Citation Tagging

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Project 35984 – Task 1110254

Instructions: Tag the Citation and add a corresponding Event if applicable. Task Description: Tag the "1.115." Citation Authority Document URL: Website URI Document URI

Citation Reference: 1.115.

Citation Guidance: If critical or important functions or activities are outsourced within the group, the participating insurance or reinsurance undertaking, the insurance holding company or the mixed financial holding company should document which functions relate to which legal entity and ensure that the performance of the critical or important functions or activities concerned at the level of the undertaking is not impaired by such arrangements.

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The new guidance differs from the current guidance, see below:
The new guidance is identical to the current guidance.

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