Regulatory Alerts2017-03-17
Austrian Insurance Undertaking Investment Regulation (VU-KAV)
The Austrian Financial Market Authority issued the VU-KAV to establish quality requirements for investments by insurance and reinsurance undertakings in Austria. The regulation mandates strict internal policies, organizational separation, and documentation for asset-liability management, credit risk assessment, and liquidity. It further imposes detailed rules on portfolio diversification, derivative usage, and specific asset restrictions for coverage funds.
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