Regulatory Alerts2019-05-06
Added · Updated
Commission Implementing Regulation (EU) 2019/699 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 March 2019 and 29 June 2019. This regulation requires the use of 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 8 May 2019 and applies retroactively from 31 March 2019.
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