In PL:
(a)
(b)
direct insurance services (including co-insurance) for the insurance of risks relating to
goods in international trade;
reinsurance and retrocession of risks relating to goods in international trade;
EU/NZ/Annex 10-B/en 93
(c)
(d)
(e)
direct insurance services (including co-insurance and retrocession) and direct insurance
intermediation for the insurance of risks relating to:
G@) maritime transport and commercial aviation and space launching and freight (including satellites), with such insurance to cover any or all of the following: the goods being transported, the vehicle transporting the goods, and any liability
deriving therefrom; and
Gi) goods in international transit;
the provision and transfer of financial information, and financial data processing and
related software by suppliers of other financial services; and advisory and other auxiliary financial services as referred to in point (a)(ii)(L) of
10.63. Definitions) Relating to Banking and other Financial Services, but Not Intermediation as Described In That Article.EU/NZ/Annex 10-B/en 94
In RO:
(a) direct insurance services (including co-insurance) and direct insurance intermediation
for the insurance of risks relating to:
(@) maritime transport and commercial aviation and space launching and freight
(including satellites), with such insurance to cover any or all of the following: the
goods being transported, the vehicle transporting the goods, and any liability
deriving therefrom; and
Gi) goods in international transit;
(b) reinsurance and retrocession;
(c) services auxiliary to insurance;
(d) acceptance of deposits;
(e) lending of all types;
(f) guarantees and commitments;
(g) money broking;
EU/NZ/Annex 10-B/en 95
(h) | the provision and transfer of financial information, and financial data processing and
telated software; and
G@) advisory and other auxiliary financial services as referred to in point (a)(ii)(L) of Article 10.63 (Definitions) relating to banking and other financial services, but not intermediation as described in that Article.
In SE
(a) direct insurance services (including co-insurance) and direct insurance intermediation
for the insurance of risks relating to:
G@) maritime transport and commercial aviation and space launching and freight (including satellites), with such insurance to cover any or all of the following: the goods being transported, the vehicle transporting the goods, and any liability deriving therefrom; and
Gi) goods in international transit;
(b) reinsurance and retrocession;
(c) services auxiliary to insurance;
(d) lending of all types;
EU/NZ/Annex 10-B/en 96
(b)
(e) the acceptance of guarantees and commitments from foreign credit institutions by
domestic legal entities and sole proprietors;
(f) the provision and transfer of financial information, and financial data processing and
related software by suppliers of other financial services; and
(g) advisory and other auxiliary financial services as referred to in point (a)(ii)(L) of Article 10.63 (Definitions) relating to banking and other financial services, but not intermediation as described in that Article.
Insurance and insurance-related services
With respect to Cross-border trade in services â Market access, National treatment:
In BG: Transport insurance, covering goods, insurance of vehicles as such and liability
insurance regarding risks located in Bulgaria may not be underwritten by foreign insurance
companies directly.
In DE: If a foreign insurance company has established a branch in Germany, it may conclude
insurance contracts in Germany relating to international transport only through the branch
established in Germany.
EU/NZ/Annex 10-B/en 97
Existing measures:
DE: Luftverkehrsgesetz (LuftVG); and
Luftverkehrszulassungsordnung (LuftVZO).
With respect to Investment liberalisation â Market access, National treatment and
Cross-border trade in services â Market access, National treatment:
In ES: Residence is required, or alternatively to have two years of experience, for the actuarial
profession.
With respect to Cross-border trade in services â Local presence:
In FI: The supply of insurance broker services is subject to having a permanent place of
business in the Union.
Only insurers having their head office in the Union or having a branch in Finland may offer
direct insurance services, including co-insurance.
EU/NZ/Annex 10-B/en 98
Existing measures:
FI: Laki ulkomaisista vakuutusyhtidisté (Act on Foreign Insurance Companies) (398/1995);
Vakuutusyhtidlaki (Insurance Companies Act) (521/2008); and
Laki vakuutusten tarjoamisesta (Act on Insurance Distribution) (234/2018).
In FR: Insurance of risks relating to ground transport may be underwritten only by insurance firms established in the Union.
Existing measures:
FR: Code des assurances.
In HU: Only juridical persons of the Union and branches registered in Hungary may supply
direct insurance services.
EU/NZ/Annex 10-B/en 99
Existing measures:
HU: Act LX of 2003.
In IT: Transport insurance of goods, insurance of vehicles and liability insurance regarding tisks located in Italy may be underwritten only by insurance companies established in the European Union, except for international transport involving imports into Italy. Cross-border supply of actuarial services.
Existing measures:
IT: Article 29 of the code of private insurance (Legislative decree No. 209 of 7 September 2005), Law 194/1942 on the actuarial profession.
In PT: Air and maritime transport insurance, covering goods, aircraft, hull and liability may be underwritten only by enterprises of the Union. Only natural persons of, or enterprises established in, the Union may act as intermediaries for such insurance businesses in Portugal.
Existing measures:
PT: Article 3 of Law 147/2015, Article 8 of Law 7/2019.
EU/NZ/Annex 10-B/en 100
With respect to Investment liberalisation â Market access, National treatment:
In SK: Foreign nationals may establish an insurance company in the form of a joint stock company or may conduct insurance business through their branches having a registered office in the Slovak Republic. Authorisation in both cases is subject to evaluation of the supervisory authority.
Existing measures:
SK: Act 39/2015 on Insurance.
With respect to Investment liberalisation â Market access, National treatment and
Cross-border trade in services â Market access:
In FE: At least one half of the members of the board of directors and the supervisory board, and the managing director of an insurance company providing statutory pension insurance shall have their place of residence in the EEA, unless the competent authorities have granted an exemption. Foreign insurers may not obtain a licence in Finland as a branch to carry out statutory pension insurance. At least one auditor shall have his permanent residence in
the EEA.
EU/NZ/Annex 10-B/en 101
For other insurance companies, residency in the EEA is required for at least one member of the board of directors, the supervisory board and the managing director. At least one auditor shall have his permanent residence in the EEA. A general agent of an insurance company of New Zealand must have their place of residence in Finland, unless the company has its head office in the Union.
Existing measures:
FI: Laki ulkomaisista vakuutusyhtidisté (Act on Foreign Insurance Companies) (398/1995); Vakuutusyhtidlaki (Insurance Companies Act) (521/2008);
Laki vakuutusedustuksesta (Act on Insurance Mediation) (570/2005);
Laki vakuutusten tarjoamisesta (Act on Insurance Distribution) (234/2018); and
Laki tydelikevakuutusyhtidista (Act on Companies providing statutory pension insurance) (354/1997).
EU/NZ/Annex 10-B/en 102
(c)
Banking and other financial services
With respect to Investment liberalisation â Market access and Cross-border trade in services â
Local presence:
In the EU: Only juridical persons having their registered office in the Union can act as depositories of the assets of investment funds. The establishment of a specialised management company, having its head office and registered office in the same Member State, is required to perform the activities of management of common funds, including unit trusts, and, where
allowed under national law, investment companies.
Existing measures:
EU:
Directive 2009/65/EC of the European Parliament and of the Councilâ; and
Directive 2011/61/EU of the European Parliament and of the Council?.
Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (OJ EU L 302, 17.11.2009, p. 32). Directive 201 1/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010 (OJ EU L 174, 1.7.2011, p. 1).
EU/NZ/Annex 10-B/en 103
In EE: For acceptance of deposits, requirement of authorisation by the Estonian Financial Supervision Authority and registration under Estonian law as a joint-stock company, a subsidiary or a branch.
Existing measures:
EE: Krediidiasutuste seadus (Credit Institutions Act) § 206 and §21.
In SK: Investment services may only be provided by management companies which have the
legal form of a joint-stock company with equity capital according to the law.
Existing measures:
SK: Act 566/2001 on Securities and Investment Services; and
Act 483/2001 on Banks.
With respect to Investment liberalisation â National treatment, Senior management and boards of directors
In FE At least one of the founders, the members of the board of directors, the supervisory board, the managing director of banking services providers and the person entitled to sign the name of the credit institution shall have their permanent residence in the EEA. At least one
auditor shall have his permanent residence in the EEA.
EU/NZ/Annex 10-B/en 104
Existing measures:
FI: Laki liikepankeista ja muista osakeyhtiémuotoisista luottolaitoksista (Act on Commercial Banks and Other Credit Institutions in the Form of a Limited Company) (1501/2001);
Saiistépankkilaki (1502/2001) (Savings Bank Act);
Laki osuuspankeista ja muista osuuskuntamuotoisista luottolaitoksista (1504/2001) (Act on Cooperative Banks and Other Credit Institutions in the Form of a Cooperative Bank);
Laki hypoteekkiyhdistyksisté (936/1978) (Act on Mortgage Societies);
Maksulaitoslaki (297/2010) (Act on Payment Institutions);
Laki ulkomaisen maksulaitoksen toiminnasta Suomessa (298/2010) (Act on the Operation of Foreign Payment Institution in Finland); and
Laki luottolaitostoiminnasta (Act on Credit Institutions) (121/2007).
EU/NZ/Annex 10-B/en 105
With respect to Investment liberalisation â Market access, National treatment and
Cross-border trade in services â Local presence:
In IT: Services of "consulenti finanziari" (financial consultant). In providing the activity of door-to-door selling, intermediaries must utilise authorised financial sales persons resident within the territory of a Member State.
Existing measures:
IT: Articles 91-111 of Consob Regulation on Intermediaries (No. 16190 of 29 October 2007).
With respect to Investment liberalisation â Market access, National treatment, Senior
management and boards of directors and Cross-border trade in services â Local presence:
In LT: Only banks having a registered office or branch in Lithuania and authorised to provide investment services in the EEA may act as a depository of the assets of a pension fund. At least one head of a bank's administration must speak the Lithuanian language.
Existing measures: