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Part 2 · Provisions for direct insurance and reinsurance  ›  Division 2 · Qualifying holdings › Section 16

Holders of qualifying holdings

Holders of a qualifying holding within the meaning of section 7, point 3, in the insurance undertaking must meet the requirements to be set in the interest of a sound and prudent management of the undertaking; in particular, they must be reliable. Where the holding is held by legal persons or commercial partnerships, the same applies to those natural persons who are called upon, by law, articles of association, or partnership agreement, to conduct the business and to represent the entity, and to the partners with unlimited liability.

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