EUROPEAN COMMISSION Brussels, XXX COM(2012) 360 ... - BVVM

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CHAPTER II 2002/92/EC (adapted) new REGISTRATION REQUIREMENTS Article 3 Registration 1. Except as provided in Article 4, Iinsurance and reinsurance intermediaries shall be registered with a competent authority as defined in Article 7(2), in their home Member State. Insurance undertakings registered in Member States under Directive 73/239/EEC, Directive 2002/83/EC and Directive 2005/68/EC and their employees shall not be required to register again under this Directive. Without prejudice to the first subparagraph, Member States may stipulate that insurance and reinsurance undertakings and other bodies may collaborate cooperate with the competent authorities in registering insurance and reinsurance intermediaries and in the application of the requirements of Article 4 8 to such intermediaries. In particular, in the case of tied insurance intermediaries, they may be registered by an insurance undertaking or, by an association of insurance undertakings , or by an insurance or reinsurance intermediary under the supervision of a competent authority. new Member States may stipulate that, where an insurance or reinsurance intermediary acts under the responsibility of an insurance or reinsurance undertaking or of another registered insurance or reinsurance intermediary, the latter intermediary or the undertaking shall be responsible for ensuring that it meets the conditions for registration set out in this Directive. In such a case, the person or entity accepting responsibility shall, having been informed by the Member States of the matters set out in paragraph 7 of this Article, sub-paragraphs (a) and (b), be satisfied as to the matter set out in paragraph 7 of this Article, sub-paragraph (c). Member States may also stipulate that the person or entity which takes responsibility for the intermediary shall register that intermediary. 2002/92/EC new Member States need not apply the requirement referred to in the first and second subparagraphs to all the natural persons who work in an insurance or reinsurance undertaking or a registered insurance or reinsurance EN 34 EN
intermediary and who pursue the activity of insurance or reinsurance mediation. 2002/92/EC (adapted) As regards legal persons, Member States shall register such ensure the registration of legal persons and shall also specify in the register the names of the natural persons within the management who are responsible for the mediation business. 2. Member States may establish more than one register for insurance and reinsurance intermediaries provided that they lay down the criteria according to which intermediaries are to be registered. new Member States shall establish an online registration system consisting of one single registration form available on an internet website, which should be easily accessible for insurance intermediaries and undertakings, and allowing the form to be completed directly online. 2002/92/EC 3. Member States shall see to it that a single information point is established allowing quick and easy access to information from these various registers, which shall be compiled electronically and kept constantly updated. This information point shall also provide the identification details of the competent authorities of each Member State referred to in paragraph 1, first subparagraph. The register shall indicate further the country or countries in which the intermediary conducts business under the rules on the freedom of establishment or on the freedom to provide services. new 4. EIOPA shall establish, publish on its website and keep up-to-date a single electronic register containing records of insurance and reinsurance intermediaries which have notified their intention to carry on cross-border business in accordance with Chapter IV. Member States shall provide relevant information to EIOPA promptly to enable it to do this. This register shall show a hyperlink to each relevant competent authority in each Member State. That register shall contain links to, and be accessible from, each of the Member States' competent authorities' websites. EN 35 EN
Page 1 and 2: EUROPEAN COMMISSION Proposal for a
Page 3 and 4: participants involved in the sellin
Page 5 and 6: Overall, the estimate of the admini
Page 7 and 8: Article 1 enlarges the scope of IMD
Page 9 and 10: intermediation activities on an anc
Page 11 and 12: Chapter VII - Additional customer p
Page 13 and 14: The proposal has implications for t
Page 15 and 16: Whereas: new (1) A number of amend
Page 17 and 18: einsurance intermediaries in the in
Page 19 and 20: 2002/92/EC recital 16 (new) (17) Ap
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Page 23 and 24: intermediary or undertaking should
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Page 27 and 28: developments in other areas of Unio
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Page 33: (b) where the intermediary is a leg
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Page 39 and 40: new (a) the name, address and any r
Page 41 and 42: 2. The competent authority of the h
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Page 45 and 46: years after the entry into force of
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Page 49 and 50: (d) the procedure is free of charge
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Page 53 and 54: eceived by any employee of theirs f
Page 55 and 56: (b) in a clear and accurate manner,
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Page 61 and 62: cause a disproportionate damage to
Page 63 and 64: Article 30 Reporting of breaches 1.
Page 65 and 66: shall put an end to the delegation
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Page 69 and 70: transactions. The entities mentione
Page 71 and 72: The new IMD would continue to have
Page 73 and 74: new LEGISLATIVE FINANCIAL STATEMENT
Page 75 and 76: 1.4.3. Expected result(s) and impac
Page 77 and 78: 1.6 Duration and financial impact
Page 79 and 80: Fraud Office (OLAF) and shall immed
Page 81 and 82: 3.2. Estimated impact on expenditur
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Heading of multiannual financial fr
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3.2.3. Estimated impact on appropri
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3.2.4. Compatibility with the curre
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Annex to the Legislative Financial
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new EN 93 EN
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EUROPEAN COMMISSION Brussels, XXX COM(2012) 360 ... - BVVM

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