Question ID: 2542
Regulation Reference: (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Topic: Solvency Capital Requirement (SCR)
Article: 180(2)(c))
Status: Rejected
Date of submission: 12 Dec 2022
Question
Are the Inter-American Investment Corporation, the Black Sea Trade and Development Bank, the Central American Bank for Economic Integration and the CAF-Development Bank of Latin America to be considered as multilateral development banks as stated in article 117 of Regulation (EU) No 575/2013 OR should "paragraph 2" be interpreted strictly in the Delegated Regulation (EU) 2015/35 and therefore these banks are NOT considered.
Background of the question
The Regulation (EU) No 575/2013 article 117 indicates that 4 banks are considered as multilateral development banks similar to the ones mentioned in paragraph 2. The Delegated Regulation (EU) 2015/35 article 180 paragraph 2, c) refers specifically to paragraph 2 of article 117 of Regulation (EU) No 575/2013. This leaves the 4 banks mentioned in paragraph 1 in an inconsistent situation across regulation.
EIOPA answer
This question has been rejected because the issue it deals with is already addressed in Article 180(2)(c) of the Delegated Regulation (EU) 2015/35. Article 180(2)(c) DR refers clearly strictly to the “multilateral development banks referred to in paragraph 2 of article 117 of Regulation (EU) No 575/2013”.