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Version status: Entered into force | Document consolidation status: No known changes
Version date: 30 December 2019 - onwards
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Article 2 Amendments to Directive 2009/138/EC

Directive 2009/138/EC is amended as follows:

(1) in Article 77d(4), the first sentence is replaced by the following:

'For each relevant country, the volatility adjustment to the risk-free interest rates referred to in paragraph 3 for the currency of that country shall, before the application of the 65 % factor, be increased by the difference between the risk-corrected country spread and twice the risk-corrected currency spread whenever that difference is positive and the risk-corrected country spread is higher than 85 basis points.';

(2) in Article 112, the following paragraph is inserted:

'3a. Supervisory authorities shall inform EIOPA in accordance with Article 35(1) of Regulation (EU) No 1094/2010 of any applications to use or change an internal model. Upon the request of one or more supervisory authorities concerned, EIOPA may provide technical assistance, pursuant to point (b) of Article 8(1) of that Regulation, to the supervisory authority or authorities which requested the assis

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