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 understood to be the currency used for the preparation of the consolidated accounts.
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New version applies from 08/07/2019 — introduced by Commission Delegated Regulation (EU) 2019/981.
83 provisions change.
Later versions: 01/01/2020, 30/07/2020, 15/04/2021, 02/08/2022, 14/11/2024, 30/01/2027.
Article 337 changes in this version: compare with the current text.
Article 337 - Method 1: determination of the local currency for the purposes of the currency risk calculation
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Article 337
Method 1: determination of the local currency for the purposes of the currency risk calculation