Regulatory Alerts2017-04-10
Added · Updated
Regulation on Fees for Trustees of Insurance Undertakings
The Financial Market Authority (FMA) issued this regulation to establish the remuneration fees for trustees monitoring the Deckungsstock of insurance undertakings. It defines the assessment base as year-end assets and sets specific annual function fee amounts for trustees and their deputies based on tiered asset brackets. Insurance undertakings are required to reimburse the FMA for these fees on a semi-annual basis, with payments due on July 1 and January 1.
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