Regulatory Alerts2022-02-24
Regulations amending Finansinspektionen’s regulations regarding the EUR rate in the area of insurance
Finansinspektionen, the Swedish financial supervisory authority, issued regulations amending its previous rules (FFFS 2015:22) concerning the application of the EUR exchange rate for mutual benefit societies. The amendment specifically updates the heading of the existing regulations to clarify their applicability to mutual benefit societies under the Insurance Business Act. These revised regulations entered into force on 1 November 2020.
Finansinspektionen’s Regulatory Code Publisher: Finansinspektionen, Sweden, www.fi.se ISSN 1102-7460 This translation is furnished solely for information purposes. Only the printed version of the regulation in Swedish applies for the application of the law. 1 Regulations amending Finansinspektionen’s regulations (FFFS 2015:22) regarding the EUR rate in the area of insurance; decided on 13 October 2020. Finansinspektionen prescribes pursuant to Chapter 7, section 2, second paragraph of the Insurance Business Ordinance (2011:257) that the heading to Finansinspektionen’s regulations (FFFS 2015:22) regarding the EUR rate in the area of insurance shall have the following wording. Finansinspektionen’s regulations regarding the EUR rate for mutual benefit societies Section 1 These regulations apply to the application of the Insurance Business Act (1982:713) as applied by mutual benefit societies pursuant to the Act (2010:2044) on the Implementation of the Insurance Business Act (2010:2043).
These regulations shall enter into force on 01 November 2020. ERIK THEDÉEN Nanny Hiort FFFS 2020:23 Published on 19 October 2020