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Commission Implementing Regulation (EU) 2015/2012Show full title
Commission Implementing Regulation (EU) 2015/2012 of 11 November 2015 laying down implementing technical standards with regard to the procedures for decisions to set, calculate and remove capital add-ons in accordance with Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance)
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Changes over time for: Article 7
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Commission Implementing Regulation (EU) 2015/2012, Article 7 is up to date with all changes known to be in force on or before 21 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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- Regulation revoked by 2023 c. 29 Sch. 1 Pt. 3
Article 7U.K.Maintaining, changing or removing the capital add-on
When considering whether to maintain, change or remove the capital add-on the supervisory authority shall take into account any of the following:
(a)
information submitted by the insurance or reinsurance undertaking during the process of setting and calculating the capital add-on;
(b)
information obtained by the supervisory authority through the supervisory review process and through any subsequent supervisory activity;
(c)
information provided in the progress report if requested by the supervisory authority in accordance with Article 5;
(d)
any other relevant information indicating a material change in the circumstances that led to the setting of the capital add-on.
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