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No. 100/2026
19 January 2026

RULES

regarding the calculation of technical provisions and basic own funds with reference dates from 30 June 2025 to 29 September 2025.

Article 1. Scope.

These rules apply to the activities of domestic insurance companies and the activities of foreign insurance companies in this country, cf. Articles 2 and 3 of Act No. 100/2016 on insurance activities.

Article 2. Information on the risk-free interest rate term structure for relevant currencies.

According to the first paragraph of Article 76 of Act No. 100/2016 on insurance activities, technical provisions shall be the sum of the best estimate of liabilities and a risk margin. These rules are laid down to implement the Commission Implementing Regulation (EU) setting out technical information on the risk-free interest rate term structure for relevant currencies in accordance with the second paragraph of Article 76 of Act No. 100/2016.

Article 3. Implementation of the regulation.

With these rules, Commission Implementing Regulation (EU) 2025/1794 of 8 September 2025 on technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 30 June 2025 to 29 September 2025 in accordance with 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, which was incorporated into the EEA Agreement by Decision of the EEA Joint Committee No. 240/2025 of 24 October 2025.

With reference to the authorisation in the first paragraph of Article 78 of Act No. 100/2016, the Central Bank of Iceland refers to the publication of the English version of the Commission Implementing Regulation (EU) in the Official Journal of the European Union: Official Journal EU, Series L, 2025/1794, on 9 September 2025.

Article 4. Entry into force.

These rules, which are laid down with authorisation in the first paragraph of Article 78 of Act No. 100/2016 on insurance activities, enter into force immediately.

Central Bank of Iceland, 19 January 2026.
Ásgeir Jónsson
Governor of the Central Bank.
Rannveig Júníusdóttir
Managing Director.

Part B — Publication date: 4 February 2026

Lineage: No known changes

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The links and the sentences they come from (2)

Issued under

Act No. 100/2016 on insurance activitiesNot in RegAlert
“These rules apply to the activities of domestic insurance companies and the activities of foreign insurance companies in this country, cf. Articles 2 and 3 of Act No. 100/2016 on insurance activities.”
Regulation No. 1794 dated 2025-09-08Not in RegAlert · European Commission
“These rules are laid down to implement the Commission Implementing Regulation (EU) setting out technical information on the risk-free interest rate term structure for relevant currencies in accordance with the second paragraph of Article 7…”

Rules on the Calculation of Technical Provisions and Basic Own Funds with Reference Dates from 30 June 2025 to 29 September 2025