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European Insurance and Occupational Pensions Authority

764

Q&A

Question ID: 764

Regulation Reference: Guidelines on reporting and public disclosure

Article: 44

Status: Final

Date of submission: 05 Aug 2016

Question

According to guideline 22 (1.36) point (l) the following should be described for Technical Provisions:

Description of the assessments referred to in points (a), (b) and (c) of the first subparagraph of article 44 of Solvency II  Directive. Where the reduction of the matching adjustment or the volatility adjustment to zero would result in non-compliance with the SCR, an  analysis of the measures it could apply in such a  situation to re-establish the  evel of eligible own funds covering the SCR or to reduce its risk profile to restore compliance with the SCR;

Does the reference to points (a), (b) and (c) above refer to 2a of article 44 of the SII Directive?

EIOPA answer

Yes, that is correct. The reference is to para. 2a of article 44 of the Solvency II Directive.