EIOPA · 3360
Solvency Capital Requirement (SCR)
- Regulation
- (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
- Article
- 168, 84
- Topic
- Solvency Capital Requirement (SCR)
- Submitted
- 2025-06-04
- Answered
- 2025-07-28
Question
I understand that funds with no look-through are treated as type 2 equity when calculating their capital charges. It is unclear to me, when calculating the concentration risk, that if there is no additional capital charge for concentration risk for funds with no look-through because their investments cannot be identified. I understand that naturally funds with no look-through bear a high equity capital charge but isn't the excessive capital charge compensated by the potential concentration capital charge from funds with look-through?
Answer
This question has been rejected because it does not relate to the consistent and effective application of the legal framework covered by this Q&A process.
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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