Regulatory Alerts2017-06-08
Insurance Undertakings Deckungsstock List Regulation
The Austrian Financial Market Authority issued this regulation to mandate the specific data reporting requirements for assets dedicated to the Deckungsstock by insurance undertakings. It establishes detailed minimum information standards across eight annexes for asset categories including bonds, equities, investment funds, and cash, requiring precise identification codes and valuation metrics. The regulation further stipulates data backup procedures to ensure traceability and compliance with legal retention periods under the 2016 Insurance Supervision Act.
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