Commission Delegated Regulation (EU) 2015/35Dangos y teitl llawn

(2) The items on the aggregation list shall meet the following requirements: U.K.

(a)

they shall cover each of the units of the partial internal model;

(b)

[F1 they include each of the following sub-modules of the standard formula excluding those within the scope of the partial internal model:]

i.

the sub-modules of the non-life underwriting risk module set out in Article 114(1);

ii.

the sub-modules of the life underwriting risk module set out in Article 105(3) of Directive 2009/138/EC;

iii.

the sub-modules of the health underwriting risk module set out in Article 151(1);

iv.

the sub-modules of the market risk module set out in Article 105(5) of Directive 2009/138/EC;

(c)

[F1 they include the counterparty default risk module of the standard formula unless it is within the scope of the partial internal model.]

Textual Amendments

F1 Substituted by Commission Delegated Regulation (EU) 2016/467 of 30 September 2015 amending Commission Delegated Regulation (EU) 2015/35 concerning the calculation of regulatory capital requirements for several categories of assets held by insurance and reinsurance undertakings (Text with EEA relevance).

However, where none of the sub-modules of a module of the standard formula are within the scope of the partial internal module, the aggregation list shall include that module instead of its sub-modules.