Regulatory Alerts2025-06-04 | Circular 3/2025 (VA) – Guidance notes on information submitted to the supervisory authority regarding the values used to calculate the minimum contribution reimbursementCircular 3/2025 (VA) – Guidance on Information for Minimum Contribution Reimbursement Calculations
BaFin has issued Circular 3/2025 (VA) to replace Statement 612 with Form F.612.01 and introduce Form F.030.03, aligning life insurance undertakings' minimum allocation reporting with the XBRL national reporting format. The updated forms retain existing content but mandate initial submission alongside 2025 annual financial statements, with a strict six-month post-year-end deadline. This circular applies to all financial years ending after 31 December 2024, ensuring consistent calculation of values for minimum contribution reimbursements across supervised German and cross-border life insurers.
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