28 January 2016

Solvency II and dividends on ordinary shares

From January 2016, dividends declared on an insurer’s ordinary shares must be cancellable on a breach of the Solvency Capital Requirement (SCR) at any time up until payment if they are to qualify as Tier 1 own funds.

Senior Counsel Daniëlle Pos co-authored a practical outline of what this means in practice and how different jurisdictions have interpreted this requirement.

Click here to download the publication.