Question ID: 1396
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Status: Final
Date of submission: 09 Nov 2017
Question
Is the Linear MCR for composite undertakings always equal to the sum of the four linaer formula components (being C0010/R0010, C0020/R0010, C0070/R0200, C0080/R0200)?
EIOPA answer
The amount to be reported in R0300 "Linear MCR" is not the sum of the cells C0010 and C0020/R0010 with C0070 and C0080/R0200. The calculation needs to follow the Article 249 of Delegated Regulation. The template includes basic information relevant for the purposes of the supervision of the MCR, is not a template for calculation of the MCR.