Database on German and European Economic Law

 Directive 2005/68/EC

I. Description

Reinsurance is a major financial activity as it allows direct insurance undertakings, by facilitating a wider distribution of risks at worldwide level, to have a higher underwriting capacity to engage in insurance business and provide insurance cover and also to reduce their capital costs; furthermore, reinsurance plays a fundamental role in financial stability, since it is an essential element in ensuring the financial soundness and the stability of direct insurance markets as well as the financial system as a whole, because it involves major financial intermediaries and institutional investors.

II. General Information

Title

Directive 2005/68/EC of the European Parliament and of the Council of 16 November 2005 on reinsurance and amending Council Directives 73/239/EEC,   92/49/EEC as well as Directives   98/78/EC and   2002/83/EC

Status
Repealed
Directive
2005/68/EC
Source
O.J. EC No L (Legislation), Edition 323, Year 2005, p.1
Adoption
11/16/2005
Promulgation
12/09/2005
Character
Regular Act
Legal Basis
Art. 47 EC
Legislative Procedure
Codecision procedure

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text :
Directive 2005/68/EC of the European Parliament and of the Council of 16 November 2005 on reinsurance and amending Council Directives 73/239/EEC,   92/49/EEC as well as Directives   98/78/EC and   2002/83/EC

  2005/68/EC

Beschluss:
11/16/2005 (A)
Verkuendung:
12/09/2005 (P)
(A) Adoption | (P) Promulgation

2. Legal Impact

Auswirkungstyp
Richtlinie
Textfassungen
Amendment
  Directive 2002/83/EC
Amendment
  Directive 98/78/EC
Amendment
  Directive 92/49/EEC
Amendment
  Directive 73/239/EEC

Legend

Legislative Act Status

Documents

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Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions
2. Legal Impact