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Directive 2005/68/EC of the European Parliament and of the Council of 16 November 2005 on reinsurance and amending Council Directives 73/239/EEC, 92/49/EEC as well as Directives 98/78/EC and 2002/83/EC

This directive establishes a harmonised prudential framework for reinsurance undertakings within the European Union, requiring them to obtain a single…

What Directive 2005/68/EC of the European Parliament and of the Council of 16 November 2005 on reinsurance and amending Council Directives 73/239/EEC, 92/49/EEC as well as Directives 98/78/EC and 2002/83/EC requires

This directive establishes a harmonised prudential framework for reinsurance undertakings within the European Union, requiring them to obtain a single official authorisation from their home Member State to operate throughout the Community (Article 3) and mandating specific financial guarantees, including a minimum capital requirement and a solvency margin (Title IV).

Pillar: Banking & Global Finance · Authority: European Parliament and the Council of the European Union · Version: 1.0.0 · Last updated:

Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32005L0068

SHA-256 integrity: c2ad9b274e0ad56f5a623d97a366c36427dbde7a90a2d6fd8040f955a41c38b0

Primary Citations — 8 traced to source

  • Directive 2005/68/EC, Article 3 - Principle of official authorisation
  • Directive 2005/68/EC, Article 6 - Scheme of operations

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