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.
Chapter 37/2015 NBS Journal – Decree No 25/2015 of Národná banka Slovenska 1053 25 DECREE of Národná banka Slovenska of 1 December 2015 on the maximum level of the technical interest rate Národná banka Slovenska, in accordance with Article 176(4) of Act No 39/2015 Coll. on insurance (and amending certain laws), has adopted this Decree: Article 1 The maximum level of the technical interest rate1 for insurance undertakings that are subject to a special regime is 0.7%. Article 2 The Decree enters into force on 1 January 2016. Jozef Makúch Governor Issuing unit: Regulation Department Insurance Regulation Section Tel.: +421 2 5787 3301 Fax: +421 2 5787 1118 1 Article 4(16) of Act No 39/2015 Coll. on insurance (and amending certain laws).