# 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 40: Responsibility of the administrative, management or supervisory body

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

Member States shall ensure that the administrative, management or supervisory body of the insurance or reinsurance undertaking has the ultimate responsibility for the compliance, by the undertaking concerned, with the laws, regulations and administrative provisions adopted pursuant to this Directive.

---
Source: https://www.legislation.gov.uk/eudr/2009/138/article/40 (the official version)
Page: https://openlegislation.uk/eu-directive-2009-138/article-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.