Regulatory Alerts2019-11-07
Added · Updated
Commission Implementing Regulation (EU) 2019/1902 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 30 September 2019 until 30 December 2019. This information includes relevant risk-free interest rate term structures, fundamental spreads for matching adjustments, and volatility adjustments as detailed in Annexes I, II, and III. The Regulation entered into force on 15 November 2019 and applies retroactively from 30 September 2019.
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