Regulatory Alerts2022-11-21
Added · Updated
Commission Implementing Regulation (EU) 2022/2282 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 for calculating technical provisions and basic own funds for reporting reference dates from 30 September 2022 until 30 December 2022. This requirement applies to the relevant risk-free interest rate term structures, fundamental spreads for matching adjustments, and volatility adjustments set out in the regulation's annexes. The regulation entered into force on 23 November 2022 and applies retroactively from 30 September 2022.