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Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Version date: 18 January 2015 - onwards
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Article 66 Specification of amount relating to an unlimited amount of ancillary own funds

1. The supervisory authorities shall not approve an unlimited amount of ancillary own funds.

2. Where the supervisory authorities approve an amount of ancillary own funds, the decision of the supervisory authorities shall specify whether the amount that has been approved is the amount for which the insurance or reinsurance undertaking has applied or a lower amount.

Comparing proposed amendment...