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The Amendments To The Regulations The Rules For "supplementary Supervision For Insurance Undertakings Or Reinsurance Companies Adjusted Solvency Margin And Adjusted The Calculation Of Own Funds And For Providing Information On Additional Super-Power

Original Language Title: Grozījumi "Normatīvajos noteikumos par papildu uzraudzībai pakļautās apdrošināšanas sabiedrības vai pārapdrošināšanas sabiedrības koriģētās maksātspējas normas un koriģēto pašu līdzekļu aprēķināšanas kārtību un par informācijas sniegšanu par papildu uzrau

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Financial and capital market Commission, the provisions of regulations No 127, Riga, 7 June 2013 (financial and capital market Commission Council meeting Protocol No 22 p. 2)
The amendments to the "Regulatory rules on the supplementary supervision of insurance undertakings under reinsurance companies adjusted solvency margin and adjusted the calculation of own funds and for providing information on the supplementary supervision of insurance undertakings under reinsurance groups in society or mutual transactions" Issued under the supervision of insurance companies and the law of the third paragraph of article 131 and 132. the first paragraph of article 90 of the law and reinsurance. the third paragraph of article and article 91 the first subparagraph to make financial and capital market Commission 22 May 2009. legislative provisions No. 64 "the legislative provisions concerning the supplementary supervision of insurance undertakings under reinsurance companies adjusted solvency margin and adjusted the calculation of own funds and for providing information on the supplementary supervision of insurance undertakings under reinsurance community groups or transactions between" the following amendments: 1. Express 2.2. by the following: "2.2. intermediate insurance holding companies, financial holding company, a mixed state not member of the insurer or reinsurer subsidiary." 2. Express 5.2 and 5.3 points as follows: "5.2 the insurance undertaking or reinsurance undertaking is a related undertaking of the insurance holding company registered in Latvia or a mixed financial holding company, which has registered a subsidiary in Latvia, which in accordance with the requirements of these provisions make the adjusted solvency margin and adjusted the calculation of own funds of an insurance company or a reinsurance company and its related companies; 5.3. the insurance undertaking or reinsurance undertaking is a related undertaking of an insurance undertaking, a reinsurance undertaking, an insurance holding company or a mixed financial holding company, which registered in the Member State in which the insurer or reinsurer for Supervisory Commission has concluded an agreement that Member insurer or reinsurer Observatory carries out additional surveillance, and this insurance company, reinsurance company, insurance holding company or a mixed financial holding company included it in its adjusted solvency margin and adjusted the calculation of own funds. " 3. Express 6.2 the following wording: "6.2. Latvia has registered another insurance holding company of the same mixed financial holding company, not a member of the insurer or reinsurer is not a Member State of the subsidiary with a larger total amount of assets in the parent company shall submit to the Commission an adjusted solvency margin and adjusted the calculation of own funds, which includes all in Latvia registered subsidiaries, and with the authorization of the Commission, the insurance undertaking or reinsurance undertaking is exempted from parent company adjusted solvency margin and adjusted the calculation of own funds." 4. Make point 7 by the following: 7. The insurance undertaking or reinsurance undertaking, which is both the company's participation in at least one insurance undertaking, reinsurance undertaking, a foreign insurer or reinsurer and foreign insurance holding company, a financial holding company, a mixed state not member of the insurer or reinsurer's subsidiary company, prepare an adjusted solvency margin and adjusted the calculation of own funds of an insurance undertaking or a reinsurance undertaking and its affiliates as well as the parent company and its affiliates only the parent company level. " 5. Express 9.2 9.3 points and the following wording: "9.2. insurance undertakings or reinsurance undertakings, insurance holding company which is a mixed financial holding company, not a member of the insurer or reinsurer is not a Member State of the subsidiary company, solvency margin and own funds, the application of this provision in paragraph 12 of the principle of proportionality; 9.3. the insurance or reinsurance undertaking of the parent company, which is an insurance holding company, a mixed financial holding company, not a member or not a Member State the reinsurers, insurer solvency requirements and own funds, as well as the proportionate share of parent company other related companies, which are the insurance company, reinsurance company, a foreign insurer or reinsurer, the foreign component of the available solvency margin and the same products; ". 6. Make paragraph 10 by the following: ' 10. If the insurance undertaking or reinsurance undertaking is a membership society for another insurance company, reinsurance company, a foreign insurer or reinsurer with a foreign, insurance holding company or mixed financial holding company, insurance holding company or the mixed financial holding company shall be included in the own funds calculation. " 7. Add to 15.3 points behind the words ' ' ' ' insurance holdings with the words ' ' and mixed financial holding company of ' '. 8. Make the following paragraph 16: "16. Adjusted solvency margin and adjusted to be included in the calculation of own funds of the insurer of the Member States, the Member States of the reinsurer intermediate insurance holding companies and mixed financial holding company solvency margin and own funds is determined in accordance with the requirements of the home State. In cases where the host country is not a specific requirement of the insurance holding company or mixed financial holding company and the solvency margin calculation of own funds, the insurance holding company or mixed financial holding company solvency margin and own funds is determined in accordance with the provisions of paragraph 15.3. " 9. Supplement 17.3. point after the words ' ' ' ' insurance holding company with the words ' ' or mixed financial holding company ' '. 10. To express such paragraph 21.2:21.2. company way "according to the following groupings: life insurance, non-life insurance company, reinsurance company, insurance holding company, a mixed financial holding company, insurance holding company, multidisciplinary, other company; ' '. Financial and capital market Commission President k. Zakuli States