Preamble
Recitals 44
Title I - SCOPE AND DEFINITIONS (Article 1-2) 2
Title II - THE TAKING-UP OF THE BUSINESS OF REINSURANCE AND AUTHORISATION OF THE REINSURANCE UNDERTAKING (Article 3-14) 12
Title III - CONDITIONS GOVERNING THE BUSINESS OF REINSURANCE (Article 15-44) 31
Title IV - PROVISIONS RELATING TO FINITE REINSURANCE AND SPECIAL PURPOSE VEHICLES (Article 45-46) 2
Title V - PROVISIONS RELATING TO RIGHT OF ESTABLISHMENT AND FREEDOM TO PROVIDE SERVICES (Article 47-48) 2
Title VI - REINSURANCE UNDERTAKINGS WHOSE HEAD OFFICES ARE OUTSIDE THE COMMUNITY AND CONDUCTING REINSURANCE ACTIVITIES IN THE COMMUNITY (Article 49-50) 2
Title VII - SUBSIDIARIES OF PARENT UNDERTAKINGS GOVERNED BY THE LAWS OF A THIRD COUNTRY AND ACQUISITIONS OF HOLDINGS BY SUCH PARENT UNDERTAKINGS (Article 51-52) 2
Title VIII - OTHER PROVISIONS (Article 53-56) 4
Title IX - AMENDMENTS TO EXISTING DIRECTIVES (Article 57-60) 4
Title X - TRANSITIONAL AND FINAL PROVISIONS (Article 61-66) 6
Annexes 2
- Annex I - Forms of reinsurance undertakings:
- Annex II - CALCULATION OF THE ADJUSTED SOLVENCY OF INSURANCE UNDERTAKINGS AND REINSURANCE UNDERTAKINGS
Amending acts 3

close links

Definitions over time (1)

10/12/2005 – 21/09/2007 Article 2, Directive 2005/68/EC Scope: Whole act

1. For the purposes of this Directive, the following definitions shall apply:

‘close links’ means a situation in which two or more natural or legal persons are linked by:(i)participation, which shall mean the ownership, direct or by way of control, of 20 % or more of the voting rights or capital of an undertaking, or(ii)control, in all the cases referred to in Article 1(1) and (2) of Directive 83/349/EEC or a similar relationship between any natural or legal person and an undertaking;

Each has its own scope, dates and uses. Open one to see when it applies.

No text uses this concept on 12/11/2026.