future discretionary bonuses

Definitions over time (1)

18/01/2015 – 02/04/2016 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;

Each has its own scope, dates and uses. Open one to see when it applies.

Open an entry to see its definitions, dates and uses. Separate scopes and histories are kept intact.

No text uses this concept on 12/11/2026.