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):Article 178a Spread risk on securitisation positions: transitional provisions

Article 178a Spread risk on securitisation positions: transitional provisions

Geldend

Documentgegevens:

Geldend vanaf 30-09-2018

Redactionele toelichting: Wordt toegepast vanaf 01-01-2019.
Bronpublicatie:: 01-06-2018, PbEU 2018, L 227 (uitgifte: 10-09-2018, regelingnummer: 2018/1221)
Inwerkingtreding: 30-09-2018
Bronpublicatie inwerkingtreding:: 01-06-2018, PbEU 2018, L 227 (uitgifte: 10-09-2018, regelingnummer: 2018/1221)
Vakgebied(en): Financieel recht / Europees financieel recht
Financieel recht / Financieel toezicht (juridisch)
Verzekeringsrecht / Europees verzekeringsrecht
Verzekeringsrecht / Bijzondere onderwerpen

1.

Notwithstanding Article 178(3), securitisations issued before 1 January 2019 that qualify as type 1 securitisations in accordance with Article 177(2) in the version in force on 31 December 2018 shall be assigned a risk factor stress_i in accordance with Article 178(3) even where those securitisations are not STS securitisations which fulfil the requirements set out in Article 243 of Regulation (EU) No 575/2013.

2.

Paragraph 1 shall apply only in circumstances where no new underlying exposures were added or substituted after 31 December 2018.

3.

Notwithstanding Article 178(3), securitisations issued before 18 January 2015 that qualify as type 1 securitisations in accordance with Article 177(4) in the version in force on 31 December 2018 shall be assigned a risk factor stress_i in accordance with Articles 177 and 178 in the version in force on 31 December 2018.

4.

Notwithstanding Article 178(3), securitisations issued before 1 January 2019 that qualify as type 1 securitisations in accordance with Article 177(5) in the version in force on 31 December 2018 shall, until 31 December 2025, be assigned a risk factor stress_i in accordance with Articles 177 and 178 in the version in force on 31 December 2018.