Directive 2009/138/EC of the European Parliament and of the Council
E554125
Directive 2009/138/EC of the European Parliament and of the Council, commonly known as the Solvency II Directive, is the EU’s comprehensive regulatory framework governing the capital adequacy, risk management, and supervisory oversight of insurance and reinsurance companies.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| Directive 2009/138/EC | 0 |
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
European Union directive
ⓘ
Solvency II Directive ⓘ |
| adoptedBy |
Council of the European Union
NERFINISHED
ⓘ
European Parliament NERFINISHED ⓘ |
| aimsTo |
enhance policyholder protection
ⓘ
harmonise insurance regulation in the EU ⓘ promote financial stability ⓘ |
| amendedBy |
Directive 2011/89/EU
NERFINISHED
ⓘ
Directive 2013/58/EU NERFINISHED ⓘ Directive 2014/51/EU NERFINISHED ⓘ |
| appliesTo | EU Member States NERFINISHED ⓘ |
| celexNumber | 32009L0138 ⓘ |
| dateAdopted | 2009-11-25 ⓘ |
| datePublishedInOfficialJournal | 2009-12-17 ⓘ |
| establishes |
Minimum Capital Requirement
ⓘ
Solvency Capital Requirement NERFINISHED ⓘ three-pillar supervisory framework ⓘ |
| EULawArea |
financial services
ⓘ
insurance regulation ⓘ prudential supervision ⓘ |
| implementedThrough | national legislation of EU Member States ⓘ |
| jurisdiction | European Union ⓘ |
| legalBasis | Article 47(2) of the EC Treaty ⓘ |
| officialName | Directive 2009/138/EC of the European Parliament and of the Council NERFINISHED ⓘ |
| partOf | EU single market legislation for financial services ⓘ |
| pillar1Covers | quantitative requirements ⓘ |
| pillar2Covers | governance and risk management ⓘ |
| pillar3Covers | reporting and disclosure ⓘ |
| regulates |
insurance undertakings
ⓘ
reinsurance undertakings ⓘ |
| regulatoryFocus |
capital adequacy
ⓘ
disclosure and transparency ⓘ risk management ⓘ supervisory review ⓘ |
| relatedTo | European Insurance and Occupational Pensions Authority NERFINISHED ⓘ |
| repeals |
First Life Insurance Directive
NERFINISHED
ⓘ
First Non-Life Insurance Directive NERFINISHED ⓘ Reinsurance Directive NERFINISHED ⓘ Second Life Insurance Directive NERFINISHED ⓘ Second Non-Life Insurance Directive NERFINISHED ⓘ Third Life Insurance Directive NERFINISHED ⓘ Third Non-Life Insurance Directive NERFINISHED ⓘ |
| requires |
effective system of governance
ⓘ
own risk and solvency assessment ⓘ public disclosure of solvency and financial condition report ⓘ risk-based capital requirements ⓘ |
| shortName | Solvency II Directive NERFINISHED ⓘ |
| subjectMatter | taking-up and pursuit of the business of Insurance and Reinsurance ⓘ |
| supervisoryAuthorityRole | group supervision of insurance groups ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
Solvency II Directive
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fullName
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Directive 2009/138/EC of the European Parliament and of the Council
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