future discretionary bonuses

Defined in Article 1, Commission Delegated Regulation (EU) 2015/35

Definitions over time (2)

1. 01/01/2020 – today applies on 12/11/2026 Article 1, Commission Delegated Regulation (EU) 2015/35 Scope: Whole act

   For the purposes of this Regulation, the following definitions shall apply:

   ‘future discretionary bonuses’ and ‘future discretionary benefits’ mean future benefits other than index-linked or unit-linked benefits of insurance or reinsurance contracts which have one of the following characteristics: they are legally or contractually based on one or more of the following results: the performance of a specified group of contracts or a specified type of contract or a single contract; the realised or unrealised investment return on a specified pool of assets held by the insurance or reinsurance undertaking; the profit or loss of the insurance or reinsurance undertaking or fund corresponding to the contract; they are based on a declaration of the insurance or reinsurance undertaking and the timing or the amount of the benefits is at its full or partial discretion;

2. 17/01/2015 – 18/01/2015 Article 1, Commission Delegated Regulation (EU) 2015/35 Scope: Whole act

   For the purposes of this Regulation, the following definitions shall apply:

   ‘future discretionary bonuses’ and ‘future discretionary benefits’ mean future benefits other than index-linked or unit-linked benefits of insurance or reinsurance contracts which have one of the following characteristics: they are legally or contractually based on one or more of the following results: the performance of a specified group of contracts or a specified type of contract or a single contract; the realised or unrealised investment return on a specified pool of assets held by the insurance or reinsurance undertaking; the profit or loss of the insurance or reinsurance undertaking or fund corresponding to the contract; they are based on a declaration of the insurance or reinsurance undertaking and the timing or the amount of the benefits is at its full or partial discretion;

Used in (1 place in 1 provisions on 12/11/2026)

Commission Delegated Regulation (EU) 2015/35 (1 in 1)

Article 1