Directive 2005/68/EC of the European Parliament and of the Council
of 16 November 2005
on reinsurance and amending Council Directives 73/239/EEC, 92/49/EEC as well as Directives 98/78/EC and 2002/83/EC
(Text with EEA relevance) (repealed)

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Repealed by Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and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) (Text with EEA relevance).

TITLE I SCOPE AND DEFINITIONS

Article 1 Scope
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Article 2 Definitions
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TITLE II THE TAKING-UP OF THE BUSINESS OF REINSURANCE AND AUTHORISATION OF THE REINSURANCE UNDERTAKING

Article 3 Principle of authorisation
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Article 4 Scope of authorisation
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Article 5 Form of the reinsurance undertaking
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Article 6 Conditions
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Article 7 Close links
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Article 8 Head office of the reinsurance undertaking
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Article 9 Policy conditions and scales of premiums
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Article 10 Economic requirements of the market
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Article 11 Scheme of operations
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Article 12 Shareholders and members with qualifying holdings
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Article 13 Refusal of authorisation
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Article 14 Prior consultation with the competent authorities of other Member States
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TITLE III CONDITIONS GOVERNING THE BUSINESS OF REINSURANCE

CHAPTER 1 Principles and methods of financial supervision

Section 1 Competent authorities and general rules

Article 15 Competent authorities and object of supervision
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Article 16 Supervision of branches established in another Member State
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Article 17 Accounting, prudential and statistical information: supervisory powers
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Article 18 Transfer of portfolio
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Section 2 Qualifying holdings

Article 19 Acquisitions
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Article 19a Assessment
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Article 20 Acquisitions by regulated financial undertakings
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Article 21 Disposals
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Article 22 Information to the competent authority by the reinsurance undertaking
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Article 23 Qualifying holdings: powers of the competent authority
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Section 3 Professional secrecy and exchanges of information

Article 24 Obligation
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Article 25 Exchange of information between competent authorities of Member States
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Article 26 Cooperation agreements with third countries
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Article 27 Use of confidential information
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Article 28 Exchange of information with other authorities
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Article 29 Transmission of information to central banks and monetary authorities
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Article 30 Disclosure of information to government administrations responsible for financial legislation
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Section 4 Duties of auditors

Article 31 Duties of auditors
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CHAPTER 2 Rules relating to technical provisions

Article 32 Establishment of technical provisions
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Article 33 Equalisation reserves
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Article 34 Assets covering technical provisions
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CHAPTER 3 Rules relating to the solvency margin and to the guarantee fund

Section 1 Available solvency margin

Article 35 General rule
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Article 36 Eligible items
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Section 2 Required solvency margin

Article 37 Required solvency margin for non-life reinsurance activities
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Article 38 Required solvency margin for life reassurance activities
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Article 39 Required solvency margin for a reinsurance undertaking simultaneously conducting non-life and life reinsurance
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Section 3 Guarantee fund

Article 40 Amount of the guarantee fund
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Article 41 Review of the amount of the guarantee fund
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CHAPTER 4 Reinsurance undertakings in difficulty or in an irregular situation and withdrawal of authorisation

Article 42 Reinsurance undertakings in difficulty
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Article 43 Financial recovery plan
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Article 44 Withdrawal of authorisation
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TITLE IV PROVISIONS RELATING TO FINITE REINSURANCE AND SPECIAL PURPOSE VEHICLES

Article 45 Finite reinsurance
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Article 46 Special purpose vehicles
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TITLE V PROVISIONS RELATING TO RIGHT OF ESTABLISHMENT AND FREEDOM TO PROVIDE SERVICES

Article 47 Reinsurance undertakings not complying with the legal provisions
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Article 48 Winding-up
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TITLE VI REINSURANCE UNDERTAKINGS WHOSE HEAD OFFICES ARE OUTSIDE THE COMMUNITY AND CONDUCTING REINSURANCE ACTIVITIES IN THE COMMUNITY

Article 49 Principle and conditions for conducting reinsurance business
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Article 50 Agreements with third countries
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TITLE VII SUBSIDIARIES OF PARENT UNDERTAKINGS GOVERNED BY THE LAWS OF A THIRD COUNTRY AND ACQUISITIONS OF HOLDINGS BY SUCH PARENT UNDERTAKINGS

Article 51 Information from Member States to the Commission
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Article 52 Third country treatment of Community reinsurance undertakings
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TITLE VIII OTHER PROVISIONS

Article 53 Right to apply to the courts
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Article 54 Cooperation between the Member States and the Commission
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Article 55 Committee procedure
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Article 56 Implementing measures
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TITLE IX AMENDMENTS TO EXISTING DIRECTIVES

Article 57 Amendments to Directive 73/239/EEC
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Article 58 Amendments to Directive 92/49/EEC
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Article 59 Amendments to Directive 98/78/EC
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Article 60 Amendments to Directive 2002/83/EC
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TITLE X TRANSITIONAL AND FINAL PROVISIONS

Article 61 Right acquired by existing reinsurance undertakings
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Article 62 Reinsurance undertakings closing their activity
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Article 63 Transitional period for Articles 57(3) and 60(6)
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Article 64 Transposition
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Article 65 Entry into force
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Article 66 Addressees
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ANNEX I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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ANNEX II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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