2022-02-28
Finansinspektionen issued regulations amending Chapter 4, section 7 of its guidelines (FFFS 2011:27) regarding simplified annual reporting for specific insurance undertakings. The amendment clarifies that rules concerning the provision to and reversal of contingency reserves are governed by separate regulations for non-life, life, and occupational pension undertakings. These regulations entered into force on 06 July 2021.
Finansinspektionen’s Regulatory Code Publisher: Chief Legal Counsel Eric Leijonram, Finansinspektionen, www.fi.se ISSN 1102-7460 This translation is furnished solely for information purposes. Only the printed version of the regulation in Swedish applies for the application of the law. 1 Regulations amending Finansinspektionen’s regulations and general guidelines (FFFS 2011:27) regarding simplified annual accounts at insurance undertakings granted dispensation; decided on 22 June 2021. Finansinspektionen prescribes pursuant to section 4, points 1 and 4 of the Annual Reports at Credit Institutions, Securities Companies and Insurance Undertakings Ordinance (1995:1600) that Chapter 4, section 7 of Finansinspektionen’s regulations and general guidelines (FFFS 2011:27) regarding simplified annual reporting in insurance undertakings granted exception shall have the following wording. Chapter 4 7 § Rules concerning provisions to and reversal of contingency reserves are set out in Finansinspektionen’s regulations and general guidelines (FFFS 2013:8) regarding standard regulations for non-life insurance undertakings’ calculation of contingency reserves and in Finansinspektionen’s regulations (FFFS 2021:4) regarding life insurance undertakings’ and occupational pension undertakings’ calculation of contingency reserves.
These regulations shall enter into force on 06 July 2021. ERIK THEDÉEN William Svärd FFFS 2021:5 Published on 30 June 2021