Question ID: 1225
Regulation Reference: (EU) No 2015/2011 - lists of regional governments & local authorities, exposures to be treated as to central government
Article: 1.5
Status: Revised
Date of submission: 17 Apr 2018
Question
According to the article 1.5 in the EIOPA final report (“lists of regional governments and local authorities”), I’d like to know if you could confirm that intercity and Metropole are considered as region, department or commune regarding requirement capital constraint.
May I also asking if a Local Public Company - this is very close to the Local Mixed Economy Company (established by the 1983 Act) – is considering under Solvency II please.
EIOPA answer
The answer to this question was revised on 27 July 2026:
Following the latest revision of Commission Implementing Regulation (EU) 2015/2011, the list of French authorities has been updated and now includes “régions, départements, communes” and “collectivités à statut particulier”, as defined in Article 72-2 of the French Constitution, as well as the “Établissements publics de coopération intercommunale (EPCI) à fiscalité propre”, as defined in the General Code of Local Authorities (Code general des collectivités territoriales, CGCT). Exposures to intercities or metropoles include in these categories should be treated as exposures to the French central government.
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Old answer published until 27 July 2026:
The provision set out in Article 109a(2) Solvency II cannot be applied to entities which are not included in the list set out in Commission Implementing Regulation (EU) 2015/2011. Neither French metropoles nor intercities are currently included in the Regulation and exposures to them can therefore not be treated as exposures to the French central government.
Local Public Companies are also not included in the list with regard to the classification of regional governments and local authorities in the United Kingdom. Therefore, exposures to them also cannot be treated as exposures to the UK central government.