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

(1) The Basic Solvency Capital Requirement shall be equal to the following: U.K.

where:

(a)

S_S denotes the capital requirement derived by applying the standard formula for the Basic Solvency Capital Requirement only to the risks not covered by the partial internal model;

(b)

ω ₁ denotes the first implied correlation parameter as set out in paragraph 2;

(c)

P_c denotes the capital requirement reflecting the risks that are both within the scope of the standard formula and the partial internal model, calculated with the partial internal model;

(d)

ω ₂ denotes the second implied correlation parameter as set out in paragraph 3;

(e)

P_s is the capital requirement reflecting the risks within the scope of the partial internal model but not within the scope of the standard formula, calculated with the partial internal model;

(f)

P denotes the capital requirement reflecting the risks that are within the scope of the partial internal model, calculated with the partial internal model.

(g)

SCR_int denotes the capital requirement for intangible asset risk as set out in Article 203.