Regulatory Alerts2024-05-13
Added · Updated
Commission Implementing Regulation (EU) 2024/1289 laying down technical information for Solvency II reporting from 31 March to 29 June 2024
The European Commission mandates that insurance and reinsurance undertakings use specific technical information for calculating technical provisions and basic own funds for reporting periods with reference dates from 31 March 2024 to 29 June 2024. This Regulation requires the use of 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 to all insurance and reinsurance undertakings subject to Directive 2009/138/EC and entered into force on 15 May 2024.
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