Regulatory Alerts2011-01-01 | FIN-FSA Regulations and guidelines 1/2011Submission of Machine-Readable Supervisory Data by Insurance Market Entities to the Financial Supervision Authority
The Financial Supervision Authority (FIN-FSA) issued Regulations and Guidelines 1/2011, amended as of May 2025, requiring insurance market entities to submit machine-readable supervisory data in a verified and accurate manner. The regulations mandate that supervised entities prepare dated, dual-signed declarations confirming data accuracy, maintain clear reporting processes, and update these declarations whenever procedural changes occur. Continued submission of erroneous data triggers written clarification requests and potential administrative sanctions, supported by standardized reporting templates and consultation feedback.
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