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- TITLE II > CHAPTER 1 > SECTION 2
Article number: 337
Where the consolidated group Solvency Capital Requirement is calculated, wholly or in part, on the basis of the standard formula, the local currency referred to in the first paragraph of Article 188 shall be the currency used for the preparation of the consolidated accounts.
Notwithstanding paragraph 1, where a material amount of the consolidated technical provisions or the consolidated group own funds is denominated in a currency other than the one used for the preparation of the consolidated accounts, that currency may be considered as the local currency referred to in the first paragraph of Article 188.
Other related sources
- EIOPA answered Q&As:
- Question ID: 2137
Metadata
RULEBOOK TOPIC: SECTION 2 - Group solvency: calculation methods
RULEBOOK CATEGORY: DELEGATED REGULATION (EU) 2015/35
Last update on: 11 Jun 2021