# Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (recast) (Text with EEA relevance), Article 177: Third-country treatment of Community insurance and reinsurance undertakings

Extent: E+W+S+N.I.

1. Member States shall inform the Commission and EIOPA of any general difficulties encountered by their insurance or reinsurance undertakings in establishing themselves and operating in a third country or pursuing activities in a third country.
2. The Commission shall, periodically, submit a report to the Council examining the treatment accorded, in third countries, to insurance or reinsurance undertakings authorised in the Community, as regards the following:
(a) the establishment in third countries of insurance or reinsurance undertakings authorised in the Community;
(b) the acquisition of holdings in third-country insurance or reinsurance undertakings;
(c) the pursuit of insurance or reinsurance activities by such established undertakings;
(d) the cross-border provision of insurance or reinsurance activities from the Community to third countries.
The Commission shall submit those reports to the Council, together with any appropriate proposals or recommendations.

---
Source: https://www.legislation.gov.uk/eudr/2009/138/article/177 (the official version)
Page: https://openlegislation.uk/eu-directive-2009-138/article-177
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.