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Document Ares(2024)877833
Prolongation of the US provisional equivalence decision Art 227 Solvency II
COMMISSION DELEGATED DECISION (EU) …/… on the renewal of the determination that the solvency regime in force in the United States applicable to undertaking with their head office in that third country is provisionally equivalent to that laid down in Title I, Chapter VI of Directive 2009/138/EC of the European Parliament and of the Council
- Legal basis:
- 32009L0138 - A227P5
- Initiative summary:
- Art. 227 of Directive 2009/138/EC relates to equivalence for third-country insurers that are part of groups headquartered in the EU. The equivalence allows such groups to take into account the calculation of capital requirements and available capital (own funds) under the rules of the non-EU jurisdiction rather than calculating them on the basis of Directive 2009/138/EC, for the purposes of calculating the group solvency requirement and eligible own funds.
- EuroVoc thesaurus:
- financial services
- See the lifecycle of this act on the Interinstitutional register of delegated acts
-
- Leading service:
- Directorate-General for Financial Stability, Financial Services and Capital Markets Union
- Planned adoption period:
- 01/01/2024 - 31/03/2024
- Check the status of this initiative on the Better Regulation Portal
-
- Documents:
- Ares(2024)877833 (Draft delegated decision)Ares(2024)877833 (Draft delegated decision)
- Legal basis:
- 32009L0138 - A227P5
- Leading service:
- Directorate-General for Financial Stability, Financial Services and Capital Markets Union
- Check the status of this initiative on the Better Regulation Portal
-
- Consultation type:
- Stakeholder feedback
- Consultation duration (weeks):
- 4
-
- Documents:
- C/2024/1753 final (Delegated decision)
- Leading service:
- Directorate-General for Financial Stability, Financial Services and Capital Markets Union
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- Foreseen end of objection period:
- 14/06/2024