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Article 165, 1. (a) and (b) of regulation 269/2026 state that “the sum of the capital requirements FOR EACH CURRENCY for the risk of an increase/decrease” shall be considered.
We have discussed this statement with our existing Client base (medium size and large size European insurance companies and…

The article says that for not rated non-senior STS positions, it should be assumed that the credit quality step is 5 and use the table in paragraph 3. However, that table is for senior STS positions. Would it not make more sense to use the table in paragraph 5 instead that is already for non-senior …

We are seeing conflicting CIC classification between data sources. Should STLB - Sustainability Linked Bonds be classed as a CIC 2 or a CIC 5? Some examples include FR0014009L57, US22303XAA37, XS2337326727.

We would appreciate clarification regarding the interpretation of the amended Article 165(1)(a) and (b) of the Delegated Regulation in relation to the aggregation of interest rate risk across currencies.

Under the current Article 165(1), the wording is:

“the sum, over all currencies, of the ca…

We would like to confirm our interpretation of the revised Article 165(1):
1. Per-currency worst-case selection: Does the revised wording require that, for each individual currency, the capital requirement be determined as the larger of the up-shock and down-shock capital charges for that currency …

How should guidelines 8-14 and 15 be interpreted? Can the provision of Guideline 15a): "Undertakings should apply each outwards reinsurance protection to one of the levels specified below: (a) different zones within a single region or single submodule branch;" be interpreted to mean that, within a r…

It is now clear how the SCR_(subsidence, other) for Subsidence risk in other regions shall be calculated from the regulation 2026/269 amending 2015/35. How should SCR_(subsidence, other) be calculated?

Question 1 — Applicability of the look-through approach (Art. 84)
Does Article 84 of the Delegated Regulation require the undertaking to decompose this structured note into its constituent economic components (bond floor + embedded option) for the purpose of calculating the SCR? Or is the instrumen…

I have several questions regarding the review of CAT risk in Non-Life insurance under Directive 2015/35, the changes to which are set forth in Directive 2026/269.

Annex V, which lists the countries affected by storm risk, has been amended to include Finland. However, there does not appear to be …