Regulatory Alerts2021-09-10
Added · Updated
Q&A: Use of Ancillary Own Funds in Solvency II
Insurers must obtain prior permission from the supervisory authority to include ancillary own funds in their actual own funds calculation under Solvency II. Applications are submitted via the Digital Reporting Portal using the specific exemption form and must include the required annex. The supervisory authority assesses completeness before conducting a substantive review, with a standard decision period of three months that may be extended to six months.