Regulatory Alerts2025-10-03
Added · Updated
GFSC Guidance Note Solvency 2: Applying EIOPA's Set 1 Guidelines
The Gibraltar Financial Services Commission issued this guidance note to require insurance and reinsurance undertakings to comply with EIOPA's Set 1 Solvency II Guidelines. The document provides specific commentary on the classification of own-funds, the treatment of ancillary own-funds, ring-fenced funds, and related undertakings. It further clarifies expectations for group solvency calculations and the supervision of groups with third-country parents.