Regulatory Alerts2018-01-31
Added · Updated
Commission Implementing Regulation (EU) 2018/165 laying down technical information for calculating 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 periods with reference dates from 31 December 2017 until 30 March 2018. This Regulation requires the use of relevant 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 Regulation entered into force on 4 February 2018 and applies retroactively from 31 December 2017.