Question ID: 1291
Regulation Reference: (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Article: 174
Status: Final
Date of submission: 12 Mar 2018
Question
We run a timber fund, investing in forests (not leveraged). Our investors want to know whether timber can be treated the same way as real estate with a capital charge of 25%.
Would this also apply to agricultural land?
EIOPA answer
Notwithstanding any potential consequences resulting from the own risk and solvency assessment and the supervisory review process, silvicultural properties and agricultural land should be covered in the property risk sub-module.