+ANNEX Calculation methodology for Method 2 pursuant to Directive 2002/87/EC Deduction and aggregation method
---+1. the sum of the own funds ( OF i ) of each regulated and non-regulated financial sector entity ( …
---+2. the sum of the solvency requirements (REQi) for each regulated and non-regulated financial …

ANNEX Calculation methodology for Method 2 pursuant to Directive 2002/87/EC Deduction and aggregation method

ANNEX

Calculation methodology for Method 2 pursuant to Directive 2002/87/EC

Deduction and aggregation method

1. Overview

,
1. the sum of the own funds ( OF i ) of each regulated and non-regulated financial sector entity ( …

1.

the sum of the own funds (OFi ) of each regulated and non-regulated financial sector entity (i) in the financial conglomerate; the elements eligible are those which qualify in accordance with the relevant sectoral rules; and
2. the sum of the solvency requirements (REQi) for each regulated and non-regulated financial …

2.

the sum of the solvency requirements (REQi) for each regulated and non-regulated financial sector entity (i) in the group (G); the solvency requirements shall be calculated in accordance with the relevant sectoral rules; and the book value (BVj) of the participations in other entities (j) of the group.

In the case of non-regulated financial sector entities, a notional solvency requirement shall be calculated in accordance with Article 12. Own funds and solvency requirements shall be taken into account for their proportional share (x) as provided for in Article 6(4) of Directive 2002/87/EC and in accordance with Annex I to that Directive.

The difference shall not be negative.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
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