Regulatory Alerts2015-12-01
Decree of Národná banka Slovenska No 25/2015 on the Maximum Technical Interest Rate
Národná banka Slovenska issued Decree No 25/2015 to cap the maximum technical interest rate at 0.7% for insurance undertakings subject to a special regulatory regime. Enacted under Article 176(4) of the national insurance act, this measure standardizes pricing assumptions for affected entities. The regulation officially enters into force on 1 January 2016.
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