Regulatory Alerts2015-09-30
Added · Updated
Commission Delegated Regulation (EU) 2016/467 amending Regulation (EU) 2015/35 on regulatory capital requirements for insurance undertakings
The European Commission amends Delegated Regulation (EU) 2015/35 to introduce a new asset class for qualifying infrastructure investments, allowing insurance and reinsurance undertakings to benefit from reduced risk charges in the spread and equity risk sub-modules. The regulation defines specific criteria for infrastructure project entities, mandates a 30% stress calibration for infrastructure equities, and reclassifies exposures traded on multilateral trading facilities as type 1 equities. Additionally, it corrects drafting errors regarding the valuation of related undertakings, strategic participations in financial institutions, and aggregate statistical data reporting periods.
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