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European Insurance and Occupational Pensions Authority
 

2449

Q&A

Question ID: 2449

Regulation Reference: (EU) No 2009/138 - Solvency II Directive (Insurance and Reinsurance)

Topic: Solvency Capital Requirement (SCR)

Article: N/A

Status: Rejected

Date of submission: 15 Jun 2022

Question

clarify the treatment of a credit linked note (CLN) in the computation of the SCR requeriment. in which cases it is evaluated as a derivative instrument under article 179 of delegated acts?

Background of the question

Q&A EIOPA QUESTION ID: 1138 EIOPA ARTICLE 179 DELEGATED ACT

EIOPA answer

This question has been rejected because the matter it refers to has been answered in Q&A 1138:

“As credit linked notes can have widely different features the treatment no general answer is possible and the treatment has to be determined on a case by case basis.”