Regulatory Alerts2019-02-07
Added · Updated
Commission Implementing Regulation (EU) 2019/228 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 31 December 2018 and 30 March 2019. This requirement applies the risk-free interest rate term structures, fundamental spreads for matching adjustments, and volatility adjustments published by EIOPA based on end-December 2018 market data. The Regulation entered into force on 9 February 2019 and applies retroactively from 31 December 2018.