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- TITLE I > CHAPTER VI > SECTION 3
Article number: 88
Basic own funds shall consist of the following items:
(1) the excess of assets over liabilities, valued in accordance with Article 75 and Section 2;
(2) subordinated liabilities.
The excess amount referred to in point (1) shall be reduced by the amount of own shares held by the insurance or reinsurance undertaking.
Other related sources
- EIOPA answered Q&As:
- Question ID: 1230
Metadata
RULEBOOK TOPIC: SECTION 3 - Own funds
RULEBOOK CATEGORY: DIRECTIVE 138/2009/EC (SOLVENCY II DIRECTIVE)
Last update on: 03 May 2021