Brexit Relocations – An insight in to the Central Bank’s likely Supervisory Approach for Insurance Undertakings

The anticipated relocation of (re)insurance undertakings consequent to Brexit has prompted the European Insurance and Occupational Pensions Authority (“EIOPA”) to issue an opinion promoting regulatory and supervisory convergence (the “Opinion”). The Opinion adopts guidance for national competent authorities (“NCAs”) on issues relating to authorisation, governance, outsourcing and on-going supervision arising in the context of Brexit.  

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