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
+ 6 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.
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