Group supervision. For the purposes of Articles 9 and 10, the Parties set forth the following practices of group supervision:
(a) Without prejudice to subparagraphs (c) to (h) and participation in supervisory colleges, a Home Party insurance or reinsurance group is subject only to worldwide prudential insurance group supervision including worldwide group governance, solvency and capital, and reporting, as applicable, by its Home supervisory authorities, and is not subject to group supervision at the level of the worldwide parent undertaking of the insurance or reinsurance group by any Host supervisory authority.
(b) Notwithstanding subparagraph (a), Host supervisory authorities may exercise supervision with regard to a Home Party insurance or reinsurance group as set out in subparagraphs (c) to (h). Host supervisory authorities may exercise group supervision, where appropriate, with regard to a Home Party insurance or reinsurance group at the level of the parent undertaking in its territory. Host supervisory authorities do not otherwise exercise worldwide group supervision with regard to a Home Party insurance or reinsurance group, without prejudice to group supervision of the insurance or reinsurance group at the level of the parent undertaking in the territory of the Host Party.
(c) Where a worldwide risk management system, as evidenced by the submission of a worldwide group Own Risk and Solvency Assessment (ORSA), is applied to a Home Party insurance or reinsurance group according to the applicable law, the Home supervisory authority that requires the ORSA provides a summary of the worldwide group ORSA:
(i) to the Host supervisory authorities, if they are members of the insurance or reinsurance group’s supervisory college, without delay, and;
(ii) to the supervisory authorities of significant subsidiaries or branches of that group in the Host Party, at the request of those supervisory authorities. Where no such worldwide group ORSA is applied to a Home Party insurance or reinsurance group, according to applicable law, the relevant U.S. State or EU Member State’s supervisory authority provides equivalent documentation which is prepared consistent with applicable law of the Home supervisory authority as referred to in subparagraphs (i) and (ii) above.
(d) The summary of the worldwide group ORSA, or the equivalent documentation as set out in subparagraph (c), includes the following elements:
(i) a description of the insurance or reinsurance group’s risk management framework;...
Group supervision. Effective January 1, 2016, the EU began applying a new insurance regulatory framework, known as Solvency II, that exposed non-EU insurers to uncertain, differential and costly regulatory treatment if the insurer’s country of domicile is not determined by the EU to have a supervisory system that is “equivalent” to the Solvency II supervisory system. Specifically, under Solvency II, EU supervisors have the ability to apply solvency and capital requirements to the worldwide operations of any U.S. insurer operating in the EU, in addition to worldwide reporting and governance requirements. The Covered Agreement precludes EU insurance supervisors from exercising such authorities over the worldwide operations of U.S. insurers. Without the limitations on such worldwide supervisory authority provided by the Covered Agreement, U.S.- based insurers and reinsurers with EU operations would be subject to regulatory burdens of Solvency II. Group supervision features of the Covered Agreement include (see Article 4 of the Covered Agreement): • The group supervision practices described in the Covered Agreement apply only to U.S. and EU insurance groups operating in both territories. • U.S. insurance groups operating in the EU will be supervised at the worldwide group level only by the relevant U.S. insurance supervisors. EU insurers operating in the United States will be supervised at the worldwide group level only by the relevant EU insurance supervisors. • U.S. insurance groups operating in the EU will not have to meet EU worldwide group capital, reporting, or governance requirements. • With respect to risks from outside their territories that threaten operations and activities within their territories, supervisors in both the United States and the EU can request information from insurance groups from the other party, and take appropriate action within their territory to protect policyholders and financial stability.
Group supervision. The group leader is responsible for camper supervision at all times. The group leader must ensure that campers under 18 years of age have appropriate parent/guardian consent to attend the camp: that each camper has completed a health/medical record sheet: that the campsite’s illness and injury register is filled out for all such incidents. It is the responsibility of the group leader to inform all day visiting members of the group of the xxxxxxxx’s safety briefing and general conditions of hire. It is the responsibility of the group leader to identify safety issues associated with any offsite activity or excursion and for taking all necessary precautions. The campsite has an Emergency Management Plan in place. A copy of the Emergency Response Folder is located in each complex and for campers available from camp management on arrival. It is the responsibility of the group leader to make themselves familiar with the arrangements and convey them to their group. Fire Extinguishers and smoke detectors are located in all buildings and around the campsite. These should not be tampered with or removed. No fire or BBQ may be lit on the property without the consent of the campsite manager. Fire restriction notices and Total Fire Ban Days must be strictly observed, on days declared to be catastrophic fire days camp will be closed and all parties relocated at direction of camp manager The hirer is responsible for assessing the first aid needs of the group and providing the necessary first aid equipment and training. The group leader is responsible for having all information relating to the campers personal Medicare and ambulance card numbers and records of campers under medical treatment. If this option is chosen, the hirer accepts all responsibility associated with the safe storage, transport, preparation, handling, cooking and serving of food supplies and for thoroughly cleaning all kitchen equipment and facilities and other responsibilities as listed or conveyed to the hirer by management.
Group supervision. Consists of one supervisor and at least two but not more than 10 supervisees.
Group supervision. Under the group supervision provisions, US insurers are relieved from following the requirements of Solvency II and its corresponding supervisory authorities as long as the US follows group capital assessment requirements, which capture the risk of parent companies instead of their individual subsidiary entities.61 As defined in the Covered Agreement, group supervision means “the application of regulatory and prudential oversight by a supervisory authority to an insurance or reinsurance group for purposes including protecting policyholders and other consumers, and promoting financial stability and global engagement.”62 Essentially group supervision is the idea that insurance companies need to be monitored at the “group” or parent-company level rather than monitoring the individual subsidiaries of the insurance or reinsurance company as separate entities.63 Another important provision of Article Four on group supervision is the idea of Home supervisory authorities versus Host supervisory authorities.64 Before the Covered Agreement took place, an insurer that had branches in the US and the EU 60. US–EU Covered Agreement, supra note 55, at 4.
Group supervision. This type of supervision is shared between a number of members of staff of the same designation e.g. 4-5 named Designated Safeguarding Leads / Nominated Deputies. Individual cases may be too many to discuss therefore smaller peer support sessions or one to one supervisions are arranged. The purpose of this supervision is to discuss common themes/issues that may arise within the school or with particular families or areas of vulnerability. Contracts will be agreed upon by the supervisor and supervisee at the initial supervision and will be recorded on the staff members HR file. This supervision is held by Xxxxxxx Xxxxx or Xxxxxx Xxxxxxxx whose role in school is Assistant Head for Inclusion or Play Therapist and the identified staff member. At the Federation of Golden Flatts and Lynnfield Primary Schools we ensure appropriate guidelines on confidentiality are followed and individual information on children is not taken outside of school. This follows the expectations of the Data Protection Act and the General Data Protection Regulations 2018.
Group supervision. The supervision process will utilise Xxxx’x reflective cycle (Appendix 2). During the supervision session a group safeguarding supervision record will be completed together by the supervisor and supervisees (Appendix 4).
