Insurance EuropeInsurance Europe
Position Paper
Letter to the Commission on the cancellation of dividends for Own Funds

Following EIOPA’s pre-consultation on the provisions for the automatic cancellation of dividend payments relating to ordinary share capital when the undertakings are in breach of their SCR, Insurance Europe would like to reiterate its concerns on this particular topic, which had been raised among other issues in a previous letter addressed to the Commission, regarding the October 2011 implementing measures.

Published 24 July 2012
Olav Jones
Olav Jones
Deputy director general/Director, economics & finance