Directive on the renewal of the determination that the solvency regime in force in Brazil, Japan and Mexico applicable to undertakings with their head office in those third countries is provisionally equivalent to that laid down in Title I, Chapter VI of Directive 2009/138/EC of the European Parliament and of the Council

This decision assesses if the insurance solvency rules in Brazil, Japan, and Mexico are equivalent to EU rules. This allows EU insurers to operate more easily in these countries and vice versa.

It affects insurance companies and pension funds in the EU and the named countries. It aims to reduce administrative burdens and promote fair competition in the insurance market.