SOLVENCY II: Publication of Delegated Regulation (EU) 2020/442
On 26 March 2020, the Commission's Delegated Regulation (EU) 2020/442 was gazetted in the Official Journal of the European Union.
This Delegated Regulation rectifies Solvency II Delegated Regulation (EU) 2015/35, particularly in the following respects:
The look-through approach for investment funds where they are related to an insurance or reinsurance company
Computation of the solvency capital requirement (SCR) with respect to flood hazards for the United Kingdom region of Great Britain and Northern Ireland.
The Commission's Delegated Regulation came into force on 15 April 2020, with retroactive effect as from 8 July 2019.