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AI Summary of Article 213b Impediments to group supervision

Version status: Inserted | Document consolidation status: Updated to reflect all known changes
Version date: 28 January 2025 - onwards
Version 2 of 2

Article 213b Impediments to group supervision

1. In the cases referred to in Article 213(2), point (b), the insurance holding company or mixed financial holding company shall ensure that:

(a) the internal arrangements and distribution of tasks within the group are adequate for the purpose of complying with this Title and, in particular, are effective to:

(i) coordinate all the subsidiary undertakings of the insurance holding company or mixed financial holding company, including, where necessary, through an adequate distribution of tasks among those undertakings;

(ii) prevent or manage intra-group conflicts; and

(iii) enforce the group-wide policies set by the insurance holding company or mixed financial holding company throughout the group;

(b) the structural organisation of the group of which the insurance holding company or mixed financial holding company is part does not obstruct or otherwise prevent the effective supervision of the group and its subsidiary insurance and reinsurance undertakings, taking into account, in particular:

(i) the position of the insurance holding company or mixed financial holding company in a multi-layered group;

(ii) the shareholding structure; and

(iii) the role of the insurance holding company or mixed financial holding company within the group.