On Jul. 1, FINFSA listed data to be transferred to new system in 2024.
FINFSA updated regulations and guidelines 1/2011, concerning the submission of machine-readable supervisory data for insurance market entities.
Key Changes
The update aligns with the introduction of a new reporting system for financial condition and risk reporting of supervised entities operating in the insurance market.
Changes affect various national data collections transitioning to the new system in 2024, including annual, semi-annual, and quarterly reports.
The amendments streamline reporting structures, remove obsolete information from certain data collections, and clarify guidelines for completing forms.
Effectiveness
The new regulations will be effective from Dec. 31, 2024 for annual and semi-annual data, and from Sep. 30, 2024 for quarterly data.
