Directive 2009/138/EC of the European Parliament and of the Council

E554125

Directive 2009/138/EC of the European Parliament and of the Council, commonly known as the Solvency II Directive, is the EU’s comprehensive regulatory framework governing the capital adequacy, risk management, and supervisory oversight of insurance and reinsurance companies.

All labels observed (2)

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Statements (49)

Predicate Object
instanceOf European Union directive
Solvency II Directive
adoptedBy Council of the European Union
European Parliament
aimsTo enhance policyholder protection
harmonise insurance regulation in the EU
promote financial stability
amendedBy Directive 2011/89/EU
Directive 2013/58/EU
Directive 2014/51/EU
appliesTo EU Member States
celexNumber 32009L0138
dateAdopted 2009-11-25
datePublishedInOfficialJournal 2009-12-17
establishes Minimum Capital Requirement
Solvency Capital Requirement
three-pillar supervisory framework
EULawArea financial services
insurance regulation
prudential supervision
implementedThrough national legislation of EU Member States
jurisdiction European Union
legalBasis Article 47(2) of the EC Treaty
officialName Directive 2009/138/EC of the European Parliament and of the Council
partOf EU single market legislation for financial services
pillar1Covers quantitative requirements
pillar2Covers governance and risk management
pillar3Covers reporting and disclosure
regulates insurance undertakings
reinsurance undertakings
regulatoryFocus capital adequacy
disclosure and transparency
risk management
supervisory review
relatedTo European Insurance and Occupational Pensions Authority
repeals First Life Insurance Directive
First Non-Life Insurance Directive
Reinsurance Directive
Second Life Insurance Directive
Second Non-Life Insurance Directive
Third Life Insurance Directive
Third Non-Life Insurance Directive
requires effective system of governance
own risk and solvency assessment
public disclosure of solvency and financial condition report
risk-based capital requirements
shortName Solvency II Directive
subjectMatter taking-up and pursuit of the business of Insurance and Reinsurance
supervisoryAuthorityRole group supervision of insurance groups

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Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Solvency II Directive fullName Directive 2009/138/EC of the European Parliament and of the Council
Directive 2009/138/EC officialName Directive 2009/138/EC of the European Parliament and of the Council
Omnibus II Directive amends Directive 2009/138/EC
linked to: Directive 2009/138/EC of the European Parliament and of the Council