Article 248
Minimum Capital Requirement
1.
The Minimum Capital Requirement shall be equal to the following:
where:
(a)
MCRcombined denotes the combined Minimum Capital Requirement;
(b)
AMCR denotes the absolute floor referred to in Article 129(1)(d) of Directive 2009/138/EC and in Article 253 of this Regulation.
2.
The combined Minimum Capital Requirement shall be equal to the following:
where:
(a)
MCRlinear denotes the linear Minimum Capital Requirement, calculated in accordance with Articles 249 to 251;
(b)
SCR denotes the Solvency Capital Requirement, calculated in accordance with Chapter V or in accordance with Chapter VI where approval for the use of full or partial internal model has been granted.