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Reinsurance Directive

Directive 2005/68/EC on reinsurance and amending Council Directives 73/239/EEC, 92/49/EEC as well as Directives 98/78/EC and 2002/83/EC
32005L0068 · official text on EUR-Lex

Articles

• Article 1 — Scope
• Article 2 — Definitions
• Article 3 — Principle of authorisation
• Article 4 — Scope of authorisation
• Article 5 — Form of the reinsurance undertaking
• Article 6 — Conditions
• Article 7 — Close links
• Article 8 — Head office of the reinsurance undertaking
• Article 9 — Policy conditions and scales of premiums
• Article 10 — Economic requirements of the market
• Article 11 — Scheme of operations
• Article 12 — Shareholders and members with qualifying holdings
• Article 13 — Refusal of authorisation
• Article 14 — Prior consultation with the competent authorities of other Member States

Section 1 Competent authorities and general rules

• Article 15 — Competent authorities and object of supervision
• Article 16 — Supervision of branches established in another Member State
• Article 17 — Accounting, prudential and statistical information: supervisory powers
• Article 18 — Transfer of portfolio

Section 2 Qualifying holdings

• Article 19 — Acquisitions
• Article 20 — Acquisitions by financial undertakings
• Article 21 — Disposals
• Article 22 — Information to the competent authority by the reinsurance undertaking
• Article 23 — Qualifying holdings: powers of the competent authority

Section 3 Professional secrecy and exchanges of information

• Article 24 — Obligation
• Article 25 — Exchange of information between competent authorities of Member States
• Article 26 — Cooperation agreements with third countries
• Article 27 — Use of confidential information
• Article 28 — Exchange of information with other authorities
• Article 29 — Transmission of information to central banks and monetary authorities
• Article 30 — Disclosure of information to government administrations responsible for financial legislation

Section 4 Duties of auditors

• Article 31 — Duties of auditors
• Article 32 — Establishment of technical provisions
• Article 33 — Equalisation reserves
• Article 34 — Assets covering technical provisions

Section 1 Available solvency margin

• Article 35 — General rule
• Article 36 — Eligible items

Section 2 Required solvency margin

• Article 37 — Required solvency margin for non-life reinsurance activities
• Article 38 — Required solvency margin for life reassurance activities
• Article 39 — Required solvency margin for a reinsurance undertaking simultaneously conducting non-life and life reinsurance

Section 3 Guarantee fund

• Article 40 — Amount of the guarantee fund
• Article 41 — Review of the amount of the guarantee fund
• Article 42 — Reinsurance undertakings in difficulty
• Article 43 — Financial recovery plan
• Article 44 — Withdrawal of authorisation
• Article 45 — Finite reinsurance
• Article 46 — Special purpose vehicles
• Article 47 — Reinsurance undertakings not complying with the legal provisions
• Article 48 — Winding-up
• Article 49 — Principle and conditions for conducting reinsurance business
• Article 50 — Agreements with third countries
• Article 51 — Information from Member States to the Commission
• Article 52 — Third country treatment of Community reinsurance undertakings
• Article 53 — Right to apply to the courts
• Article 54 — Cooperation between the Member States and the Commission
• Article 55 — Committee procedure
• Article 56 — Implementing measures
• Article 57 — Amendments to Directive 73/239/EEC
• Article 58 — Amendments to Directive 92/49/EEC
• Article 59 — Amendments to Directive 98/78/EC
• Article 60 — Amendments to Directive 2002/83/EC
• Article 61 — Right acquired by existing reinsurance undertakings
• Article 62 — Reinsurance undertakings closing their activity
• Article 63 — Transitional period for Articles 57(3) and 60(6)
• Article 64 — Transposition
• Article 65 — Entry into force
• Article 66 — Addressees