Règlement grand-ducal du 18 mars 2013 portant modification du règlement grand-ducal modifié du 5 décembre 2007 précisant les conditions d'agrément et d'exercice des entreprises de réassurance.

This preamble introduces a grand-ducal regulation amending the 2007 regulation on approval conditions and operating rules for reinsurance companies.

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Jurisdiction: Luxembourg
Instrument: Regulation
Citation: http://data.legilux.public.lu/eli/etat/leg/rgd/2013/03/18/n1/jo
Status: In force
Version: Undated source snapshot
Language: fr
Updated: 18 Mar 2013
Official source: View official record ↗

capital/voting rights threshold licensing ownership change plan of activities publication regulatory conditions regulatory implementation reinsurance

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This preamble introduces a grand-ducal regulation amending the 2007 regulation on approval conditions and operating rules for reinsurance companies. Ownership changes in a reinsurance company that cross 50% of voting rights or capital can be treated as a substantial change to the business plan; the relevant multiples are fixed for five years unless that happens. The Minister of Finance is responsible for carrying out this regulation, and it will be published in the Mémorial.

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Provisions of Règlement grand-ducal du 18 mars 2013 portant modification du règlement grand-ducal modifié du 5 décembre 2007 précisant les conditions d'agrément et d'exercice des entreprises de réassurance.

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Preamble

preamble
Preamble
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AI-assisted research summary: This preamble introduces a grand-ducal regulation amending the 2007 regulation on approval conditions and operating rules for reinsurance companies.

Le contenu de la version HTML du Journal officiel luxembourgeois est identique Ã la version PDF. RÃ¨glement grand-ducal du 18 mars 2013 portant modification du rÃ¨glement grand-ducal modifiÃ© du 5 dÃ©cembre 2007 prÃ©cisant les conditions d'agrÃ©ment et d'exercice des entreprises de rÃ©assurance. Nous Henri, Grand-Duc de Luxembourg, Duc de Nassau, Vu la loi modifiÃ©e du 6 dÃ©cembre 1991 sur le secteur des assurances; Vu l'article 2 (1) de la loi modifiÃ©e du 12 juillet 1996 portant rÃ©forme du Conseil d'Etat et considÃ©rant qu'il y a urgence; Sur le rapport de Notre Ministre des Finances et aprÃ¨s dÃ©libÃ©ration du Gouvernement en Conseil; ArrÃªtons: â

1 er
Art. 1 er .
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AI-assisted research summary: Ownership changes in a reinsurance company that cross 50% of voting rights or capital can be treated as a substantial change to the business plan; the relevant multiples are fixed for five years unless that happens.

Art. 1 er . L'article 12 paragraphe 2 littera c) du rÃ¨glement grand-ducal modifiÃ© du 5 dÃ©cembre 2007 prÃ©cisant les conditions d'agrÃ©ment et d'exercice des entreprises de rÃ©assurance est modifiÃ© comme suit: â Â«Â Â Â Â Â c) Les multiples visÃ©s ci-dessus sont fixÃ©s pour une durÃ©e de cinq ans sauf modification substantielle du plan d'activitÃ©s. Tout changement d'actionnariat, autre qu'un changement d'actionnariat intragroupe, ayant pour effet que la participation, directe ou indirecte, d'une personne physique ou morale dans les droits de vote ou dans le capital d'une entreprise de rÃ©assurance franchit le seuil de 50%, est rÃ©putÃ© comporter une modification substantielle du plan d'activitÃ©s de cette derniÃ¨re. La dÃ©cision du Commissariat fixant les nouveaux multiples en cas de changement substantiel du plan d'activitÃ©s dÃ©termine leur date d'application ainsi que la date d'expiration des multiples prÃ©cÃ©demment en vigueur. â â â â â Â Â Â Â Â Â» â
2
Art. 2.
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AI-assisted research summary: The Minister of Finance is responsible for carrying out this regulation, and it will be published in the Mémorial.

Art. 2. Notre Ministre des Finances est chargÃ© de l'exÃ©cution du prÃ©sent rÃ¨glement qui sera publiÃ© au MÃ©morial. Le Ministre des Finances, Luc Frieden ChÃ¢teau de Berg, le 18 mars 2013. Henri

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