Regulatory Alerts2016-11-10
Added · Updated
Commission Implementing Regulation (EU) 2016/1976 laying down technical information for Solvency II reporting from 30 September to 30 December 2016
The European Commission mandates that insurance and reinsurance undertakings use specific technical information to calculate technical provisions and basic own funds for reporting periods with reference dates from 30 September to 30 December 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 17 November 2016 and applies retroactively from 30 September 2016.