EIOPA · 1644 - Clarification of "materially alter" in Article 16b
Other
- Regulation
- (EU) No 2017/2359 - info requirements and conduct of business rules applicable
- Article
- 16
- Topic
- Other
- Submitted
- 2018-07-10
- Answered
- 2019-09-04
Question
Article 16 of Delegated Regulation 2017/2359 - can EIOPA provide some practical examples for the notion of “materially alter” in (b)?
Answer
EIOPA intentionally used the same terminology in its Guidelines on this topic and provided some further explanation and examples in paragraphs 1.48 and 149 of the explanatory text to Guideline 2(a), which are also considered relevant in relaton to Article 16.
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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