Regulatory Alerts2023-04-04
Added · Updated
Commission Implementing Regulation (EU) 2023/895 on disclosure of solvency and financial condition reports
The European Commission adopted Implementing Regulation (EU) 2023/895 to establish implementing technical standards for the public disclosure of solvency and financial condition reports by insurance and reinsurance undertakings. The regulation mandates specific reporting currencies, monetary formatting, and detailed templates for individual and group disclosures, while requiring that reports be published on websites for at least five years. It repeals Implementing Regulation (EU) 2015/2452 and applies from 31 December 2023.
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