EUROPEAN COMMISSION Brussels, XXX COM(2012) 360 ... - BVVM
EUROPEAN COMMISSION Brussels, XXX COM(2012) 360 ... - BVVM
EUROPEAN COMMISSION Brussels, XXX COM(2012) 360 ... - BVVM
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Member States shall ensure that the competent authorities have in place appropriate<br />
measures enabling them to monitor whether insurance and reinsurance intermediaries<br />
continue to meet the registration requirements of this Directive at all times.<br />
7. Member States shall ensure that their competent authorities request the following<br />
information from insurance and reinsurance intermediaries, as a condition of<br />
registration:<br />
(a) to provide information to their competent authorities of the identities of<br />
shareholders or members, whether natural or legal persons, that have a holding<br />
in the intermediary that exceeds 10% and the amounts of those holdings;<br />
(b) to provide information to their competent authorities of the identities of<br />
persons who have close links with the insurance or reinsurance intermediary;<br />
(c) to demonstrate in a satisfactory manner that the holdings or close links do not<br />
prevent the effective exercise of the supervisory functions of the competent<br />
authority.<br />
8. Member States shall ensure that the competent authorities refuse registration if the<br />
laws, regulations or administrative provisions of a third country governing one or<br />
more natural or legal persons with which the insurance or reinsurance intermediary<br />
has close links, or difficulties involved in the enforcement of those laws, regulations<br />
or administrative provisions, prevent the effective exercise of their supervisory<br />
functions.<br />
CHAPTER III<br />
SIMPLIFIED REGISTRATION PROCEDURE –<br />
DECLARATION OF ACTIVITIES<br />
Article 4<br />
Declaration procedure for providing ancillary insurance mediation; professional<br />
management of claims or loss assessment services<br />
1. The registration requirements in Article 3 shall not apply to an insurance<br />
intermediary which conducts insurance mediation on an ancillary basis, provided that<br />
its activities meet all the following conditions:<br />
(a) the principal professional activity of the insurance intermediary is other than<br />
insurance mediation;<br />
(b) the insurance intermediary only mediates certain insurance products that are<br />
complementary to a product or service and clearly identifies them in the declaration;<br />
(c) the insurance products concerned do not cover life assurance or liability risks, unless<br />
that cover is incidental to the main cover.<br />
EN 37 EN