Decision on the provisional equivalence of the solvency regimes in force in Australia, Bermuda, Brazil, Canada, Mexico and the United States and applicable to insurance and reinsurance undertakings with head offices in those countries

This decision recognises that the solvency rules in Australia, Bermuda, Brazil, Canada, Mexico, and the United States are equivalent to the EU's. This aims to reduce regulatory burdens for insurance and reinsurance companies operating in these countries and the EU.

Insurance and reinsurance undertakings with head offices in these countries will benefit from this equivalence. It simplifies their compliance obligations when operating within the EU market.