Article 245 Supervision of intra-group transactions | Directive 2009/138/EC - Insurance and Reinsurance Directive (recast) (Solvency II) | Better Regulation

AI Summary of Article 245 Supervision of intra-group transactions

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Version status: Amended | Document consolidation status: Updated to reflect all known changes

Version date: 28 January 2025 - onwards

Article 245 Supervision of intra-group transactions

1. Supervision of intra-group transactions shall be exercised in accordance with paragraphs 2, 3 and 3a of this Article, Article 246 and Chapter III.

2. Member States shall require insurance and reinsurance undertakings, insurance holding companies and mixed financial holding companies to report on a regular basis and at least annually to the group supervisor all significant intra-group transactions by insurance and reinsurance undertakings within a group, including those performed with a natural person with close links to an undertaking in the group, unless Article 215(2) applies.

In addition, Member States shall require reporting of very significant intra-group transactions as soon as practicable.

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