Directive 2005/68/EC of the European Parliament and of the Council (repealed)Show full title

1. Introductory Text

2. TITLE I SCOPE AND DEFINITIONS

   1. Article 1. Scope

   2. Article 2. Definitions

3. TITLE II THE TAKING-UP OF THE BUSINESS OF REINSURANCE AND AUTHORISATION OF THE REINSURANCE UNDERTAKING

   1. Article 3. Principle of authorisation

   2. Article 4. Scope of authorisation

   3. Article 5. Form of the reinsurance undertaking

   4. Article 6. Conditions

   5. Article 7. Close links

   6. Article 8. Head office of the reinsurance undertaking

   7. Article 9. Policy conditions and scales of premiums

   8. Article 10. Economic requirements of the market

   9. Article 11. Scheme of operations

   10. Article 12. Shareholders and members with qualifying holdings

   11. Article 13. Refusal of authorisation

   12. Article 14. Prior consultation with the competent authorities of other Member States

4. TITLE III CONDITIONS GOVERNING THE BUSINESS OF REINSURANCE

   1. CHAPTER 1 Principles and methods of financial supervision

      1. Section 1 Competent authorities and general rules

         1. Article 15. Competent authorities and object of supervision

         2. Article 16. Supervision of branches established in another Member State

         3. Article 17. Accounting, prudential and statistical information: supervisory powers

         4. Article 18. Transfer of portfolio

      2. Section 2 Qualifying holdings

         1. Article 19. Acquisitions

         2. Article 19a. Assessment

         3. Article 20. Acquisitions by regulated financial undertakings

         4. Article 21. Disposals

         5. Article 22. Information to the competent authority by the reinsurance undertaking

         6. Article 23. Qualifying holdings: powers of the competent authority

      3. Section 3 Professional secrecy and exchanges of information

         1. Article 24. Obligation

         2. Article 25. Exchange of information between competent authorities of Member States

         3. Article 26. Cooperation agreements with third countries

         4. Article 27. Use of confidential information

         5. Article 28. Exchange of information with other authorities

         6. Article 29. Transmission of information to central banks and monetary authorities

         7. Article 30. Disclosure of information to government administrations responsible for financial legislation

      4. Section 4 Duties of auditors

         1. Article 31. Duties of auditors

   2. CHAPTER 2 Rules relating to technical provisions

      1. Article 32. Establishment of technical provisions

      2. Article 33. Equalisation reserves

      3. Article 34. Assets covering technical provisions

   3. CHAPTER 3 Rules relating to the solvency margin and to the guarantee fund

      1. Section 1 Available solvency margin

         1. Article 35. General rule

         2. Article 36. Eligible items

      2. Section 2 Required solvency margin

         1. Article 37. Required solvency margin for non-life reinsurance activities

         2. Article 38. Required solvency margin for life reassurance activities

         3. Article 39. Required solvency margin for a reinsurance undertaking simultaneously conducting non-life and life reinsurance

      3. Section 3 Guarantee fund

         1. Article 40. Amount of the guarantee fund

         2. Article 41. Review of the amount of the guarantee fund

   4. CHAPTER 4 Reinsurance undertakings in difficulty or in an irregular situation and withdrawal of authorisation

      1. Article 42. Reinsurance undertakings in difficulty

      2. Article 43. Financial recovery plan

      3. Article 44. Withdrawal of authorisation

5. TITLE IV PROVISIONS RELATING TO FINITE REINSURANCE AND SPECIAL PURPOSE VEHICLES

   1. Article 45. Finite reinsurance

   2. Article 46. Special purpose vehicles

6. TITLE V PROVISIONS RELATING TO RIGHT OF ESTABLISHMENT AND FREEDOM TO PROVIDE SERVICES

   1. Article 47. Reinsurance undertakings not complying with the legal provisions

   2. Article 48. Winding-up

7. TITLE VI REINSURANCE UNDERTAKINGS WHOSE HEAD OFFICES ARE OUTSIDE THE COMMUNITY AND CONDUCTING REINSURANCE ACTIVITIES IN THE COMMUNITY

   1. Article 49. Principle and conditions for conducting reinsurance business

   2. Article 50. Agreements with third countries

8. TITLE VII SUBSIDIARIES OF PARENT UNDERTAKINGS GOVERNED BY THE LAWS OF A THIRD COUNTRY AND ACQUISITIONS OF HOLDINGS BY SUCH PARENT UNDERTAKINGS

   1. Article 51. Information from Member States to the Commission

   2. Article 52. Third country treatment of Community reinsurance undertakings

9. TITLE VIII OTHER PROVISIONS

   1. Article 53. Right to apply to the courts

   2. Article 54. Cooperation between the Member States and the Commission

   3. Article 55. Committee procedure

   4. Article 56. Implementing measures

10. TITLE IX AMENDMENTS TO EXISTING DIRECTIVES

    1. Article 57. Amendments to Directive 73/239/EEC

    2. Article 58. Amendments to Directive 92/49/EEC

    3. Article 59. Amendments to Directive 98/78/EC

    4. Article 60. Amendments to Directive 2002/83/EC

11. TITLE X TRANSITIONAL AND FINAL PROVISIONS

    1. Article 61. Right acquired by existing reinsurance undertakings

    2. Article 62. Reinsurance undertakings closing their activity

    3. Article 63. Transitional period for Articles 57(3) and 60(6)

    4. Article 64. Transposition

    5. Article 65. Entry into force

    6. Article 66. Addressees

12. 1. ANNEX I

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    2. ANNEX II

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