Regulatory Alerts2014-10-06
Regulation on the additional allocation to the volatility reserve (ZZV)
The Financial Market Authority (FMA) issued this regulation to define the calculation and application of additional allocations to the volatility reserve under the Pensionskassen Act. The rules mandate that these allocations must respect past pension adjustments, yield allocations, and specific interest rate and surplus correlations while ensuring the assumed interest rate is not undercut. The regulation also accounts for security-oriented investment groups and capital market conditions, entering into force on 1 January 2013.
Share