Chapter III Rules relating to technical provisions (arts. 17-61)

Comparing proposed amendment...


	Section 1 General provisions (arts. 17-18)
Entered into force	Article 17 Recognition and derecognition of insurance and reinsurance obligations
Amended	Article 18 Boundary of an insurance or reinsurance contract
	Section 2 Data quality (arts. 19-21)
Entered into force	Article 19 Data used in the calculation of technical provisions
Entered into force	Article 20 Limitations of data
Entered into force	Article 21 Appropriate use of approximations to calculate the best estimate
	Section 3 Methodologies to calculate technical provisions (arts. 22-42)
	Subsection 1 Assumptions underlying the calculation of technical provisions (arts. 22-26)
Entered into force	Article 22 General provisions
Entered into force	Article 23 Future management actions
Entered into force	Article 24 Future discretionary benefits
Entered into force	Article 25 Separate calculation of the future discretionary benefits
Entered into force	Article 26 Policyholder behaviour
	Subsection 2 Information underlying the calculation of best estimates (art. 27)
Entered into force	Article 27 Credibility of information
	Subsection 3 Cash flow projections for the calculation of the best estimate (arts. 28-36)
Entered into force	Article 28 Cash flows
Entered into force	Article 29 Expected future developments in the external environment
Entered into force	Article 30 Uncertainty of cash flows
Entered into force	Article 31 Expenses
Entered into force	Article 32 Contractual options and financial guarantees
Entered into force	Article 33 Currency of the obligation
Entered into force	Article 34 Calculation methods
Entered into force	Article 35 Homogeneous risk groups of life insurance obligations
Entered into force	Article 36 Non-life insurance obligations
	Subsection 4 Risk margin (arts. 37-39)
Entered into force	Article 37 Calculation of the risk margin
Entered into force	Article 38 Reference undertaking
Entered into force	Article 39 Cost-of-Capital rate
	Subsection 5 Calculation of technical provisions as a whole (art. 40)
Entered into force	Article 40 Circumstances in which technical provisions shall be calculated as a whole and the method to be used
	Subsection 6 Recoverables from reinsurance contracts and special purpose vehicles (arts. 41-42)
Entered into force	Article 41 General provisions
Entered into force	Article 42 Counterparty default adjustment
	Section 4 Relevant risk-free interest rate term structure (arts. 43-54)
	Subsection 1 General provisions (art. 43)
Amended	Article 43 General provisions
	Subsection 2 Basic risk free interest rate term structure (arts. 44-48)
Entered into force	Article 44 Relevant financial instruments to derive the basic risk-free interest rates
Entered into force	Article 45 Adjustment to swap rates for credit risk
Entered into force	Article 46 Extrapolation
Entered into force	Article 47 Ultimate forward rate
Entered into force	Article 48 Basic risk-free interest rate term structure of currencies pegged to the euro
	Subsection 3 Volatility adjustment (arts. 49-51)
Entered into force	Article 49 Reference portfolios
Entered into force	Article 50 Formula to calculate the spread underlying the volatility adjustment
Entered into force	Article 51 Risk-corrected spread
	Subsection 4 Matching adjustment (arts. 52-54)
Entered into force	Article 52 Mortality risk stress
Entered into force	Article 53 Calculation of the matching adjustment
Entered into force	Article 54 Calculation of the fundamental spread
	Section 5 Lines of business (art. 55)
Entered into force	Article 55 Lines of business
	Section 6 Proportionality and simplifications (arts. 56-61)
Entered into force	Article 56 Proportionality
Entered into force	Article 57 Simplified calculation of recoverables from reinsurance contracts and special purpose vehicles
Entered into force	Article 58 Simplified calculation of the risk margin
Entered into force	Article 59 Calculations of the risk margin during the financial year
Entered into force	Article 60 Simplified calculation of the best estimate for insurance obligations with premium adjustment mechanism
Entered into force	Article 61 Simplified calculation of the counterparty default adjustment

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Chapter III Rules relating to technical provisions (arts. 17-61)

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