Solvency II
Undertakings in difficulty – Solvency II

Solvency II Art.139: Arts 139, 142, 144 On MCR breach: inform immediately, file a finance scheme within one month, restore within three

What does Art.139 require?

Undertakings must inform the supervisor immediately when the MCR is no longer met or a breach is likely within three months, and within one month submit for approval a realistic short-term finance scheme to restore eligible basic own funds to the MCR or reduce risk within three months of observation. The supervisor may restrict or prohibit free disposal of assets, and must withdraw authorisation if the scheme is manifestly inadequate or not complied with within three months.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

Other controls in Undertakings in difficulty – Solvency II

Query this from an agent

The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.