Part 8 Valuation of assets and liabilities, technical provisions, own funds, solvency capital requirement, minimum capital requirement and investment rules (regs. 82-140)

AI Summary of Part 8 Valuation of assets and liabilities, technical provisions, own funds, solvency capital requirement, minimum capital requirement and investment rules (regs. 82-140)

Version status: | Document consolidation status: Updated to reflect all known changes

Version date: 4 November 2015 - onwards

		Future version	Amendment requiring commencement	Draft proposed change
	Chapter 1 Valuation of assets and liabilities (reg. 82)
	Regulation 82 Valuation of assets and liabilities
	Chapter 2 Technical provisions (regs. 83-101)
	Regulation 83 General provisions
	Regulation 84 Calculation of technical provisions
	Regulation 85 Extrapolation of relevant risk-free interest rate term structure
	Regulation 86 Matching adjustment to relevant risk-free interest rate term structure
	Regulation 87 Calculation of matching adjustment
	Regulation 88 Volatility adjustment to relevant risk-free interest rate term structure
	Regulation 89 Technical information produced by EIOPA
	Regulation 90 Review of long-term guarantee measures and measures on equity risk
	Regulation 91 Other elements to be taken into account in calculation of technical provisions
	Regulation 92 Valuation of financial guarantees and contractual options included in insurance and reinsurance contracts
	Regulation 93 Segmentation
	Regulation 94 Recoverables from reinsurance contracts and special purpose vehicles
	Regulation 95 Data quality and application of approximations, including case-by-case approaches, for technical provisions
	Regulation 96 Comparison against experience
	Regulation 97 Appropriateness of level of technical provisions
	Regulation 98 Increase of technical provisions
	Regulation 99 Transitional measure on risk-free interest rates
	Regulation 100 Transitional deduction
	Regulation 101 Phasing-in plan on transitional measures
	Chapter 3 Own funds (regs. 102-112)
	Determination of own funds (regs. 102-106)
	Regulation 102 Own funds
	Regulation 103 Basic own funds
	Regulation 104 Ancillary own funds
	Regulation 105 Supervisory approval of ancillary own funds
	Regulaion 106 Surplus funds
	Classification of own funds (regs. 107-111)
	Regulation 107 Characteristics and features used to classify own funds into tiers
	Regulation 108 Main criteria for classification into tiers
	Regulation 109 Transitional provision for own funds
	Regulation 110 Classification of own funds into tiers
	Regulation 111 Classification of specific insurance own-fund items
	Eligibility of own funds (reg. 112)
	Regulation 112 Eligibility and limits applicable to Tiers 1, 2 and 3
	Chapter 4 Solvency Capital Requirement (regs. 113-138)
	General provisions (regs. 113-115)
	Regulation 113 General
	Regulation 114 Calculation of Solvency Capital Requirement
	Regulation 115 Frequency of calculation etc
	Standard formula (regs. 116-124)
	Regulation 116 Structure of standard formula
	Regulation 117 Design of Basic Solvency Capital Requirement
	Regulation 118 Transitional provisions on standard parameters
	Regulation 119 Calculation of Basic Solvency Capital Requirement
	Regulation 120 Calculation of equity risk sub-module: symmetric adjustment mechanism
	Regulation 121 Capital requirement for operational risk
	Regulation 122 Adjustment for loss-absorbing capacity of technical provisions and deferred taxes
	Regulation 123 Simplifications in standard formula
	Regulation 124 Significant deviations from assumptions underlying standard formula calculation
	Internal model (regs. 125-138)
	Regulation 125 General provisions for approval of full and partial internal models
	Regulation 126 Specific provisions for approval of partial internal models
	Regulation 127 Policy for changing full and partial internal models
	Regulation 128 Responsibilities of board of directors
	Regulation 129 Reversion to standard formula
	Regulation 130 Non-compliance
	Regulation 131 Significant deviations from assumptions underlying standard formula calculation
	Regulation 132 Use test
	Regulation 133 Statistical quality standards
	Regulation 134 Calibration standards
	Regulation 135 Profit and loss attribution
	Regulation 136 Validation standards
	Regulation 137 Documentation standards
	Regulation 138 External models and data
	Chapter 5 Minimum Capital Requirement (regs. 139-140)
	Regulation 139 General provisions
	Regulation 140 Calculation of Minimum Capital Requirement

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AI Summary of Part 8 Valuation of assets and liabilities, technical provisions, own funds, solvency capital requirement, minimum capital requirement and investment rules (regs. 82-140)

Part 8 Valuation of assets and liabilities, technical provisions, own funds, solvency capital requirement, minimum capital requirement and investment rules (regs. 82-140)