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Brexit and the future of cross-border (re-)insurance and pensions business from the UK and Gibraltar in Germany - BaFin issues new Post-Brexit Access Ruling | Dentons

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Following the end of the EU-UK transition period and the UK’s full withdrawal from the EU on December 31, 2020, (re-)insurance undertakings domiciled in the UK or Gibraltar have lost their European passporting rights that they previously had under Article 15(1) of Directive 2009/138/EC
Solvency II). Equally, those pension funds that were, under EU rules categorized as institutions for occupational retirement provision (
IORPs), domiciled in the UK or Gibraltar, have lost rights under Articles 11 and 12 of Directive (EU) 2016/2341
IORPs II Directive), notably those that previously allowed IORPs to operate on a cross-border basis without an establishment in a given EU Member State. ....

United Kingdom , Finanzdienstleistungsaufsicht Bafin , German Federal Financial Supervisory Authority Bundesanstalt , United Kingdom Prudential Regulation Authority , Occupational Pensions Authority , German Federal Financial Supervisory Authority , Post Brexit Access Ruling , Bafin Circular , Bafin General Ruling , Client Alert , United Kingdom Trade , Cooperation Agreement , German Insurance Supervision Act , Prudential Regulation Authority , European Insurance , Member State , General Good , European Supervisory Authorities , Current Invisible Operations , Supervisory Principles , Post Brexit Access , While Bafin , ஒன்றுபட்டது கிஂக்டம் , ஒன்றுபட்டது கிஂக்டம் விவேகமான ஒழுங்குமுறை அதிகாரம் , தொழில் ஓய்வூதியங்கள் அதிகாரம் , ஜெர்மன் கூட்டாட்சியின் நிதி மேற்பார்வை அதிகாரம் ,

Bulgaria: reforms to improve competition, governance and skills would strengthen the recovery from COVID-19

Bulgaria: reforms to improve competition, governance and skills would strengthen the recovery from COVID-19
, says the recovery from the economic shock caused by COVID-19 will take time. As an open economy specialised in manufacturing exports, Bulgaria remains exposed to further shocks to external demand, even though prudent management of public finances has put the country in a solid position to provide continued support. There is also room for investment in areas like transport, energy and digital infrastructure, which would invigorate the recovery.

“The COVID-19 crisis has hit Bulgaria in a period of robust economic growth and rising incomes. Getting through this crisis and coming out in stronger shape will require continued support to people and businesses as well as investment and reforms to drive productivity and raise living standards for all Bulgarians,” said ....

United States , France General , United Kingdom , Czech Republic , New Zealand , Slovak Republic , Costa Rica , Angel Gurr , Catherine Bremer , Boyko Borissov , Media Office , General Angel Gurr , Prime Minister Boyko , East Europe , Economic Assessment , Public Governance Review , Investment Policy , Action Plan , Capital Movements , Current Invisible Operations , ஒன்றுபட்டது மாநிலங்களில் , பிரான்ஸ் ஜநரல் , ஒன்றுபட்டது கிஂக்டம் , செக் குடியரசு , புதியது ஜீலாந்து , ஸ்லோவாக் குடியரசு ,