Regulatory Alerts2025-05-08
Added · Updated
Commission Implementing Regulation (EU) 2025/863 on technical information for calculating technical provisions and basic own funds
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 from 31 March 2025 until 29 June 2025. Article 1 requires the use of risk-free interest rate term structures, fundamental spreads for matching adjustments, and volatility adjustments as detailed in Annexes I, II, and III. This Regulation entered into force on 13 May 2025 and applies retroactively from 31 March 2025.
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