Regulatory AlertsFinansinspektionen's regulations regarding the EUR rate in the area of insurance
Finansinspektionen mandates that insurance undertakings and mutual benefit societies use the Riksbank's EUR exchange rate from the final business day in October for insurance-related calculations. The regulations specify that this rate must be applied as of 31 December 2011. Furthermore, the document establishes that as of 31 December 2012, one EUR corresponds to 8.62 SEK.
Finansinspektionen's regulations regarding the EUR rate in the area of insurance
In force from 2011-12-31
Summary
Every year, Finansinspektionen determines the EUR exchange rate that insurance undertakings and mutual benefit societies shall use when making insurance-related calculations. The EUR exchange rate is the Riksbank's rate on the final day of business in October. The undertakings shall apply the rate as of 31 December 2011.
Amendments
As of 31 December 2012, EUR 1 shall correspond to SEK 8.62 when applying the provisions set out in these regulations. Amendment 2012:8
Documents
FFFS 2011:48
Changes
Number
FFFS 2012:8
Date
2013-01-01
Heading
FFFS 2012:8