The consolidated Solvency Capital Requirement for a group should take into account the global diversification of risks that exist across all the insurance and reinsurance undertakings in that group in order to reflect properly the risk exposures of that group.
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New version applies from 12/01/2017 — introduced by Directive (EU) 2016/2341.
178 provisions change.
Later versions: 09/07/2018, 13/01/2019, 30/06/2021, 19/10/2021, 09/01/2024, 17/01/2025, 30/01/2027.
Recital 101 changes in this version: compare with the current text.