Regulatory Alerts2018-11-09
Added · Updated
Commission Implementing Regulation (EU) 2018/1699 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 2018 and 30 December 2018. This requirement applies risk-free interest rate term structures, fundamental spreads for matching adjustments, and volatility adjustments as detailed in the regulation's annexes. The regulation entered into force on 14 November 2018 and applies retroactively from 30 September 2018.