Regulatory Alerts2020-05-12
Added · Updated
Commission Implementing Regulation (EU) 2020/641 laying down technical information for Solvency II reporting
The European Commission mandates that insurance and reinsurance undertakings use specified technical information for calculating technical provisions and basic own funds for reporting reference dates from 31 March 2020 until 29 June 2020. This Regulation requires the use of relevant risk-free interest rate term structures, fundamental spreads for matching adjustments, and volatility adjustments as set out in Annexes I, II, and III. The rules apply directly in all Member States and entered into force on 14 May 2020.
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