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

Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (Text with EEA relevance)

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Article 248Minimum Capital Requirement

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

where:

(a)

MCRcombined 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)

MCRlinear 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.

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