Question ID: 1833
Regulation Reference: (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Topic: Other
Article: 127
Status: Rejected
Date of submission: 22 Jan 2019
Question
I would like to re-open a discussion regarding DIV calculation. In my opinion DIV should not be set to one (as in the EIOPA answer, see below). Before Solvency II implementation, as a FinReq member, I remeber that all works were conducted with the assumption that IU might calulate its own DIV for the purpose of the article 127 (formula in par. 2 proves this assumption, 0,5*DIV, if DIV is set to one we do not need DIV at all in the formula). Moreover Annex III refers to articles 116 and 147 not 127.
Background of the question
Article 127, reference to question 1681 (05.10.2018)
EIOPA answer
This question has been rejected because the matter it refers to has been answered in Q&A 1681.