RegAlert2023-12-05 | NBB_2023_10Added
Circular NBB_2023_10 on reporting information for financial stability purposes
Belgian insurance and reinsurance entities, including third-country branches and mutual insurance companies, must submit quarterly financial stability data to the National Bank of Belgium starting with figures as of 31 December 2023. Reporting is mandatory for entities with total assets exceeding 12 billion euros, with specific inclusion and exclusion thresholds of 13 billion and 11 billion euros respectively. Entities must provide individual data for solo undertakings and consolidated data for participating undertakings, holding companies, and mixed financial holding companies, utilizing a best-effort approach to estimate the Solvency Capital Requirement by recalculating volatile market risk modules.
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BANQUE NATIONALE DE BELGIQUE
VAN BELGISCHE CENTRAALBANK
EUROSYSTEEM boulevard de Berlaimont 14 - BE-1000 Bruxelles tel. +32 2 221 26 29 numero d'entreprise: 0203.201.340 RPM Bruxelles www.bnb.be
Circular
Brussels, 5 December 2023
Reference:
your contact:
Ingrid Vreven tel. +32 2 221 26 29
Ingrid.vreven@nbb.be
NBB_2023_10
Circular on the reporting of information for financial stability purposes
Scope
Belgian insurance or reinsurance undertakings.
Insurance or reinsurance undertakings that are part of a Belgian group within the meaning of Article 339, 2°, of the Act of 13 March 2016 on the status and supervision of insurance or reinsurance undertakings.
Belgian entities that are part of a Belgian financial conglomerate within the meaning of Article 340, 2°, of the aforementioned Act of 13 March 2016.
Branches of third-country entities carrying on insurance or reinsurance activities in Belgium.
This circular applies to mutual insurance companies defined in Article 15, 79°, of the aforementioned Act of 13 March 2016. For these entities, "the Bank" should be replaced by "the Office for the Control of Mutual Societies and National Unions of Mutual Societies" as defined in Article 15, 84°, of the same Act. This circular does not apply to insurance undertakings referred to in Articles 275, 276 or 294 of the aforementioned Act of 13 March 2016.
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Lineage: In force
Source: National Bank of Belgium — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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