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
To embed, copy and paste the code into your website or blog: 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 ...
Source: jdsupra.com