Chapter VI Rules relating to the valuation of assets and liabilities, technical provisions, own funds, Solvency Capital Requirement, Minimum Capital Requirement and investment rules (arts. 75-135)

Comparing proposed amendment...


	Section 1 Valuation of assets and liabilities (art. 75)
Amended	Article 75 Valuation of assets and liabilities
	Section 2 Rules relating to technical provisions (arts. 76-86)
Entered into force	Article 76 General provisions
Entered into force	Article 77 Calculation of technical provisions
Inserted	Article 77a Extrapolation of the relevant risk-free interest rate term structure
Inserted	Article 77b Matching adjustment to the relevant risk-free interest rate term structure
Inserted	Article 77c Calculation of the matching adjustment
Amended	Article 77d Volatility adjustment to the relevant risk-free interest rate term structure
Inserted	Article 77e Technical information produced by the European Insurance and Occupational Pensions Authority
Inserted	Article 77f Review of long-term guarantees measures and measures on equity risk
Entered into force	Article 78 Other elements to be taken into account in the calculation of technical provisions
Entered into force	Article 79 Valuation of financial guarantees and contractual options included in insurance and reinsurance contracts
Entered into force	Article 80 Segmentation
Entered into force	Article 81 Recoverables from reinsurance contracts and special purpose vehicles
Entered into force	Article 82 Data quality and application of approximations, including case-by-case approaches, for technical provisions
Entered into force	Article 83 Comparison against experience
Entered into force	Article 84 Appropriateness of the level of technical provisions
Entered into force	Article 85 Increase of technical provisions
Amended	Article 86 Delegated acts and regulatory and implementing technical standards
	Section 3 Own funds (arts. 87-99)
	Subsection 1 Determination of own funds (arts. 87-92)
Entered into force	Article 87 Own funds
Entered into force	Article 88 Basic own funds
Entered into force	Article 89 Ancillary own funds
Entered into force	Article 90 Supervisory approval of ancillary own funds
Entered into force	Article 91 Surplus funds
Amended	Article 92 Delegated acts and regulatory and implementing technical standards
	Subsection 2 Classification of own funds (arts. 93-97)
Entered into force	Article 93 Characteristics and features used to classify own funds into tiers
Entered into force	Article 94 Main criteria for the classification into tiers
Entered into force	Article 95 Classification of own funds into tiers
Entered into force	Article 96 Classification of specific insurance own-fund items
Amended	Article 97 Delegated acts and regulatory technical standards
	Subsection 3 Eligibility of own funds (arts. 98-99)
Entered into force	Article 98 Eligibility and limits applicable to Tiers 1, 2 and 3
Amended	Article 99 Delegated acts on the eligibility of own funds
	Section 4 Solvency capital requirement (arts. 100-127)
	Subsection 1 General provisions for the solvency capital requirement using the standard formula or an internal model (arts. 100-102)
Entered into force	Article 100 General provisions
Entered into force	Article 101 Calculation of the Solvency Capital Requirement
Entered into force	Article 102 Frequency of calculation
	Subsection 2 Solvency capital requirement standard formula (arts. 103-111)
Entered into force	Article 103 Structure of the standard formula
Entered into force	Article 104 Design of the Basic Solvency Capital Requirement
Entered into force	Article 105 Calculation of the Basic Solvency Capital Requirement
Draft	Draft Article 105a Long-term equity investments
Entered into force	Article 106 Calculation of the equity risk sub-module: symmetric adjustment mechanism
Entered into force	Article 107 Capital requirement for operational risk
Entered into force	Article 108 Adjustment for the loss-absorbing capacity of technical provisions and deferred taxes
Entered into force	Article 109 Simplifications in the standard formula
Inserted	Article 109a Harmonised technical inputs to standard formula
Entered into force	Article 110 Significant deviations from the assumptions underlying the standard formula calculation
Amended	Article 111 Delegated acts and regulatory and implementing technical standards concerning Articles 103 to 109
	Subsection 3 Solvency capital requirement full and partial internal models (arts. 112-127)
Amended	Article 112 General provisions for the approval of full and partial internal models
Entered into force	Article 113 Specific provisions for the approval of partial internal models
Amended	Article 114 Delegated acts and implementing technical standards concerning the Solvency Capital Requirement internal models
Entered into force	Article 115 Policy for changing the full and partial internal models
Entered into force	Article 116 Responsibilities of the administrative, management or supervisory bodies
Entered into force	Article 117 Reversion to the standard formula
Entered into force	Article 118 Non-compliance of the internal model
Entered into force	Article 119 Significant deviations from the assumptions underlying the standard formula calculation
Entered into force	Article 120 Use test
Entered into force	Article 121 Statistical quality standards
Entered into force	Article 122 Calibration standards
Entered into force	Article 123 Profit and loss attribution
Entered into force	Article 124 Validation standards
Entered into force	Article 125 Documentation standards
Entered into force	Article 126 External models and data
Amended	Article 127 Delegated acts concerning Articles 120 to 126
	Section 5 Minimum capital requirement (arts. 128-131)
Entered into force	Article 128 General provisions
Amended	Article 129 Calculation of the Minimum Capital Requirement
Amended	Article 130 Delegated acts
Amended	Article 131 Transitional arrangements regarding compliance with the Minimum Capital Requirement
	Section 6 Investments (arts. 132-135)
Entered into force	Article 132 Prudent person principle
Entered into force	Article 133 Freedom of investment
Entered into force	Article 134 Localisation of assets and prohibition of pledging of assets
Amended	Article 135 Delegated acts and regulatory technical standards concerning qualitative requirements

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Chapter VI Rules relating to the valuation of assets and liabilities, technical provisions, own funds, Solvency Capital Requirement, Minimum Capital Requirement and investment rules (arts. 75-135)

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