Authorisation procedures for the insurance sector updated – CAA Regulations 22/01, 22/02 and 22/03

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On 6 December 2022, the Commissariat aux Assurances (CAA) adopted three new regulations amending the regime for (re)insurance undertakings, (re)insurance distributors, professionals of the insurance sector (PSAs) and certain executive functions.

1. Key considerations

1.1 CAA Regulation 22/01 – (re)insurance distributors

CAA Regulation n° 22/01 makes the following changes to CAA Regulation 19/01 relating to insurance and reinsurance distribution (as amended):

 

1.2 CAA Regulation 22/02 – PSAs and certain executive functions

CAA Regulation n° 22/02 creates the following dedicated set of rules for PSAs and certain executive functions:

 


1.3 CAA Regulation 22/03 – (re)insurance undertakings

CAA Regulation n° 22/03 makes the following changes to CAA Regulation 15/03 relating to insurance and reinsurance undertakings (as amended):


2. Timeline

The new regulations were published in the Luxembourg Official Journal on 26 January 2023 and entered into force on 27 January 2023.

 

To read CAA Regulation 22/01 (French only), click here_

To read CAA Regulation 22/02 (French only), click here_

To read CAA Regulation 22/03 (French only), click here_

 

Contact our experts Charles Cahoua, Pierre-Michaël de Waersegger and Emmanuelle Mousel if you would like more details.

Download the press release

Luxembourg Newsflash – Authorisation procedures for the insurance sector updated – CAA Regulations 2201, 2202 and 2203

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