Regulatory Alerts2015-12-02
Added · Updated
Commission Implementing Regulation (EU) 2015/2452 on Solvency and Financial Condition Report Templates
The European Commission adopted Implementing Regulation (EU) 2015/2452 to establish implementing technical standards for the procedures, formats, and templates of the solvency and financial condition report under Directive 2009/138/EC. This regulation mandates that insurance and reinsurance undertakings and groups publicly disclose specific data using prescribed templates, such as S.02.01.02 for balance sheets and S.05.01.02 for premiums and claims. It requires monetary figures to be disclosed in thousands of units and defines the reporting currency based on financial statement preparation. The regulation entered into force on the twentieth day following its publication in the Official Journal of the European Union.
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