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Article 66 - Specification of amount relating to an unlimited amount of ancillary own funds

Article 66
Specification of amount relating to an unlimited amount of ancillary own funds

1.The supervisory authorities shall not approve an unlimited amount of ancillary own funds.

2.Where the supervisory authorities approve an amount of ancillary own funds, the decision of the supervisory authorities shall specify whether the amount that has been approved is the amount for which the insurance or reinsurance undertaking has applied or a lower amount.

Official text · consolidated version 14/11/2024 (in force) Open full page ↗
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