Insurance Supervision Act - VAG

Official name

Gesetz zur Modernisierung der Finanzaufsicht über Versicherungen (VAG)

Type

Act/Law

Level 1

Initiator

German government

Submitted

26.09.2014

Doc. code

BGBl. I Nr. 14/2015

Summary

Status

Get a subscription to have access to the whole content.

Current version

Final version

01.04.2015

Next step

Entry into force

Get a subscription to have access to the whole content.

Application date

Get a subscription to have access to the whole content.

Scope

Level 1

Taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (binding, Main version, EU)

Implementation of Whistleblower Protection Directive and Whistleblower Protection Act (HinSchG) (binding, Main version, Amendment, DE)

Law on the Implementation of the Conversion Directive (UmRUG) (binding, Amendment, DE)

Sanctions Enforcement Act II (SanktDG) (binding, Main version, Amendment, DE)

Virtual general meetings of stock coorperations (binding, Amendment, DE)

Crowdfunding Accompanying Act (binding, Amendment, DE)

Financial Market Integrity Reinforcement Act (FISG) (binding, Amendment, DE)

Second Leadership Positions Act - FüPoG II (binding, Amendment, DE)

Fund Location Act (FoStoG) (binding, Amendment, DE)

IFD implementing law with investment firm law (WpIG) (binding, Main version, Amendment, DE)

Reducing risks and strengthening proportionality in the banking sector (binding, Amendment, DE)

Special provisions for the restructuring and liquidation of central counterparties (binding, Amendment, DE)

Implementation of the second Shareholders' Rights Directive (ARUG II) (binding, Amendment, DE)

Adaptions due to Prospectus-Regulation (binding, Amendment, DE)

Tax regulations accompanying Brexit (binding, Amendment, DE)

National implementation IORP II (recast) (binding, Amendment, DE)

Adjustment of financial market laws regarding securitisations (binding, Amendment, DE)

Implementation of the IDD Directive (binding, Amendment, DE)

Second Financial Market Enforcement Act (binding, Amendment, DE)

Strengthening occupational retirement provision (binding, Amendment, DE)

law of the financial market amendment (binding, Amendment, DE)

Act on the implementation of credit agreements for consumers relating to residential immovable property (binding, Amendment, DE)

Abwicklungsmechanismusgesetz (AbwMechG) (binding, Amendment, DE)

Financial Market Digitization Act - FinmadiG (binding, Amendment, DE)

Future Financing Act (binding, Amendment, DE)

Implementation of the Motor Insurance Directive (binding, Amendment, Main version, DE)

Second Act to Strengthen Company Pensions (binding, Amendment, DE)

Second law on implementation of EU data protection legislation (binding, Amendment, DE)

Implementation of the adaption of the fourth Anti-Money Laundering Directive (binding, Amendment, DE)

Secondary Credit Market Promotion Act (binding, Main version, Amendment, DE)

Financial Crime Combat Act – FKBG (binding, Main version, Amendment, DE)

Act to ensure the enforcement of the EU Regulation on European Green Bonds (binding, Amendment, DE)

Future Financing Act II (binding, Amendment, DE)

Act amending the provisions on distance contracts for financial services (binding, Amendment, DE)

Level 2

Ownership Control Ordinance (binding, Supplement, DE)

FMA cost regulation 2016 - FMA - KVO 2016 (binding, Supplement, AT)

Amendment ot the regulation on Money laundering and terrorist financing risk 2016 (binding, Amendment, AT)

Verordnung über Informationspflichten bei Versicherungsverträgen (binding, Supplement, DE)

Versicherungsberichterstattungs -Verordnung (BerVersV) (binding, Supplement, DE)

Prüfungsberichtverordnung (PrüfV) (binding, Supplement, DE)

Amendment to the Ordinance on the Collective Part of the Provisions for Premium Refunds (binding, Amendment, DE)

Amending of directives according to the "Versicherungsaufsichtsgesetz" (binding, Amendment, DE)

Minimum requirements for complaint management (binding, Supplement, DE)

Amendment of the actuarial reserve regulation (DeckRV) and the pension fund supervisory regulation (PFAV) (binding, Amendment, DE)

VAG - Information obligation Regulation ("VAG-InfoV") (binding, Supplement, DE)

Amendment of the FMA Cost Regulation - Clarification about institutions that are fee-based and with obligation to report (binding, Amendment, AT)

Amendements on the FMA Regulation on costs - Payment Services Act 2018 (binding, Amendment, AT)

Fourth changes to regulations according to the "VAG" (binding, Amendment, DE)

Amendment to the FMA Cost Regulation 2016 (binding, Amendment, AT)

Regulation on notifications for the outsourcing of functions and insurance activities (VersAusgl-AnzV) (binding, Supplement, DE)

Actuarial Ordinance - AktuarV (binding, Supplement, DE)

Investment Regulation - AnlV (binding, Supplement, DE)

Actuarial Reserve Regulation - DeckRV (binding, Supplement, DE)

Financial Reinsurance Ordinance (FinRVV) (binding, Supplement, DE)

Regulation on the Capital Adequacy of Insurance Companies (KapAusstV) (binding, Supplement, DE)

Minimum Contribution Refunds in Life Insurance (MindZV) (binding, Supplement, DE)

Independent Expert Examination of the Annual Financial Statements (SachvPrüfV) (binding, Supplement, DE)

Financing of the Security Fund for Life Insurers (SichLVFinV) (binding, Supplement, DE)

Insurance Reporting Regulation (VersMeldeV) (binding, Supplement, DE)

Supervisory Requirements for Remuneration Systems in the Insurance Sector (VersVergV) (binding, Supplement, DE)

Sixth Regulation amending ordinances under the Insurance Supervision Act (binding, Amendment, DE)

Seventh regulation amending regulations under the Insurance Supervision Act (binding, Amendment, DE)

Pension Fund Supervision Regulation (PFAV) (binding, Supplement, DE)

Amendment to the FMA Cost Regulation to adapt to the FM-GwG Amendment Act (binding, Amendment, AT)

Eighth Regulation amending regulations under the Insurance Supervision Act (binding, Amendment, DE)

Eighth regulation amending regulations under the Insurance Supervision Act (binding, Amendment, DE)

RfB-Regulation - RfBV (binding, Supplement, DE)

Level 3 / Other

Reporting for Solvency II companies (binding, DE)

Circular Letter on internal model changes (binding, Supplement, DE)

Amandments at the internal model of insurance undertakings (binding, Supplement, DE)

Establishment and management of a list of assets (binding, Supplement, DE)

Derivative financial instruments and structured products (binding, Supplement, DE)

Derivative financial instruments under the principle of corporate prudence (non-binding, Supplement, DE)

Investment of the guarantee assets of primary insurance companies (binding, Supplement, DE)

Trustees Circular - Treuhänder-Rundschreiben 3/2016 (VA) (binding, Supplement, DE)

Declaration on the principles of the investment policy in accordance with sections 234 i and 239 (2) VAG (non-binding, Supplement, DE)

Dealing with conflicts of interest within the framework of the principle of entrepreneurial caution (binding, Supplement, DE)

Effect of reinsurance held on the appropriateness of the allocation to the RfB (NW 612) (non-binding, Supplement, DE)

Interpretation of the ban on special remuneration (Section 48b Insurance Supervision Act - VAG) (binding, Supplement, DE)

Implementation and handling of the cross-border activities of insurers and IORPs from the UK and GI (binding, Supplement, DE)

Professional suitability and reliability of members of the management according to VAG (binding, Supplement, DE)

Professional suitability and reliability of members of administrative and supervisory bodies pursuant to VAG (binding, Supplement, DE)

Professional suitability and reliability of persons responsible/working for key functions in accordance with VAG (binding, Supplement, DE)

Interpretative Decision on the Prudent Person Principle (PPP) (binding, Supplement, DE)

Interpretive decisions: ORSA (binding, Supplement, DE)

Instructions on electronic transmission of the list of collateral assets (binding, Supplement, DE)

BaFin guidelines on the avoidance of errors in the notification of outsourcing (non-binding, DE)

Notes on submitting the outsourcing notification in the MVP specialised procedure according to VAG (binding, Supplement, DE)

Explanatory leaflet on the electronic transmission of entries made in the register of assets (binding, Supplement, DE)

Circular letter of preparation and maintenance of a list of assets (binding, Supplement, DE)

Circular letter of preparation and maintenance of the list of assets, submission of the printout and safekeeping of the collateral assets (binding, Supplement, DE)

Revision of circular on the solvency of small insurance undertakings, death benefit funds, pension funds and pension funds (binding, Supplement, DE)

Revision of the circular with instructions on informing the supervisory authority about the values for calculating the minimum premium refund (binding, Supplement, DE)

Source: German government, BGBl. I Nr. 14/2015, 2015