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Commission Delegated Decision (EU) 2015/2290 of 12 June 2015 on the provisional equivalence of the solvency regimes in force in Australia, Bermuda, Brazil, Canada, Mexico and the United States and applicable to insurance and reinsurance undertakings with head offices in those countries

Type Delegated Decision
Publication 2015-12-09
Last updated 2016-01-01
State In force
Department European Commission
Source EUR-Lex
articles 3
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Article 1

The solvency regimes in force in Australia, Brazil, Canada, Mexico and the United States and applicable to insurance and reinsurance undertakings with head offices in those countries shall be considered as provisionally equivalent to the regime laid down in Chapter VI of Title I of Directive 2009/138/EC.

Article 2

Provisional equivalence shall be granted for a period of 10 years from 1 January 2016.

Article 3

This Decision shall enter into force on the twentieth day following its publication in the Official Journal of the European Union.

OJ L 335, 17.12.2009, p. 1.

[^E0002]: (2) Regulation (EU) No 1094/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/79/EC (OJ L 331, 15.12.2010, p. 48).

[^E0003]: (3) EIOPA equivalence analysis of Brazil, 10 March 2015.

EIOPA equivalence assessment of Bermuda, 9 March 2015.

EIOPA equivalence analysis of Canada, 28 January 2015.

EIOPA equivalence analysis of Australia, 16 July 2013.

EIOPA equivalence analysis of Mexico, 16 July 2013.

[^E0004]: (4) The Insurance Act establishes different categories of insurers which are subject to different sets of rules. Captive insurers are one specific category of insurers, which has not been included in EIOPA's assessment and is not covered by the present act.

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