Regulatory Alerts2017-10-11
Regulations amending supervisory reporting for insurance business (FFFS 2016:4)
Finansinspektionen issued regulations amending supervisory reporting requirements for insurance business to implement specific provisions of the Solvency II framework. The rules mandate quarterly and annual reporting of technical provisions, assets, and liabilities, while introducing new requirements for Legal Entity Identifiers and detailed breakdowns of cross-border business. These regulations apply to insurance companies, mutuals, and special purpose vehicles, entering into force on 1 February 2016 for financial years commencing after 31 December 2015.
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