Annex II to the EIOPA Decision on collaboration regarding the transfer of registered office of (re)insurance undertakings

Directive (EU) 2019/2121 of the European Parliament and of the Council of 27 November 2019 amending Directive (EU) 2017/1132 as regards cross-border conversions, mergers and divisions (“Mobility Directive”) strengthens the right of limited liability companies to convert, merge or divide across borders within the European Union, with an emphasis on the protection of interests of their employees, creditors and shareholders. The provisions of the Mobility Directive also apply to the cross-border conversions of insurance and reinsurance undertakings.

To ensure smooth implementation of the Mobility Directive in the insurance sector, a new framework for collaboration between the departure and destination supervisory authorities should be established.

Therefore, the Decision of the Board of Supervisors on the collaboration of the insurance supervisory authorities of the Member States of the European Economic Area (EIOPA-BoS-21-234) of 10 June 2021 should be supplemented with a new annex concerning the application of the Mobility Directive in the insurance sector.