group

Defined in Article 212, Solvency II Directive

Uses as of 19/12/2013

Definitions over time (4)

1. 30/01/2027 – today Article 212, Solvency II Directive Scope: Title III

   For the purposes of this Title, the following definitions shall apply:

   ‘group’ means a group of undertakings that: consists of a participating undertaking, its subsidiaries, the entities in which the participating undertaking or its subsidiaries hold a participation and undertakings that are managed by the participating undertaking or its subsidiaries jointly with one or more undertakings that are not part of the group, as well as undertakings linked to each other by a relationship as set out in Article 22(7) of Directive 2013/34/EU and their related undertakings; is based on the establishment, contractually or otherwise, of strong and sustainable financial relationships among those undertakings, and that may include mutual or mutual-type associations, provided that: one of those undertakings effectively exercises, through centralised coordination, a dominant influence over the decisions, including financial decisions, of the other undertakings that are part of the group, and the establishment and dissolution of such relationships for the purposes of this Title are subject to prior approval by the group supervisor, where the undertaking exercising the centralised coordination shall be considered as the parent undertaking, and the other undertakings shall be considered as subsidiaries; or consists of a combination of points (i) and (ii);

2. 30/06/2021 – 30/01/2027 Article 212, Solvency II Directive Scope: Title III

   For the purposes of this Title, the following definitions shall apply:

   ‘group’ means a group of undertakings that: consists of a participating undertaking, its subsidiaries and the entities in which the participating undertaking or its subsidiaries hold a participation, as well as undertakings linked to each other by a relationship as set out in Article 12(1) of Directive 83/349/EEC; or is based on the establishment, contractually or otherwise, of strong and sustainable financial relationships among those undertakings, and that may include mutual or mutual-type associations, provided that: one of those undertakings effectively exercises, through centralised coordination, a dominant influence over the decisions, including financial decisions, of the other undertakings that are part of the group; and, the establishment and dissolution of such relationships for the purposes of this Title are subject to prior approval by the group supervisor, where the undertaking exercising the centralised coordination shall be considered as the parent undertaking, and the other undertakings shall be considered as subsidiaries;

3. 12/01/2017 – 30/06/2021 Article 212, Solvency II Directive Scope: Title III

   For the purposes of this Title, the following definitions shall apply:

   ‘group’ means a group of undertakings that: consists of a participating undertaking, its subsidiaries and the entities in which the participating undertaking or its subsidiaries hold a participation, as well as undertakings linked to each other by a relationship as set out in Article 12(1) of Directive 83/349/EEC; or is based on the establishment, contractually or otherwise, of strong and sustainable financial relationships among those undertakings, and that may include mutual or mutual-type associations, provided that: one of those undertakings effectively exercises, through centralised coordination, a dominant influence over the decisions, including financial decisions, of the other undertakings that are part of the group; and, the establishment and dissolution of such relationships for the purposes of this Title are subject to prior approval by the group supervisor,

4. 09/12/2011 – 12/01/2017 applies on 19/12/2013 Article 212, Solvency II Directive Scope: Title III

   For the purposes of this Title, the following definitions shall apply:

   ‘group’ means a group of undertakings that: consists of a participating undertaking, its subsidiaries and the entities in which the participating undertaking or its subsidiaries hold a participation, as well as undertakings linked to each other by a relationship as set out in Article 12(1) of Directive 83/349/EEC; or is based on the establishment, contractually or otherwise, of strong and sustainable financial relationships among those undertakings, and that may include mutual or mutual-type associations, provided that: one of those undertakings effectively exercises, through centralised coordination, a dominant influence over the decisions, including financial decisions, of the other undertakings that are part of the group; and, the establishment and dissolution of such relationships for the purposes of this Title are subject to prior approval by the group supervisor, where the undertaking exercising the centralised coordination shall be considered as the parent undertaking, and the other undertakings shall be considered as subsidiaries;

Used in (331 places in 46 provisions on 19/12/2013)

Solvency II Directive (331 in 46)

Article 212⁶ · Article 213⁸ · Article 214¹¹ · Article 215² · Article 216⁹ · Article 217² · Article 218¹¹ · Article 219¹⁵ · Article 220⁶ · Article 221⁵ · Article 222⁵ · Article 223³ · Article 225² · Article 226⁵ · Article 227³ · Article 228⁵ · Article 229³ · Article 230⁸ · Article 231¹⁷ · Article 232⁷ · Article 233¹² · Article 235² · Article 236³ · Article 237⁴ · Article 238² · Article 240⁹ · Article 242⁷ · Article 244²⁰ · Article 245²⁰ · Article 246¹⁹ · Article 247¹⁵ · Article 248²⁰ · Article 249¹⁷ · Article 250² · Article 251⁴ · Article 253 · Article 254⁵ · Article 255³ · Article 256⁶ · Article 258⁸ · Article 259³ · Article 260⁶ · Article 261 · Article 262⁵ · Article 263 · Article 264³