+Article 5 6
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Article 5 6
6. Member States shall require that pre-emptive recovery plans contain all of the following:
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(a)
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a summary of the key elements of the plan, including material changes to the most recently submitted plan;
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(b)
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a description of the undertaking or the group, including a summary of any material changes since the most recently submitted plan;
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(c)
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a framework of indicators as referred to in paragraph 8;
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(d)
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a description of how the pre-emptive recovery plan has been drawn-up, how it will be updated and how it will be applied;
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(e)
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a range of remedial actions;
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(f)
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a communication strategy.
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(g)
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where the undertaking has breached the Solvency Capital Requirement laid down in Title I, Chapter VI, Section 4, of Directive 2009/138/EC and submitted a recovery plan in accordance with Article 138(2) of Directive 2009/138/EC at some point in the last 10 years, that recovery plan as well as an assessment of the measures taken to restore the undertaking’s compliance with the Solvency Capital Requirement.
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1. Overview
1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
| Source |
Requirement |
3. Related Standards
Standards
| Source |
Requirement |
- Builddate: 08.01.2025 00:00:00 -Doknr: CELEX:32025L0001
- EULAW -
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