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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

Participations in financial and credit institutions as referred to in paragraph 1(b) shall comprise the following: participations which insurance and reinsurance undertakings hold in: credit institutions and financial institutions within the meaning of Article 4(1) and (5) of Directive 2006/48/EC, investment firms within the meaning of point 1 of Article 4(1) of Directive 2004/39/EC; subordinated claims and instruments referred to in Article 63 and Article 64(3) of Directive 2006/48/EC which insurance and reinsurance undertakings hold in respect of the entities defined in point (a) of this paragraph in which they hold a participation.

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