Regulatory Alerts2017-06-06
Insurance Undertakings Reporting Regulation
The Austrian Financial Market Authority issued this regulation to mandate annual and quarterly reporting requirements for insurance, reinsurance, and third-country branches. Submissions must cover detailed financial statements, asset valuations, technical provisions, liquidity, and statistical data, transmitted via the Austrian Insurance Association while retaining direct liability with the reporting entity. Annual reports are due within five months of the financial year-end, with quarterly and predicted value submissions required within six weeks of each reporting date, all effective from 1 January 2016.
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