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EUROPEAN COMMISSION Brussels, XXX COM(2012) 360 ... - BVVM

EUROPEAN COMMISSION Brussels, XXX COM(2012) 360 ... - BVVM

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(a) the name, address and any registration number of the intermediary;<br />

(b) the Member State or States in which the intermediary intends to operate;<br />

(c) the category of intermediary and, if applicable, the name of any insurance or<br />

reinsurance undertaking represented;<br />

(d) the relevant classes of insurance, if applicable;<br />

(e) demonstration of professional knowledge and ability.<br />

2. The competent authority of the home Member State shall, within one month of<br />

receiving the information referred to in paragraph 1, forward it to the competent<br />

authority of the host Member State, which shall acknowledge the receipt without<br />

delay. The home Member State shall inform the insurance or reinsurance<br />

intermediary in writing that the information has been received by the host Member<br />

State and that the insurance or reinsurance undertaking can commence its business in<br />

the host Member State.<br />

When receiving the information referred to in paragraph 1, the host Member State<br />

shall accept previous experience in insurance or reinsurance mediation activity, as<br />

demonstrated by proof of registration or declaration in the home Member State, as<br />

evidence of the required knowledge and ability.<br />

3. The proof of the previous registration or declaration shall be established by evidence<br />

of registration issued or declaration received by the competent authority or body of<br />

the home Member State of the applicant, which the latter shall submit in support of<br />

his application presented to the host Member State.<br />

4. In the event of a change in any of the particulars communicated in accordance with<br />

paragraph 1, the insurance or reinsurance intermediary shall give written notice of<br />

that change to the competent authority of the home Member State at least one month<br />

before implementing the change. The competent authority of the host Member State<br />

shall also be informed of that change by the competent authority of the home<br />

Member State as soon as is practicable and no later than one month from the date of<br />

receipt of the information by the competent authority of the home Member State.<br />

Article 6<br />

Exercise of the freedom of establishment<br />

1. Member States shall require any insurance or reinsurance intermediary who intends<br />

to exercise his freedom of establishment to establish a branch within the territory of<br />

another Member State first to notify the competent authority of his home Member<br />

State and to provide it with the following information:<br />

(a) the name, address and registration number (where applicable) of the<br />

intermediary;<br />

EN 39 EN

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