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ARTICLE · 20 APRIL 2017

Insurance Quarterly Legislative Update 1 Jan 2017 - 31 March 2017

Dillon Eustace
Dillon Eustace
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Dillon Eustace

Dillon Eustace

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On a monthly basis, EIOPA updates information on the symmetric adjustment of the equity capital charge.

IrelandInsurance

INSURANCE QUARTERLY LEGAL AND REGULATORY UPDATE

Solvency II

(i) EIOPA publishes monthly symmetric adjustment of the equity capital charge

On a monthly basis, EIOPA updates information on the symmetric adjustment of the equity capital charge. The symmetric adjustment to the equity capital charge shall be included in the calculation of the equity risk sub-module in accordance with the Solvency Capital Requirement (the "SCR") standard formula to cover the risk arising from changes in the level of equity prices. This adjustment is regulated mainly in Article 106 of the Solvency II Directive (2009/138/EC); Article 172 of the Solvency II Delegated Act (2015/35/EU) as well as in the Implementing Technical Standards on the equity index for the symmetric adjustment of the equity capital charge (Commission Implementing Regulation 2015/2016/EU).

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