EIOPA · 1137
1137
- Regulation
- (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
- Article
- 211
- Submitted
- 2018-03-20
- Answered
- 2019-09-06
Question
We have seen that the English version and the German version are not the same (the German version misses a "not" which changes the meaning of Article 211 (2) lit. c fundamentally).
Which version counts and where (is the German one binding in Germany and the English one in UK)?
Answer
Commission Delegated Regulation (EU) 2016/2283 correcting Commission Delegated Regulation (EU) 2015/35 corrected Article 211(2)(c) of the German language version of the Solvency II Delegated Act. Article 211(2)(c) now reads as follows in German:"c) ein Versicherungs- oder Rückversicherungsunternehmen in einem Drittland, das sich nicht in einem Drittland befindet, dessen Solvabilitätssystem als dem in der Richtlinie 2009/138/EG gemäß Artikel 172 der Richtlinie 2009/138/EG niedergelegten System gleichwertig oder vorläufig gleichwertig angesehen wird, mit einer Bonität, die der Bonitätseinstufung 3 oder besser gemäß Abschnitt 1 Kapitel II dieses Titels entspricht."This correcting act is available here: http://eur-lex.europa.eu/legal-content/DE/TXT/?uri=CELEX:32016R2283
This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
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