2 Amendments of Valentino GRANT related to 2021/0296(COD)
Amendment 106 #
Proposal for a directive
Article 5 – paragraph 5
Article 5 – paragraph 5
5. Supervisory authorities shall ensure that insurance and reinsurance undertakings update their pre-emptive recovery plans at least annuallyevery two years and after a change to the legal or organisational structure of the undertaking concerned, or to its business or its financial situation, which could have a material effect on, or necessitates a material change to, the pre- emptive recovery plan.
Amendment 137 #
Proposal for a directive
Article 9 – paragraph 4 – subparagraph 2
Article 9 – paragraph 4 – subparagraph 2
Resolution plans shall not assume any extraordinary public financial support besides, where available, the use of insurance guarantee schemes or of any financing arrangements. or public intervention aimed at ensuring the protection of policyholders and the financial stability of Member States.