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Article 7 - Maintaining, changing or removing the capital add-on

Article 7
Maintaining, changing or removing the capital add-on

When considering whether to maintain, change or remove the capital add-on the supervisory authority shall take into account any of the following:

((a))

information submitted by the insurance or reinsurance undertaking during the process of setting and calculating the capital add-on;

((b))

information obtained by the supervisory authority through the supervisory review process and through any subsequent supervisory activity;

((c))

information provided in the progress report if requested by the supervisory authority in accordance with Article 5;

((d))

any other relevant information indicating a material change in the circumstances that led to the setting of the capital add-on.

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