Regulatory Alerts2019-12-17
Added · Updated
Commission Delegated Regulation (EU) 2020/442 correcting Delegated Regulation (EU) 2015/35 on Solvency II
The European Commission corrects Delegated Regulation (EU) 2015/35 to fix an erroneous reference in Article 84(4) that incorrectly exempted certain collective investment undertakings from the look-through approach, thereby ensuring they are subject to it by default. The Commission also replaces the 'Risk weights for flood risk' table in Annex X with updated parameters covering 124 risk zones for the United Kingdom. These corrections apply to insurance and reinsurance undertakings and are effective from 8 July 2019.