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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 241

Subsidiaries of an insurance or reinsurance undertaking: implementing measures

Article 241

In order to ensure the uniform application of Articles 236 to 240, the Commission shall adopt implementing measures specifying: (a) the criteria to be applied when assessing whether the conditions stated in Article 236 are satisfied; (b) the criteria to be applied when assessing what should be considered an emergency situation under Article 239(2); and (c) the procedures to be followed by supervisory authorities when exchanging information, exercising their rights and fulfilling their duties in accordance with Articles 237 to 240. Those measures, designed to amend non-essential elements of this Directive by supplementing it, shall be adopted in accordance with the regulatory procedure with scrutiny referred to in Article 301(3).

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