Regulatory Alerts2024-08-06
Added · Updated
Commission Implementing Regulation (EU) 2024/2147 laying down technical information for Solvency II reporting
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 June 2024 until 29 September 2024. 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 entered into force on 8 August 2024 and apply retroactively from 30 June 2024 to ensure uniform calculation conditions across the EU.
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