Regulatory Alerts2017-03-17
Added · Updated
Insurance Undertakings Investment Regulation
The Austrian Financial Market Authority (FMA) issued this regulation, establishing quality requirements for investments by insurance and reinsurance undertakings with registered offices in Austria. It mandates comprehensive internal policies for asset-liability management and investments, including requirements for organizational separation, documentation, risk indicators, and credit risk assessments. The regulation also details rules for diversification, securities lending, derivative instruments, and specifies permissible assets and limits for coverage funds (Deckungsstock) to ensure security, quality, liquidity, and profitability of the entire portfolio.
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