RegAlert2016-04-25 | NBB_2016_12Added
NBB_2016_12 / Guidelines on the communication of information and on information for the public
The circular mandates specific disclosure requirements for Belgian insurance and reinsurance entities, including third-country branches, regarding their Solvency and Financial Condition Reports (SFCR) and Regular Supervisory Reports (RSR). It requires detailed reporting on governance structures, risk profiles, asset and liability valuation, and capital management, including subordinated liabilities and own funds eligibility. The guidelines apply to individual entities, group entities, and participating insurance undertakings, with specific provisions for third-country branches establishing RSRs. The orientations entered into force on 23 March 2016.
NBB published 1 document in the last 30 days — get each new one by email the day it lands.
NBB_2016_12 – 25 April 2016 Circular – Page 1/16 boulevard de Berlaimont 14 – BE-1000 Brussels tel. +32 2 221 38 12 – fax + 32 2 221 31 04 company number: 0203.201.340 RPM Brussels www.bnb.be Circular Brussels, 25 April 2016 Reference: NBB_2016_12 your contact:
Patricia Kaiser tel. +32 2 221 34 31 – fax +32 2 221 31 04 patricia.kaiser@nbb.be Guidelines on the communication of information and on information for the public Scope Belgian insurance or reinsurance undertakings.
Insurance or reinsurance undertakings that are part of a Belgian group within the meaning of Article 339, 2° of the Law of 13 March 2016 on the status and supervision of insurance or reinsurance undertakings.
Belgian entities that are part of a Belgian financial conglomerate within the meaning of Article 340, 1° of the aforementioned Law of 13 March 2016.
Branches of third-country entities carrying on insurance [or reinsurance] activities in Belgium.
This circular applies to mutual insurance companies defined in Article 15, 79° of the aforementioned Law of 13 March 2016. For these entities, 'the Bank' should be replaced by 'the Office for the Supervision of Mutual Funds and National Unions of Mutual Funds' as defined in Article 15, 84° of the same Law. This circular does not apply to insurance undertakings referred to in Articles 275, 276 or 294 of the aforementioned Law of 13 March 2016. Summary/Objectives This circular aims to explain the Bank's guidelines regarding the communication of information and information for the public. Legal References The Law: The Law of 13 March 2016 on the status and supervision of insurance or reinsurance undertakings. Regulation 2015/35: Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II).
Read the rest free, and get an email when NBB publishes again
Lineage: In force
Source: National Bank of Belgium — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
More like this from NBB
NBB published 1 document in the last 30 days. We email you each new one the day it's published.