major business unit

Definitions over time (2)

02/04/2016 – today applies on 12/11/2026 Article 1, Commission Delegated Regulation (EU) 2015/35 Scope: Whole act

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

in relation to an insurance or reinsurance undertaking, ‘major business unit’ means a defined segment of the insurance and reinsurance undertaking that operates independently from other parts of the undertaking and has dedicated governance resources and procedures within the undertaking and which contains risks that are material in relation to the entire business of the undertaking;
17/01/2015 – 18/01/2015 Article 1, Commission Delegated Regulation (EU) 2015/35 Scope: Whole act

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

in relation to an insurance or reinsurance undertaking, ‘major business unit’ means a defined segment of the insurance and reinsurance undertaking that operates independently from other parts of the undertaking and has dedicated governance resources and procedures within the undertaking and which contains risks that are material in relation to the entire business of the undertaking;

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

Open an entry to see its definitions, dates and uses. Separate scopes and histories are kept intact.