Regulation on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II)

This procedure involves a delegated regulation aimed at correcting linguistic errors in various language versions of the Solvency II framework. It ensures that the rules governing the operation of insurance and reinsurance companies are consistent and legally accurate across all official EU languages.

This affects insurance and reinsurance companies and financial supervisors across the EU, ensuring they apply the same legal standards regardless of the language version used.