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MOTION FOR A RESOLUTION (C(2025)07206 – 2025/2963(DEA))

On the Commission delegated regulation of 29 October 2025 amending Delegated Regulation (EU) 2015/35 as regards technical provisions, long-term guarantee measures, own funds, equity risk, spread risk on securitisation positions, other standard formula capital requirements, reporting and disclosure, proportionality and group solvency

B-10-2026-0056

on behalf of the Verts/ALE Group · Rapporteur: Bas Eickhout

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✦ In short · AI summary of this text, generated 4 Sept 2026

Written by a language model from the full text only; every figure comes from the text. The paragraph links open the paragraph a statement rests on — check the text itself before relying on it.

Parliament objects to the Commission delegated regulation amending Solvency II rules, arguing it deviates from the mandate in Directive (EU) 2025/2 and undermines financial stability.

Key points

  1. Objects to the Commission delegated regulation because it bundles several empowerments without objective justifications for their substantive link.
  2. Criticises the setting of the lambda factor at 0.96 with a floor at 50%, further lowering risk margin requirements beyond EIOPA's recommendation.
  3. Notes the regulation significantly reduces risk factors for senior tranches of non-STS securitisations without providing evidence or market data.
  4. Regrets that the regulation does not include amendments for crypto-assets, despite a mandate and EIOPA advice recommending a 100% capital requirement.
  5. Regrets that the regulation does not reflect higher risks of fossil-fuel exposures, despite EIOPA recommending supplementary capital charges.
  6. Instructs its President to forward the resolution to the Commission and notify it that the delegated regulation cannot enter into force.
  7. Instructs its President to forward the resolution to the Council and to the governments and parliaments of the member states.

Who is affected

  • Insurance and reinsurance undertakings subject to Solvency II, as the regulation would have altered their capital requirements.

Figures and deadlines

  • lambda factor set at 0.96 with a floor at 50%
  • cost-of-capital parameter lowered from 6% to 4.75%
  • risk margin requirements lowered by about 21%
  • supplementary capital requirement of up to 17% for fossil-fuel equity and up to 40% for bonds

Legal basis: Article 290 of the Treaty on the Functioning of the European Union