◷
New version applies from 31/03/2015 — introduced by Directive 2014/51/EU.
145 provisions change.
Later 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.
Solvency II Directive
19/12/2013 → 23/05/2014: 18 inserted · 0 removed · 221 amended · 0 moved · 19 renamed · 242 unchanged
Position-only shifts inside the same heading are not changes. Amended = the printed text changed.
Preamble
Preamble · 1 unchanged
Recitals
- 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
Recitals · 1 unchanged
Title I - GENERAL RULES ON THE TAKING-UP AND PURSUIT OF DIRECT INSURANCE AND REINSURANCE ACTIVITIES
- amended Article 13 - Definitions Title I › Chapter I › Section 3
- amended Article 17 - Legal form of the insurance or reinsurance undertaking Title I › Chapter II
- amended Article 24 - Shareholders and members with qualifying holdings Title I › Chapter II
- inserted Article 25a - Notification and publication of authorisations or withdrawals of authorisation Title I › Chapter II
- amended Article 29 - General principles of supervision Title I › Chapter III
- amended Article 31 - Transparency and accountability Title I › Chapter III
- amended Article 33 - Supervision of branches established in another Member State Title I › Chapter III
- amended Article 35 - Information to be provided for supervisory purposes 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 44 - Risk management Title I › Chapter IV › Section 2
- amended Article 45 - Own risk and solvency assessment Title I › Chapter IV › Section 2
- amendedrenamed Article 50 - Delegated acts and regulatory technical standards Title I › Chapter IV › Section 2 was “Article 50 - Implementing measures”
- amended Article 51 - Report on solvency and financial condition: contents Title I › Chapter IV › Section 3
- amendedrenamed Article 52 - Information for and reports by the European Insurance and Occupational Pensions Authority Title I › Chapter IV › Section 3 was “Article 52 - Information for and reports by CEIOPS”
- amendedrenamed Article 56 - Solvency and financial condition report: delegated acts and implementing technical standards Title I › Chapter IV › Section 3 was “Article 56 - Solvency and financial condition report: implementing measures”
- amended Article 58 - Assessment period Title I › Chapter IV › Section 4
- amended Article 59 - Assessment Title I › Chapter IV › Section 4
- inserted Article 65a - Cooperation with EIOPA Title I › Chapter IV › Section 5
- inserted Article 67a - European Parliament powers of investigation Title I › Chapter IV › Section 5
- amended Article 69 - Disclosure of information to government administrations responsible for financial legislation Title I › Chapter IV › Section 5
- amendedrenamed 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 was “Article 70 - Transmission of information to central banks and monetary authorities”
- 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 75 - Valuation of assets and liabilities Title I › Chapter VI › Section 1
- inserted Article 77a - Extrapolation of the relevant risk-free interest rate term structure Title I › Chapter VI › Section 2
- inserted Article 77b - Matching adjustment to the relevant risk-free interest rate term structure Title I › Chapter VI › Section 2
- inserted Article 77c - Calculation of the matching adjustment Title I › Chapter VI › Section 2
- inserted Article 77d - Volatility adjustment to the relevant risk-free interest rate term structure Title I › Chapter VI › Section 2
- inserted Article 77e - Technical information produced by the European Insurance and Occupational Pensions Authority Title I › Chapter VI › Section 2
- inserted Article 77f - Review of long-term guarantees measures and measures on equity risk Title I › Chapter VI › Section 2
- amendedrenamed Article 86 - Delegated acts and regulatory and implementing technical standards Title I › Chapter VI › Section 2 was “Article 86 - Implementing measures”
- amendedrenamed Article 97 - Delegated acts and regulatory technical standards Title I › Chapter VI › Section 3 › Subsection 2 was “Article 97 - Implementing measures”
- amendedrenamed Article 99 - Delegated acts on the eligibility of own funds Title I › Chapter VI › Section 3 › Subsection 3 was “Article 99 - Implementing measures”
- inserted Article 109a - Harmonised technical inputs to standard formula Title I › Chapter VI › Section 4 › Subsection 2
- amendedrenamed Article 111 - Delegated acts and regulatory and implementing technical standards concerning Articles 103 to 109 Title I › Chapter VI › Section 4 › Subsection 2 was “Article 111 - Implementing measures”
- amendedrenamed Article 114 - Delegated acts and implementing technical standards concerning the Solvency Capital Requirement internal models Title I › Chapter VI › Section 4 › Subsection 3 was “Article 114 - Implementing measures”
- amendedrenamed Article 127 - Delegated acts concerning Articles 120 to 126 Title I › Chapter VI › Section 4 › Subsection 3 was “Article 127 - Implementing measures”
- amended Article 129 - Calculation of the Minimum Capital Requirement Title I › Chapter VI › Section 5
- amendedrenamed Article 130 - Delegated acts Title I › Chapter VI › Section 5 was “Article 130 - Implementing measures”
- amended Article 131 - Transitional arrangements regarding compliance with the Minimum Capital Requirement Title I › Chapter VI › Section 5
- amendedrenamed Article 135 - Delegated acts and regulatory technical standards concerning qualitative requirements Title I › Chapter VI › Section 6 was “Article 135 - Implementing measures”
- amended Article 138 - Non-Compliance with the Solvency Capital Requirement Title I › Chapter VII
- amendedrenamed Article 143 - Delegated acts and regulatory technical standards concerning Article 138(4) Title I › Chapter VII was “Article 143 - Implementing measures”
- amended Article 149 - Changes in the nature of the risks or commitments Title I › Chapter VIII › Section 2 › Subsection 1
- amended Article 155 - Insurance undertakings not complying with the legal provisions 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
- amendedrenamed Article 172 - Equivalence in relation to reinsurance undertakings Title I › Chapter IX › Section 2 was “Article 172 - Equivalence”
- amended Article 177 - Third-country treatment of Community insurance and reinsurance undertakings Title I › Chapter X
Title I · 137 unchanged
Article 1 · Article 2 · Article 3 · Article 4 · Article 5 · Article 6 · Article 7 · Article 8 · Article 9 · Article 10 · Article 11 · Article 12 · Article 14 · Article 15 · Article 16 · Article 18 · Article 19 · Article 20 · Article 21 · Article 22 · Article 23 · Article 25 · Article 26 · Article 27 · Article 28 · Article 30 · Article 32 · Article 34 · Article 36 · Article 39 · Article 40 · Article 41 · Article 42 · Article 43 · Article 46 · Article 47 · Article 48 · Article 49 · Article 53 · Article 54 · Article 55 · Article 57 · Article 60 · Article 61 · Article 62 · Article 63 · Article 64 · Article 65 · Article 66 · Article 67 · Article 68 · Article 73 · Article 74 · Article 76 · Article 77 · 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 92 · Article 93 · Article 94 · Article 95 · Article 96 · Article 98 · Article 100 · Article 101 · Article 102 · Article 103 · Article 104 · Article 105 · Article 106 · Article 107 · Article 108 · Article 109 · Article 110 · Article 112 · Article 113 · Article 115 · Article 116 · Article 117 · Article 118 · Article 119 · Article 120 · Article 121 · Article 122 · Article 123 · Article 124 · Article 125 · Article 126 · Article 128 · Article 132 · Article 133 · Article 134 · Article 136 · Article 137 · Article 139 · Article 140 · Article 141 · Article 142 · Article 144 · Article 145 · Article 146 · Article 147 · Article 148 · Article 150 · Article 151 · Article 152 · Article 153 · Article 154 · Article 156 · Article 157 · 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 173 · Article 174 · Article 175 · Article 176
Title II - SPECIFIC PROVISIONS FOR INSURANCE AND REINSURANCE
- amended Article 201 - Free choice of lawyer Title II › Chapter II › Section 4
- amended Article 210 - Finite reinsurance Title II › Chapter IV
- amended Article 211 - Special purpose vehicles Title II › Chapter IV
Title II · 31 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
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 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
- amendedrenamed Article 227 - Equivalence concerning related third-country insurance and re-insurance undertakings Title III › Chapter II › Section 1 › Subsection 3 was “Article 227 - Related third-country insurance and reinsurance undertakings”
- 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
- amendedrenamed Article 234 - Delegated acts concerning Articles 220 to 229 and 230 to 233 Title III › Chapter II › Section 1 › Subsection 4 was “Article 234 - Implementing measures”
- 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
- amendedrenamed Article 241 - Subsidiaries of an insurance or reinsurance undertaking: delegated acts Title III › Chapter II › Section 1 › Subsection 6 was “Article 241 - Subsidiaries of an insurance or reinsurance undertaking: implementing measures”
- amended Article 242 - Review Title III › Chapter II › Section 1 › Subsection 6
- 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 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
- inserted Article 256a - Group structure Title III › Chapter III
- amended Article 258 - Enforcement measures Title III › Chapter III
- amendedrenamed Article 259 - Reporting of EIOPA Title III › Chapter III was “Article 259 - Reporting of CEIOPS”
- amendedrenamed Article 260 - Parent undertakings outside the Union: verification of equivalence Title III › Chapter IV was “Article 260 - Parent undertakings outside the Community: verification of equivalence”
- amended Article 262 - Parent undertakings registered in a third country: absence of equivalence Title III › Chapter IV
Title III · 28 unchanged
Article 214 · Article 215 · Article 218 · Article 219 · Article 220 · Article 221 · Article 222 · Article 223 · Article 224 · Article 225 · Article 226 · Article 228 · Article 229 · Article 230 · Article 235 · Article 236 · Article 240 · Article 243 · Article 246 · Article 251 · Article 252 · Article 253 · Article 257 · Article 261 · Article 263 · Article 264 · Article 265 · Article 266
Title IV - REORGANISATION AND WINDING-UP OF INSURANCE UNDERTAKINGS
Title IV · 30 unchanged
Article 267 · Article 268 · 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 300 - Revision of amounts expressed in euro Title V
- amended Article 301 - Committee procedure Title V
- inserted Article 301a - Exercise of the delegation Title V
- inserted Article 301b - Sunrise provision for regulatory technical standards 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
- inserted Title VI › Chapter I › Section 3 - Insurance and reinsurance
- inserted Article 308a - Phasing-in Title VI › Chapter I › Section 3
- inserted Article 308b - Transitional measures Title VI › Chapter I › Section 3
- inserted Article 308c - Transitional measure on the risk-free interest rates Title VI › Chapter I › Section 3
- inserted Article 308d - Transitional measure on technical provisions Title VI › Chapter I › Section 3
- inserted Article 308e - Phasing-in plan on the transitional measures on risk-free interest rates and on technical provisions 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 305 · Article 306 · Article 307 · Article 308 · Article 310 · Article 312