Regulatory Alerts2021-11-12
Regulations amending simplified annual accounts rules for insurance undertakings granted dispensation
Finansinspektionen amends its regulations and general guidelines (FFFS 2011:27) to update reporting requirements for insurance associations granted dispensation under the Insurance Business Act. The amendments specify detailed formats for income statements, technical provisions, and multi-year overviews, while introducing new disclosure obligations regarding calculation assumptions and member numbers. These revised rules enter into force on 1 November 2020 to ensure consistent and transparent financial reporting for these specific entities.
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