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New version applies from 15/09/2017 — introduced by Commission Delegated Regulation (EU) 2017/1542. 10 provisions change. Later versions: 01/01/2019, 08/07/2019, 01/01/2020, 30/07/2020, 15/04/2021, 02/08/2022, 14/11/2024, 30/01/2027.

View as of 15/09/2017 What changes

Commission Delegated Regulation (EU) 2015/35

18/01/2015 → 02/04/2016: 2 inserted · 0 removed · 361 amended · 0 moved · 26 renamed · 198 unchanged

Position-only shifts inside the same heading are not changes. Amended = the printed text changed.

Preamble

amended Preamble

Recitals

Recitals · 151 unchanged

Recital 1 · Recital 2 · Recital 3 · Recital 4 · Recital 5 · Recital 6 · Recital 7 · Recital 8 · Recital 9 · Recital 10 · Recital 11 · Recital 12 · Recital 13 · Recital 14 · Recital 15 · Recital 16 · Recital 17 · Recital 18 · Recital 19 · Recital 20 · Recital 21 · Recital 22 · Recital 23 · Recital 24 · Recital 25 · Recital 26 · Recital 27 · Recital 28 · Recital 29 · Recital 30 · Recital 31 · Recital 32 · Recital 33 · Recital 34 · Recital 35 · Recital 36 · Recital 37 · Recital 38 · Recital 39 · Recital 40 · Recital 41 · Recital 42 · Recital 43 · Recital 44 · Recital 45 · Recital 46 · Recital 47 · Recital 48 · Recital 49 · Recital 50 · Recital 51 · Recital 52 · Recital 53 · Recital 54 · Recital 55 · Recital 56 · Recital 57 · Recital 58 · Recital 59 · Recital 60 · Recital 61 · Recital 62 · Recital 63 · Recital 64 · Recital 65 · Recital 66 · Recital 67 · Recital 68 · Recital 69 · Recital 70 · Recital 71 · Recital 72 · Recital 73 · Recital 74 · Recital 75 · Recital 76 · Recital 77 · Recital 78 · Recital 79 · Recital 80 · Recital 81 · Recital 82 · Recital 83 · Recital 84 · Recital 85 · Recital 86 · Recital 87 · Recital 88 · Recital 89 · Recital 90 · Recital 91 · Recital 92 · Recital 93 · Recital 94 · Recital 95 · Recital 96 · Recital 97 · Recital 98 · Recital 99 · Recital 100 · Recital 101 · Recital 102 · Recital 103 · Recital 104 · Recital 105 · Recital 106 · Recital 107 · Recital 108 · Recital 109 · Recital 110 · Recital 111 · Recital 112 · Recital 113 · Recital 114 · Recital 115 · Recital 116 · Recital 117 · Recital 118 · Recital 119 · Recital 120 · Recital 121 · Recital 122 · Recital 123 · Recital 124 · Recital 125 · Recital 126 · Recital 127 · Recital 128 · Recital 129 · Recital 130 · Recital 131 · Recital 132 · Recital 133 · Recital 134 · Recital 135 · Recital 136 · Recital 137 · Recital 138 · Recital 139 · Recital 140 · Recital 141 · Recital 142 · Recital 143 · Recital 144 · Recital 145 · Recital 146 · Recital 147 · Recital 148 · Recital 149 · Recital 150 · Recital 151

Title I - VALUATION AND RISK-BASED CAPITAL REQUIREMENTS (PILLAR I), ENHANCED GOVERNANCE (PILLAR II) AND INCREASED TRANSPARENCY (PILLAR III) renamed was “Title I - VALUATION AND RISK-BASED CAPTAL REQUIREMENTS (PILLAR I), ENHANCED GOVERNANCE (PILLAR II) AND INCREASED TRANPARENCY (PILLAR III)”

amended Article 1 - Definitions Title I › Chapter I › Section 1
amended Article 2 - Expert judgement Title I › Chapter I › Section 1
amended Article 4 - General requirements on the use of credit assessments Title I › Chapter I › Section 2
amended Article 5 - Issuers and issue credit assessment Title I › Chapter I › Section 2
amended Article 9 - Valuation methodology — general principles Title I › Chapter II
amended Article 10 - Valuation methodology — valuation hierarchy Title I › Chapter II
amended Article 11 - Recognition of contingent liabilities Title I › Chapter II
amended Article 12 - Valuation methods for goodwill and intangible assets Title I › Chapter II
amended Article 13 - Valuation methods for related undertakings Title I › Chapter II
amended Article 14 - Valuation methods for specific liabilities Title I › Chapter II
amended Article 15 - Deferred taxes Title I › Chapter II
amended Article 16 - Exclusion of valuation methods Title I › Chapter II
amended Article 18 - Boundary of an insurance or reinsurance contract Title I › Chapter III › Section 1
amended Article 19 - Data used in the calculation of technical provisions Title I › Chapter III › Section 2
amended Article 21 - Appropriate use of approximations to calculate the best estimate Title I › Chapter III › Section 2
amended Article 22 - General provisions Title I › Chapter III › Section 3 › Subsection 1
amended Article 23 - Future management actions Title I › Chapter III › Section 3 › Subsection 1
amended Article 26 - Policyholder behaviour Title I › Chapter III › Section 3 › Subsection 1
amended Article 28 - Cash flows Title I › Chapter III › Section 3 › Subsection 3
amended Article 30 - Uncertainty of cash flows Title I › Chapter III › Section 3 › Subsection 3
amended Article 31 - Expenses Title I › Chapter III › Section 3 › Subsection 3
amended Article 32 - Contractual options and financial guarantees Title I › Chapter III › Section 3 › Subsection 3
amended Article 34 - Calculation methods Title I › Chapter III › Section 3 › Subsection 3
amended Article 35 - Homogeneous risk groups of life insurance obligations Title I › Chapter III › Section 3 › Subsection 3
amended Article 36 - Non-life insurance obligations Title I › Chapter III › Section 3 › Subsection 3
amended Article 37 - Calculation of the risk margin Title I › Chapter III › Section 3 › Subsection 4
amended Article 38 - Reference undertaking Title I › Chapter III › Section 3 › Subsection 4
amended Article 40 - Circumstances in which technical provisions shall be calculated as a whole and the method to be used Title I › Chapter III › Section 3 › Subsection 5
amended Article 41 - General provisions Title I › Chapter III › Section 3 › Subsection 6
amended Article 42 - Counterparty default adjustment Title I › Chapter III › Section 3 › Subsection 6
amended Article 43 - General provisions Title I › Chapter III › Section 4 › Subsection 1
amended Article 44 - Relevant financial instruments to derive the basic risk-free interest rates Title I › Chapter III › Section 4 › Subsection 2
amended Article 46 - Extrapolation Title I › Chapter III › Section 4 › Subsection 2
amended Article 47 - Ultimate forward rate Title I › Chapter III › Section 4 › Subsection 2
amended Article 48 - Basic risk-free interest rate term structure of currencies pegged to the euro Title I › Chapter III › Section 4 › Subsection 2
amended Article 49 - Reference portfolios Title I › Chapter III › Section 4 › Subsection 3
amended Article 50 - Formula to calculate the spread underlying the volatility adjustment Title I › Chapter III › Section 4 › Subsection 3
amended Article 52 - Mortality risk stress Title I › Chapter III › Section 4 › Subsection 4
amended Article 53 - Calculation of the matching adjustment Title I › Chapter III › Section 4 › Subsection 4
amended Article 54 - Calculation of the fundamental spread Title I › Chapter III › Section 4 › Subsection 4
amended Article 55 - Lines of business Title I › Chapter III › Section 5
amended Article 56 - Proportionality Title I › Chapter III › Section 6
amended Article 57 - Simplified calculation of recoverables from reinsurance contracts and special purpose vehicles Title I › Chapter III › Section 6
amended Article 58 - Simplified calculation of the risk margin Title I › Chapter III › Section 6
amended Article 60 - Simplified calculation of the best estimate for insurance obligations with premium adjustment mechanism Title I › Chapter III › Section 6
amended Article 61 - Simplified calculation of the counterparty default adjustment Title I › Chapter III › Section 6
amended Article 62 - Assessment of the application Title I › Chapter IV › Section 1 › Subsection 1
amended Article 63 - Assessment of the application — Status of the counterparties Title I › Chapter IV › Section 1 › Subsection 1
amended Article 64 - Assessment of the application — Recoverability of the funds Title I › Chapter IV › Section 1 › Subsection 1
amended Article 65 - Assessment of the application — Information on the outcome of past calls Title I › Chapter IV › Section 1 › Subsection 1
amended Article 66 - Specification of amount relating to an unlimited amount of ancillary own funds Title I › Chapter IV › Section 1 › Subsection 1
amended Article 67 - Specification of amount and timing relating to the approval of a method Title I › Chapter IV › Section 1 › Subsection 1
amended Article 68 - Treatment of participations in the determination of basic own funds Title I › Chapter IV › Section 1 › Subsection 2
amended Article 69 - Tier 1 — List of own-fund items Title I › Chapter IV › Section 2
amended Article 70 - Reconciliation Reserve Title I › Chapter IV › Section 2
amended Article 71 - Tier 1 — Features determining classification Title I › Chapter IV › Section 2
amended Article 72 - Tier 2 Basic own-funds — List of own-fund items Title I › Chapter IV › Section 2
amended Article 73 - Tier 2 Basic own-funds — Features determining classification Title I › Chapter IV › Section 2
amended Article 74 - Tier 2 Ancillary own-funds — List of own-fund items Title I › Chapter IV › Section 2
amended Article 76 - Tier 3 Basic own-funds– List of own-fund items Title I › Chapter IV › Section 2
amended Article 77 - Tier 3 Basic own-funds– Features determining classification Title I › Chapter IV › Section 2
amended Article 79 - Supervisory Authorities approval of the assessment and classification of own-fund items Title I › Chapter IV › Section 2
amended Article 80 - Ring-fenced funds requiring adjustments Title I › Chapter IV › Section 3 › Subsection 1
amended Article 81 - Adjustment for ring-fenced funds and matching adjustment portfolios Title I › Chapter IV › Section 3 › Subsection 1
amended Article 82 - Eligibility and limits applicable to Tiers 1, 2 and 3 Title I › Chapter IV › Section 3 › Subsection 2
amended Article 83 Title I › Chapter V › Section 1 › Subsection 1
amended Article 84 Title I › Chapter V › Section 1 › Subsection 2
amended Article 86 Title I › Chapter V › Section 1 › Subsection 4
amended Article 87 Title I › Chapter V › Section 1 › Subsection 5
amended Article 88 - Proportionality Title I › Chapter V › Section 1 › Subsection 6
amended Article 89 - General provisions for simplifications for captives Title I › Chapter V › Section 1 › Subsection 6
amended Article 90 - Simplified calculation for captive insurance and reinsurance undertakings of the capital requirement for non-life premium and reserve risk Title I › Chapter V › Section 1 › Subsection 6
amended Article 91 - Simplified calculation of the capital requirement for life mortality risk Title I › Chapter V › Section 1 › Subsection 6
amended Article 92 - Simplified calculation of the capital requirement for life longevity risk Title I › Chapter V › Section 1 › Subsection 6
amended Article 93 - Simplified calculation of the capital requirement for life disability-morbidity risk Title I › Chapter V › Section 1 › Subsection 6
amended Article 94 - Simplified calculation of the capital requirement for life-expense risk Title I › Chapter V › Section 1 › Subsection 6
amended Article 95 - Simplified calculation of the capital requirement for permanent changes in lapse rates Title I › Chapter V › Section 1 › Subsection 6
amended Article 96 - Simplified calculation of the capital requirement for life-catastrophe risk Title I › Chapter V › Section 1 › Subsection 6
amended Article 97 - Simplified calculation of the capital requirement for health mortality risk Title I › Chapter V › Section 1 › Subsection 6
amended Article 98 - Simplified calculation of the capital requirement for health longevity risk Title I › Chapter V › Section 1 › Subsection 6
amended Article 99 - Simplified calculation of the capital requirement for medical expense disability-morbidity risk Title I › Chapter V › Section 1 › Subsection 6
amended Article 100 - Simplified calculation of the capital requirement for income protection disability-morbidity risk Title I › Chapter V › Section 1 › Subsection 6
amended Article 101 - Simplified calculation of the capital requirement for health expense risk Title I › Chapter V › Section 1 › Subsection 6
amended Article 102 - Simplified calculation of the capital requirement for SLT health lapse risk Title I › Chapter V › Section 1 › Subsection 6
amended Article 103 - Simplified calculation of the capital requirement for interest rate risk for captive insurance or reinsurance undertakings Title I › Chapter V › Section 1 › Subsection 6
amended Article 104 - Simplified calculation for spread risk on bonds and loans Title I › Chapter V › Section 1 › Subsection 6
amended Article 106 - Simplified calculation of the capital requirement for market risk concentration for captive insurance or reinsurance undertakings Title I › Chapter V › Section 1 › Subsection 6
amended Article 107 - Simplified calculation of the risk mitigating effect for reinsurance arrangements or securitisation Title I › Chapter V › Section 1 › Subsection 6
amended Article 108 - Simplified calculation of the risk mitigating effect for proportional reinsurance arrangements Title I › Chapter V › Section 1 › Subsection 6
amended Article 109 - Simplified calculations for pooling arrangements Title I › Chapter V › Section 1 › Subsection 6
amended Article 111 - Simplified calculation of the risk mitigating effect Title I › Chapter V › Section 1 › Subsection 6
amended Article 112 - Simplified calculation of the risk adjusted value of collateral to take into account the economic effect of the collateral Title I › Chapter V › Section 1 › Subsection 6
amended Article 113 Title I › Chapter V › Section 1 › Subsection 7
amended Article 114 - Non-life underwriting risk module Title I › Chapter V › Section 2
amended Article 115 - Non-life premium and reserve risk sub-module Title I › Chapter V › Section 2
amended Article 116 - Volume measure for non-life premium and reserve risk Title I › Chapter V › Section 2
amended Article 117 - Standard deviation for non-life premium and reserve risk Title I › Chapter V › Section 2
amended Article 118 - Non-life lapse risk sub-module Title I › Chapter V › Section 2
amended Article 119 - Non-life catastrophe risk sub-module Title I › Chapter V › Section 2
amended Article 120 - Natural catastrophe risk sub-module Title I › Chapter V › Section 2
amended Article 121 - Windstorm risk sub-module Title I › Chapter V › Section 2
amended Article 122 - Earthquake risk sub-module Title I › Chapter V › Section 2
amended Article 123 - Flood risk sub-module Title I › Chapter V › Section 2
amended Article 124 - Hail risk sub-module Title I › Chapter V › Section 2
amended Article 125 - Subsidence risk sub-module Title I › Chapter V › Section 2
amended Article 126 - Interpretation of catastrophe scenarios Title I › Chapter V › Section 2
amended Article 127 - Sub-module for catastrophe risk of non-proportional property reinsurance Title I › Chapter V › Section 2
amended Article 128 - Man-made catastrophe risk sub-module Title I › Chapter V › Section 2
amended Article 129 - Motor vehicle liability risk sub-module Title I › Chapter V › Section 2
amended Article 130 - Marine risk sub-module Title I › Chapter V › Section 2
amended Article 131 - Aviation risk sub-module Title I › Chapter V › Section 2
amended Article 132 - Fire risk sub-module Title I › Chapter V › Section 2
amended Article 133 - Liability risk sub-module Title I › Chapter V › Section 2
amended Article 134 - Credit and suretyship risk sub-module Title I › Chapter V › Section 2
amended Article 135 - Sub-module for other non-life catastrophe risk Title I › Chapter V › Section 2
amended Article 136 - Correlation coefficients Title I › Chapter V › Section 3
amended Article 137 - Mortality risk sub-module Title I › Chapter V › Section 3
amended Article 138 - Longevity risk sub-module Title I › Chapter V › Section 3
amended Article 139 - Disability-morbidity risk sub-module Title I › Chapter V › Section 3
amended Article 140 - Life-expense risk sub-module Title I › Chapter V › Section 3
amended Article 142 - Lapse risk sub-module Title I › Chapter V › Section 3
amended Article 143 - Life-catastrophe risk sub-module Title I › Chapter V › Section 3
amended Article 144 - Health underwriting risk module Title I › Chapter V › Section 4
amended Article 145 - NSLT health underwriting risk sub-module Title I › Chapter V › Section 4
amended Article 146 - NSLT health premium and reserve risk sub-module Title I › Chapter V › Section 4
amended Article 147 - Volume measure for NSLT health premium and reserve risk Title I › Chapter V › Section 4
amended Article 148 - Standard deviation for NSLT health premium and reserve risk Title I › Chapter V › Section 4
amended Article 149 - Health risk equalisation systems Title I › Chapter V › Section 4
amended Article 150 - NSLT health lapse risk sub-module Title I › Chapter V › Section 4
amended Article 151 - SLT health underwriting risk sub-module Title I › Chapter V › Section 4
amended Article 152 - Health mortality risk sub-module Title I › Chapter V › Section 4
amended Article 153 - Health longevity risk sub-module Title I › Chapter V › Section 4
amended Article 154 - Health disability-morbidity risk sub-module Title I › Chapter V › Section 4
amended Article 155 - Capital requirement for medical expense disability-morbidity risk Title I › Chapter V › Section 4
amended Article 156 - Capital requirement for income protection disability-morbidity risk Title I › Chapter V › Section 4
amended Article 157 - Health expense risk sub-module Title I › Chapter V › Section 4
amended Article 159 - SLT health lapse risk sub-module Title I › Chapter V › Section 4
amended Article 160 - Health catastrophe risk sub-module Title I › Chapter V › Section 4
amended Article 161 - Mass accident risk sub-module Title I › Chapter V › Section 4
amended Article 162 - Accident concentration risk sub-module Title I › Chapter V › Section 4
amended Article 163 - Pandemic risk sub-module Title I › Chapter V › Section 4
amended Article 164 Title I › Chapter V › Section 5 › Subsection 1
inserted Title I › Chapter V › Section 5 › Subsection 1A - Qualifying infrastructure investments
inserted Article 164a - Qualifying infrastructure investments Title I › Chapter V › Section 5 › Subsection 1A
amended Article 165 - General provisions Title I › Chapter V › Section 5 › Subsection 2
amended Article 166 - Increase in the term structure of interest rates Title I › Chapter V › Section 5 › Subsection 2
amended Article 167 - Decrease in the term structure of interest rates Title I › Chapter V › Section 5 › Subsection 2
amended Article 168 - General provisions Title I › Chapter V › Section 5 › Subsection 3
amended Article 169 - Standard equity risk sub-module Title I › Chapter V › Section 5 › Subsection 3
amended Article 170 - Duration-based equity risk sub-module Title I › Chapter V › Section 5 › Subsection 3
amended Article 171 - Strategic equity investments Title I › Chapter V › Section 5 › Subsection 3
amended Article 172 - Symmetric adjustment of the equity capital charge Title I › Chapter V › Section 5 › Subsection 3
amended Article 173 - Criteria for the use of transitional measure for standard equity risk Title I › Chapter V › Section 5 › Subsection 3
amended Article 175 - Scope of the spread risk sub-module Title I › Chapter V › Section 5 › Subsection 5
amended Article 176 - Spread risk on bonds and loans Title I › Chapter V › Section 5 › Subsection 5
amended Article 177 - Spread risk on securitisation positions: general provisions Title I › Chapter V › Section 5 › Subsection 5
amended Article 178 - Spread risk on securitisation positions: calculation of the capital requirement Title I › Chapter V › Section 5 › Subsection 5
amended Article 179 - Spread risk on credit derivatives Title I › Chapter V › Section 5 › Subsection 5
amended Article 180 - Specific exposures Title I › Chapter V › Section 5 › Subsection 5
amended Article 181 - Application of the spread risk scenarios to matching adjustment portfolios Title I › Chapter V › Section 5 › Subsection 5
amended Article 182 - Single name exposure Title I › Chapter V › Section 5 › Subsection 6
amended Article 183 - Calculation of the capital requirement for market risk concentration Title I › Chapter V › Section 5 › Subsection 6
amended Article 184 - Excess exposure Title I › Chapter V › Section 5 › Subsection 6
amended Article 185 - Relative excess exposure thresholds Title I › Chapter V › Section 5 › Subsection 6
amended Article 186 - Risk factor for market risk concentration Title I › Chapter V › Section 5 › Subsection 6
amended Article 187 - Specific exposures Title I › Chapter V › Section 5 › Subsection 6
amended Article 188 Title I › Chapter V › Section 5 › Subsection 7
amended Article 189 - Scope Title I › Chapter V › Section 6 › Subsection 1
amended Article 190 - Single name exposures Title I › Chapter V › Section 6 › Subsection 1
amended Article 191 - Mortgage loans Title I › Chapter V › Section 6 › Subsection 1
amended Article 192 - Loss-given-default Title I › Chapter V › Section 6 › Subsection 1
amended Article 193 - Loss-given-default for pool exposures of type A Title I › Chapter V › Section 6 › Subsection 1
amended Article 194 - Loss-given-default for pool exposures of type B Title I › Chapter V › Section 6 › Subsection 1
amended Article 195 - Loss-given-default for pool exposures of type C Title I › Chapter V › Section 6 › Subsection 1
amended Article 196 - Risk-mitigating effect Title I › Chapter V › Section 6 › Subsection 1
amended Article 197 - Risk-adjusted value of collateral Title I › Chapter V › Section 6 › Subsection 1
amended Article 198 - Risk-adjusted value of mortgage Title I › Chapter V › Section 6 › Subsection 1
amended Article 199 - Probability of default Title I › Chapter V › Section 6 › Subsection 2
amended Article 200 - Type 1 exposures Title I › Chapter V › Section 6 › Subsection 2
amended Article 201 - Variance of the loss distribution of type 1 exposures Title I › Chapter V › Section 6 › Subsection 2
amended Article 202 - Type 2 exposures Title I › Chapter V › Section 6 › Subsection 3
amended Article 204 Title I › Chapter V › Section 8
amended Article 205 - General provisions Title I › Chapter V › Section 9
amended Article 206 - Adjustment for the loss-absorbing capacity of technical provisions Title I › Chapter V › Section 9
amended Article 207 - Adjustment for the loss-absorbing capacity of deferred taxes Title I › Chapter V › Section 9
amended Article 208 - Methods and Assumptions Title I › Chapter V › Section 10
amended Article 209 - Qualitative Criteria Title I › Chapter V › Section 10
amended Article 210 - Effective Transfer of Risk Title I › Chapter V › Section 10
amended Article 211 - Risk-Mitigation techniques using reinsurance contracts or special purpose vehicles Title I › Chapter V › Section 10
amended Article 212 - Financial Risk-Mitigation techniques Title I › Chapter V › Section 10
amended Article 213 - Status of the counterparties Title I › Chapter V › Section 10
amended Article 214 - Collateral Arrangements Title I › Chapter V › Section 10
amended Article 215 - Guarantees Title I › Chapter V › Section 10
amended Article 216 - Calculation of the Solvency Capital Requirement in the case of ring-fenced funds and matching adjustment portfolios Title I › Chapter V › Section 11
amended Article 217 - Solvency Capital Requirement calculation method for ring-fenced funds and matching adjustment portfolios Title I › Chapter V › Section 11
amended Article 218 - Subset of standard parameters that may be replaced by undertaking-specific parameters Title I › Chapter V › Section 12
amended Article 219 - Data criteria Title I › Chapter V › Section 12
amended Article 220 - Standardised methods to calculate the undertaking-specific parameters Title I › Chapter V › Section 12
amended Article 221 Title I › Chapter V › Section 13
amended Article 224 - Fit to the business Title I › Chapter VI › Section 2
amended Article 225 - Understanding of the internal model Title I › Chapter VI › Section 2
amended Article 226 - Support of decision-making and integration with risk management Title I › Chapter VI › Section 2
amended Article 227 - Simplified calculation Title I › Chapter VI › Section 2
amended Article 228 - Probability distribution forecast Title I › Chapter VI › Section 3
amended Article 229 - Adequate, applicable and relevant actuarial techniques Title I › Chapter VI › Section 3
amended Article 230 - Information and assumptions used for the calculation of the probability distribution forecast Title I › Chapter VI › Section 3
amended Article 231 - Data used in the internal model Title I › Chapter VI › Section 3
amended Article 232 - Ability to rank risk Title I › Chapter VI › Section 3
amended Article 233 - Coverage of all material risks Title I › Chapter VI › Section 3
amended Article 234 - Diversification effects Title I › Chapter VI › Section 3
amended Article 235 - Risk-mitigation techniques Title I › Chapter VI › Section 3
amended Article 236 - Future management actions Title I › Chapter VI › Section 3
amended Article 238 Title I › Chapter VI › Section 4
amended Article 239 Title I › Chapter VI › Section 5
amended Article 240 Title I › Chapter VI › Section 6
amended Article 241 - Model validation process Title I › Chapter VI › Section 7
amended Article 242 - Validation tools Title I › Chapter VI › Section 7
amended Article 243 - General provisions Title I › Chapter VI › Section 8
amended Article 244 - Minimum content of the documentation Title I › Chapter VI › Section 8
amended Article 245 - Circumstances under which the internal model does not work effectively Title I › Chapter VI › Section 8
amended Article 246 - Changes to the internal model Title I › Chapter VI › Section 8
amended Article 248 - Minimum Capital Requirement Title I › Chapter VII
amended Article 249 - Linear Minimum Capital Requirement Title I › Chapter VII
amended Article 250 - Linear formula component for non-life insurance and reinsurance obligations Title I › Chapter VII
amended Article 251 - Linear formula component for life insurance and reinsurance obligations Title I › Chapter VII
amended Article 252 - Minimum Capital Requirement: composite insurance undertakings Title I › Chapter VII
amended Article 253 - Absolute floor of the Minimum Capital Requirement Title I › Chapter VII
amended Article 254 - Risk retention requirements relating to the originators, sponsors or original lenders Title I › Chapter VIII
amended Article 255 - Exemptions to risk retention requirements Title I › Chapter VIII
amended Article 256 - Qualitative requirements relating to insurance and reinsurance undertakings Title I › Chapter VIII
amended Article 257 - Requirements for investments in securitisation that no longer comply with the risk-retention and qualitative requirements Title I › Chapter VIII
amended Article 258 - General governance requirements Title I › Chapter IX › Section 1
amended Article 259 - Risk Management System Title I › Chapter IX › Section 1
amended Article 260 - Risk management areas Title I › Chapter IX › Section 1
amended Article 261 - Risk management in undertakings providing loans and/or mortgage insurance or reinsurance Title I › Chapter IX › Section 1
inserted Article 261a - Risk management for qualifying infrastructure investments Title I › Chapter IX › Section 1
amended Article 262 - Overall solvency needs Title I › Chapter IX › Section 1
amended Article 263 - Alternative methods for valuation Title I › Chapter IX › Section 1
amended Article 264 - Valuation of technical provisions — validation Title I › Chapter IX › Section 1
amended Article 265 - Valuation of technical provisions — documentation Title I › Chapter IX › Section 1
amended Article 267 - Internal control of valuation of assets and liabilities Title I › Chapter IX › Section 1
amended Article 268 - Specific provisions Title I › Chapter IX › Section 2
amended Article 269 - Risk management function Title I › Chapter IX › Section 2
amended Article 270 - Compliance function Title I › Chapter IX › Section 2
amended Article 271 - Internal audit function Title I › Chapter IX › Section 2
amended Article 272 - Actuarial function Title I › Chapter IX › Section 2
amended Article 273 Title I › Chapter IX › Section 3
amended Article 274 Title I › Chapter IX › Section 4
renamed Title I › Chapter IX › Section 5 - Remuneration policy was “Section 5 - Renumeration policy”
amended Article 275 Title I › Chapter IX › Section 5
amended Article 276 - Assessment of a significant deviation as regards the SCR Title I › Chapter X › Section 1
amended Article 277 - Assessment of a significant deviation as regards the governance Title I › Chapter X › Section 1
amended Article 278 - Assessment of a significant deviation as regards adjustments to the relevant risk-free rate and transitional measures Title I › Chapter X › Section 1
amended Article 279 - Add-ons in relation to deviations from Solvency Capital Requirement assumptions Title I › Chapter X › Section 1
amended Article 280 - Assessment of the requirement to use an internal model Title I › Chapter X › Section 1
amended Article 282 - Calculation of add-ons in relation to deviations from SCR assumptions Title I › Chapter X › Section 2
amended Article 283 - Scope and approach of modifications as regards a deviation from SCR assumptions Title I › Chapter X › Section 2
amended Article 284 - Calculation of add-ons in relation to adjustments to the relevant risk-free rate or transitional measures Title I › Chapter X › Section 2
amended Article 285 - Scope and approach of modifications as regards adjustments to the relevant risk-free rate and transitional measures Title I › Chapter X › Section 2
amended Article 286 - Calculation of add-ons in relation to deviations from governance standards Title I › Chapter X › Section 2
amended Article 287 - Apportionment of add-ons for undertakings which simultaneously pursue life and non-life insurance activities Title I › Chapter X › Section 2
amended Article 288 - Assessment of exceptional adverse situations Title I › Chapter XI
amended Article 289 - Factors and criteria to determine the extension of the recovery period Title I › Chapter XI
amended Article 290 - Structure Title I › Chapter XII › Section 1
amended Article 292 - Summary Title I › Chapter XII › Section 1
amended Article 293 - Business and performance Title I › Chapter XII › Section 1
amended Article 294 - System of governance Title I › Chapter XII › Section 1
amended Article 295 - Risk profile Title I › Chapter XII › Section 1
amended Article 296 - Valuation for solvency purposes Title I › Chapter XII › Section 1
amended Article 297 - Capital management Title I › Chapter XII › Section 1
amended Article 299 Title I › Chapter XII › Section 2
amended Article 300 - Deadlines Title I › Chapter XII › Section 3
amended Article 301 - Means of disclosure Title I › Chapter XII › Section 3
amended Article 302 - Updates Title I › Chapter XII › Section 3
amended Article 304 - Elements of the regular supervisory reporting Title I › Chapter XIII › Section 1
amended Article 306 - Own-risk and solvency assessment supervisory report Title I › Chapter XIII › Section 1
amended Article 307 - Business and performance Title I › Chapter XIII › Section 1
amended Article 308 - System of governance Title I › Chapter XIII › Section 1
amended Article 309 - Risk profile Title I › Chapter XIII › Section 1
amended Article 310 - Valuation for solvency purposes Title I › Chapter XIII › Section 1
amended Article 311 - Capital management Title I › Chapter XIII › Section 1
amended Article 312 - Deadlines Title I › Chapter XIII › Section 2
amended Article 314 - Transitional information requirements Title I › Chapter XIII › Section 2
amended Article 316 - Aggregate statistical data Title I › Chapter XIV
amended Article 317 - Means of disclosure Title I › Chapter XIV
amended Article 318 Title I › Chapter XV › Section 1
amended Article 320 - Effective transfer of risk Title I › Chapter XV › Section 2
amended Article 321 - Rights of the providers of debt or financing mechanisms Title I › Chapter XV › Section 2
amended Article 322 - Fit and proper requirements of persons who effectively run a special purpose vehicle Title I › Chapter XV › Section 3
amended Article 323 - Fit and proper requirements for shareholders or members with a qualifying holding Title I › Chapter XV › Section 3
amended Article 324 - Sound administrative and accounting procedures, adequate internal control mechanisms and risk-management requirements Title I › Chapter XV › Section 3
amended Article 325 - Supervisory reporting Title I › Chapter XV › Section 4
amended Article 326 - Solvency requirements Title I › Chapter XV › Section 5
amended Article 327 - Solvency requirements on investments Title I › Chapter XV › Section 5

Title I · 37 unchanged

Article 3 · Article 6 · Article 7 · Article 8 · Article 17 · Article 20 · Article 24 · Article 25 · Article 27 · Article 29 · Article 33 · Article 39 · Article 45 · Article 51 · Article 59 · Article 75 · Article 78 · Article 85 · Article 105 · Article 110 · Article 141 · Article 158 · Article 174 · Article 203 · Article 222 · Article 223 · Article 237 · Article 247 · Article 266 · Article 281 · Article 291 · Article 298 · Article 303 · Article 305 · Article 313 · Article 315 · Article 319

Title II - INSURANCE GROUPS

amended Article 328 - Choice of method Title II › Chapter I › Section 1
amended Article 329 - Treatment of specific related undertakings Title II › Chapter I › Section 1
amended Article 330 - Availability at group level of the eligible own funds of related undertakings Title II › Chapter I › Section 1
amended Article 331 - Classification of own-fund items of related insurance and reinsurance undertakings at group level Title II › Chapter I › Section 2
amended Article 332 - Classification of own-fund items of related third-country insurance or reinsurance undertakings at group level Title II › Chapter I › Section 2
amended Article 333 - Classification of own-fund items of insurance holding companies, mixed financial holding companies, and subsidiary ancillary services undertakings at group level Title II › Chapter I › Section 2
amended Article 334 - Classification of own-fund items of residual related undertakings Title II › Chapter I › Section 2
amended Article 335 - Method 1: determination of consolidated data Title II › Chapter I › Section 2
amended Article 336 - Method 1: Calculation of the consolidated group Solvency Capital Requirement Title II › Chapter I › Section 2
amended Article 338 - Method 1: group-specific parameters Title II › Chapter I › Section 2
amended Article 339 - Method 1: best estimate Title II › Chapter I › Section 2
amended Article 340 - Method 1: Risk margin Title II › Chapter I › Section 2
amended Article 342 - Method 2: Elimination of intra-group creation of capital in relation to the best estimate Title II › Chapter I › Section 2
amended Article 343 - Application for the use of an internal model to calculate only the consolidated group Solvency Capital Requirement Title II › Chapter II › Section 1
amended Article 344 - Assessment of the application for the use of an internal model to calculate only the consolidated group Solvency Capital Requirement Title II › Chapter II › Section 1
amended Article 345 - Decision on the application and transitional plan to extend the scope of a partial internal model used to calculate only the consolidated group Solvency Capital Requirement Title II › Chapter II › Section 1
amended Article 346 - Use test for internal models used to calculate only the consolidated group Solvency Capital Requirement Title II › Chapter II › Section 1
amended Article 347 - Application to use a group internal model Title II › Chapter II › Section 2
amended Article 348 - Assessment of the completeness of an application to use a group internal model Title II › Chapter II › Section 2
amended Article 349 - Joint decision on the application and transitional plan to extend the scope of the model Title II › Chapter II › Section 2
amended Article 350 - Use test for group internal models Title II › Chapter II › Section 2
amended Article 351 - Assessment of conditions: criteria Title II › Chapter III
amended Article 352 - Assessment of conditions: procedures Title II › Chapter III
amended Article 353 - Assessment of an emergency situation: criteria Title II › Chapter III
amended Article 354 - Participation of supervisors of significant branches and related undertakings Title II › Chapter IV › Section 1
amended Article 355 - Coordination arrangements Title II › Chapter IV › Section 1
amended Article 356 - Supervisory approval of group-specific parameters Title II › Chapter IV › Section 1
amended Article 357 - Information to be exchanged on a systematic basis Title II › Chapter IV › Section 2
amended Article 359 - Structure and contents Title II › Chapter V › Section 1
amended Article 360 - Languages Title II › Chapter V › Section 1
amended Article 363 - Updates Title II › Chapter V › Section 1
amended Article 365 - Structure and contents Title II › Chapter V › Section 2
amended Article 366 - Languages Title II › Chapter V › Section 2
amended Article 367 - Non-disclosure of information Title II › Chapter V › Section 2
amended Article 369 - Updates Title II › Chapter V › Section 2
amended Article 370 - Reference Title II › Chapter V › Section 2
amended Article 372 - Elements and contents Title II › Chapter VI › Section 1
amended Article 375 - Additional transitional information on groups Title II › Chapter VI › Section 1
amended Article 376 - Significant risk concentrations (definition, identification and thresholds) Title II › Chapter VI › Section 2
amended Article 377 - Significant intragroup transactions (definition, identification) Title II › Chapter VI › Section 2

Title II · 10 unchanged

Article 337 · Article 341 · Article 358 · Article 361 · Article 362 · Article 364 · Article 368 · Article 371 · Article 373 · Article 374

Title III - THIRD COUNTRY EEQUIVALENCE AND FINAL PROVISIONS

amended Article 378 - Criteria for assessing third country equivalence Title III › Chapter I
amended Article 379 - Criteria for assessing third country equivalence Title III › Chapter II
amended Article 380 - Criteria for assessing third country equivalence Title III › Chapter III
amended Article 381 Title III › Chapter IV

Annexes

amendedrenamed Annex I - LINES OF BUSINESS was “Annex I”
amendedrenamed Annex II - SEGMENTATION OF NON-LIFE INSURANCE AND REINSURANCE OBLIGATIONS AND STANDARD DEVIATIONS FOR THE NON-LIFE PREMIUM AND RESERVE RISK SUB-MODULE was “Annex II”
amendedrenamed Annex III - FACTOR FOR GEOGRAPHICAL DIVERSIFICATION OF PREMIUM AND RESERVE RISK was “Annex III”
amendedrenamed Annex IV - CORRELATION MATRIX FOR NON-LIFE PREMIUM AND RESERVE RISK was “Annex IV”
amendedrenamed Annex V - PARAMETERS FOR THE WINDSTORM RISK SUB-MODULE was “Annex V”
amendedrenamed Annex VI - PARAMETERS FOR THE EARTHQUAKE RISK SUB-MODULE was “Annex VI”
amendedrenamed Annex VII - PARAMETERS FOR THE FLOOD RISK SUB-MODULE was “Annex VII”
amendedrenamed Annex VIII - PARAMETETERS FOR THE HAIL RISK SUB-MODULE was “Annex VIII”
amendedrenamed Annex IX - THE GEOGRAPHICAL DIVISION OF REGIONS SET OUT IN ANNEX V INTO RISK ZONES was “Annex IX”
amendedrenamed Annex X - RISK WEIGHTS FOR CATASTROPHE RISK ZONES was “Annex X”
amendedrenamed Annex XI - LIABILITY RISK GROUPS, RISK FACTORS AND CORRELATION COEFFICIENTS FOR THE LIABILITY RISK SUB-MODULE was “Annex XI”
amendedrenamed Annex XII - GROUPS OF OBLIGATIONS AND RISK FACTORS FOR THE SUB-MODULE FOR OTHER NON-LIFE CATASTROPHE RISK was “Annex XII”
amendedrenamed Annex XIII - LIST OF REGIONS FOR WHICH NATURAL CATASTROPHE RISK IS NOT CALCULATED BASED ON PREMIUMS was “Annex XIII”
amendedrenamed Annex XIV - SEGMENTATION OF NSLT HEALTH INSURANCE AND REINSURANCE OBLIGATIONS AND STANDARD DEVIATIONS FOR THE NSLT HEALTH PREMIUM AND RESERVE RISK SUB-MODULE was “Annex XIV”
amendedrenamed Annex XV - CORRELATION MATRIX FOR NSLT HEALTH PREMIUM AND RESERVE RISK was “Annex XV”
amendedrenamed Annex XVI - HEALTH CATASTROPHE RISK SUB-MODULE OF THE SOLVENCY CAPITAL REQUIREMENT STANDARD FORMULA was “Annex XVI”
amendedrenamed Annex XVII - METHOD-SPECIFIC DATA REQUIREMENTS AND METHOD SPECIFICATIONS FOR UNDERTAKING-SPECIFIC PARAMETERS OF THE STANDARD FORMULA was “Annex XVII”
amendedrenamed Annex XVIII - INTEGRATION TECHNIQUES FOR PARTIAL INTERNAL MODELS was “Annex XVIII”
amendedrenamed Annex XIX - MCR RISK FACTORS FOR NON-LIFE AND HEALTH INSURANCE OR REINSURANCE OBLIGATIONS was “Annex XIX”
amendedrenamed Annex XX - STRUCTURE OF THE SOLVENCY AND FINANCIAL CONDITION REPORT AND REGULAR SUPERVISORY REPORT was “Annex XX”
amendedrenamed Annex XXI - AGGREGATE STATISTICAL DATA was “Annex XXI”
amendedrenamed Annex XXII - CORRELATION COEFFICIENTS FOR WINDSTORM RISK was “Annex XXII”
amendedrenamed Annex XXIII - CORRELATION COEFFICIENTS FOR EARTHQUAKE RISK was “Annex XXIII”
amendedrenamed Annex XXIV - CORRELATION COEFFICIENTS FOR FLOOD RISK was “Annex XXIV”
amendedrenamed Annex XXV - CORRELATION COEFFICIENTS FOR HAIL RISK was “Annex XXV”
amendedrenamed Annex XXVI - CORRELATION COEFFICIENTS FOR SUBSIDENCE RISK was “Annex XXVI”