The Council of the European Union has published a corrigendum to Delegated Regulation (EU) 2018/1221, correcting a mistranslation in the Slovenian language version of the rules on capital requirements for securitisations held by insurance and reinsurance undertakings. The correction, issued on 8 July 2026, replaces the word 'osnovnih' (basic) with 'temeljnih' (underlying) in Article 178a(2) of Delegated Regulation (EU) 2015/35, as amended by the 2018 regulation.
The corrigendum addresses a textual error in the Slovenian version of the provision that specifies the conditions under which the capital requirement rules apply to simple, transparent, and standardised (STS) securitisations. The corrected text now states that paragraph 1 applies only where no new underlying exposures have been added or replaced after 31 December 2018. This aligns the Slovenian version with the intended meaning of other language versions.
The correction ensures legal clarity and consistency for Slovenian-speaking stakeholders, including insurance and reinsurance undertakings, regulators, and legal professionals. By fixing the translation error, the corrigendum prevents potential misinterpretation of the conditions for applying the capital requirement rules, thereby maintaining the regulatory framework's integrity. The change has no substantive impact on the policy itself, as it merely corrects a linguistic error without altering the underlying regulatory requirements.