Question ID: 1710
Regulation Reference: (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Article: 180
Status: Final
Date of submission: 11 Nov 2018
Question
The parameters specified in article 180 (14) of (EU) 2015/35 introduces jumps at at some of the kinks of the parameter funtion. For instance, a qulifying corporate infrastructure investment with CQS 2 and duration of 15 could have a stress factor of 9.78 when calculated as 7.88 + (15-10)*0.38 or a stress factro of 9.75 when calcualted as 9.75 + (15-15)*0.38. Which one is correct?
EIOPA answer
In the context of Article 180(14) of Commission Delegated Regulation (EU) 2015/35 "up to 15" means <=15 and "more than 15" means >15.