Commission Delegated Regulation (EU) 2020/988 of 12 March 2020 correcting certain language versions of 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) (Text with EEA relevance)

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to 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) (1), and in particular Article 86(1)(a) and Article 111(1)(b), (c) and (f) thereof,

Whereas:

(1) The German language version of Commission Delegated Regulation (EU) 2015/35 (2) contains an error in the introductory sentence of the first subparagraph of Article 18(5) that renders the meaning of the provision opposite to the one intended.

(2) The German language version of Delegated Regulation (EU) 2015/35 contains errors in Article 116(3)(d)(ii) and Article 147(3)(d)(ii) that alter the meaning of the text.

(3) The Danish language version of Delegated Regulation (EU) 2015/35 contains errors in Article 209(3)(h) and (i) that render the meaning of the provision opposite to the one intended.

(4) The Danish and German language versions of Delegated Regulation (EU) 2015/35 should therefore be corrected accordingly. The other language versions are not affected,

HAS ADOPTED THIS REGULATION:

Article 1

(does not concern the English language)

Article 2

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

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 12 March 2020.

For the Commission The President Ursula VON DER LEYEN

(1) OJ L 335, 17.12.2009, p. 1.

(2) Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 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) (OJ L 12, 17.1.2015, p. 1).