Regulatory Alerts2022-03-15
Regulations amending Finansinspektionen’s regulations and general guidelines (FFFS 2019:23) regarding annual accounts at insurance undertakings and institutions for occupational retirement provision (FFFS 2022:7)
The Swedish Financial Supervisory Authority (Finansinspektionen) amends its regulations on annual accounts for insurance and occupational pension undertakings to align reporting practices with international standards and clarify specific accounting treatments. The amendments introduce new provisions for the valuation of reinsurance assets, mandate sensitivity analysis for risk disclosures, and define exemptions for non-listed entities regarding IFRS application. These changes, which include updates to definitions and consolidated reporting rules, enter into force on January 1, 2023.
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