Regulation (EU) 2017/353 replacing Annexes A and B to Regulation (EU) 2015/848 on insolvency proceedings: what it means for Insurance

to replace the lists of insolvency proceedings and insolvency practitioners in Annexes A and B to Regulation (EU) 2015/848 on insolvency proceedings. PROPOSED ACT: Regulation of the European Parliament and of the Council. ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with the Council. BACKGROUND: Regulation (EU) 2015/848 of the European Parliament and of the Council on insolvency proceedings (recast) entered into force on 26 June 2015. It will apply from 26 June 2017, with the exception of the part relating to the…

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Insurers and reinsurers operate under the EU's prudential and conduct framework — Solvency capital requirements, distribution rules and policyholder protection. These are the core acts.

Regulation (EU) 2017/353 replacing Annexes A and B to Regulation (EU) 2015/848 on insolvency proceedings sits in that rulebook because its subject matter covers solvency. Whether — and how — it applies to a given business depends on that business’s activities, products and markets.

• Directive (EU) 2025/1 establishing a framework for the recovery and resolution of insurance and reinsurance undertakings32025L0001
• Council Implementing Decision (EU) 2021/879 of 27 May 2021 on the appointment of the Chair of the European Insurance and Occupational Pensions Authority (EIOPA)32021D0879

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The act’s summary is the European Parliament’s own procedure record; the sector connection is the act’s stated subject matter. Lex shows the law and the grounded connection — not legal advice. Data © European Union (Decision 2011/833/EU). Methodology.