European Communities (Reinsurance) Regulations 2006
Statutory Instruments
Source: Statutory Instruments

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paragraphs: Citation and commencement
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paragraphs: Object of these Regulations
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paragraphs: Interpretation
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paragraphs: Scope of these Regulations
PART 2
RESTRICTIONS ON CARRYING ON REINSURANCE BUSINESS
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paragraphs: Carrying on of reinsurance business prohibited unless authorised or exempt
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paragraphs: Reinsurance undertaking restricted to carrying on kind of reinsurance business permitted by its authorisation
PART 3
AUTHORISATION OF REINSURANCE UNDERTAKINGS
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paragraphs: Who is eligible to apply for a reinsurance authorisation?
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paragraphs: Eligible undertakings may apply for an authorisation to carry on reinsurance business
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paragraphs: Schemes of operations for reinsurance undertakings
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paragraphs: Bank to grant or refuse application for reinsurance authorisation
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paragraphs: Reinsurance undertakings taken to be authorised if carrying on business before 10 December 2005
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paragraphs: Power to impose, vary and revoke conditions of reinsurance authorisation
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paragraphs: Effect of reinsurance authorisation
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paragraphs: Cancellation of authorisation on application of reinsurance undertaking
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paragraphs: Cancellation of authorisation otherwise than on application of reinsurance undertaking.
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paragraphs: Partial cancellation of authorisation otherwise than on application of reinsurance undertaking
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paragraphs: Cancellation of reinsurance authorisation taken to have been granted under Regulation 11
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paragraphs: Consequences of cancellation of authorisation of reinsurance undertaking
PART 4
REGULATION OF REINSURANCE UNDERTAKINGS
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paragraphs: Application of this Part to authorised reinsurance undertakings
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paragraphs: Reinsurance undertakings established in the State to maintain sound and adequate administrative and accounting procedures and internal control mechanisms
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paragraphs: Reinsurance undertaking to lodge certain annual returns and other statistical documents with the Bank
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paragraphs: Transfer of reinsurance undertaking's policy portfolio prohibited without authorisation of the Bank
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paragraphs: Reinsurance undertaking to establish and maintain technical reserves, solvency margin and guarantee fund
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paragraphs: Reinsurance undertaking to establish and maintain equalisation reserve
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paragraphs: Bank may give directions for determining liabilities of authorised reinsurance undertaking
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paragraphs: Reinsurance undertaking to cover its technical and equalisation reserves by equivalent assets
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paragraphs: Reinsurance undertaking required to keep register of assets
PART 5
RESTRICTIONS ON OPERATING SPECIAL PURPOSE REINSURANCE VEHICLES
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paragraphs: Operation of SPRVs prohibited unless authorised
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paragraphs: SPRV restricted to transacting reinsurance business of a kind permitted by its authorisation
PART 6
AUTHORISATION OF SPRVs
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paragraphs: Applications to operate SPRVs
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paragraphs: Bank to grant or refuse application for SPRV
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paragraphs: SPRVs taken to be authorised if operating before 10 December 2005
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paragraphs: Power to impose, vary and revoke conditions of SPRV authorisation
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paragraphs: Effect of SPRV authorisation
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paragraphs: Cancellation of authorisation on application of SPRV
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paragraphs: Cancellation of authorisation otherwise than on application of person operating a SPRV
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paragraphs: Consequences of cancellation of SPRV authorisation under corresponding law of another Member State
PART 7
OPERATION OF SPRVs
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paragraphs: SPRV to comply with certain requirements
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paragraphs: Bank may make rules specifying solvency requirements for SPRVs
PART 8
ACQUISITION AND DISPOSAL OF QUALIFYING HOLDINGS IN REINSURANCE UNDERTAKINGS AND SPRVs
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paragraphs: Interpretation: Part 8
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paragraphs: Restrictions on acquiring and disposing of qualifying holdings in reinsurance undertakings and SPRVs
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paragraphs: Bank to consult with other competent authorities in certain cases
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paragraphs: Obligation of reinsurance undertaking or SPRV to provide information
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paragraphs: Bank may oppose certain acquisitions
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paragraphs: Power of Court to make certain orders
PART 9
AUDITING OF ACCOUNTS OF REINSURANCE UNDERTAKINGS AND SPRVs
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paragraphs: Responsibilities of auditors in respect of reinsurance undertakings and SPRVs
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paragraphs: Bank may require auditor of reinsurance undertaking or SPRV to provide information
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paragraphs: Auditor not liable to reinsurance undertaking or SPRV etc. for having complied with this Part
PART 10
PROVISIONS APPLICABLE TO BOTH REINSURANCE UNDERTAKINGS AND SPRVs
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paragraphs: Bank to keep Register of Authorised Reinsurance Undertakings and SPRVs
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paragraphs: Rights of appeal against certain Bank decisions made under these Regulations
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paragraphs: Consequences of cancellation of authorisation as regards other Member States
PART 11
RESPONSIBILITIES OF THE BANK UNDER THESE REGULATIONS
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paragraphs: Responsibilities of Bank with respect to authorised reinsurance undertakings and SPRVs established in the State
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paragraphs: Bank to be responsible for enforcing continued compliance with obligations
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paragraphs: Bank to collaborate with other competent authorities and the European Commission
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paragraphs: Bank to consult with other competent authorities before granting authorisation or when assessing compliance with conditions
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paragraphs: Bank to notify competent authority of other Member State of belief that reinsurance undertaking or SPRV of that State may be financially unsound
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paragraphs: Limitations on Bank with respect to its supervisory functions under these Regulations
PART 12
SPECIAL POWERS OF BANK TO DEAL WITH CERTAIN MATTERS
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paragraphs: Consequences of failing to comply with provision of Part 4
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paragraphs: Reinsurance undertaking to provide financial recovery plan if required to do so by the Bank
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paragraphs: Consequences of failure of SPRV to comply with certain provisions
PART 13
SPECIAL PROVISIONS WITH RESPECT TO FINITE REINSURANCE CONTRACTS
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paragraphs: Powers of Bank with respect to finite reinsurance activities undertaken by reinsurance undertakings and SPRVs
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paragraphs: Regulation of finite reinsurance contracts
PART 14
RELATIONS INVOLVING REINSURANCE UNDERTAKINGS AND SPRVs ESTABLISHED IN OTHER MEMBER STATES
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paragraphs: Competent authority of other Member State empowered to undertake verification of information about reinsurance undertakings and SPRVs established in the State
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paragraphs: Bank entitled to take measures to prevent irregularities involving reinsurance undertakings and SPRVs established in other Member States
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paragraphs: Competent authority of other Member State entitled to request Bank to respond appropriately against reinsurance undertakings and SPRVs established in the State
PART 15
RELATIONS INVOLVING THIRD COUNTRIES
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paragraphs: Treatment of reinsurance undertakings established in third countries
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paragraphs: Bank to ensure obligations of European Communities under international agreements are complied with
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paragraphs: Bank may enter into agreement with responsible authority of third country
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paragraphs: Bank to notify European Commission of authorisations and acquisitions of reinsurance undertakings governed by laws of third country
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paragraphs: Minister to notify European Commission of difficulties encountered by reinsurance undertakings in establishing or carrying on business in third country
PART 16
ENFORCEMENT OF REGULATIONS
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paragraphs: Enforcement powers of the Bank
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paragraphs: Appointment of authorised officers
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paragraphs: Powers of authorised officers
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paragraphs: Warrant required to enter private dwelling
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paragraphs: Offence to obstruct authorised officers
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paragraphs: Offence to provide false or misleading information in purported compliance with direction or requirement under these Regulations
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paragraphs: Liability of officers of undertaking for offences committed by the undertaking
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paragraphs: Penalties for offences under these Regulations
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paragraphs: Prosecution of offences under these Regulations
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paragraphs: Power of the Court to make enforcement orders
PART 17
MISCELLANEOUS PROVISIONS
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paragraphs: Power to amend or revoke rules
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paragraphs: Publication of rules, etc
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paragraphs: Consequences of certain reinsurance undertakings and SPRVs being wound up
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paragraphs: Consequential amendment of Central Bank Act 1942
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paragraphs: Consequential amendment of Insurance Act 1989