Regulatory Alerts2023-12-22
Regulations amending supervisory reporting for insurance business (FFFS 2023:24)
Finansinspektionen amends its regulations and general guidelines to implement Commission Implementing Regulation (EU) 2023/894 regarding supervisory reporting for insurance undertakings. The rules mandate quarterly and annual submissions using Legal Entity Identifiers, specify reporting periods for technical provisions, and introduce detailed ECB add-on templates for cross-border business, asset classification, and pension commitments. These amendments enter into force on 1 January 2024 to enhance the granularity and standardization of data reported to the Swedish supervisory authority.
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