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