Open on EUR-Lex ↗

Article 248 - Minimum Capital Requirement

Article 248
Minimum Capital Requirement

1.The Minimum Capital Requirement shall be equal to the following:

\mathrm{MCR} = \max (\mathrm{MCR}_{\mathrm{combined}}; \mathrm{AMCR})

where:

(a)

MCRcombined denotes the combined Minimum Capital Requirement;

(b)

AMCR denotes the absolute floor referred to in Article 129(1)(d) of Directive 2009/138/EC and in Article 253 of this Regulation.

2.The combined Minimum Capital Requirement shall be equal to the following:

\mathrm{MCR}_{\mathrm{combined}} = \min \left( \max \left( \mathrm{MCR}_{\mathrm{linear}} ; 0.25 \cdot \mathrm{SCR} \right) ; 0.45 \cdot \mathrm{SCR} \right)

where:

(a)

MCRlinear denotes the linear Minimum Capital Requirement, calculated in accordance with Articles 249 to 251;

(b)

SCR denotes the Solvency Capital Requirement, calculated in accordance with Chapter V or in accordance with Chapter VI where approval for the use of full or partial internal model has been granted.

Official text · consolidated version 14/11/2024 (in force) Open full page ↗
5 queries · page built in 12 msInventory f82bbfa3