RegAlert2017-03-01 | NBB_2017_07Added
Circular NBB_2017_07 / Requirements for the use of the Duration-Based Equity risk sub-module
Belgian insurance and reinsurance undertakings must obtain prior individual approval from the National Bank of Belgium to use the Duration-Based Equity risk sub-module (DBE) within the Standard Formula for the Solvency Capital Requirement, which allows a 22% equity shock. The circular defines strict eligibility criteria, including separate administrative and accounting management, a limitation to Belgian portfolios, and specific liquidity and prudent person requirements. It establishes a procedural framework requiring complete applications, a 30-day completeness check, and a three-month decision timeline, while noting that the transitional measure under Article 666 can be applied optionally without prior approval.
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NBB_2017_07 – 1 March 2017 Circular – Page 1/4 14 Berlaimont Boulevard – BE-1000 Brussels tel. +32 2 221 38 12 – fax +32 2 221 31 04 company number: 0203.201.340 RPM Brussels www.bnb.be
Circular
Brussels, 1 March 2017
Reference: NBB_2017_07 your contact:
Kajal Vandenput tel. +32 2 221 51 77 – fax +32 2 221 31 04 kajal.vandenput@nbb.be
Requirements for the use of the "Duration-Based Equity risk sub-module" (Duration-Based Equity risk sub-module) in the context of the SCR according to the standard formula and communication of information to the Bank in the context of the approval request
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Source: National Bank of Belgium — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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