+Article 308b 3.
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Article 308b 3.
Insurance and reinsurance undertakings shall be subject to the transitional measures in paragraphs 1 and 2 only if the following conditions are met:
(a)
the undertaking is not part of a group, or if it is, all undertakings that are part of the group cease to conduct new insurance or reinsurance contracts;
(b)
the undertaking shall provide its supervisory authority with an annual report setting out what progress has been made in terminating its activity;
(c)
the undertaking has notified its supervisory authority that it applies the transitional measures.
Paragraphs 1 and 2 shall not prevent any undertaking from operating in accordance with Titles I, II and III of this Directive.
1. Overview
1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
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Requirement |
3. Related Standards
Standards
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Requirement |
- Builddate: 30.01.2027 00:00:00 -Doknr: CELEX:32009L0138
- EULAW -
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