Regulatory Alerts2019-02-22
Regulations amending Finansinspektionen’s regulations regarding annual reports at insurance undertakings (FFFS 2016:13)
Finansinspektionen issued regulations amending the reporting requirements for insurance undertakings' annual reports to align with international accounting standards and Swedish Financial Reporting Board recommendations. The amendments clarify the application of IFRS standards, introduce specific exemptions for unlisted undertakings with limited international connections, and mandate detailed disclosures regarding related party agreements and management remuneration. These changes, which repeal certain previous provisions and insert new sections, entered into force on 31 March 2016 for financial years starting after 31 December 2015.
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