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New version applies from 18/01/2015. 360 provisions change. Later versions: 02/04/2016, 15/09/2017, 01/01/2019, 08/07/2019, 01/01/2020, 30/07/2020, 15/04/2021, 02/08/2022, 14/11/2024, 30/01/2027. Article 66 changes in this version: compare with the current text.

View as of 18/01/2015 What changes

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

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Article 66

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

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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.