Solvency II Directive
17/01/2025 → 30/01/2027: 30 inserted · 1 removed · 100 amended · 0 moved · 6 renamed · 382 unchanged
Position-only shifts inside the same heading are not changes. Amended = the printed text changed.
Preamble
Preamble · 1 unchanged
Recitals
Recitals · 142 unchanged
Recital 1 · Recital 2 · Recital 3 · Recital 4 · Recital 5 · Recital 6 · Recital 7 · Recital 8 · Recital 9 · Recital 10 · Recital 11 · Recital 12 · Recital 13 · Recital 14 · Recital 15 · Recital 16 · Recital 17 · Recital 18 · Recital 19 · Recital 20 · Recital 21 · Recital 22 · Recital 23 · Recital 24 · Recital 25 · Recital 26 · Recital 27 · Recital 28 · Recital 29 · Recital 30 · Recital 31 · Recital 32 · Recital 33 · Recital 34 · Recital 35 · Recital 36 · Recital 37 · Recital 38 · Recital 39 · Recital 40 · Recital 41 · Recital 42 · Recital 43 · Recital 44 · Recital 45 · Recital 46 · Recital 47 · Recital 48 · Recital 49 · Recital 50 · Recital 51 · Recital 52 · Recital 53 · Recital 54 · Recital 55 · Recital 56 · Recital 57 · Recital 58 · Recital 59 · Recital 60 · Recital 61 · Recital 62 · Recital 63 · Recital 64 · Recital 65 · Recital 66 · Recital 67 · Recital 68 · Recital 69 · Recital 70 · Recital 71 · Recital 72 · Recital 73 · Recital 74 · Recital 75 · Recital 76 · Recital 77 · Recital 78 · Recital 79 · Recital 80 · Recital 81 · Recital 82 · Recital 83 · Recital 84 · Recital 85 · Recital 86 · Recital 87 · Recital 88 · Recital 89 · Recital 90 · Recital 91 · Recital 92 · Recital 93 · Recital 94 · Recital 95 · Recital 96 · Recital 97 · Recital 98 · Recital 99 · Recital 100 · Recital 101 · Recital 102 · Recital 103 · Recital 104 · Recital 105 · Recital 106 · Recital 107 · Recital 108 · Recital 109 · Recital 110 · Recital 111 · Recital 112 · Recital 113 · Recital 114 · Recital 115 · Recital 116 · Recital 117 · Recital 118 · Recital 119 · Recital 120 · Recital 121 · Recital 122 · Recital 123 · Recital 124 · Recital 125 · Recital 126 · Recital 127 · Recital 128 · Recital 129 · Recital 130 · Recital 131 · Recital 132 · Recital 133 · Recital 134 · Recital 135 · Recital 136 · Recital 137 · Recital 138 · Recital 139 · Recital 140 · Recital 141 · Recital 142
Title I - GENERAL RULES ON THE TAKING-UP AND PURSUIT OF DIRECT INSURANCE AND REINSURANCE ACTIVITIES
- amended Article 2 - Scope Title I › Chapter I › Section 1
- amended Article 4 - Exclusion from scope due to size Title I › Chapter I › Section 2 › Subsection 1
- amended Article 6 - Assistance Title I › Chapter I › Section 2 › Subsection 2
- amended Article 8 - Institutions Title I › Chapter I › Section 2 › Subsection 2
- amended Article 13 - Definitions Title I › Chapter I › Section 3
- amended Article 18 - Conditions for authorisation Title I › Chapter II
- amended Article 23 - Scheme of operations Title I › Chapter II
- amended Article 24 - Shareholders and members with qualifying holdings Title I › Chapter II
- amended Article 25 - Refusal of authorisation Title I › Chapter II
- amended Article 25a - Notification and publication of authorisations or withdrawals of authorisation Title I › Chapter II
- amended Article 26 - Prior consultation of the authorities of other Member States Title I › Chapter II
- amended Article 29 - General principles of supervision Title I › Chapter III
- inserted Article 29a - Criteria for identifying small and non-complex undertakings Title I › Chapter III
- inserted Article 29b - Process of classification for undertakings complying with the criteria Title I › Chapter III
- inserted Article 29c - Use of proportionality measures by undertakings classified as small and non-complex undertakings Title I › Chapter III
- inserted Article 29d - Use of proportionality measures by undertakings not classified as small and non-complex undertakings Title I › Chapter III
- inserted Article 29e - Monitoring of the use of proportionality measures Title I › Chapter III
- amended Article 30 - Supervisory authorities and scope of supervision Title I › Chapter III
- amended Article 35 - Information to be provided for supervisory purposes Title I › Chapter III
- inserted Article 35a - Exemptions and limitations to quantitative regular supervisory reporting granted by supervisory authorities Title I › Chapter III
- inserted Article 35b - Reporting deadlines Title I › Chapter III
- amended Article 36 - Supervisory review process Title I › Chapter III
- amended Article 37 - Capital add-on Title I › Chapter III
- amended Article 40 - Responsibility of the administrative, management or supervisory body Title I › Chapter IV › Section 1
- amended Article 41 - General governance requirements Title I › Chapter IV › Section 2
- amended Article 42 - Fit and proper requirements for persons who effectively run the undertaking or have other key functions Title I › Chapter IV › Section 2
- amended Article 44 - Risk management Title I › Chapter IV › Section 2
- amended Article 45 - Own risk and solvency assessment Title I › Chapter IV › Section 2
- inserted Article 45a - Climate change scenario analysis Title I › Chapter IV › Section 2
- amended Article 51 - Report on solvency and financial condition: contents Title I › Chapter IV › Section 3
- inserted Article 51a - Solvency and financial condition report: audit requirements Title I › Chapter IV › Section 3
- amended Article 52 - Information for and reports by the European Insurance and Occupational Pensions Authority Title I › Chapter IV › Section 3
- amended Article 53 - Report on solvency and financial condition: applicable principles Title I › Chapter IV › Section 3
- amended Article 56 - Solvency and financial condition report: delegated acts and implementing technical standards Title I › Chapter IV › Section 3
- amended Article 58 - Assessment period Title I › Chapter IV › Section 4
- amended Article 59 - Assessment Title I › Chapter IV › Section 4
- amended Article 60 - Acquisitions by regulated financial undertakings Title I › Chapter IV › Section 4
- amended Article 62 - Qualifying holdings, powers of the supervisory authority Title I › Chapter IV › Section 4
- amended Article 63 - Voting rights Title I › Chapter IV › Section 4
- amended Article 64 - Professional secrecy Title I › Chapter IV › Section 5
- amended Article 68 - Exchange of information with other authorities Title I › Chapter IV › Section 5
- amended Article 70 - Transmission of information to central banks, monetary authorities, payment systems overseers and the European Systemic Risk Board Title I › Chapter IV › Section 5
- amended Article 72 - Duties of auditors Title I › Chapter IV › Section 6
- amended Article 77 - Calculation of technical provisions Title I › Chapter VI › Section 2
- amended Article 77a - Extrapolation of the relevant risk-free interest rate term structure Title I › Chapter VI › Section 2
- amended Article 77b - Matching adjustment to the relevant risk-free interest rate term structure Title I › Chapter VI › Section 2
- amended Article 77d - Volatility adjustment to the relevant risk-free interest rate term structure Title I › Chapter VI › Section 2
- amended Article 77e - Technical information produced by the European Insurance and Occupational Pensions Authority Title I › Chapter VI › Section 2
- amended Article 86 - Delegated acts and regulatory and implementing technical standards Title I › Chapter VI › Section 2
- amended Article 92 - Delegated acts and regulatory and implementing technical standards Title I › Chapter VI › Section 3 › Subsection 1
- amended Article 95 - Classification of own funds into tiers Title I › Chapter VI › Section 3 › Subsection 2
- amended Article 96 - Classification of specific insurance own-fund items Title I › Chapter VI › Section 3 › Subsection 2
- amended Article 105 - Calculation of the Basic Solvency Capital Requirement Title I › Chapter VI › Section 4 › Subsection 2
- inserted Article 105a - Long-term equity investments Title I › Chapter VI › Section 4 › Subsection 2
- amended Article 106 - Calculation of the equity risk sub-module: symmetric adjustment mechanism Title I › Chapter VI › Section 4 › Subsection 2
- amended Article 109 - Simplifications in the standard formula Title I › Chapter VI › Section 4 › Subsection 2
- amended Article 111 - Delegated acts and regulatory and implementing technical standards concerning Articles 103 to 109 Title I › Chapter VI › Section 4 › Subsection 2
- amended Article 112 - General provisions for the approval of full and partial internal models Title I › Chapter VI › Section 4 › Subsection 3
- amended Article 122 - Calibration standards Title I › Chapter VI › Section 4 › Subsection 3
- amended Article 132 - Prudent person principle Title I › Chapter VI › Section 6
- amended Article 133 - Freedom of investment Title I › Chapter VI › Section 6
- amended Article 135 - Delegated acts and regulatory technical standards concerning qualitative requirements Title I › Chapter VI › Section 6
- inserted Article 136a - Deterioration of solvency position Title I › Chapter VII
- amended Article 138 - Non-Compliance with the Solvency Capital Requirement Title I › Chapter VII
- amendedrenamed Article 139 - Non-compliance with the Minimum Capital Requirement Title I › Chapter VII was “Article 139 - Non-Compliance with the Minimum Capital Requirement”
- amended Article 141 - Supervisory powers in deteriorating financial conditions Title I › Chapter VII
- amended Article 144 - Withdrawal of authorisation Title I › Chapter VII
- inserted Title I › Chapter VIIA - Macroprudential tools
- inserted Article 144a - Liquidity risk management Title I › Chapter VIIA
- inserted Article 144b - Supervisory powers to remedy liquidity vulnerabilities in exceptional circumstances Title I › Chapter VIIA
- inserted Article 144c - Supervisory measures to preserve the financial position of undertakings during exceptional sector-wide shocks Title I › Chapter VIIA
- inserted Article 144d - Application of additional macroprudential tools Title I › Chapter VIIA
- amended Article 145 - Conditions for branch establishment Title I › Chapter VIII › Section 1
- amended Article 149 - Changes in the nature of the risks or commitments Title I › Chapter VIII › Section 2 › Subsection 1
- renamed Title I › Chapter VIII › Section 2A - Notification, significant cross-border activities and collaboration platforms was “Section 2A - Notification and collaboration platforms”
- amended Article 152a - Notification Title I › Chapter VIII › Section 2A
- inserted Article 152aa - Significant cross-border activities Title I › Chapter VIII › Section 2A
- inserted Article 152ab - Enhanced supervisory cooperation and information exchange between home and host supervisory authorities in relation to significant-cross-border activities Title I › Chapter VIII › Section 2A
- amended Article 152b - Collaboration platforms Title I › Chapter VIII › Section 2A
- amendedrenamed Article 153 - Timeframe and language of information requests Title I › Chapter VIII › Section 3 › Subsection 1 was “Article 153 - Language”
Title I · 128 unchanged
Article 1 · Article 3 · Article 5 · Article 7 · Article 9 · Article 10 · Article 11 · Article 12 · Article 14 · Article 15 · Article 16 · Article 17 · Article 19 · Article 20 · Article 21 · Article 22 · Article 27 · Article 28 · Article 31 · Article 32 · Article 33 · Article 34 · Article 38 · Article 39 · Article 43 · Article 46 · Article 47 · Article 48 · Article 49 · Article 50 · Article 54 · Article 55 · Article 57 · Article 61 · Article 65 · Article 65a · Article 66 · Article 67 · Article 67a · Article 69 · Article 71 · Article 73 · Article 74 · Article 75 · Article 76 · Article 77c · Article 77f · Article 78 · Article 79 · Article 80 · Article 81 · Article 82 · Article 83 · Article 84 · Article 85 · Article 87 · Article 88 · Article 89 · Article 90 · Article 91 · Article 93 · Article 94 · Article 97 · Article 98 · Article 99 · Article 100 · Article 101 · Article 102 · Article 103 · Article 104 · Article 107 · Article 108 · Article 109a · Article 110 · Article 113 · Article 114 · Article 115 · Article 116 · Article 117 · Article 118 · Article 119 · Article 120 · Article 121 · Article 123 · Article 124 · Article 125 · Article 126 · Article 127 · Article 128 · Article 129 · Article 130 · Article 131 · Article 134 · Article 136 · Article 137 · Article 140 · Article 142 · Article 143 · Article 146 · Article 147 · Article 148 · Article 150 · Article 151 · Article 152 · Article 154 · Article 155 · Article 156 · Article 157 · Article 158 · Article 159 · Article 160 · Article 161 · Article 162 · Article 163 · Article 164 · Article 165 · Article 166 · Article 167 · Article 168 · Article 169 · Article 170 · Article 171 · Article 172 · Article 173 · Article 174 · Article 175 · Article 176 · Article 177
Title II - SPECIFIC PROVISIONS FOR INSURANCE AND REINSURANCE
- amended Article 201 - Free choice of lawyer Title II › Chapter II › Section 4
Title II · 33 unchanged
Article 178 · Article 179 · Article 180 · Article 181 · Article 182 · Article 183 · Article 184 · Article 185 · Article 186 · Article 187 · Article 188 · Article 189 · Article 190 · Article 191 · Article 192 · Article 193 · Article 194 · Article 195 · Article 196 · Article 197 · Article 198 · Article 199 · Article 200 · Article 202 · Article 203 · Article 204 · Article 205 · Article 206 · Article 207 · Article 208 · Article 209 · Article 210 · Article 211
Title III - SUPERVISION OF INSURANCE AND REINSURANCE UNDERTAKINGS IN A GROUP
- amended Article 212 - Definitions Title III › Chapter I › Section 1
- amended Article 213 - Cases of application of group supervision Title III › Chapter I › Section 2
- inserted Article 213a - Use of proportionality measures at the level of the group Title III › Chapter I › Section 2
- inserted Article 213b - Impediments to group supervision Title III › Chapter I › Section 2
- amended Article 214 - Scope of group supervision Title III › Chapter I › Section 2
- amended Article 220 - Choice of method Title III › Chapter II › Section 1 › Subsection 2
- amended Article 221 - Inclusion of proportional share Title III › Chapter II › Section 1 › Subsection 2
- amended Article 222 - Elimination of double use of eligible own funds Title III › Chapter II › Section 1 › Subsection 2
- amendedrenamed Article 226 - Intermediate holding companies Title III › Chapter II › Section 1 › Subsection 3 was “Article 226 - Intermediate insurance holding companies”
- amended Article 227 - Equivalence concerning related third-country insurance and re-insurance undertakings Title III › Chapter II › Section 1 › Subsection 3
- amendedrenamed Article 228 - Treatment of specific related undertakings from other financial sectors Title III › Chapter II › Section 1 › Subsection 3 was “Article 228 - Related credit institutions, investment firms and financial institutions”
- amended Article 229 - Non-availability of the necessary information Title III › Chapter II › Section 1 › Subsection 3
- inserted Article 229a - Simplified calculations Title III › Chapter II › Section 1 › Subsection 3
- amended Article 230 - Method 1 (Default method): Accounting consolidation-based method Title III › Chapter II › Section 1 › Subsection 4
- amended Article 232 - Group capital add-on Title III › Chapter II › Section 1 › Subsection 4
- amended Article 233 - Method 2 (Alternative method): Deduction and aggregation method Title III › Chapter II › Section 1 › Subsection 4
- inserted Article 233a - Combination of methods 1 and 2 Title III › Chapter II › Section 1 › Subsection 4
- inserted Article 233b - Long-term equities at group level Title III › Chapter II › Section 1 › Subsection 4
- amendedrenamed Article 234 - Delegated acts for technical principles and methods set out in Articles 220 to 229, for the simplified approach set out in Article 229a, and for the application of Articles 230 to 233a Title III › Chapter II › Section 1 › Subsection 4 was “Article 234 - Delegated acts concerning Articles 220 to 229 and 230 to 233”
- amended Article 244 - Supervision of risk concentration Title III › Chapter II › Section 2
- amended Article 245 - Supervision of intra-group transactions Title III › Chapter II › Section 2
- amended Article 246 - Supervision of the system of governance Title III › Chapter II › Section 3
- inserted Title III › Chapter IIA - Macroprudential rules at group level
- inserted Article 246a - Liquidity risk management at group level Title III › Chapter IIA
- inserted Article 246b - Other macroprudential rules Title III › Chapter IIA
- amended Article 252 - Cooperation with authorities responsible for credit institutions and investment firms Title III › Chapter III
- amended Article 254 - Access to information Title III › Chapter III
- amended Article 256 - Group solvency and financial condition report Title III › Chapter III
- inserted Article 256b - Group regular supervisory report Title III › Chapter III
- inserted Article 256c - Solvency and financial condition report: Audit requirement Title III › Chapter III
- amendedrenamed Article 257 - Fit and proper requirements for persons who effectively run an insurance holding company or a mixed financial holding company or who have other key functions Title III › Chapter III was “Article 257 - Administrative, management or supervisory body of insurance holding companies and mixed financial holding companies”
- amended Article 258 - Enforcement measures Title III › Chapter III
- amended Article 262 - Parent undertakings registered in a third country: absence of equivalence Title III › Chapter IV
- amended Article 265 - Intra-group transactions Title III › Chapter V
Title III · 32 unchanged
Article 215 · Article 216 · Article 217 · Article 218 · Article 219 · Article 223 · Article 224 · Article 225 · Article 231 · Article 235 · Article 236 · Article 237 · Article 238 · Article 239 · Article 240 · Article 241 · Article 242 · Article 243 · Article 247 · Article 248 · Article 249 · Article 250 · Article 251 · Article 253 · Article 255 · Article 256a · Article 259 · Article 260 · Article 261 · Article 263 · Article 264 · Article 266
Title IV - REORGANISATION AND WINDING-UP OF INSURANCE UNDERTAKINGS
- amended Article 267 - Scope of this Title Title IV › Chapter I
- amended Article 268 - Definitions Title IV › Chapter I
Title IV · 28 unchanged
Article 269 · Article 270 · Article 271 · Article 272 · Article 273 · Article 274 · Article 275 · Article 276 · Article 277 · Article 278 · Article 279 · Article 280 · Article 281 · Article 282 · Article 283 · Article 284 · Article 285 · Article 286 · Article 287 · Article 288 · Article 289 · Article 290 · Article 291 · Article 292 · Article 293 · Article 294 · Article 295 · Article 296
Title V - OTHER PROVISIONS
- amended Article 301 - Committee procedure Title V
- amended Article 301a - Exercise of the delegation Title V
- amended Article 304 - Duration-based equity risk sub-module Title V
- amended Article 304b - Accessibility of information on the European single access point Title V
- inserted Article 304c - Report as regards sustainability risk Title V
- inserted Article 304d - Review as regards separation of life and non-life activities and capital buffers Title V
- inserted Article 304e - Extension of deadlines in exceptional circumstances Title V
Title V · 6 unchanged
Article 297 · Article 298 · Article 299 · Article 300 · Article 301b · Article 302
Title VI - TRANSITIONAL AND FINAL PROVISIONS
- amended Article 305 - Derogations and abolition of restrictive measures Title VI › Chapter I › Section 1
- removed Article 308a - Phasing-in Title VI › Chapter I › Section 3
- amended Article 308b - Transitional measures Title VI › Chapter I › Section 3
- amended Article 308c - Transitional measure on the risk-free interest rates Title VI › Chapter I › Section 3
- amended Article 308d - Transitional measure on technical provisions Title VI › Chapter I › Section 3
- amended Article 308e - Phasing-in plan on the transitional measures on risk-free interest rates and on technical provisions Title VI › Chapter I › Section 3
- inserted Article 308f Title VI › Chapter I › Section 3
- amended Article 309 - Transposition Title VI › Chapter II
- amended Article 311 - Entry into force Title VI › Chapter II
Title VI · 6 unchanged
Article 306 · Article 307 · Article 308 · Article 310 · Article 310a · Article 312