Commission Implementing Regulation (EU) 2020/641of 12 May 2020laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 31 March 2020 until 29 June 2020 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(Text with EEA relevance) (revoked)
Article 1
(1) Insurance and reinsurance undertakings shall use the technical information...
Article 2
This Regulation shall enter into force on the day following...
ANNEX I
Relevant risk-free interest rate term structures to calculate the best estimate, without any matching adjustment or volatility adjustment
ANNEX II
Fundamental spreads for the calculation of the matching adjustment
The fundamental spreads set out in this Annex are expressed...
1.
Exposures to central governments and central banks
2.
Exposures to financial institutions
2.1
Euro
2.2
Czech koruna
2.3
Danish krone
2.4
Forint
2.5
Krona
2.6
Kuna
2.7
Lev
2.8
Pound sterling
2.9
Romanian leu
2.10
Zloty
2.11
Norwegian krone
2.12
Swiss franc
2.13
Australian dollar
2.14
Baht
2.15
Canadian dollar
2.16
Chilean peso
2.17
Colombian peso
2.18
Hong Kong dollar
2.19
Indian rupee
2.20
Mexican peso
2.21
New Taiwan dollar
2.22
New Zealand dollar
2.23
Rand
2.24
Real
2.25
Renminbi-yuan
2.26
Ringgit
2.27
Russian rouble
2.28
Singapore dollar
2.29
South Korean won
2.30
Turkish lira
2.31
US dollar
2.32
Yen
3.
Other exposures
3.1
Euro
3.2
Czech koruna
3.3
Danish krone
3.4
Forint
3.5
Krona
3.6
Kuna
3.7
Lev
3.8
Pound sterling
3.9
Romanian leu
3.10
Zloty
3.11
Norwegian krone
3.12
Swiss franc
3.13
Australian dollar
3.14
Baht
3.15
Canadian dollar
3.16
Chilean peso
3.17
Colombian peso
3.18
Hong Kong dollar
3.19
Indian rupee
3.20
Mexican peso
3.21
New Taiwan dollar
3.22
New Zealand dollar
3.23
Rand
3.24
Real
3.25
Renminbi-yuan
3.26
Ringgit
3.27
Russian rouble
3.28
Singapore dollar
3.29
South Korean won
3.30
Turkish lira
3.31
US dollar
3.32
Yen
ANNEX III
Volatility adjustment to the relevant risk-free interest rate term structure
Commission Implementing Regulation (EU) 2020/641
of 12 May 2020
laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 31 March 2020 until 29 June 2020 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
(Text with EEA relevance) (revoked)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Regulation revoked (31.12.2024) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 3 (with s. 1(4)); S.I. 2024/620, Sch. (with savings in relation to a Gibraltar group or a Gibraltar undertaking in S.I. 2024/1083, reg. 3)