Regulatory Alerts2016-02-05
Added · Updated
Commission Implementing Regulation (EU) 2016/165 laying down technical information for Solvency II reporting from 1 January to 30 March 2016
The European Commission mandates that insurance and reinsurance undertakings use specific technical information for calculating technical provisions and basic own funds for reporting reference dates between 1 January and 30 March 2016. This requirement applies to the relevant risk-free interest rate term structures, fundamental spreads for matching adjustments, and volatility adjustments set out in the regulation's annexes. The regulation entered into force on 10 February 2016 and applies retroactively from 1 January 2016.