Regulatory Alerts2008-11-20
FINMA Circular 2008/36 on the Operating Statement for Occupational Pension Provision
The Swiss Financial Market Supervisory Authority (FINMA) issued Circular 2008/36 to concretize regulatory requirements for the operating statement of occupational pension business (BV) conducted by private life insurers. The document mandates the separation of BV assets, defines the technical breakdown of results to ensure a minimum 90% payout quota, and establishes detailed reporting formats including the balance sheet, income statement, and supplementary reports. Insurers are required to submit these audited documents, along with a disclosure proposal, to FINMA by April 30 of the following year.
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