Kommunal Landspensjonskasse Approved ancillary own funds as Tier 2 capital (0086D)
21 Junho 2019 - 4:03AM
UK Regulatory
TIDM41CO
RNS Number : 0086D
Kommunal Landspensjonskasse
21 June 2019
21.06.2019
The Norwegian FSA have approved ancillary own funds as Tier 2
capital under Solvency 2 for another 4 years.
The Norwegian FSA (Finanstilsynet) recognises KLPs right to call
for equity contribution as ancillary own funds, qualified as Tier 2
capital under Solvency 2, for another 4 years until 31. December
2023.
The Norwegian FSA (Finanstilsynet) assumes the same method to
calculate the ancillary own funds as in the current period, and
should still be limited to 2.5% of the total premium reserves, at
any time.
Contact persons:
Aage Schaanning, CFO +47 905 24 312
Oliver Siem, Director +47 934 31 820
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END
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