Regulatory Alerts2022-02-24
Regulations amending supervisory reporting for insurance business (FFFS 2020:22)
Finansinspektionen issued regulations amending its supervisory reporting rules for insurance business to insert a new exemption clause. The amendment adds Chapter 1, section 2a, which excludes insurance associations granted specific exemptions under the Insurance Business Act from these reporting requirements. These regulations entered into force on 1 November 2020.
Finansinspektionen’s Regulatory Code Publisher: Finansinspektionen, Sweden, www.fi.se ISSN 1102-7460 This translation is furnished solely for information purposes. Only the printed version of the regulation in Swedish applies for the application of the law. 1 Regulations amending Finansinspektionen’s regulations and general guidelines (FFFS 2015:13) regarding supervisory reporting for insurance business; decided on 13 October 2020. Finansinspektionen prescribes pursuant to Chapter 7, section 2 of the Insurance Business Ordinance (2001:257) and section 15 of the Official Statistics Ordinance (2001:100) that a new section, Chapter 1, section 2a, shall be inserted into Finansinspektionen’s regulations and general guidelines (FFFS 2015:3) regarding supervisory reporting for insurance business with the following wording. Chapter 1 Section 2a The regulations do not apply to an insurance association granted exemption by Finansinspektionen pursuant to Chapter 1, section 19d of the Insurance Business Act (2010:2043).
These regulations shall enter into force on 01 November 2020. ERIK THEDÉEN Nanny Hiort FFFS 2020:22 Published on 19 October 2020