+CHAPTER IV Third countries
---+Article 260 Parent undertakings outside the Union: verification of equivalence
------+Article 260 1.
------+Article 260 2.
------+Article 260 3.
------+Article 260 4.
------+Article 260 5.
------+Article 260 6.
------+Article 260 7.
---+Article 261 Parent undertakings outside the Community: equivalence
------+Article 261 1.
------+Article 261 2.
---+Article 262 Parent undertakings registered in a third country: absence of equivalence
------+Article 262 1.
------+Article 262 2.
---+Article 263 Parent undertakings outside the Community: levels
---+Article 264 Cooperation with third-country supervisory authorities
------+Article 264 1.
------+Article 264 2.
------+Article 264 3.

CHAPTER IV Third countries

CHAPTER IV Third countries

1. Overview

,
Article 260 Parent undertakings outside the Union: verification of equivalence
Article 261 Parent undertakings outside the Community: equivalence
Article 262 Parent undertakings registered in a third country: absence of equivalence
Article 263 Parent undertakings outside the Community: levels

Article 263

Parent undertakings outside the Community: levels

▼M1

Where the parent undertaking referred to in Article 260 is itself a subsidiary of an insurance holding company or a mixed financial holding company which has its head office in a third country or of a third-country insurance or reinsurance undertaking, Member States shall apply the verification provided for in Article 260 only at the level of the ultimate parent undertaking which is a third-country insurance holding company, a third-country mixed financial holding company, a third-country insurance undertaking or a third-country reinsurance undertaking.

Supervisory authorities may, however, in the absence of equivalent supervision referred to in Article 260, carry out a new verification at a lower level where a parent undertaking of insurance or reinsurance undertakings exists, whether at the level of a third-country insurance holding company, a third country mixed financial holding company, a third-country insurance undertaking or a third-country reinsurance undertaking.

▼B

In such a case, the supervisory authority referred to in the second subparagraph of Article 260(1) shall explain its decision to the group.

Article 262 shall apply mutatis mutandis.
Article 264 Cooperation with third-country supervisory authorities

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
  • Builddate: 30.01.2027 00:00:00 -Doknr: CELEX:32009L0138
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