Regulatory Alerts2023-05-16
Added · Updated
Commission Implementing Regulation (EU) 2023/967 laying down technical information for Solvency II reporting
The European Commission mandates that insurance and reinsurance undertakings use specified technical information to calculate technical provisions and basic own funds for reporting reference dates between 31 March 2023 and 29 June 2023. This Regulation requires the use of relevant risk-free interest rate term structures, fundamental spreads for the matching adjustment, and volatility adjustments as detailed in Annexes I, II, and III. The rules apply directly in all Member States and entered into force on 18 May 2023.
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