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)

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.