Omnibus II Directive
E554131
The Omnibus II Directive is a European Union legislative act that updated and refined the Solvency II framework for insurance and reinsurance regulation, particularly in areas such as transitional measures, supervisory powers, and implementation timelines.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Omnibus II Directive canonical | 1 |
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
EU legislative act
ⓘ
European Union directive ⓘ |
| adoptedBy |
Council of the European Union
NERFINISHED
ⓘ
European Parliament NERFINISHED ⓘ |
| aimsTo |
enhance financial stability in the insurance sector
ⓘ
ensure smooth transition to Solvency II regime ⓘ harmonise implementation of Solvency II across Member States ⓘ improve policyholder protection ⓘ |
| alsoKnownAs | Omnibus II NERFINISHED ⓘ |
| amends |
Directive 2009/138/EC
NERFINISHED
ⓘ
Solvency II Directive NERFINISHED ⓘ |
| appliesTo |
insurance undertakings in the European Union
ⓘ
reinsurance undertakings in the European Union ⓘ |
| contains |
provisions on cooperation between supervisory authorities
ⓘ
provisions on emergency situations in insurance supervision ⓘ provisions on supervisory reporting and public disclosure ⓘ rules on long-term guarantee package ⓘ transitional provisions for equity risk measures ⓘ transitional provisions for risk-free interest rate term structure ⓘ transitional provisions for technical provisions ⓘ |
| fullName | Directive 2014/51/EU NERFINISHED ⓘ |
| jurisdiction | European Union ⓘ |
| language | all official languages of the European Union ⓘ |
| legalBasis | Treaty on the Functioning of the European Union ⓘ |
| policyArea |
financial services
ⓘ
insurance regulation ⓘ prudential supervision ⓘ reinsurance regulation ⓘ |
| region | European Economic Area NERFINISHED ⓘ |
| regulates |
group solvency calculation
ⓘ
phasing-in of Solvency II capital requirements ⓘ treatment of participations and ring-fenced funds ⓘ use of internal models under Solvency II ⓘ |
| relatedTo |
EU financial services regulatory reform after the financial crisis
ⓘ
European Insurance and Occupational Pensions Authority NERFINISHED ⓘ |
| strengthens | powers of national supervisory authorities ⓘ |
| subject |
Solvency II framework
NERFINISHED
ⓘ
group supervision of insurance undertakings ⓘ implementation timelines for Solvency II ⓘ long-term guarantees measures ⓘ own funds and capital requirements adjustments ⓘ reporting and disclosure requirements under Solvency II ⓘ role of the European Insurance and Occupational Pensions Authority ⓘ supervisory powers of insurance regulators ⓘ transitional measures for insurers ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.