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RSSCould you provide further guidance on the potential involvement of publicly accessible AI Chatbots in insurance distribution, and on the appropriate regulatory approach to this emerging issue? Given the rapid proliferation and increasing sophistication of these technologies, their relevance to insur…
- Topics:
- Definitions (Art. 2 IDD)
Considering that insurance and reinsurance intermediaries and ancillary insurance intermediaries are not obliged by law to setup a dedicated legal entity to carry out insurance distribution and therefore some of them may have a principal professional activity other than insurance distribution, how should the calculation of the thresholds defined in DORA Article 2(3) point (e) for exclusion of those intermediaries which are micro, small or medium enterprises be interpreted?
- Topics:
- Other DORA topics
Is Regulation (EU) 2022/2554 (DORA) applicable to third-country branches in an EU country, if in the third country where their head office is established they would qualify as entities listed under under Article 2(1)(a), (n) or (o)?
- Topics:
- Other DORA topics
Is there a detailed list of critical or important functions from a DORA perspective?
- Topics:
- Key Functions
Insurers are required to conduct adequate reporting on the funds to apply the look through approach. If the look through approach cannot be applied (whether because of the investment policy or inadequate reporting), then the investment may need to be treated as type 2 equity with 49% + SA. When this…
Point 11 of Annex II, Methodology for the presentation of risk, defines the return over each period as the natural logarithm of the ratio of the price at the market close at the end of the current period to the market close at the end of the preceding period.Is this definition applicable to define...
- Topics:
- Packaged retail and insurance-based investment products (PRIIPs)
I am contacting you regarding the general comments for QRT S.22.06 on the ITS logs are stating the following: 'Information shall be reported in relation to material obligations in countries and currencies for which a currency volatility adjustment, and a country increase if applicable, is applied un…
- Topics:
- Reporting Templates
In assessing whether the use of a particular benchmark or proxy is appropriate, potential assets in which the PRIIP invests, consistent with the investment policy, must be taken into account (point 16 d) of Annex IV). In addition, exposure to underlying asset classes is relevant (point 16 e) of Annex IV). If the PRIIP can invest in a number of different asset classes in accordance with its investment policy, is it permissible to consider only those asset classes in which the PRIIP is already invested as long as there are no investments in other eligible asset classes and to consider other asset classes only from the time when the PRIIP invests in these other asset classes?
- Topics:
- Key information document (KID)
- Packaged retail and insurance-based investment products (PRIIPs)
We would like to have a clarification on the following points : 1. Under the PRIIPs Regulation, can we still use weekly NAV for the calculation of VaR until we have a NAV time series (greater or equal 2 years) ? If not what would you advise ? 2. For Performance scenarios calculation we use 11 …
- Topics:
- Packaged retail and insurance-based investment products (PRIIPs)
The main difference between Category 2 and Category 3 is, in accordance with Annex II Part 1 Point 5, whether the condition of "constant multiple" is fulfilled. In the event where a UCITs product has : i) a RHP that is the same with the maturity of the product (eg 10 years) and ii) the payoff at mat…
- Topics:
- Packaged retail and insurance-based investment products (PRIIPs)