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SituationInsurer A enters a contract with Firm B (not necessarily an insurance or a regulated entity).The contract stipulates that, if any of the three events defined below occur at any time within the next 3 years, Firm B is committed to buying for €10 million new shares of Insurer A (conducting to a capital increase for Insurer A); the new shares are generally issued with a discount (e.g. 5%) on the average market price recorded on the trading days following the event. In such case, Firm B has to provide the cash to Insurer A within a predefined timeline (e.g. 10 days).Event 1: Firm A occurs a technical loss above a threshold (e.g. € 1m) for a specific event (e.g. NatCat).Event 2: The loss ratio of a given LoB is higher than 120% for 2 consecutive semesters.Event 3:  The share price of Insurer A falls below a given value. Question : Should this contingent capital operation :(i)    be included in the own funds as an AOF, after supervisory approval ?(ii)    be accounted for in the Standard Formula or Internal Model as a way to decrease the SCR?