Insurance Undertakings Reporting Regulation

All English translation of the authentic German text is unofficial and serves merely information purposes. The official wording in German can be found in the Austrian Federal Law Gazette (Bundesgesetzblatt; BGBl.). All translations have been prepared with great care, but linguistic compromises had to be made. The reader should also bear in mind that some provisions of these laws will remain unclear without certain background knowledge of the Austrian legal and political system. Please note that these laws may be amended in the future and check occasionally for updates. Insurance Undertakings Reporting Regulation (VU-MV; Versicherungsunternehmen Meldeverordnung) Full title Regulation of the Financial Market Authority (FMA) on Reporting to the FMA by Insurance Undertakings and Reinsurance Undertakings (Insurance Undertakings Reporting Regulation (VU-MV; Versicherungsunternehmen Meldeverordnung) Original version: Federal Law Gazette II No. 217/2015 Preamble / Promulgation Clause Based on Article 248 para. 8 of the 2016 Insurance Supervision Act (VAG 2016; Versicherungsaufsichtsgesetz 2016), published in Federal Law Gazette I No. 34/2015, last amended by federal act in Federal Law Gazette I No. 68/2015 the following shall be determined by Regulation:
Text
Annual Reporting
Article 1. On an annual basis as at the balance sheet date the following items shall be submitted to the
FMA:

1. The items in the annual financial statement, broken down into individual items,
2. Individual balance sheet and income statement positions, broken down into insurance classes;
   for life insurance broken down into types of insurance and scales of premiums and for health insurance broken down into scales of premiums and groups of scales of premiums,
3. Information about assets, in particular relating to balance sheet values and current values, to
   income and expenditure items, about the asset specifications defined in the Annex to Article 1 (Complementary Identification Codes – CIC) as well as the valuation principles, broken down respectively into assets dedicated to the Deckungsstock and other assets,
4. Information about assets that are transferred to another balance sheet group pursuant to
   Article 141 VAG 2016,
5. Information about technical provisions, in particular broken down in relation to the premium
   reserve,
6. Gains and losses from risk from the technical result,
7. Identification of the settlement results or the settlement results in individual insurance classes,
   in particular also broken down by year groups,
8. Information about co-insurance as well as assumed and ceded reinsurance,
9. Information about liquidity,
10. Statistical data, in particular about insurance contracts and policies, insurance claims, sums
    insured and headcount,
11. Identification number (LEI) of the legal person pursuant to the EIOPA Guidelines on the use of
    the Legal Entity Identifier (LEI), EIOPA-BoS-14-026.
12. Information about stakes in affiliated undertakings and associated undertakings.

All English translation of the authentic German text is unofficial and serves merely information purposes. The official wording in German can be found in the Austrian Federal Law Gazette (Bundesgesetzblatt; BGBl.). All translations have been prepared with great care, but linguistic compromises had to be made. The reader should also bear in mind that some provisions of these laws will remain unclear without certain background knowledge of the Austrian legal and political system. Please note that these laws may be amended in the future and check occasionally for updates. Additional reporting date-based reporting
Article 2. Irrespective of Article 1 the following reporting shall also be submitted to the FMA:

1. Reporting in accordance with Article 1 nos. 1, 2, 3, 4, 5, 10 and 12 at the following reporting
   dates: 31 March, 30 June, 30 September and 31 December,
2. Predicted values for reporting in accordance with Article 1 nos. 1, 2, 5 and 9 with regard to the
   31 December reporting date, at the reporting dates: 31 March, 30 June, 30 September,
3. Reporting values and predicted values in relation to Article 1 no. 9 with regard to the following
   31 December as of the reporting date of 31 December.
   Reporting deadlines
   Article 3. (1) Insurance undertakings and reinsurance undertakings as well Austrian branches of third￾country insurance undertakings and third-country reinsurance undertakings shall be required to submit
   reports pursuant to Article 1 at latest five months following the end of the financial year pursuant to
   Article 137 para. 4 VAG 2016.
   (2) Insurance undertakings and reinsurance undertakings as well Austrian branches of third-country insurance undertakings and third-country reinsurance undertakings shall be required to submit reports pursuant to Article 2 at latest six weeks after the respective reporting date. (3) Reports shall be deemed to have been submitted punctually, where they are made available to the FMA within the periods stated in paras. 1 and 2. (4) The FMA may upon request extend the periods stated in paras. 1 and 2 in cases where doing so is justified. Form of the Submission of Information
   Article 4. Insurance undertakings and reinsurance undertakings as well Austrian branches of third￾country insurance undertakings and third-country reinsurance undertakings shall submit reports
   pursuant to Article 1 and Article 2 by way of the Austrian Insurance Association; this shall not however affect the responsibility of the insurance undertaking and reinsurance undertaking for ensuring the correctness of the information and for submitting reports punctually. By so doing, the Austrian Insurance Association shall not derive any authorisation with regard to the onward transmission to third parties, processing or use of the data. Entry into force and transitional provision
   Article 5. (1) This Regulation shall enter into force on 01 January 2016.
   (2) Reporting for the reporting date 31 December 2015, shall be made in accordance with the Regulation of the Federal Minister of Finance on Reporting to be submitted to the Financial Market Authority (MVVU; Verordnung des Bundesministers für Finanzen über die der Finanzmarktaufsichtsbehörde vorzulegenden Meldungen), published in Federal Law Gazette II No. 89/2002, in the version of the Regulation amended in Federal Law Gazette II No. 444/2010.