art_15__para_5

5. For the purposes of paragraph 4, resolution authorities shall have the power to take at least any of the following alternative measures: require the insurance or reinsurance undertaking to revise any intra-group financing agreements or review the absence thereof, or draw up service agreements, whether intra-group or with third parties; require the insurance or reinsurance undertaking to limit its maximum individual and aggregate exposures; impose specific or regular additional information requirements relevant for resolution purposes; require the insurance or reinsurance undertaking to divest specific assets or to restructure liabilities; require the insurance or reinsurance undertaking to limit or cease specific existing or proposed activities; restrict or prevent the development of new or existing business lines or sale of new or existing products; require the insurance or reinsurance undertaking to change the reinsurance strategy; require changes to legal or operational structures of the insurance or reinsurance undertaking or any group entity, either directly or indirectly under its control, so as to reduce complexity to ensure that critical functions may be legally and operationally separated from other functions through the application of the resolution tools; require the insurance or reinsurance undertaking or a parent undertaking to set up a parent insurance holding company in a Member State or a Union parent insurance holding company; where the insurance or reinsurance undertaking is the subsidiary undertaking of a mixed-activity insurance holding company, require that the mixed-activity insurance holding company sets up a separate insurance holding company to control the insurance or reinsurance undertaking, where necessary to facilitate the resolution of the insurance or reinsurance undertaking and to avoid that the application of resolution tools and the exercise of resolution powers has an adverse effect on the non-financial part of the group.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-14 · Text as adopted (Official Journal); later amendments are not incorporated in this text.