Commission Delegated Regulation (EU) 2015/35Show full title

Article 248 U.K. Minimum Capital Requirement

1. The Minimum Capital Requirement shall be equal to the following:

where:

(a)

MCR_combined denotes the combined Minimum Capital Requirement;

(b)

AMCR denotes the absolute floor referred to in Article 129(1)(d) of Directive 2009/138/EC and in Article 253 of this Regulation.

2. The combined Minimum Capital Requirement shall be equal to the following:

where:

(a)

MCR_linear denotes the linear Minimum Capital Requirement, calculated in accordance with Articles 249 to 251;

(b)

SCR denotes the Solvency Capital Requirement, calculated in accordance with Chapter V or in accordance with Chapter VI where approval for the use of full or partial internal model has been granted.