Introductory text

United Kingdom

Commission Implementing Regulation (EU) 2018/1843

of 23 November 2018

amending Implementing Regulation (EU) 2015/2452 as regards the scope of application of the template for disclosing premiums, claims and expenses by country

(Text with EEA relevance)

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to 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)^f1, and in particular Article 56 and Article 256(5) thereof,

Whereas:

(1)

Commission Implementing Regulation (EU) 2015/2452^f2 does not specify with sufficient clarity under which conditions insurance and reinsurance undertakings are not required to disclose the template set out in Section S.05.02. In order to enable insurance and reinsurance undertakings to determine their obligations with certainty, the general comments set out in Section S.05.02 of Annex II and Annex III to that Regulation should be clarified in that respect.

(2)

Implementing Regulation (EU) 2015/2452 should therefore be amended accordingly.

(3)

This Regulation is based on the draft implementing technical standards submitted by the European Insurance and Occupational Pensions Authority to the Commission.

(4)

The European Insurance and Occupational Pensions Authority has conducted open public consultations on the draft implementing technical standards on which this Regulation is based, analysed the potential related costs and benefits and requested the opinion of the Insurance and Reinsurance Stakeholder Group established by Article 37 of Regulation (EU) No 1094/2010 of the European Parliament and of the Council^f3,

HAS ADOPTED THIS REGULATION:

Annotations

Modifications

C1: Regulation: power to modify conferred (11.7.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 3, 86(3), Sch. 1 Pt. 3; S.I. 2023/779, reg. 2(d)

Footnotes

f1: OJ L 335, 17.12.2009, p. 1.
f2: Commission Implementing Regulation (EU) 2015/2452 of 2 December 2015 laying down implementing technical standards with regard to the procedures, formats and templates of the solvency and financial condition report in accordance with Directive 2009/138/EC of the European Parliament and of the Council (OJ L 347, 31.12.2015, p. 1285).
f3: Regulation (EU) No 1094/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/79/EC (OJ L 331, 15.12.2010, p. 48).