Regulatory Alerts2017-10-10
Regulations amending Finansinspektionen’s regulations and general guidelines regarding annual reports at insurance undertakings
Finansinspektionen issued regulations amending its guidelines on annual reports for insurance undertakings to align reporting requirements with international accounting standards and clarify specific application rules. The amendments define key terms, specify the application of IFRS standards with national adjustments, and introduce detailed provisions for capitalizing acquisition costs and reporting derivatives and reinsurance deposits. These changes apply to various insurance entities, including branches and financial holding companies, with specific exemptions for smaller unlisted undertakings and simplified reporting for certain mutual companies.
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