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No. 1556/2024

19 December 2024

RULES

on templates for the submission of data by insurance companies and insurance groups.

Article 1. Scope.

These rules apply to the activities of domestic insurance companies and the activities of foreign insurance companies in Iceland, cf. Articles 2 and 3 of Act No. 100/2016 on insurance activities. These rules also apply to insurance groups, cf. Article 1 of Act No. 60/2017 on insurance groups.

Article 2. Templates for the submission of data to the Financial Supervisory Authority.

These rules are laid down to implement the Commission Implementing Regulations (EU) setting out technical implementing standards with regard to templates for the submission of data by insurance companies, insurance holding companies and mixed financial holding companies to the Financial Supervisory Authority pursuant to Article 31 of Act No. 100/2016 on insurance activities and Articles 31 and 32 of Act No. 60/2017 on insurance groups.

Article 3. Implementation of the regulation.

With these rules, Commission Implementing Regulation (EU) 2023/894 of 4 April 2023 laying down implementing technical standards for the application of Directive 2009/138/EC of the European Parliament and of the Council with regard to the templates for the submission of information from insurance and reinsurance undertakings to supervisory authorities necessary for their supervision and repealing Implementing Regulation (EU) 2015/2450, which was incorporated into the EEA Agreement by Decision of the EEA Joint Committee No. 280/2023 of 27 October 2023. The regulation is published in the EEA Supplement to the Official Journal of the EU No. 93 of 19 December 2024, pp. 1-1596.

Article 4. Entry into force.

These rules, which are laid down with authority in the eighth paragraph of Article 31 of Act No. 100/2016 on insurance activities and the seventh paragraph of Article 31 and the sixth paragraph of Article 32 of Act No. 60/2017 on insurance groups, enter into force immediately. Upon their entry into force, the rules No. 1114/2021 on templates for the submission of data by insurance companies and insurance groups shall be repealed.

Central Bank of Iceland, 19 December 2024.

	Ásgeir Jónsson Governor of the Central Bank.	Rannveig Júníusdóttir Managing Director.

Department B - Published: 19 December 2024