EIOPA · 135
135
- Regulation
- Guidelines on submission of information to NCAs (Preparatory phase)
- Article
- 35
- Submitted
- 2015-01-27
- Answered
- 2019-10-31
Question
In your answer to questions 32 and 33 you state that the correct formula for A14C is A10 + A13 – A11 – A12 + A14A on template S.25.01.
Should this be B10 + A13 – A11 – A12 + A14A - i.e. using the Gross Basic SCR rather than the Net Basic SCR (otherwise the Loss Absorbing Capacity of Technical Provisions are deducted twice)?
Answer
Please see answer to Question 8. In fact it should be B10. Please note that the answer to Q32 and Q33 will be amended.
This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
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