Regulation (EU) 2021/2260: what it means for Insurance

to update Annexes A and B of Regulation (EU) 2015/848 on insolvency proceedings to ensure that the scope of the Regulation reflects the current legal framework of the Member States on insolvency. 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 is an important instrument for judicial cooperation in civil matters at EU level. It contains a comprehensive set of rules directly applicable to…

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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) 2021/2260 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
• Regulation (EU) 2017/353 replacing Annexes A and B to Regulation (EU) 2015/848 on insolvency proceedings32017R0353

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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.