Regulatory Alerts2018-05-04
Added · Updated
Commission Implementing Regulation (EU) 2018/730 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 for calculating technical provisions and basic own funds for reporting reference dates from 31 March 2018 until 29 June 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 rules entered into force on 19 May 2018 and apply retroactively from 31 March 2018.