Regulatory Alerts2019-07-30
Added · Updated
Commission Implementing Regulation (EU) 2019/1285 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 June 2019 and 29 September 2019. This Regulation requires the use of relevant risk-free interest rate term structures, fundamental spreads for matching adjustments, and volatility adjustments as set out in Annexes I, II, and III. The rules entered into force on 1 August 2019 and apply retroactively from 30 June 2019.
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