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Home Insurance & Pensions Solvency II Directive

Chapter II · Financial position  ›  Section 1 · Group solvency › Article 241

Subsidiaries of an insurance or reinsurance undertaking: implementing measures

In order to ensure the uniform application of Articles 236 to 240, the Commission shall adopt implementing measures specifying:

(a)

the criteria to be applied when assessing whether the conditions stated in Article 236 are satisfied;

(b)

the criteria to be applied when assessing what should be considered an emergency situation under Article 239(2); and

(c)

the procedures to be followed by supervisory authorities when exchanging information, exercising their rights and fulfilling their duties in accordance with Articles 237 to 240.

Those measures, designed to amend non-essential elements of this Directive by supplementing it, shall be adopted in accordance with the regulatory procedure with scrutiny referred to in Article 301(3).

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