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Adopted text

Establishing a framework for the recovery and resolution of insurance and reinsurance undertakings

TA-9-2024-0294 · P9_TA(2024)0294 · PE732.670

✦ In short · AI summary of this text, generated 26 Sept 2026

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Parliament adopted its first-reading position on a proposed directive setting a framework for the recovery and resolution of insurance and reinsurance undertakings. The position corresponds to the final legislative act, Directive (EU) 2025/1, after an agreement with the Council. The directive amends several existing directives and regulations, including Directives 2002/47/EC, 2004/25/EC, 2009/138/EC, (EU) 2017/1132 and Regulations (EU) No 1094/2010 and (EU) No 648/2012. Parliament calls on the Commission to refer the matter to it again if the Commission replaces, substantially amends or intends to substantially amend its proposal.

Key points

  1. Parliament adopts its position at first reading on the proposed directive establishing a framework for the recovery and resolution of insurance and reinsurance undertakings.
  2. The position corresponds to the final legislative act, Directive (EU) 2025/1, following an agreement between Parliament and Council.
  3. The directive amends Directives 2002/47/EC, 2004/25/EC, 2009/138/EC, (EU) 2017/1132 and Regulations (EU) No 1094/2010 and (EU) No 648/2012.
  4. Parliament calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal.

Who is affected

  • Insurance and reinsurance undertakings, which will be subject to the recovery and resolution framework.

Legal basis: Article 294(2) and Article 114 of the Treaty on the Functioning of the European Union.