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Article number: 286
For the purposes of calculating a capital add-on as referred to in Article 37(1)(c) of Directive 2009/138/EC, supervisory authorities shall take into account all relevant factors including all of the following:
(a) where appropriate, the factors referred to in Article 277;
(b) where appropriate, capital add-ons set previously for comparable deviations of other insurance or reinsurance undertakings with similar risk profiles provided that supervisory authorities ensure that the reasons for their decision to set a capital add-on are stated in accordance with Article 37(1) of Directive 2009/138/EC and this statement complies with the professional secrecy requirements set out in Article 64 of that Directive.
Metadata
RULEBOOK TOPIC: SECTION 2 - Methodologies for calculating capital add-ons
RULEBOOK CATEGORY: DELEGATED REGULATION (EU) 2015/35
Last update on: 15 Apr 2024