Rule · NBS · 1 Dec 2015

Decree of Národná banka Slovenska No 25/2015 on the Maximum Technical Interest Rate

Národná banka Slovenska issued Decree No 25/2015 to cap the maximum technical interest rate at 0.7% for insurance undertakings subject to a special regulatory regime. Enacted under Article 176(4) of the national insurance act, this measure standardizes pricing assumptions for affected entities. The regulation officially enters into force on 1 January 2016.

SlovakiaNarodna banka Slovenska

Chapter 37/2015 NBS Journal – Decree No 25/2015 of Národná banka Slovenska 1053
25
DECREE of Národná banka
Slovenska of 1 December 2015 on the maximum level of the technical interest rate Národná banka Slovenska, in accordance with Article 176(4) of Act No 39/2015 Coll. on insurance (and amending certain laws), has adopted this Decree:
Article 1
The maximum level of the technical interest rate1 for insurance undertakings that are subject to a special regime is 0.7%.
Article 2
The Decree enters into force on 1 January 2016.
Jozef Makúch
Governor
Issuing unit: Regulation Department
Insurance Regulation Section
Tel.: +421 2 5787 3301
Fax: +421 2 5787 1118

1 Article 4(16) of Act No 39/2015 Coll. on insurance (and amending certain laws).

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Issued under

Law No. 39 of 2015Not in RegAlert
“in accordance with Article 176(4) of Act No 39/2015 Coll. on insurance (and amending certain laws)”

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