General aspects

The Solvency II Directive[1] lays down a series of requirements on fitness and propriety for managers of insurance and reinsurance undertakings and responsible persons of independent control functions. Additional requirements are also included in Delegated Regulation 2015/35[2] (hereinafter "Delegated Regulation 2015/35"), EIOPA’s Guidelines on System of Governance of 14 September 2015 (hereinafter "EIOPA Guidelines") and the NBB Circular 2016_31 on the governance system (hereinafter "Circular 2016_31").

[1] Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance.

[2] Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance.