operational risk

Defined in Article 13, Solvency II Directive

Definitions over time (2)

1. 30/06/2021 – today applies on 09/11/2026 Article 13, Solvency II Directive Scope: Whole act

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

   ‘operational risk’ means the risk of loss arising from inadequate or failed internal processes, personnel or systems, or from external events;

2. 09/12/2011 – 12/01/2017 Article 13, Solvency II Directive Scope: Whole act

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

   ‘operational risk’ means the risk of loss arising from inadequate or failed internal processes, personnel or systems, or from external events;

Used in (13 places in 8 provisions on 09/11/2026)

Solvency II Directive (13 in 8)

Article 13 · Article 44 · Article 49 · Article 101² · Article 103 · Article 107⁵ · Article 111 · Article 112