Gibraltar Releases Solvency II Guidance
by Amanda Banks, Lowtax.net, London
14 March, 2017
Gibraltar's financial services regulator, the Gibraltar Financial Services Commission, has issued guidance on disclosure and reporting rules for insurers under the European Union's Solvency II Directive.
The Solvency II Directive codifies and harmonizes insurance regulation across EU member states.
Firms impacted by Solvency II include EU insurance companies and their service providers, including auditors, insurance managers, and individuals or firms who are likely to make use of reports prepared by insurance companies.
The Commission's guidance deals with the preparation of annual quantitative reporting template submissions due in May 2017, which a majority of insurance companies with a December year end must prepare.
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