B. whereas the mandate of the Committee of Inquiry was to: (1) investigate alleged contraventions or maladministration in the application of Council Directive 92/96/EEC of 10 November 1992 on the coordination of laws, regulations and administrative provisions
relating to direct life assurance and amending Directives 79/267/EEC and 90/619/EEC (third life assurance Directive), now codified by Directive 2002/83/EC of the European Parliament and of the Council of 5 November 2002 concerning life assurance, by the United Kingdom's competent authorities in relation to the Equitable Life Assurance Society (Equitable Life), notably as regards th
...[+++]e regulatory regime and the monitoring of the financial health of insurance undertakings, including their state of solvency, the establishment of adequate technical provisions and the covering of those provisions by matching assets; (2) assess whether the Commission has properly fulfilled its duty to monitor the correct and timely transposition of Community law and identify whether systematic weaknesses contributed to the situation that has arisen; (3) assess allegations that the UK regulators consistently failed, over a number of years, and at least since 1989, to protect policy holders by exercising rigorous supervision of accounting and provisioning practices and the financial situation of Equitable Life; (4) assess the status of claims by non-UK European citizens and the adequacy of remedies available under UK and/or EU legislation for policy-holders from other Member States; and (5) make any proposals that it deems necessary in this matter,B. in Kenntnis des Mandats des Untersuchungsausschusses, das Folgendes umfasst: 1. Prüfung behaupteter Verstöße oder Missstände bei der Anwendung der Richtlinie 92/96/EWG des Rates vom 10. November 1992 zur Koordinierung der Rechts- und Verwaltungsvorschriften für die Direktversicherung (Lebensversicherung) sowie zur Änderung der Richtlinien 79/267/EWG und 90/619/EWG (Dritte Richtlinie Lebensversicherung), die inzwischen durch die Richtlinie 2002/83/EG des Europäischen Parlaments und des Rates vom 5. November 2002 über Lebensversicherungen kodifiziert wurde, durch die zuständigen Behörden des Vereinigten Königreichs in Bezu
g auf die Equitable Life Assurance ...[+++] Society (Equitable Life), namentlich was das Regulierungssystem und die Beaufsichtigung der finanziellen Gesundheit von Versicherungsunternehmen, einschließlich ihrer Solvenzsituation, der Bildung ausreichender versicherungstechnischer Rücklagen und der Absicherung dieser Rücklagen durch entsprechende Vermögenswerte betrifft
