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Directive 2009/138/EC of the European Parliament and of the CouncilShow full title
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) (recast) (Text with EEA relevance)
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- Revised 13/01/20192.65 MB
- Revised 09/07/20182.68 MB
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- Revised 23/05/20142.78 MB
- Revised 19/12/20132.57 MB
- Revised 01/07/20132.56 MB
- Revised 15/09/20122.56 MB
- Revised 09/12/20112.55 MB
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Article 19U.K.Close links
Where close links exist between the insurance undertaking or reinsurance undertaking and other natural or legal persons, the supervisory authorities shall grant authorisation only if those links do not prevent the effective exercise of their supervisory functions.
The supervisory authorities shall refuse authorisation if the laws, regulations or administrative provisions of a third country governing one or more natural or legal persons with which the insurance or reinsurance undertaking has close links, or difficulties involved in the enforcement of those measures, prevent the effective exercise of their supervisory functions.
The supervisory authorities shall require insurance and reinsurance undertakings to provide them with the information they require to monitor compliance with the conditions referred to in the first paragraph on a continuous basis.
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