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

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Current version

Final version

01.04.2015

Next step

Entry into force

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Application date

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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)

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

Second law on implementation of EU data protection legislation (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, Main version, 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)

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

Future Financing Act II (binding, Amendment, DE)

Level 2

Ownership Control Ordinance (binding, Supplement, DE)

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

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

Level 3 / Other

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

Trustees Circular - Treuhänder-Rundschreiben 3/2016 (VA) (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)

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