Regulatory Alerts2017-11-09
Added · Updated
Commission Implementing Regulation (EU) 2017/2015 laying down technical information for the calculation of technical provisions and basic own funds
The European Commission mandates that insurance and reinsurance undertakings use specific technical information to calculate technical provisions and basic own funds for reporting reference dates between 30 September 2017 and 30 December 2017. This requirement applies the risk-free interest rate term structures, fundamental spreads for matching adjustments, and volatility adjustments published by the European Insurance and Occupational Pensions Authority based on end-September 2017 market data. The Regulation entered into force on 15 November 2017 and is directly applicable in all Member States.