Regulatory Alerts2015-10-05
Decree of Národná banka Slovenska No 12/2015 on Investment Limits for Technical Provisions
Národná banka Slovenska issued Decree No 12/2015 to establish specific investment limits for assets covering technical provisions of insurance undertakings subject to a special regime. The decree defines maximum percentages for various asset classes, including bonds, shares, mutual funds, real property, and loans, with stricter caps applied to issuers outside the EU, OECD, or IMF lending arrangement states. These limits are calculated separately for life and non-life insurance technical provisions and entered into force on 1 January 2016.
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