Regulatory Alerts2022-02-23
Finansinspektionen’s regulations regarding the EUR rate in the area of insurance
Finansinspektionen issued regulations establishing the specific exchange rate methodology for converting Euro amounts to Swedish kronor within the insurance and occupational pension sectors. The rules mandate that the conversion rate be determined by the value published in the Official Journal of the European Union, referencing the final day of October for each calendar year. These provisions apply to various Swedish insurance and pension acts and entered into force on 1 November 2020.
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