What Directive 2009/138/EC (Solvency II) - Pillar 2: System of Governance (Articles 40-50) requires
EU Solvency II Pillar 2 (Articles 40-50) mandates that all EU insurance and reinsurance undertakings establish and maintain an effective system of governance. This system must ensure sound and prudent management, including a clear organizational structure, fit and proper requirements for key personnel (Article 42), and robust risk management, compliance, internal audit, and actuarial functions (Articles 44, 46, 47, 48).
Pillar: Insurance & Risk · 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%3A32009L0138
SHA-256 integrity: b5af1524f64ee48ff9f302fb6ff3bac9e6f244d717f6c06b66997444183926f3
Primary Citations — 8 traced to source
- Directive 2009/138/EC, Article 41 - General governance requirements
- Directive 2009/138/EC, Article 42 - Fit and proper requirements for persons who effectively run the undertaking or have other key functions
+ 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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