What changes on 30/01/2027
The text in force from 14/11/2024 compared with the text from 30/01/2027, which includes the changes made by Commission Delegated Regulation (EU) 2026/269.
32 inserted
131 amended
10 deleted
0 moved
Read the act as of 30/01/2027 · other versions: 01/01/2019 · 08/07/2019 · 01/01/2020 · 30/07/2020 · 15/04/2021 · 02/08/2022 · 14/11/2024
Title I › Chapter I › Section 1
- amended Article 1 - Definitions
Title I › Chapter I › Section 2
- amended Article 4 - General requirements on the use of credit assessments
- amended Article 6 - Double credit rating for securitisation positions other than STS securitisations
Title I › Chapter II
Title I › Chapter III › Section 1
Title I › Chapter III › Section 2
- amended Article 20 - Limitations of data
Title I › Chapter III › Section 3 › Subsection 3
- inserted Article 34a - Use of the prudent deterministic valuation of the best estimate for life obligations with options and guarantees that are deemed immaterial
- amended Article 31 - Expenses
Title I › Chapter III › Section 3 › Subsection 4
Title I › Chapter III › Section 4 › Subsection 1
- inserted Article 43a - Currency-related percentages for the determination of the first smoothing point
- amended Article 43 - General provisions
Title I › Chapter III › Section 4 › Subsection 2
- inserted Article 46a - Phasing-in of the extrapolation
- amended Article 44 - Relevant financial instruments to derive the basic risk-free interest rates
- amended Article 45 - Adjustment to swap rates for credit risk
- amended Article 46 - Extrapolation
- amended Article 47 - Ultimate forward rate
Title I › Chapter III › Section 4 › Subsection 3
- inserted Article 51a - Credit spread sensitivity ratio
- inserted Article 51b - Credit spread sensitivity ratio for pegged currencies
- amended Article 49 - Reference portfolios
- amended Article 50 - Formula to calculate the spread underlying the volatility adjustment
- amended Article 51 - Risk-corrected spread
Title I › Chapter III › Section 4 › Subsection 4
- inserted Article 54a - Restructured assets
Title I › Chapter IV › Section 1 › Subsection 2
Title I › Chapter IV › Section 2
- inserted Article 70a - Foreseeable dividends and distributions
- inserted Article 70b - Repayment and redemption requirements for the classification as own funds
- amended Article 70 - Reconciliation Reserve
Title I › Chapter IV › Section 3 › Subsection 1
Title I › Chapter V › Section 1 › Subsection 2
- amended Article 84
Title I › Chapter V › Section 1 › Subsection 6
- inserted Article 89a - Simplified calculation for immaterial risk module or sub-module
- inserted Article 107a - Simplified calculation of the risk mitigating effect for reinsurance arrangements, derivatives, or securitisations
- amended Article 90b - Simplified calculation of the sum insured for natural catastrophe risks
- amended Article 105a - Simplified calculation for the risk factor in the spread risk sub-module and the market risk concentration sub-module
Title I › Chapter V › Section 2
- amended Article 117 - Standard deviation for non-life premium and reserve risk
- amended Article 120 - Natural catastrophe risk sub-module
- amended Article 123 - Flood risk sub-module
- amended Article 124 - Hail risk sub-module
- amended Article 125 - Subsidence risk sub-module
- amended Article 129 - Motor vehicle liability risk sub-module
- amended Article 130 - Marine risk sub-module
- amended Article 131 - Aviation risk sub-module
- amended Article 132 - Fire risk sub-module
Title I › Chapter V › Section 3
Title I › Chapter V › Section 4
- amended Article 148 - Standard deviation for NSLT health premium and reserve risk
- amended Article 157 - Health expense risk sub-module
Title I › Chapter V › Section 5 › Subsection 1
- amended Article 164
Title I › Chapter V › Section 5 › Subsection 2
- amended Article 165 - General provisions
- amended Article 166 - Increase in the term structure of interest rates
- amended Article 167 - Decrease in the term structure of interest rates
Title I › Chapter V › Section 5 › Subsection 3
- inserted Article 171b - Long-term equity investments: methodologies to avoid forced sales
- inserted Article 171c - Long-term equity investments: forced selling test
- inserted Article 171d - Long-term equity investments: collective investment undertakings with a lower risk profile
- amended Article 168 - General provisions
- amended Article 168a - Qualifying unlisted equity portfolios
- amended Article 169 - Standard equity risk sub-module
- amended Article 170 - Duration-based equity risk sub-module
- amended Article 171 - Strategic equity investments
- amended Article 171a - Long-term equity investments: Demonstration of ability to avoid forced sales
- amended Article 172 - Symmetric adjustment of the equity capital charge
- amended Article 173 - Investments in equity under legislative programmes
Title I › Chapter V › Section 5 › Subsection 5
- amended Article 176 - Spread risk on bonds and loans
- amended Article 176a - Internal assessment of credit quality steps of bonds and loans
- amended Article 176c - Assessment of credit quality steps of bonds and loans based on an approved internal model
- amended Article 178 - Spread risk on securitisation positions: calculation of the capital requirement
- amended Article 180 - Specific exposures
Title I › Chapter V › Section 5 › Subsection 6
- amended Article 182 - Single name exposure
- amended Article 184 - Excess exposure
- amended Article 187 - Specific exposures
Title I › Chapter V › Section 6 › Subsection 1
- inserted Article 192b - Direct exposure to a qualifying central counterparty
- amended Article 189 - Scope
- amended Article 191 - Mortgage loans
- amended Article 192 - Loss-given-default
- amended Article 192a - Exposure to clearing members
- amended Article 197 - Risk-adjusted value of collateral
Title I › Chapter V › Section 6 › Subsection 2
- amended Article 199 - Probability of default
- amended Article 201 - Variance of the loss distribution of type 1 exposures
Title I › Chapter V › Section 6 › Subsection 3
- amended Article 202 - Type 2 exposures
Title I › Chapter V › Section 10
- inserted Article 212a - Contingent capital instruments and convertible bond instruments
- inserted Article 215a - Sovereign and other public sector counter-guarantees
- amended Article 210 - Effective Transfer of Risk
- amended Article 211 - Risk-Mitigation techniques using reinsurance contracts or special purpose vehicles
- amended Article 215 - Guarantees
Title I › Chapter V › Section 11
- amended Article 216 - Calculation of the Solvency Capital Requirement in the case of ring-fenced funds
- amended Article 217 - Solvency Capital Requirement calculation method for ring-fenced funds
Title I › Chapter VI › Section 3
- amended Article 231 - Data used in the internal model
- amended Article 234 - Diversification effects
- amended Article 235 - Risk-mitigation techniques and other techniques to reduce the Solvency Capital Requirement
Title I › Chapter IX › Section 1
Title I › Chapter IX › Section 2
Title I › Chapter IX › Section 5
- amended Article 275
Title I › Chapter IX › Section 6
- inserted Article 275b - Transparency on investment and capital management
- amended Article 275a - Integration of sustainability risks in the prudent person principle
Title I › Chapter X › Section 1
Title I › Chapter XII › Section 1
- inserted Article 297a - Information targeted at market professionals: Sustainability-related information
- inserted Article 298a - Languages
- amended Article 290 - Structure
- amended Article 291 - Materiality
- amended Article 292 - Information targeted at policy holders and beneficiaries
- amended Article 293 - Information targeted at market professionals: Business and performance
- amended Article 294 - Information targeted at market professionals: System of governance
- amended Article 296 - Information targeted at market professionals: Valuation for solvency purposes
- amended Article 297 - Information targeted at market professionals: Capital management and risk profile
- deleted Article 295 - Risk profile last in force on the version of 14/11/2024
Title I › Chapter XII › Section 3
- amended Article 300 - Deadlines
- amended Article 301 - Means of disclosure
- amended Article 302 - Updates
- deleted Article 303 - Transitional arrangements on comparative information last in force on the version of 14/11/2024
Title I › Chapter XIII › Section 1
- amended Article 304 - Elements of the regular supervisory reporting
- amended Article 305 - Materiality
- amended Article 307 - Business and performance
- amended Article 308 - System of governance
- amended Article 310 - Valuation for solvency purposes
- amended Article 311 - Capital management and risk profile
- deleted Article 309 - Risk profile last in force on the version of 14/11/2024
Title I › Chapter XIII › Section 2
- amended Article 312 - Information on material changes
- amended Article 313 - Means of communication
- deleted Article 314 - Transitional information requirements last in force on the version of 14/11/2024
Title I › Chapter XV › Section 3
- amended Article 323 - Fit and proper requirements for shareholders or members with a qualifying holding
Title I › Chapter XVI
- inserted Article 327a - Investments in intangibles asset capital requirement for identifying small and non-complex undertakings
- inserted Article 327b - Reduction of the frequency of the regular supervisory report
- inserted Article 327c - Combination of key functions
- inserted Article 327d - Reduction of the frequency of the review of written policies
- inserted Article 327e - Reduction of the frequency of the own risk and solvency assessment
- inserted Article 327f - Use of the prudent deterministic valuation of the best estimate for life obligations with options and guarantees that are deemed immaterial
- inserted Article 327g - Waiver from liquidity risk management plan covering liquidity analysis over the short term
Title II › Chapter I › Section 1
- amended Article 328 - Choice of method
- amended Article 329 - Treatment of specific related undertakings
- amended Article 330 - Availability at group level of the eligible own funds of related undertakings
Title II › Chapter I › Section 2
- inserted Article 336a - Long-term equity investments at group level
- inserted Article 336b - Simplified calculation for participations in immaterial related undertakings
- amended Article 331 - Classification of own-fund items of insurance and reinsurance undertakings at group level
- amended Article 332 - Classification of own-fund items of third-country insurance and reinsurance undertakings at group level
- amended Article 333 - Classification of own-fund items of insurance holding companies, mixed financial holding companies, and subsidiary ancillary services undertakings at group level
- amended Article 335 - Determination of consolidated data
- amended Article 336 - Calculation of the Solvency Capital Requirement at group level calculated on the basis of consolidated data
- deleted Article 341 - Combination of methods 1 and 2: minimum consolidated group Solvency Capital Requirement last in force on the version of 14/11/2024
Title II › Chapter II › Section 1
Title II › Chapter V › Section 1
- amended Article 359 - Structure and contents
- amended Article 360 - Languages
- amended Article 363 - Updates
- deleted Article 362 - Deadlines last in force on the version of 14/11/2024
- deleted Article 364 - Transitional arrangements on comparative information last in force on the version of 14/11/2024
Title II › Chapter V › Section 2
- amended Article 365 - Structure and contents
- amended Article 366 - Languages
- amended Article 369 - Updates
- deleted Article 368 - Deadlines last in force on the version of 14/11/2024
- deleted Article 371 - Transitional arrangements on comparative information last in force on the version of 14/11/2024
Title II › Chapter VI › Section 1
- inserted Article 372a - Single Regular Supervisory Report: Structure and contents
- amended Article 372 - Elements and contents
- amended Article 373 - Information on material changes
- amended Article 374 - Languages
- deleted Article 375 - Additional transitional information on groups last in force on the version of 14/11/2024
Title II › Chapter VII
- inserted Article 377a - Investments in intangibles asset capital requirement for identifying small and non-complex groups
- inserted Article 377b - Proportionality measures for groups that are not classified as small and non-complex
Outside any heading
- inserted Annex VIIIA - PARAMETERS FOR THE SUBSIDENCE RISK SUB-MODULE
- amended Annex III - FACTOR FOR GEOGRAPHICAL DIVERSIFICATION OF PREMIUM AND RESERVE RISK
- amended Annex IX - THE GEOGRAPHICAL DIVISION OF REGIONS SET OUT IN ANNEXES V-VIIIa INTO RISK ZONES
- amended Annex V - PARAMETERS FOR THE WINDSTORM RISK SUB-MODULE
- amended Annex VI - PARAMETERS FOR THE EARTHQUAKE RISK SUB-MODULE
- amended Annex VII - PARAMETERS FOR THE FLOOD RISK SUB-MODULE
- amended Annex VIII - PARAMETERS FOR THE HAIL RISK SUB-MODULE
- amended Annex X - RISK WEIGHTS FOR CATASTROPHE RISK ZONES
- amended Annex XIII - LIST OF REGIONS FOR WHICH NATURAL CATASTROPHE RISK IS NOT CALCULATED BASED ON PREMIUMS
- amended Annex XIX - MCR RISK FACTORS FOR NON-LIFE AND HEALTH INSURANCE OR REINSURANCE OBLIGATIONS
- amended Annex XVI - HEALTH CATASTROPHE RISK SUB-MODULE OF THE SOLVENCY CAPITAL REQUIREMENT STANDARD FORMULA
- amended Annex XX - STRUCTURE OF THE SOLVENCY AND FINANCIAL CONDITION REPORT AND REGULAR SUPERVISORY REPORT
- amended Annex XXI - AGGREGATE STATISTICAL DATA
- amended Annex XXII - CORRELATION COEFFICIENTS FOR WINDSTORM RISK
- amended Annex XXIII - CORRELATION COEFFICIENTS FOR EARTHQUAKE RISK
- amended Annex XXIV - CORRELATION COEFFICIENTS FOR FLOOD RISK
- amended Annex XXV - CORRELATION COEFFICIENTS FOR HAIL RISK
- amended Annex XXVI - CORRELATION COEFFICIENTS FOR SUBSIDENCE RISK
63 provisions renumbered in position only (no text change)
Article 35 · Article 36 · Article 48 · Article 71 · Article 72 · Article 73 · Article 74 · Article 75 · Article 76 · Article 77 · Article 78 · Article 79 · Article 90 · Article 90a · Article 90c · Article 91 · Article 92 · Article 93 · Article 94 · Article 95 · Article 95a · Article 96 · Article 96a · Article 97 · Article 98 · Article 99 · Article 100 · Article 101 · Article 102 · Article 102a · Article 103 · Article 104 · Article 105 · Article 106 · Article 107 · Article 108 · Article 109 · Article 110 · Article 111 · Article 111a · Article 112 · Article 112a · Article 112b · Article 193 · Article 194 · Article 195 · Article 196 · Article 198 · Article 213 · Article 214 · Article 299 · Article 337 · Article 338 · Article 339 · Article 340 · Article 342 · Article 370 · Annex XI · Annex XII · Annex XIV · Annex XV · Annex XVII · Annex XVIII