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AI Summary of Article 4 Amendments to Directive 2009/138/EC

Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Version date: 9 December 2011 - onwards
Version 2 of 2

Article 4 Amendments to Directive 2009/138/EC

Directive 2009/138/EC is amended as follows:

(1) in Article 212(1), points (f) and (g) are replaced by the following:

'(f) "insurance holding company" means a parent undertaking which is not a mixed financial holding company and the main business of which is to acquire and hold participations in subsidiary undertakings, where those subsidiary undertakings are exclusively or mainly insurance or reinsurance undertakings, or third-country insurance or reinsurance undertakings, at least one of such subsidiary undertakings being an insurance or reinsurance undertaking;

(g) "mixed-activity insurance holding company" means a parent undertaking other than an insurance undertaking, a third-country insurance undertaking, a reinsurance undertaking, a third-country reinsurance undertaking, an insurance holding company or a mixed financial holding company, which includes at least one insurance or reinsurance undertaking among its subsidiary undertakings;

(h) "mixed financial holding company" means a mixed financial holding company as defined in Article 2(15) of Directive 2002/87/EC.';

(2) in Article 213, paragraphs 2 and 3 are replaced by the following:

'2. Member States shall ensure that supervision at the level of the group applies to the following: