Regulatory Alerts2018-11-23
Added · Updated
Commission Implementing Regulation (EU) 2018/1843 amending Implementing Regulation (EU) 2015/2452 regarding the scope of the template for disclosing premiums, claims and expenses by country
The European Commission amended Annexes II and III to Implementing Regulation (EU) 2015/2452 to clarify the disclosure obligations for insurance and reinsurance undertakings. Specifically, individual entities and participating undertakings, insurance holding companies, or mixed financial holding companies are exempt from disclosing template S.05.02.01 if the home country accounts for 90% or more of their total gross written premiums. This Regulation entered into force on the twentieth day following its publication in the Official Journal of the European Union on 26 November 2018.
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