Regulatory Alerts2020-02-12
Added · Updated
Commission Implementing Regulation (EU) 2020/193 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 2019 and 30 March 2020. This Regulation requires the use of relevant risk-free interest rate term structures, fundamental spreads for matching adjustments, and volatility adjustments as detailed in Annexes I, II, and III. The rules apply uniformly to all undertakings regardless of their specific reporting dates and entered into force on 14 February 2020.
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