+Article 308b 1.

Article 308b 1.

Without prejudice to Article 12, insurance or reinsurance undertakings which, by 1 January 2016, cease to conduct new insurance or reinsurance contracts and exclusively administer their existing portfolio in order to terminate their activity shall not be subject to Titles I, II and III of this Directive until the dates set out in paragraph 2 where either:

(a) 

the undertaking has satisfied the supervisory authority that it will terminate its activity before 1 January 2019; or

(b) 

the undertaking is subject to reorganisation measures set out in Title IV, Chapter II and an administrator has been appointed.

1. Ħarsa ġenerali

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1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards