Regulatory Alerts2016-06-27
Added · Updated
Instruction No. 2016-I-20 of 27 June 2016 on the amplitude of declaration ranges for states S.21.01 and S.21.03 of Implementing Regulation (EU) No 2015/2450 to be communicated by insurance and reinsurance undertakings under Solvency II
The Prudential Control and Resolution Authority issued Instruction No. 2016-I-20 to standardize reporting requirements for insurance and reinsurance undertakings subject to Solvency II. The instruction mandates that these entities must exclusively use one of the five base options defined in Annex 2 of Implementing Regulation (EU) No 2015/2450 when declaring data for state S.21.01 regarding claim distribution risk profiles and state S.21.03 regarding non-life underwriting risk distribution by sum insured. This directive entered into application on the date of its publication in June 2016.
More like this from ACPR
We email you every new ACPR publication the day it's published.
Share