EIOPA · 1710
1710
- Regulation
- (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
- Article
- 180
- Submitted
- 2018-11-11
- Answered
- 2019-09-12
Question
The parameters specified in article 180 (14) of (EU) 2015/35 introduces jumps at at some of the kinks of the parameter funtion. For instance, a qulifying corporate infrastructure investment with CQS 2 and duration of 15 could have a stress factor of 9.78 when calculated as 7.88 + (15-10)*0.38 or a stress factro of 9.75 when calcualted as 9.75 + (15-15)*0.38. Which one is correct?
Answer
In the context of Article 180(14) of Commission Delegated Regulation (EU) 2015/35 "up to 15" means 15.
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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