Regulatory AlertsGeneral guidelines for auditors appointed by Finansinspektionen (FFFS 2004:10)
Finansinspektionen issued general guidelines for auditors appointed by the regulator, which were amended by FFFS 2020:17 to cease applying to mutual benefit societies. The amendments require auditors of life insurance companies to specifically investigate transactions occurring between the insurer and other companies within the same group. These regulatory changes entered into force on 1 November 2020 alongside corrections to various legislative references.
General guidelines for auditors appointed by Finansinspektionen
In force from 2004-07-15
Summary
A new section has been inserted into these general guidelines stating that auditors of life insurance companies, in particular, should investigate transactions occurring between the life insurance company and other companies within the same group.
Amendments
The amendments entail that the general guidelines no longer apply to mutual benefit societies. In addition, the general guidelines have been updated to correct references to various legislation.
The amendments enter into force on 1 November 2020. Amendment 2020:17
Documents
FFFS 2004:10
Changes
Number
FFFS 2020:17
Date
2020-11-01
Heading
FFFS 2020:17