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Decision facilitating cooperation on relocating insurance undertakings updated by Eiopa

( July 1, 2024, 13:40 GMT | Official Statement) -- MLex Summary: The European Insurance and Occupational Pensions Authority has supplemented its 2021 decision — on collaboration between supervisory authorities — with a new annex dedicated to supervisory cooperation for when an insurance or reinsurance undertaking relocates within the EU. The annex aims to enable effective transitions when undertakings transfer their registered office within the Single Market, and emphasizes “active and early engagement between supervisors in the departure and destination countries,” Eiopa said.Statement follows. The annex is attached....

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