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RSS1. The Commission shall adopt delegated acts in accordance with Article 301a laying down a list of own-fund items, including those referred to in Article 96, deemed to fulfil the criteria, set out in Article 94, which contains for each own-fund item a precise description of the features which...
The Commission shall adopt delegated acts in accordance with Article 301a laying down:(a) the quantitative limits referred to in Article 98(1) and (2);(b) the adjustments that should be made to reflect the lack of transferability of those own-fund items that can be used only to cover losses...
Member States shall require that insurance and reinsurance undertakings hold eligible own funds covering the Solvency Capital Requirement.The Solvency Capital Requirement shall be calculated, either in accordance with the standard formula in Subsection 2 or using an internal model, as set out in...
1. The Solvency Capital Requirement shall be calculated in accordance with paragraphs 2 to 5.2. The Solvency Capital Requirement shall be calculated on the presumption that the undertaking will pursue its business as a going concern.3. The Solvency Capital Requirement shall be calibrated so as to...
1. Insurance and reinsurance undertakings shall calculate the Solvency Capital Requirement at least once a year and report the result of that calculation to the supervisory authorities.Insurance and reinsurance undertakings shall hold eligible own funds which cover the last reported Solvency...
The Solvency Capital Requirement calculated on the basis of the standard formula shall be the sum of the following items:(a) the Basic Solvency Capital Requirement, as laid down in Article 104;(b) the capital requirement for operational risk, as laid down in Article 107;(c) the adjustment for the...
1. The Basic Solvency Capital Requirement shall comprise individual risk modules, which are aggregated in accordance with point (1) of Annex IV.It shall consist of at least the following risk modules:(a) non-life underwriting risk;(b) life underwriting risk;(c) health underwriting risk;(d) market...
1. The equity risk sub-module calculated in accordance with the standard formula shall include a symmetric adjustment to the equity capital charge applied to cover the risk arising from changes in the level of equity prices.2. The symmetric adjustment made to the standard equity capital charge...
1. The capital requirement for operational risk shall reflect operational risks to the extent they are not already reflected in the risk modules referred to in Article 104. That requirement shall be calibrated in accordance with Article 101(3).2. With respect to life insurance contracts where the...
The adjustment referred to in Article 103(c) for the loss-absorbing capacity of technical provisions and deferred taxes shall reflect potential compensation of unexpected losses through a simultaneous decrease in technical provisions or deferred taxes or a combination of the two.That adjustment...