Regulatory Alerts2020-07-31
Added · Updated
Commission Implementing Regulation (EU) 2020/1145 laying down technical information for Solvency II reporting
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 2020 and 29 September 2020. 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 4 August 2020 and applies retroactively from 30 June 2020.
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