Regulatory Alerts2018-07-30
Added · Updated
Commission Implementing Regulation (EU) 2018/1078 on technical information for Solvency II reporting
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 from 30 June 2018 until 29 September 2018. This Regulation requires the use of risk-free interest rate term structures, fundamental spreads for the matching adjustment, and volatility adjustments as set out in Annexes I, II, and III. The rules entered into force on 1 August 2018 and apply from 30 June 2018.