Regulatory Alerts2024-06-26
FINMA Circular 2016/4: Insurance Groups and Conglomerates
The Swiss Financial Market Supervisory Authority (FINMA) issues this circular to regulate the supervision, organization, structure, and reporting obligations of insurance groups and conglomerates. It establishes criteria for FINMA's group supervision, mandates detailed reporting on organizational control structures and material shareholding changes, and requires the submission of consolidated financial statements and internal audit reports. The document also outlines specific deadlines for these disclosures and defines the legal framework for intra-group transactions and financial situation reporting.
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