3 Amendments of Antolín SÁNCHEZ PRESEDO related to 2011/0006(COD)
Amendment 358 #
Proposal for a directive
Article 2 – point 15
Article 2 – point 15
Directive 2009/138/EC
Article 77a – paragraph 1
Article 77a – paragraph 1
EIOPA shall publish technical information including the relevant risk-free interest rate term structure. Where EIOPA observes an illiquidity premium in the financial markets in periods of stressed liquidity, information relating to the illiquidity premium, including its size shall also be publishedThis technical information shall allow insurance and reinsurance undertakings to calculate the counter- cyclical premium, specially in periods of stress in financial markets; and the matching premium where the cash flows of the insurance liabilities match with the cash flows of high quality assets for the duration of an insurance contract. EIOPA shall carry out the observation of the illiquiditycounter-cyclical premium and the matching premium, and the derivation of the information oin a transparent, objective and reliable basismanner. Information for all these purposes shall be derived according tofrom methods and assumptions which may include formulae, or determinations made by EIOPA. This shall be done in consistency with the provisions laid out in Article 86 of the present Directive.
Amendment 365 #
Proposal for a directive
Article 2 – point 15
Article 2 – point 15
Directive 2009/138/EC
Article 77a – paragraph 2
Article 77a – paragraph 2
The information referred to in the first paragraph shall be published for each relevant currency on at least a quarterly basis in a manner which is consistent with the methodologies referred to in Article 86.’. Insurance and reinsurance undertakings shall use the relevant risk free interest rate term structure formulae published by EIOPA in accordance with this Article when calculating technical provisions in accordance with this directive.
Amendment 371 #
Proposal for a directive
Article 2 – point 16
Article 2 – point 16
Directive 2009/138/EC
Article 86 – paragraph 1 – point b a (new)
Article 86 – paragraph 1 – point b a (new)
(ba) the insurance contracts for which the matching premium is applicable, the eligibility criteria of the type of assets allowed for backing the insurance liabilities and the method of calculation of the matching premium on an expected default basis;