Solvency II Art.246: Art. 246 Apply the governance requirements at group level and run a group ORSA

The Chapter IV governance requirements apply at group level; risk management, internal control and reporting must be implemented consistently across all undertakings in scope so they can be controlled at group level, including mechanisms relating own funds to all material risks and procedures to monitor intra-group transactions and concentrations. The head of the group performs the ORSA at group level (explaining diversification between solo SCRs and the consolidated SCR under method 1) and may, with agreement, file a single ORSA document for group and subsidiaries.