Regulatory Alerts2015-10-20
Decree No 15/2015 on Valuation of Securities and Real Estate Covering Technical Provisions for Insurance Undertakings under Special Regime
Národná banka Slovenska mandates that insurance undertakings under a special regime must value securities and real estate covering technical provisions at arm's length transaction amounts. The decree permits alternative valuation approaches provided they comply with International Accounting Standards and remain compatible with the prescribed market-based method. These valuation requirements enter into force on 1 January 2016 to standardize asset pricing for regulatory solvency coverage.
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