Paragraph 48
(1)
The following requirements, and other key functions.
(2)
The requirements are that all persons who effectively run an insurance or reinsurance undertaking or have other key functions at all times fulfil the following requirements—
(a)
their professional qualifications, knowledge and experience are adequate to enable sound and prudent management; and
(b)
they are of good repute and integrityf1.
Annotations
Footnotes
- f1
-
Article 50 of the Solvency 2 Directive.