Section 2: Provisions specific to groups with a parent undertaking having its registered office outside the European Union

I.-The equivalence of group supervision exercised by a supervisory authority of a third country to that mentioned in Article L. 356-11 may be determined by a delegated act of the Commission adopted pursuant to paragraphs 3 and 5 of Article 260 of Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 (Solvency II). II – Where no delegated act has been adopted by the Commission,…

I.-For the application of Article L. 356-12, insurance or reinsurance undertakings shall apply either the general principles and methods mentioned in Articles L. 356-6 to L. 356-10 and L. 356-15 to L. 356-24 at the level of the parent undertaking in the third country in accordance with the procedures set out in II, or one of the methods set out in III. II.For the sole purpose of calculating group solvency,…