reorganisation measures
Definitions over time (1)
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06/01/2010 – 09/12/2011 Article 268, Solvency II Directive Scope: Title IV
1. 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)
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