Einde inhoudsopgave
Delegated Regulation (EU) 2015/35 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II)
Article 171 Strategic equity investments
Geldend
Geldend vanaf 15-09-2017
- Bronpublicatie:
08-06-2017, PbEU 2017, L 236 (uitgifte: 14-09-2017, regelingnummer: 2017/1542)
- Inwerkingtreding
15-09-2017
- Bronpublicatie inwerkingtreding:
08-06-2017, PbEU 2017, L 236 (uitgifte: 14-09-2017, regelingnummer: 2017/1542)
- Vakgebied(en)
Financieel recht / Europees financieel recht
Financieel recht / Financieel toezicht (juridisch)
Verzekeringsrecht / Europees verzekeringsrecht
Verzekeringsrecht / Bijzondere onderwerpen
For the purposes of Article 169(1)(a), (2)(a), (3)(a) and (4)(a) and of Article 170(1)(b), (2)(b), (3)(b) and (4)(b), equity investments of a strategic nature shall mean equity investments for which the participating insurance or reinsurance undertaking demonstrates the following:
- (a)
that the value of the equity investment is likely to be materially less volatile for the following 12 months than the value of other equities over the same period as a result of both the nature of the investment and the influence exercised by the participating undertaking in the related undertaking;
- (b)
that the nature of the investment is strategic, taking into account all relevant factors, including:
- (i)
the existence of a clear decisive strategy to continue holding the participation for long period;
- (ii)
the consistency of the strategy referred to in point (a) with the main policies guiding or limiting the actions of the undertaking;
- (iii)
the participating undertaking's ability to continue holding the participation in the related undertaking;
- (iv)
the existence of a durable link;
- (v)
where the insurance or reinsurance participating company is part of a group, the consistency of such strategy with the main policies guiding or limiting the actions of the group.