EIOPA · 989
989
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35, 253
- Submitted
- 2017-04-27
- Answered
- 2019-09-24
Question
When a composite undertaking is subject to paragraph 2 of the Article 253 of the Delegated Acts (the gross written premiums for non-life insurance business do not exceed 10 % of total gross written premiums of the undertaking as a whole), what shall be reported in cell C0140/R0550 of the QRT S.28.02 (notional AMCR for Non-life)? Shall it be a nil amount? Or shall it still correspond to 2500000€?
Answer
In cell C0140/R0550 of the QRT S.28.02 shall be reported EUR 2 500 000 which is the amount defined in article 129(1)d(i) of Directive 2009/138/EC.Only in C0130/R0350 Article 253 of the Delegated regulation should be taken into account for the calculation of the Minimum Capital Requirement.
The Instructions of S.28.02.C0130/R0350 should have referred also to Article 253 of the Delegated Regulation.
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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