Directive 2005/68/EC of the European Parliament and of the Council
of 16 November 2005
on reinsurance and amending Council Directives 73/239/EEC, 92/49/EEC as well as Directives 98/78/EC and 2002/83/EC
(Text with EEA relevance) (repealed)
F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1TITLE ISCOPE AND DEFINITIONS
F1Article 1Scope
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F1Article 2Definitions
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F1TITLE IITHE TAKING-UP OF THE BUSINESS OF REINSURANCE AND AUTHORISATION OF THE REINSURANCE UNDERTAKING
F1Article 3Principle of authorisation
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F1Article 4Scope of authorisation
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F1Article 5Form of the reinsurance undertaking
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F1Article 6Conditions
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F1Article 7Close links
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F1Article 8Head office of the reinsurance undertaking
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F1Article 9Policy conditions and scales of premiums
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F1Article 10Economic requirements of the market
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F1Article 11Scheme of operations
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F1Article 12Shareholders and members with qualifying holdings
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F1Article 13Refusal of authorisation
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F1Article 14Prior consultation with the competent authorities of other Member States
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F1TITLE IIICONDITIONS GOVERNING THE BUSINESS OF REINSURANCE
F1CHAPTER 1Principles and methods of financial supervision
F1Section 1Competent authorities and general rules
F1Article 15Competent authorities and object of supervision
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F1Article 16Supervision of branches established in another Member State
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F1Article 17Accounting, prudential and statistical information: supervisory powers
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F1Article 18Transfer of portfolio
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F1Section 2Qualifying holdings
F1Article 19Acquisitions
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F1Article 19aAssessment
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F1Article 20Acquisitions by regulated financial undertakings
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F1Article 21Disposals
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F1Article 22Information to the competent authority by the reinsurance undertaking
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F1Article 23Qualifying holdings: powers of the competent authority
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F1Section 3Professional secrecy and exchanges of information
F1Article 24Obligation
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F1Article 25Exchange of information between competent authorities of Member States
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F1Article 26Cooperation agreements with third countries
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F1Article 27Use of confidential information
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F1Article 28Exchange of information with other authorities
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F1Article 29Transmission of information to central banks and monetary authorities
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F1Article 30Disclosure of information to government administrations responsible for financial legislation
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F1Section 4Duties of auditors
F1Article 31Duties of auditors
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F1CHAPTER 2Rules relating to technical provisions
F1Article 32Establishment of technical provisions
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F1Article 33Equalisation reserves
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F1Article 34Assets covering technical provisions
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F1CHAPTER 3Rules relating to the solvency margin and to the guarantee fund
F1Section 1Available solvency margin
F1Article 35General rule
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F1Article 36Eligible items
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F1Section 2Required solvency margin
F1Article 37Required solvency margin for non-life reinsurance activities
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F1Article 38Required solvency margin for life reassurance activities
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F1Article 39Required solvency margin for a reinsurance undertaking simultaneously conducting non-life and life reinsurance
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F1Section 3Guarantee fund
F1Article 40Amount of the guarantee fund
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F1Article 41Review of the amount of the guarantee fund
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F1CHAPTER 4Reinsurance undertakings in difficulty or in an irregular situation and withdrawal of authorisation
F1Article 42Reinsurance undertakings in difficulty
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F1Article 43Financial recovery plan
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F1Article 44Withdrawal of authorisation
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F1TITLE IVPROVISIONS RELATING TO FINITE REINSURANCE AND SPECIAL PURPOSE VEHICLES
F1Article 45Finite reinsurance
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F1Article 46Special purpose vehicles
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F1TITLE VPROVISIONS RELATING TO RIGHT OF ESTABLISHMENT AND FREEDOM TO PROVIDE SERVICES
F1Article 47Reinsurance undertakings not complying with the legal provisions
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F1Article 48Winding-up
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F1TITLE VIREINSURANCE UNDERTAKINGS WHOSE HEAD OFFICES ARE OUTSIDE THE COMMUNITY AND CONDUCTING REINSURANCE ACTIVITIES IN THE COMMUNITY
F1Article 49Principle and conditions for conducting reinsurance business
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F1Article 50Agreements with third countries
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F1TITLE VIISUBSIDIARIES OF PARENT UNDERTAKINGS GOVERNED BY THE LAWS OF A THIRD COUNTRY AND ACQUISITIONS OF HOLDINGS BY SUCH PARENT UNDERTAKINGS
F1Article 51Information from Member States to the Commission
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F1Article 52Third country treatment of Community reinsurance undertakings
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F1TITLE VIIIOTHER PROVISIONS
F1Article 53Right to apply to the courts
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F1Article 54Cooperation between the Member States and the Commission
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F1Article 55Committee procedure
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F1Article 56Implementing measures
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F1TITLE IXAMENDMENTS TO EXISTING DIRECTIVES
F1Article 57Amendments to Directive 73/239/EEC
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F1Article 58Amendments to Directive 92/49/EEC
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F1Article 59Amendments to Directive 98/78/EC
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F1Article 60Amendments to Directive 2002/83/EC
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F1TITLE XTRANSITIONAL AND FINAL PROVISIONS
F1Article 61Right acquired by existing reinsurance undertakings
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F1Article 62Reinsurance undertakings closing their activity
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F1Article 63Transitional period for Articles 57(3) and 60(6)
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F1Article 64Transposition
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F1Article 65Entry into force
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F1Article 66Addressees
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Repealed by Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (Text with EEA relevance).