Delegated Regulation (EU) 2015/35 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II):Inhoudsopgave

Inhoudsopgave

Geldend

Documentgegevens:

Geldend vanaf 18-01-2015

Bronpublicatie:: 10-10-2014, PbEU 2015, L 12 (uitgifte: 17-01-2015, regelingnummer: 2015/35)
Inwerkingtreding: 18-01-2015
Bronpublicatie inwerkingtreding:: 10-10-2014, PbEU 2015, L 12 (uitgifte: 17-01-2015, regelingnummer: 2015/35)
Vakgebied(en): Financieel recht / Europees financieel recht
Financieel recht / Financieel toezicht (juridisch)
Verzekeringsrecht / Europees verzekeringsrecht
Verzekeringsrecht / Bijzondere onderwerpen

TITLE I.: VALUATION AND RISK-BASED CAPTAL REQUIREMENTS (PILLAR I), ENHANCED GOVERNANCE (PILLAR II) AND INCREASED TRANPARENCY (PILLAR III)
CHAPTER I.: General provisions
SECTION 1.: Definitions and general principles
SECTION 2.: External credit assessments
CHAPTER II.: Valuation of assets and liabilities
CHAPTER III.: Rules relating to technical provisions
SECTION 1.: General provisions
SECTION 2.: Data quality
SECTION 3.: Methodologies to calculate technical provisions
SUBSECTION 1.: Assumptions underlying the calculation of technical provisions
SUBSECTION 2.: Information underlying the calculation of best estimates
SUBSECTION 3.: Cash flow projections for the calculation of the best estimate
SUBSECTION 4.: Risk margin
SUBSECTION 5.: Calculation of technical provisions as a whole
SUBSECTION 6.: Recoverables from reinsurance contracts and special purpose vehicles
SECTION 4.: Relevant risk-free interest rate term structure
SUBSECTION 1.: General provisions
SUBSECTION 2.: Basic risk free interest rate term structure
SUBSECTION 3.: Volatility adjustment
SUBSECTION 4.: Matching adjustment
SECTION 5.: Lines of business
SECTION 6.: Proportionality and simplifications
CHAPTER IV.: Own funds
SECTION 1.: Determination of own funds
SUBSECTION 1.: Supervisory approval of ancillary own funds
SUBSECTION 2.: Own funds treatment of participations
SECTION 2.: Classification of own funds
SECTION 3.: Eligibility of own funds
SUBSECTION 1.: Ring-fenced funds
SUBSECTION 2.: Quantitative limits
CHAPTER V.: Solvency capital requirement standard formula
SECTION 1.: General provisions
SUBSECTION 1.: Scenario based calculations
SUBSECTION 2.: Look-through approach
SUBSECTION 3.: Regional governments and local authorities
SUBSECTION 4.: Material basis risk
SUBSECTION 5.: Calculation of the basic solvency capital requirement
SUBSECTION 6.: Proportionality and simplifications
SUBSECTION 7.: Scope of the underwriting risk modules
SECTION 2.: Non-life underwriting risk module
SECTION 3.: Life underwriting risk module
SECTION 4.: Health underwriting risk module
SECTION 5.: Market risk module
SUBSECTION 1.: Correlation coefficients
SUBSECTION 2.: Interest rate risk sub-module
SUBSECTION 3.: Equity risk sub-module
SUBSECTION 4.: Property risk sub-module
SUBSECTION 5.: Spread risk sub-module
SUBSECTION 6.: Market risk concentrations sub-module
SUBSECTION 7.: Currency risk sub-module
SECTION 6.: Counterparty default risk module
SUBSECTION 1.: General provisions
SUBSECTION 2.: Type 1 exposures
SUBSECTION 3.: Type 2 exposures
SECTION 7.: Intangible asset module
SECTION 8.: Operational risk
SECTION 9.: Adjustment for the loss-absorbing capacity of technical provisions and deferred taxes
SECTION 10.: Risk mitigation techniques
SECTION 11.: Ring fenced funds
SECTION 12.: Undertaking-specific parameters
SECTION 13.: Procedure for updating correlation parameters
CHAPTER VI.: Solvency capital requirement — full and partial internal models
SECTION 1.: Definitions
SECTION 2.: Use test
SECTION 3.: Statistical quality standards
SECTION 4.: Calibration standards
SECTION 5.: Integration of partial internal models
SECTION 6.: Profit and loss attribution
SECTION 7.: Validation standards
SECTION 8.: Documentation standards
SECTION 9.: External models and data
CHAPTER VII.: Minimum capital requirement
CHAPTER VIII.: Investments in securitisation positions
CHAPTER IX.: System of governance
SECTION 1.: Elements of the system of governance
SECTION 2.: Functions
SECTION 3.: Fit and proper requirements
SECTION 4.: Outsourcing
SECTION 5.: Renumeration policy
CHAPTER X.: Capital add-on
SECTION 1.: Circumstances for imposing a capital add-on
SECTION 2.: Methodologies for calculating capital add-ons
CHAPTER XI.: Extension of the recovery period
CHAPTER XII.: Public disclosure
SECTION 1.: Solvency and financial condition report: structure and contents
SECTION 2.: Solvency and financial condition report: non-disclosure of information
SECTION 3.: Solvency and financial condition report: deadlines, means of disclosure and updates
CHAPTER XIII.: Regular supervisory reporting
SECTION 1.: Elements and contents
SECTION 2.: Deadlines and means of communication
CHAPTER XIV.: Transparency and accountability of supervisory authorities
CHAPTER XV.: Special purpose vehicles
SECTION 1.: Authorization
SECTION 2.: Mandatory contract conditions
SECTION 3.: System of governance
SECTION 4.: Supervisory reporting
SECTION 5.: Solvency requirements
TITLE II.: INSURANCE GROUPS
CHAPTER I.: Solvency calculation at group level
SECTION 1.: Group solvency: choice of calculation method and general principles
SECTION 2.: Group solvency: calculation methods
CHAPTER II.: Internal models for the calculation of the consolidated group solvency capital requirement
SECTION 1.: Full and partial internal models used to calculate only the group solvency capital requirement
SECTION 2.: Use of a group internal model
CHAPTER III.: Supervision of group solvency for groups with centralised risk management
CHAPTER IV.: Coordination of group supervision
SECTION 1.: Colleges of supervisors
SECTION 2.: Exchange of information
SECTION 3.: National or regional subgroup supervision
CHAPTER V.: Public disclosure
SECTION 1.: Group solvency and financial condition report
SECTION 2.: Single solvency and financial condition report
CHAPTER VI.: Group supervisory reporting
SECTION 1.: Regular reporting
SECTION 2.: Reporting on risk concentrations and intragroup transactions
TITLE III.: THIRD COUNTRY EEQUIVALENCE AND FINAL PROVISIONS
CHAPTER I.: Undertakings carrying out reinsurance activities with their head office in a third country
CHAPTER II.: Related third country insurance and reinsurance undertakings
CHAPTER III.: Insurance and reinsurance undertakings with the parent undertakings outside the union
CHAPTER IV.: Final provisions