reorganisation measures
Uses as of 01/02/2007
Definitions over time (2)
-
30/01/2027 – today Article 268, Solvency II Directive Scope: Title IV
For the purpose of this Title the following definitions shall apply:
‘reorganisation measures’ means measures involving any intervention by the competent authorities which are intended to preserve or restore the financial situation of an insurance undertaking and which affect pre-existing rights of parties other than the insurance undertaking itself, including the suspension of payments or enforcement measures or the reduction of claims, the application of the resolution tools referred to in Article 26(3) of Directive (EU) 2025/1 and the exercise of resolution powers referred to in Title III, Chapter IV, of that Directive;
-
09/12/2011 – 30/01/2027 Article 268, Solvency II Directive Scope: Title IV
For the purpose of this Title the following definitions shall apply:
‘reorganisation measures’ means measures involving any intervention by the competent authorities which are intended to preserve or restore the financial situation of an insurance undertaking and which affect pre-existing rights of parties other than the insurance undertaking itself, including but not limited to measures involving the possibility of a suspension of payments, suspension of enforcement measures or reduction of claims;
Other definitions of this term in this act (1)
Each has its own scope, dates and uses. Open one to see when it applies.
Used in (0 places in 0 provisions on 01/02/2007)
No text uses this concept on 01/02/2007.