solvent run-off tool
Defined in Article 2, Directive (EU) 2025/1 (IRRD)
Definitions over time (1)
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For the purposes of this Directive, the following definitions apply:
‘solvent run-off tool’ means the mechanism for prohibiting an undertaking under resolution to conclude new insurance or reinsurance contracts and for limiting its activity to the exclusive administration of its existing portfolio until termination of its activities and winding-up under normal insolvency proceedings in accordance with Article 27;
Used in (8 places in 5 provisions on 11/11/2026)
Directive (EU) 2025/1 (IRRD) (8 in 5)
Article 2 · Article 26 · Article 274 · Article 30 · Article 35