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EIOPA finalises proposed changes to SCR Standard Formula


On 28 February EIOPA finalised its second and last set of Advice to the European Commission on Solvency Capital Requirement (SCR) standard formula changes. The Advice includes proposed changes to the design and / or calibration of some elements of the standard formula, together with some additional simplifications. 

It follows on the first set of Advice published in October 2017. This paper covers both sets of Advice. The European Commission will now consider the Advice and finalise its review by December 2018.

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