Solvency Capital Requirement
- amended Article 106 - Calculation of the equity risk sub-module: symmetric adjustment mechanism
- amended Article 107 - Capital requirement for operational risk
- amended Article 111 - Implementing measures
Title I › Chapter VI › Section 4 › Subsection 3
- amended Article 112 - General provisions for the approval of full and partial internal models
- amended Article 113 - Specific provisions for the approval of partial internal models
- amended Article 114 - Implementing measures
- amended Article 118 - Non-compliance of the internal model
- amended Article 120 - Use test
- amended Article 121 - Statistical quality standards
- amended Article 122 - Calibration standards
Title I › Chapter VI › Section 5
Title I › Chapter VI › Section 6
- amended Article 132 - Prudent person principle
- amended Article 133 - Freedom of investment
- amended Article 134 - Localisation of assets and prohibition of pledging of assets
- amended Article 135 - Implementing measures
Title I › Chapter VII
- amended Article 138 - Non-Compliance with the Solvency Capital Requirement
- amended Article 139 - Non-Compliance with the Minimum Capital Requirement
- amended Article 142 - Recovery plan and finance scheme
- amended Article 144 - Withdrawal of authorisation
Title I › Chapter VIII › Section 1
- amended Article 145 - Conditions for branch establishment
- amended Article 146 - Communication of information
Title I › Chapter VIII › Section 2 › Subsection 1
Title I › Chapter VIII › Section 2 › Subsection 2
- amended Article 150 - Compulsory insurance on third party motor vehicle liability
- amended Article 152 - Representative
Title I › Chapter VIII › Section 3 › Subsection 1
- amended Article 154 - Prior notification and prior approval
- amended Article 155 - Insurance undertakings not complying with the legal provisions
- amended Article 157 - Taxes on premiums
Title I › Chapter VIII › Section 3 › Subsection 2
Title I › Chapter VIII › Section 4
Title I › Chapter IX › Section 1
- amended Article 162 - Principle of authorisation and conditions
- amended Article 163 - Scheme of operations of the branch
- amended Article 164 - Transfer of portfolio
- amended Article 166 - Solvency Capital Requirement and Minimum Capital Requirement
- amended Article 167 - Advantages to undertakings authorised in more than one Member State
- amended Article 169 - Separation of non-life and life business
Title I › Chapter IX › Section 2
Title I › Chapter X
Title II › Chapter I › Section 2
Title II › Chapter I › Section 4
- amended Article 181 - Non-life insurance
Title II › Chapter I › Section 5 › Subsection 1
- amended Article 183 - General Information for policy holders
- amended 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 2
Title II › Chapter II › Section 4
- amended Article 198 - Scope of this Section
- amended Article 200 - Management of claims
- amended Article 201 - Free choice of lawyer
- amended Article 202 - Exception to the free choice of lawyer
Title II › Chapter II › Section 5
Title II › Chapter IV
Title III › Chapter I › Section 1
- amended Article 212 - Definitions
Title III › Chapter I › Section 2
- amended Article 213 - Cases of application of group supervision
- amended Article 214 - Scope of group supervision
Title III › Chapter I › Section 3
- amended Article 215 - Ultimate parent undertaking at Community level
- amended Article 216 - Ultimate parent undertaking at national level
- amended Article 217 - Parent undertaking covering several Member States
Title III › Chapter II › Section 1 › Subsection 1
Title III › Chapter II › Section 1 › Subsection 2
- amended Article 220 - Choice of method
- amended Article 221 - Inclusion of proportional share
- amended Article 222 - Elimination of double use of eligible own funds
- amended Article 223 - Elimination of the intra-group creation of capital
Title III › Chapter II › Section 1 › Subsection 3
- amended Article 226 - Intermediate insurance holding companies
- amended Article 227 - Related third-country insurance and reinsurance undertakings
Title III › Chapter II › Section 1 › Subsection 4
- amended Article 230 - Method 1 (Default method): Accounting consolidation-based method
- amended Article 231 - Group internal model
- amended Article 232 - Group capital add-on
- amended Article 233 - Method 2 (Alternative method): Deduction and aggregation method
Title III › Chapter II › Section 1 › Subsection 5
- amended Article 235 - Group solvency of an insurance holding company or a mixed financial holding company
Title III › Chapter II › Section 1 › Subsection 6
- amended Article 236 - Subsidiaries of an insurance or reinsurance undertaking: conditions
- amended Article 237 - Subsidiaries of an insurance or reinsurance undertaking: decision on the application
- amended Article 238 - Subsidiaries of an insurance or reinsurance undertaking: determination of the Solvency Capital Requirement
- amended Article 239 - Subsidiaries of an insurance or reinsurance undertaking: non-compliance with the Solvency and Minimum Capital Requirements
- amended Article 240 - Subsidiaries of an insurance or reinsurance undertaking: end of derogations for a subsidiary
- amended Article 241 - Subsidiaries of an insurance or reinsurance undertaking: implementing measures
- amended Article 242 - Review
- amended Article 243 - Subsidiaries of an insurance holding company and mixed financial holding company
Title III › Chapter II › Section 2
- amended Article 244 - Supervision of risk concentration
- amended Article 245 - Supervision of intra-group transactions
Title III › Chapter II › Section 3
Title III › Chapter III
- amended Article 247 - Group Supervisor
- amended Article 248 - Rights and duties of the group supervisor and the other supervisors College of supervisors
- amended Article 249 - Cooperation and exchange of information between supervisory authorities
- amended Article 250 - Consultation between supervisory authorities
- amended Article 254 - Access to information
- amended Article 255 - Verification of information
- amended Article 256 - Group solvency and financial condition report
- amended Article 257 - Administrative, management or supervisory body of insurance holding companies and mixed financial holding companies
- amended Article 258 - Enforcement measures
- amended Article 259 - Reporting of CEIOPS
Title III › Chapter IV
- amended Article 260 - Parent undertakings outside the Community: verification of equivalence
- amended Article 261 - Parent undertakings outside the Community: equivalence
- amended Article 262 - Parent undertakings registered in a third country: absence of equivalence
- amended Article 263 - Parent undertakings outside the Community: levels
- amended Article 264 - Cooperation with third-country supervisory authorities
Title III › Chapter V
Title IV › Chapter I
- amended Article 267 - Scope of this Title
- amended Article 268 - Definitions
Title IV › Chapter II
- amended Article 269 - Adoption of reorganisation measures applicable law
- amended Article 271 - Publication of decisions on reorganisation measures
- amended Article 272 - Information to known creditors right to lodge claims
Title IV › Chapter III
- amended Article 273 - Opening of winding-up proceedings information to the supervisory authorities
- amended Article 274 - Applicable law
- amended Article 275 - Treatment of insurance claims
- amended Article 276 - Special register
- amended Article 279 - Withdrawal of the authorisation
- amended Article 280 - Publication of decisions on winding-up proceedings
- amended Article 281 - Information to known creditors
- amended Article 282 - Right to lodge claims
- amended Article 283 - Languages and form
- amended Article 284 - Regular information to the creditors
Title IV › Chapter IV
- amended Article 285 - Effects on certain contracts and rights
- amended Article 286 - Rights in rem of third parties
- amended Article 287 - Reservation of title
- amended Article 288 - Set-off
- amended Article 289 - Regulated markets
- amended Article 291 - Protection of third-party purchasers
- amended Article 293 - Administrators and liquidators
- amended Article 294 - Registration in a public register
Title V
- amended Article 298 - Cooperation between the Member States and the Commission
- amended Article 301 - Committee procedure
- amended Article 303 - Amendments to Directive 2003/41/EC
- amended Article 304 - Duration-based equity risk sub-module
Title VI › Chapter I › Section 1
- amended Article 305 - Derogations and abolition of restrictive measures
- amended Article 306 - Rights acquired by existing branches and insurance undertakings
Title VI › Chapter I › Section 2
Title VI › Chapter II
- amended Article 309 - Transposition
Outside any heading
- inserted Recital
- amended Recital 1
- amended Recital 2
- amended Recital 3
- amended Recital 4
- amended Recital 5
- amended Recital 6
- amended Recital 7
- amended Recital 8
- amended Recital 9
- amended Recital 10
- amended Recital 11
- amended Recital 12
- amended Recital 13
- amended Recital 14
- amended Recital 15
- amended Recital 16
- amended Recital 17
- amended Recital 18
- amended Recital 19
- amended Recital 20
- amended Recital 21
- amended Recital 22
- amended Recital 23
- amended Recital 24
- amended Recital 25
- amended Recital 26
- amended Recital 27
- amended Recital 28
- amended Recital 29
- amended Recital 30
- amended Recital 31
- amended Recital 32
- amended Recital 33
- amended Recital 34
- amended Recital 35
- amended Recital 36
- amended Recital 37
- amended Recital 38
- amended Recital 39
- amended Recital 40
- amended Recital 41
- amended Recital 42
- amended Recital 43
- amended Recital 44
- amended Recital 45
- amended Recital 46
- amended Recital 47
- amended Recital 48
- amended Recital 49
- amended Recital 50
- amended Recital 51
- amended Recital 52
- amended Recital 53
- amended Recital 54
- amended Recital 55
- amended Recital 56
- amended Recital 57
- amended Recital 58
- amended Recital 59
- amended Recital 60
- amended Recital 61
- amended Recital 62
- amended Recital 63
- amended Recital 64
- amended Recital 65
- amended Recital 66
- amended Recital 67
- amended Recital 68
- amended Recital 69
- amended Recital 70
- amended Recital 71
- amended Recital 72
- amended Recital 73
- amended Recital 74
- amended Recital 75
- amended Recital 76
- amended Recital 77
- amended Recital 78
- amended Recital 79
- amended Recital 80
- amended Recital 81
- amended Recital 82
- amended Recital 83
- amended Recital 84
- amended Recital 85
- amended Recital 86
- amended Recital 87
- amended Recital 88
- amended Recital 89
- amended Recital 90
- amended Recital 91
- amended Recital 92
- amended Recital 93
- amended Recital 94
- amended Recital 95
- amended Recital 96
- amended Recital 97
- amended Recital 98
- amended Recital 99
- amended Recital 100
- amended Recital 101
- amended Recital 102
- amended Recital 103
- amended Recital 104
- amended Recital 105
- amended Recital 106
- amended Recital 107
- amended Recital 108
- amended Recital 109
- amended Recital 110
- amended Recital 111
- amended Recital 112
- amended Recital 113
- amended Recital 114
- amended Recital 115
- amended Recital 116
- amended Recital 117
- amended Recital 118
- amended Recital 119
- amended Recital 120
- amended Recital 121
- amended Recital 122
- amended Recital 123
- amended Recital 124
- amended Recital 125
- amended Recital 126
- amended Recital 127
- amended Recital 128
- amended Recital 129
- amended Recital 130
- amended Recital 131
- amended Recital 132
- amended Recital 133
- amended Recital 134
- amended Recital 135
- amended Recital 136
- amended Recital 137
- amended Recital 138
- amended Recital 139
- amended Recital 140
- amended Recital 141
- amended Recital 142
- amended Preamble
- amended Annex I - CLASSES OF NON-LIFE INSURANCE
- amended Annex II - CLASSES OF LIFE INSURANCE
- amended Annex III - LEGAL FORMS OF UNDERTAKINGS
- amended Annex IV - SOLVENCY CAPITAL REQUIREMENT (SCR) STANDARD FORMULA
- amended Annex V - GROUPS OF NON-LIFE INSURANCE CLASSES FOR THE PURPOSES OF ARTICLE 159
- amended Annex VI - PART A
- amended Annex VII - CORRELATION TABLE