EIOPA · 1452
1452
- Regulation
- (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
- Article
- 84
- Submitted
- 2018-03-20
- Answered
- 2019-09-06
Question
Additional guideline requested for the appication of the Look Through approach
- First If you are an insurance company and owns e.g. 10% in another insurance company, should you then apply the look-through approach ?- Secondly if in the same situation the 10% share that you own concerns a listed company, would that change the situation in some way ?
Answer
There can be no general answer and one has to look at the question case by case.
If the provisions of Article 84(4) of the Delegated Regulation apply, the question does not arise.
For an equity investment in a "typical" insurance undertaking the look-through approach does not have not to be applied. This does not depend on whether the equities are listed or not.
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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