5
Recovery Plan and Finance Scheme
5.1
Any recovery plan or finance scheme must at least include particulars or evidence concerning the following:
- (1) estimates of management expenses, in particular current general expenses and commissions;
- (2) estimates of income and expenditure in respect of direct business, reinsurance acceptances and reinsurance cessions;
- (3) a forecast balance sheet;
- (4) estimates of the financial resources intended to cover the technical provisions and the SCR and the MCR; and
- (5) the firm’s overall reinsurance policy.
[Note: Art. 142(1) of the Solvency II Directive]
- 01/01/2016