Regulatory Alerts2020-09-21
Regulations amending Finansinspektionen’s regulations and general guidelines on insurance business (FFFS 2020:6)
Finansinspektionen amended its regulations regarding insurance business to specify the conditions under which undertakings may use matching-adjusted risk-free interest term structures for calculating life insurance liabilities. The revision also established a precise formula for calculating the volatility adjustment based on risk-corrected currency and country spreads. Additionally, the rules were updated to require specific information regarding board members and directors in applications for authorisation to acquire shares in insurance undertakings.
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