2. Solvency II — Directive 2009/138/EC of the European Parliament and of the…

2.

Solvency II

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) (recast) (Text with EEA relevance) · European Union

Outsourcing of critical or important operational functions or activities shall not be undertaken in such a way as to lead to any of the following: materially impairing the quality of the system of governance of the undertaking concerned; unduly increasing the operational risk; impairing the ability of the supervisory authorities to monitor the compliance of the undertaking with its obligations; undermining continuous and satisfactory service to policy holders.

← art_49__para_1__text_1 · All articles · art_49__para_2__text_1 →

Source: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.