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EIOPA publishes supervisory statement on breaches of the Solvency Capital Requirement

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Published on: 13 July 2021
Published by LNB News

LNB News 13/07/2021

Document Information

Issue Date: 13 July 2021

Published Date: 13 July 2021

Jurisdiction(s): European Union

Article summary

The European Insurance and Occupational Pensions Authority (EIOPA) has published a statement on its supervisory practices and expectations in relation to breaches by insurance and reinsurance undertakings of the Solvency Capital Requirement (SCR). By issuing the statement, EIOPA aims to promote supervisory convergence in the event of such breaches, in particular in relation to the recovery plan required.

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Jurisdiction(s):
European Union

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