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Commission Delegated Regulation (EU) 2015/35

◷ New version from 30/01/2027 (not yet in force) · 173 changes · View as of 30/01/2027

Preamble
Recitals 151
Title I - VALUATION AND RISK-BASED CAPTAL REQUIREMENTS (PILLAR I), ENHANCED GOVERNANCE (PILLAR II) AND INCREASED TRANPARENCY (PILLAR III) (Article 1-327) 327
- Chapter I - GENERAL PROVISIONS (Article 1-6) 6
- Chapter II - VALUATION OF ASSETS AND LIABILITIES (Article 7-16) 10
- Chapter III - RULES RELATING TO TECHNICAL PROVISIONS (Article 17-61) 45
  - Section 1 - General provisions (Article 17-18) 2
  - Section 2 - Data quality (Article 19-21) 3
  - Section 3 - Methodologies to calculate technical provisions (Article 22-42) 21
    
    Subsection 1 - Assumptions underlying the calculation of technical provisions (Article 22-26) 5
    
    Subsection 2 - Information underlying the calculation of best estimates (Article 27) 1
    
    Subsection 3 - Cash flow projections for the calculation of the best estimate (Article 28-36) 9
    
    Article 28 - Cash flows
    
    Article 29 - Expected future developments in the external environment
    
    Article 30 - Uncertainty of cash flows
    
    Article 31 - Expenses
    
    Article 32 - Contractual options and financial guarantees
    
    Article 33 - Currency of the obligation
    
    Article 34 - Calculation methods
    
    Article 35 - Homogeneous risk groups of life insurance obligations
    
    Article 36 - Non-life insurance obligations
    
    Subsection 4 - Risk margin (Article 37-39) 3
    
    Subsection 5 - Calculation of technical provisions as a whole (Article 40) 1
    
    Subsection 6 - Recoverables from reinsurance contracts and special purpose vehicles (Article 41-42) 2
  - Section 4 - Relevant risk-free interest rate term structure (Article 43-54) 12
  - Section 5 - Lines of business (Article 55) 1
  - Section 6 - Proportionality and simplifications (Article 56-61) 6
- Chapter IV - OWN FUNDS (Article 62-82) 21
- Chapter V - SOLVENCY CAPITAL REQUIREMENT STANDARD FORMULA (Article 83-221) 139
- Chapter VI - SOLVENCY CAPITAL REQUIREMENT — FULL AND PARTIAL INTERNAL MODELS (Article 222-247) 26
- Chapter VII - MINIMUM CAPITAL REQUIREMENT (Article 248-253) 6
- Chapter VIII - INVESTMENTS IN SECURITISATION POSITIONS (Article 254-257) 4
- Chapter IX - SYSTEM OF GOVERNANCE (Article 258-275) 18
- Chapter X - CAPITAL ADD-ON (Article 276-287) 12
- Chapter XI - EXTENSION OF THE RECOVERY PERIOD (Article 288-289) 2
- Chapter XII - PUBLIC DISCLOSURE (Article 290-303) 14
- Chapter XIII - REGULAR SUPERVISORY REPORTING (Article 304-314) 11
- Chapter XIV - TRANSPARENCY AND ACCOUNTABILITY OF SUPERVISORY AUTHORITIES (Article 315-317) 3
- Chapter XV - SPECIAL PURPOSE VEHICLES (Article 318-327) 10
Title II - INSURANCE GROUPS (Article 328-377) 50
Title III - THIRD COUNTRY EEQUIVALENCE AND FINAL PROVISIONS (Article 378-381) 4
Annexes 26
- Annex I
- Annex II
- Annex III
- Annex IV
- Annex V
- Annex VI
- Annex VII
- Annex VIII
- Annex IX
- Annex X
- Annex XI
- Annex XII
- Annex XIII
- Annex XIV
- Annex XV
- Annex XVI
- Annex XVII
- Annex XVIII
- Annex XIX
- Annex XX
- Annex XXI
- Annex XXII
- Annex XXIII
- Annex XXIV
- Annex XXV
- Annex XXVI
Amending acts 13

Article 33 - Currency of the obligation

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Article 33

Currency of the obligation

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The best estimate shall be calculated separately for cash flows in different currencies.

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