# 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 229: Non-availability of the necessary information

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

Where the information necessary for calculating the group solvency of an insurance or reinsurance undertaking, concerning a related undertaking with its head office in a Member State or a third country, is not available to the supervisory authorities concerned, the book value of that undertaking in the participating insurance or reinsurance undertaking shall be deducted from the own funds eligible for the group solvency.
In that case, the unrealised gains connected with such participation shall not be recognised as own funds eligible for the group solvency.

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Source: https://www.legislation.gov.uk/eudr/2009/138/article/229 (the official version)
Page: https://openlegislation.uk/eu-directive-2009-138/article-229
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.