324

- As provided by Article 330 (4) (a) of the Commission Delegated Regulation 2015/35, any minority interest in a subsidiary exceeding the contribution of that subsidiary undertaking to the group solvency capital requirement is not available to cover the group solvency capital requirement. Guideline 14 of EIOPA Guidelines on group solvency describes how a participating (re)insurance undertaking, an insurance holding company or a mixed financial holding company should calculate the amount of minority interests to be deducted from the group own funds. Examples are also provided in the explanatory text. The technical annex of EIOPA Guidelines on group solvency describes the contribution of the (re)insurance subsidiary to the group solvency capital requirement. - As provided by Article 330 (4) (b) of the Commission Delegated Regulation 2015/35, any minority interest in a subsidiary ancillary services undertaking shall not be considered available to cover the group solvency capital requirement.