Regulatory Alerts2021-01-01 | FIN-FSA Regulations and guidelines 9/2021Basis for Calculating the Liability of Funeral and Divorce Benefit Funds
The Finnish Financial Supervisory Authority (FIN-FSA) issued Regulation and Guidelines 9/2021, effective January 1, 2022, establishing the actuarial calculation basis for the liabilities of funeral and divorce benefit funds. The document specifies the technical calculations and underlying assumptions required for these specific insurance entities to ensure accurate financial reporting. Although the full text is only available in Finnish and Swedish, the regulation mandates compliance with these new actuarial standards for the affected funds.
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