Regulatory Alerts2020-01-15
Regulation amending simplified annual reporting rules for exempted insurance undertakings
Finansinspektionen amends regulations governing simplified annual reporting for mutual insurance companies and associations granted exemption from the Annual Accounts at Insurance Undertakings Act. The updated rules specify that exempted undertakings must apply certain provisions from the general annual accounts guidelines (FFFS 2019:23) regarding technical provisions, fair value measurement of assets, and underwriting costs. These amendments enter into force on 1 January 2020 to standardize accounting treatments for specific transactions and obligations.
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