EIOPA · 1396
1396
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35
- Submitted
- 2017-11-09
- Answered
- 2019-10-08
Question
Is the Linear MCR for composite undertakings always equal to the sum of the four linaer formula components (being C0010/R0010, C0020/R0010, C0070/R0200, C0080/R0200)?
Answer
The amount to be reported in R0300 "Linear MCR" is not the sum of the cells C0010 and C0020/R0010 with C0070 and C0080/R0200. The calculation needs to follow the Article 249 of Delegated Regulation. The template includes basic information relevant for the purposes of the supervision of the MCR, is not a template for calculation of the MCR.
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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