Considerations on COM(2017)165 - Signing and provisional application of the Bilateral Agreement with the USA on prudential measures regarding insurance and reinsurance - Main contents
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dossier | COM(2017)165 - Signing and provisional application of the Bilateral Agreement with the USA on prudential measures regarding insurance and ... |
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document | COM(2017)165 |
date | May 29, 2017 |
(2) | The Bilateral Agreement between the European Union and the United States of America on prudential measures regarding insurance and reinsurance (‘the Agreement’) should be signed. |
(3) | With a view to enabling the setting-up of the Joint Committee under the Agreement, which will provide a forum for the Union and the United States of America to exchange information on the proper implementation of the Agreement, and in order to allow for the implementation of harmonised practices by supervisory authorities in the Union as regards group supervision which are already possible under the current Union legal framework in that area, Articles 4 and 7 of the Agreement should be applied on a provisional basis, pending the completion of the procedures necessary for the conclusion of the Agreement, |