|
+Article 35 8. |
Article 35 8.For the purposes of paragraphs 6 and 7, as part of the supervisory review process, supervisory authorities shall assess whether the submission of information would be overly burdensome in relation to the nature, scale and complexity of the risks of the undertaking, taking into account, at least:
(a)
the volume of premiums, technical provisions and assets of the undertaking;
(b)
the volatility of the claims and benefits covered by the undertaking;
(c)
the market risks that the investments of the undertaking give rise to;
(d)
the level of risk concentrations;
(e)
the total number of classes of life and non-life insurance for which authorisation is granted;
(f)
possible effects of the management of the assets of the undertaking on financial stability;
(g)
the systems and structures of the undertaking to provide information for supervisory purposes and the written policy referred to in paragraph 5;
(h)
the appropriateness of the system of governance of the undertaking;
(i)
the level of own funds covering the Solvency Capital Requirement and the Minimum Capital Requirement;
(j)
whether the undertaking is a captive insurance or reinsurance undertaking only covering risks associated with the industrial or commercial group to which it belongs. 1. Prezentare generală
1.1 Referințe1.2 Cerințe identificate1.3 Standarde asociate2. Cerințe identificate
3. Standarde asociate
|