Solvency II Directive
06/01/2010 → 09/12/2011: 1 inserted · 0 removed · 356 amended · 0 moved · 11 renamed · 106 unchanged
Position-only shifts inside the same heading are not changes. Amended = the printed text changed.
Preamble
- amended Preamble
Recitals
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- amended Recital 140
- amended Recital 141
- inserted Recital
- amended Recital 142
Title I - GENERAL RULES ON THE TAKING-UP AND PURSUIT OF DIRECT INSURANCE AND REINSURANCE ACTIVITIES
- amended Article 1 - Subject matter Title I › Chapter I › Section 1
- 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 5 - Operations Title I › Chapter I › Section 2 › Subsection 2
- 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 9 - Operations and activities Title I › Chapter I › Section 2 › Subsection 3
- amended Article 10 - Organisations, undertakings and institutions Title I › Chapter I › Section 2 › Subsection 3
- amended Article 12 - Reinsurance undertakings closing their activity Title I › Chapter I › Section 2 › Subsection 4
- amended Article 13 - Definitions Title I › Chapter I › Section 3
- amended Article 14 - Principle of authorisation Title I › Chapter II
- amended Article 15 - Scope of authorisation Title I › Chapter II
- amended Article 16 - Ancillary risks Title I › Chapter II
- amended Article 17 - Legal form of the insurance or reinsurance undertaking Title I › Chapter II
- amended Article 18 - Conditions for authorisation Title I › Chapter II
- amended Article 21 - Policy conditions and scales of premiums 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 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
- amended Article 30 - Supervisory authorities and scope of supervision Title I › Chapter III
- amended Article 31 - Transparency and accountability Title I › Chapter III
- amended Article 32 - Prohibition of refusal of reinsurance contracts or retrocession contracts Title I › Chapter III
- amended Article 34 - General supervisory powers Title I › Chapter III
- amended Article 35 - Information to be provided for supervisory purposes 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 38 - Supervision of outsourced functions and activities Title I › Chapter III
- amended Article 39 - Transfer of portfolio Title I › Chapter III
- 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 43 - Proof of good repute 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
- amended Article 46 - Internal control Title I › Chapter IV › Section 2
- amended Article 47 - Internal audit Title I › Chapter IV › Section 2
- amended Article 48 - Actuarial function Title I › Chapter IV › Section 2
- amended Article 49 - Outsourcing Title I › Chapter IV › Section 2
- amended Article 50 - Implementing measures Title I › Chapter IV › Section 2
- amended Article 51 - Report on solvency and financial condition: contents Title I › Chapter IV › Section 3
- amended Article 52 - Information for and reports by CEIOPS 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 54 - Report on solvency and financial condition: updates and additional voluntary information Title I › Chapter IV › Section 3
- amended Article 55 - Report on solvency and financial condition: policy and approval Title I › Chapter IV › Section 3
- amended Article 57 - Acquisitions Title I › Chapter IV › Section 4
- 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 67 - Use of confidential information 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 and monetary authorities Title I › Chapter IV › Section 5
- amended Article 71 - Supervisory convergence Title I › Chapter IV › Section 5
- amended Article 72 - Duties of auditors Title I › Chapter IV › Section 6
- amended Article 73 - Pursuit of life and non-life insurance activity Title I › Chapter V
- amended Article 74 - Separation of life and non-life insurance management Title I › Chapter V
- amended Article 75 - Valuation of assets and liabilities Title I › Chapter VI › Section 1
- amended Article 76 - General provisions Title I › Chapter VI › Section 2
- amended Article 77 - Calculation of technical provisions Title I › Chapter VI › Section 2
- amended Article 78 - Other elements to be taken into account in the calculation of technical provisions Title I › Chapter VI › Section 2
- amended Article 86 - Implementing measures Title I › Chapter VI › Section 2
- amended Article 88 - Basic own funds Title I › Chapter VI › Section 3 › Subsection 1
- amended Article 89 - Ancillary own funds Title I › Chapter VI › Section 3 › Subsection 1
- amended Article 90 - Supervisory approval of ancillary own funds Title I › Chapter VI › Section 3 › Subsection 1
- amended Article 91 - Surplus funds Title I › Chapter VI › Section 3 › Subsection 1
- amended Article 92 - Implementing measures Title I › Chapter VI › Section 3 › Subsection 1
- amended Article 93 - Characteristics and features used to classify own funds into tiers Title I › Chapter VI › Section 3 › Subsection 2
- amended Article 94 - Main criteria for the classification 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 97 - Implementing measures Title I › Chapter VI › Section 3 › Subsection 2
- amended Article 98 - Eligibility and limits applicable to Tiers 1, 2 and 3 Title I › Chapter VI › Section 3 › Subsection 3
- amended Article 99 - Implementing measures Title I › Chapter VI › Section 3 › Subsection 3
- amended Article 101 - Calculation of the Solvency Capital Requirement Title I › Chapter VI › Section 4 › Subsection 1
- amended Article 102 - Frequency of calculation Title I › Chapter VI › Section 4 › Subsection 1
- amended Article 103 - Structure of the standard formula Title I › Chapter VI › Section 4 › Subsection 2
- amended Article 104 - Design of the Basic Solvency Capital Requirement Title I › Chapter VI › Section 4 › Subsection 2
- amended Article 105 - Calculation of the Basic Solvency Capital Requirement 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 107 - Capital requirement for operational risk Title I › Chapter VI › Section 4 › Subsection 2
- amended Article 111 - Implementing measures 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 113 - Specific provisions for the approval of partial internal models Title I › Chapter VI › Section 4 › Subsection 3
- amended Article 114 - Implementing measures Title I › Chapter VI › Section 4 › Subsection 3
- amended Article 118 - Non-compliance of the internal model Title I › Chapter VI › Section 4 › Subsection 3
- amended Article 120 - Use test Title I › Chapter VI › Section 4 › Subsection 3
- amended Article 121 - Statistical quality standards Title I › Chapter VI › Section 4 › Subsection 3
- amended Article 122 - Calibration standards Title I › Chapter VI › Section 4 › Subsection 3
- amended Article 129 - Calculation of the Minimum Capital Requirement Title I › Chapter VI › Section 5
- 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 134 - Localisation of assets and prohibition of pledging of assets Title I › Chapter VI › Section 6
- amended Article 135 - Implementing measures Title I › Chapter VI › Section 6
- amended Article 138 - Non-Compliance with the Solvency Capital Requirement Title I › Chapter VII
- amended Article 139 - Non-Compliance with the Minimum Capital Requirement Title I › Chapter VII
- amended Article 142 - Recovery plan and finance scheme Title I › Chapter VII
- amended Article 144 - Withdrawal of authorisation Title I › Chapter VII
- amended Article 145 - Conditions for branch establishment Title I › Chapter VIII › Section 1
- amended Article 146 - Communication of information Title I › Chapter VIII › Section 1
- amended Article 148 - Notification by the home Member State Title I › Chapter VIII › Section 2 › Subsection 1
- amended Article 150 - Compulsory insurance on third party motor vehicle liability Title I › Chapter VIII › Section 2 › Subsection 2
- amended Article 152 - Representative Title I › Chapter VIII › Section 2 › Subsection 2
- amended Article 154 - Prior notification and prior approval Title I › Chapter VIII › Section 3 › Subsection 1
- amended Article 155 - Insurance undertakings not complying with the legal provisions Title I › Chapter VIII › Section 3 › Subsection 1
- amended Article 157 - Taxes on premiums Title I › Chapter VIII › Section 3 › Subsection 1
- amended Article 158 - Reinsurance undertakings not complying with the legal provisions Title I › Chapter VIII › Section 3 › Subsection 2
- amended Article 159 - Statistical information on cross-border activities Title I › Chapter VIII › Section 4
- amended Article 162 - Principle of authorisation and conditions Title I › Chapter IX › Section 1
- amended Article 163 - Scheme of operations of the branch Title I › Chapter IX › Section 1
- amended Article 164 - Transfer of portfolio Title I › Chapter IX › Section 1
- amended Article 166 - Solvency Capital Requirement and Minimum Capital Requirement Title I › Chapter IX › Section 1
- amended Article 167 - Advantages to undertakings authorised in more than one Member State Title I › Chapter IX › Section 1
- amended Article 169 - Separation of non-life and life business Title I › Chapter IX › Section 1
- amended Article 172 - Equivalence Title I › Chapter IX › Section 2
- amended Article 175 - Agreements with third countries Title I › Chapter IX › Section 2
- amended Article 177 - Third-country treatment of Community insurance and reinsurance undertakings Title I › Chapter X
Title I · 62 unchanged
Article 3 · Article 7 · Article 11 · Article 19 · Article 20 · Article 22 · Article 25 · Article 27 · Article 28 · Article 33 · Article 40 · Article 56 · Article 61 · Article 63 · Article 64 · Article 65 · Article 66 · Article 69 · Article 79 · Article 80 · Article 81 · Article 82 · Article 83 · Article 84 · Article 85 · Article 87 · Article 95 · Article 100 · Article 108 · Article 109 · Article 110 · Article 115 · Article 116 · Article 117 · Article 119 · Article 123 · Article 124 · Article 125 · Article 126 · Article 127 · Article 128 · Article 130 · Article 131 · Article 136 · Article 137 · Article 140 · Article 141 · Article 143 · Article 147 · Article 149 · Article 151 · Article 153 · Article 156 · Article 160 · Article 161 · Article 165 · Article 168 · Article 170 · Article 171 · Article 173 · Article 174 · Article 176
Title II - SPECIFIC PROVISIONS FOR INSURANCE AND REINSURANCE
- amended Article 179 - Related obligations Title II › Chapter I › Section 2
- amended Article 181 - Non-life insurance Title II › Chapter I › Section 4
- amended Article 183 - General Information for policy holders Title II › Chapter I › Section 5 › Subsection 1
- 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 1
- amended Article 185 - Information for policy holders Title II › Chapter I › Section 5 › Subsection 2
- amended Article 186 - Cancellation period Title II › Chapter I › Section 5 › Subsection 2
- amended Article 190 - Community co-insurance operations Title II › Chapter II › Section 2
- amended Article 198 - Scope of this Section Title II › Chapter II › Section 4
- amended Article 200 - Management of claims Title II › Chapter II › Section 4
- amended Article 201 - Free choice of lawyer Title II › Chapter II › Section 4
- amended Article 202 - Exception to the free choice of lawyer Title II › Chapter II › Section 4
- amended Article 206 - Health insurance as an alternative to social security Title II › Chapter II › Section 5
- amended Article 210 - Finite reinsurance Title II › Chapter IV
- amended Article 211 - Special purpose vehicles Title II › Chapter IV
Title II · 20 unchanged
Article 178 · Article 180 · Article 182 · Article 187 · Article 188 · Article 189 · Article 191 · Article 192 · Article 193 · Article 194 · Article 195 · Article 196 · Article 197 · Article 199 · Article 203 · Article 204 · Article 205 · Article 207 · Article 208 · Article 209
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
- amended Article 214 - Scope of group supervision Title III › Chapter I › Section 2
- amended Article 215 - Ultimate parent undertaking at Community level Title III › Chapter I › Section 3
- amended Article 216 - Ultimate parent undertaking at national level Title III › Chapter I › Section 3
- amended Article 217 - Parent undertaking covering several Member States Title III › Chapter I › Section 3
- amended Article 218 - Supervision of group solvency Title III › Chapter II › Section 1 › Subsection 1
- amended Article 219 - Frequency of calculation Title III › Chapter II › Section 1 › Subsection 1
- 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
- amended Article 223 - Elimination of the intra-group creation of capital Title III › Chapter II › Section 1 › Subsection 2
- amended Article 226 - Intermediate insurance holding companies Title III › Chapter II › Section 1 › Subsection 3
- amended Article 227 - Related third-country insurance and reinsurance undertakings 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 231 - Group internal model 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
- renamed Title III › Chapter II › Section 1 › Subsection 5 - Supervision of group solvency for insurance and reinsurance undertakings that are subsidiaries of an insurance holding company or a mixed financial holding company was “Subsection 5 - Supervision of group solvency for insurance and reinsurance undertakings that are subsidiaries of an insurance holding company”
- amendedrenamed Article 235 - Group solvency of an insurance holding company or a mixed financial holding company Title III › Chapter II › Section 1 › Subsection 5 was “Article 235 - Group solvency of an insurance holding company”
- amended Article 236 - Subsidiaries of an insurance or reinsurance undertaking: conditions Title III › Chapter II › Section 1 › Subsection 6
- amended Article 237 - Subsidiaries of an insurance or reinsurance undertaking: decision on the application Title III › Chapter II › Section 1 › Subsection 6
- amended Article 238 - Subsidiaries of an insurance or reinsurance undertaking: determination of the Solvency Capital Requirement Title III › Chapter II › Section 1 › Subsection 6
- amended Article 239 - Subsidiaries of an insurance or reinsurance undertaking: non-compliance with the Solvency and Minimum Capital Requirements Title III › Chapter II › Section 1 › Subsection 6
- amended Article 240 - Subsidiaries of an insurance or reinsurance undertaking: end of derogations for a subsidiary Title III › Chapter II › Section 1 › Subsection 6
- amended Article 241 - Subsidiaries of an insurance or reinsurance undertaking: implementing measures Title III › Chapter II › Section 1 › Subsection 6
- amended Article 242 - Review Title III › Chapter II › Section 1 › Subsection 6
- amendedrenamed Article 243 - Subsidiaries of an insurance holding company and mixed financial holding company Title III › Chapter II › Section 1 › Subsection 6 was “Article 243 - Subsidiaries of an insurance holding company”
- 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
- amended Article 247 - Group Supervisor Title III › Chapter III
- amended Article 248 - Rights and duties of the group supervisor and the other supervisors College of supervisors Title III › Chapter III
- amended Article 249 - Cooperation and exchange of information between supervisory authorities Title III › Chapter III
- amended Article 250 - Consultation between supervisory authorities Title III › Chapter III
- amended Article 254 - Access to information Title III › Chapter III
- amended Article 255 - Verification of information Title III › Chapter III
- amended Article 256 - Group solvency and financial condition report Title III › Chapter III
- amendedrenamed Article 257 - Administrative, management or supervisory body of insurance holding companies and mixed financial holding companies Title III › Chapter III was “Article 257 - Administrative, management or supervisory body of insurance holding companies”
- amended Article 258 - Enforcement measures Title III › Chapter III
- amended Article 259 - Reporting of CEIOPS Title III › Chapter III
- amended Article 260 - Parent undertakings outside the Community: verification of equivalence Title III › Chapter IV
- amended Article 261 - Parent undertakings outside the Community: equivalence Title III › Chapter IV
- amendedrenamed Article 262 - Parent undertakings registered in a third country: absence of equivalence Title III › Chapter IV was “Article 262 - Parent undertakings outside the Community: absence of equivalence”
- amended Article 263 - Parent undertakings outside the Community: levels Title III › Chapter IV
- amended Article 264 - Cooperation with third-country supervisory authorities Title III › Chapter IV
- amended Article 265 - Intra-group transactions Title III › Chapter V
Title III · 9 unchanged
Article 224 · Article 225 · Article 228 · Article 229 · Article 234 · Article 251 · Article 252 · Article 253 · 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
- amended Article 269 - Adoption of reorganisation measures applicable law Title IV › Chapter II
- amended Article 271 - Publication of decisions on reorganisation measures Title IV › Chapter II
- amended Article 272 - Information to known creditors right to lodge claims Title IV › Chapter II
- amended Article 273 - Opening of winding-up proceedings information to the supervisory authorities Title IV › Chapter III
- amended Article 274 - Applicable law Title IV › Chapter III
- amended Article 275 - Treatment of insurance claims Title IV › Chapter III
- amended Article 276 - Special register Title IV › Chapter III
- amended Article 279 - Withdrawal of the authorisation Title IV › Chapter III
- amended Article 280 - Publication of decisions on winding-up proceedings Title IV › Chapter III
- amended Article 281 - Information to known creditors Title IV › Chapter III
- amended Article 282 - Right to lodge claims Title IV › Chapter III
- amended Article 283 - Languages and form Title IV › Chapter III
- amended Article 284 - Regular information to the creditors Title IV › Chapter III
- amended Article 285 - Effects on certain contracts and rights Title IV › Chapter IV
- amended Article 286 - Rights in rem of third parties Title IV › Chapter IV
- amended Article 287 - Reservation of title Title IV › Chapter IV
- amended Article 288 - Set-off Title IV › Chapter IV
- amended Article 289 - Regulated markets Title IV › Chapter IV
- amended Article 291 - Protection of third-party purchasers Title IV › Chapter IV
- amended Article 293 - Administrators and liquidators Title IV › Chapter IV
- amended Article 294 - Registration in a public register Title IV › Chapter IV
Title IV · 7 unchanged
Article 270 · Article 277 · Article 278 · Article 290 · Article 292 · Article 295 · Article 296
Title V - OTHER PROVISIONS
- amended Article 298 - Cooperation between the Member States and the Commission Title V
- amended Article 301 - Committee procedure Title V
- amended Article 303 - Amendments to Directive 2003/41/EC Title V
- amended Article 304 - Duration-based equity risk sub-module Title V
Title V · 4 unchanged
Title VI - TRANSITIONAL AND FINAL PROVISIONS
- amended Article 305 - Derogations and abolition of restrictive measures Title VI › Chapter I › Section 1
- amended Article 306 - Rights acquired by existing branches and insurance undertakings Title VI › Chapter I › Section 1
- amended Article 308 - Right acquired by existing reinsurance undertakings Title VI › Chapter I › Section 2
- amended Article 309 - Transposition Title VI › Chapter II
Title VI · 4 unchanged
Annexes
- amendedrenamed Annex I - CLASSES OF NON-LIFE INSURANCE was “Annex I”
- amendedrenamed Annex II - CLASSES OF LIFE INSURANCE was “Annex II”
- amendedrenamed Annex III - LEGAL FORMS OF UNDERTAKINGS was “Annex III”
- amendedrenamed Annex IV - SOLVENCY CAPITAL REQUIREMENT (SCR) STANDARD FORMULA was “Annex IV”
- amendedrenamed Annex V - GROUPS OF NON-LIFE INSURANCE CLASSES FOR THE PURPOSES OF ARTICLE 159 was “Annex V”
- amendedrenamed Annex VI - PART A was “Annex VI”
- amendedrenamed Annex VII - CORRELATION TABLE was “Annex VII”