Examples of using Partial internal in English and their translations into Slovak
{-}
-
Colloquial
-
Official
-
Medicine
-
Financial
-
Ecclesiastic
-
Official/political
-
Computer
-
Programming
Specific provisions for approval of partial internal models.
A full or partial internal model in accordance with Articles 112 and 113;
Article 115 Policy for changing the full and partial internal models.
(2) Such an undertaking may use partial internal models for the calculation of one or more of the following.
The supervisory process for approving full and partial internal models;
However, if the undertaking already uses an approved full or partial internal model for the calculation of the SCR, the output of the model should be used in the ORSA.
Subsection 3 Solvency capital requirement full and partial internal models.
Insurance and reinsurance undertakings may use partial internal models for the calculation of one or more of the following.
Subsection 3- Solvency capital requirement- full and partial internal models.
With respect to the use of partial internal models additional requirements are introduced that are designed to prevent cherry-picking by(re)insurance undertakings(see Article 111).
General provisions for approval of full and partial internal models.
In the case of a partial internal model, supervisory approval shall only be given if that model complies with the requirements set out in Article 110 and the following additional conditions.
The ORSA does not require an undertaking to develop or apply a full or partial internal model.
In the case of a partial internal model, supervisory approval shall be given only where that model fulfils the requirements set out in Article 112 and the following additional conditions.
Solvency Capital Requirement- for undertakings using the standard formula and partial internal model.
When the request for approval concerns a partial internal model, the requirements set out in articles 174-187 are adapted to take account of the limited scope of the model.
The adaptations to be made to the standards set out in Articles 120 to125 in light of the limited scope of the application of the partial internal model;
Where the application for that approval relates to a partial internal model, the requirements set out in Articles 118 to 123 shall be adapted to take account of the limited scope of the application of the model.
The adaptations to be made to the standards set out in Articles 120 to125 in light of the limited scope of the application of the partial internal model;
Where the application for that approval relates to a partial internal model, the requirements set out in Articles 120 to 125 shall be adapted to take account of the limited scope of the application of the model.
The adaptations to be made to the standards set out in Articles 118 to 123 in order totake account of the limited scope of the application of the partial internal model.
(5) Where the application for approval relates to a partial internal model, the requirements set out in Regulations 132 to 137 shall be adapted to take account of the limited scope of the application of the model.
(1) An insurance undertaking or reinsurance undertaking may calculate itsSolvency Capital Requirement using a full or partial internal model as approved by the Bank.
In case of material deficiencies in the full or partial internal model or material governance failures the supervisory authorities should ensure that the undertaking concerned makes all efforts to remedy the deficiencies that led to the imposition of the capital add-on.
(1) An insurance undertaking may use, with the permission of the Financial Supervision Authority,in the calculation of the Solvency Capital Requirement the internal model or the partial internal model.
In the event of significant deficiencies in the full or partial internal model or significant governance failures the supervisory authorities should ensure that the undertaking concerned makes every effort to remedy the deficiencies that led to the imposition of the capital add-on.
