Malta Details Solvency II Reporting Requirements
by Lorys Charalambous, Lowtax.net, Cyprus
12 November, 2015
The Malta Financial Services Authority (MFSA) has issued quarterly and annual national specific templates that insurance and reinsurance undertakings need to submit under the Solvency II framework.
These NSTs will be used solely by the MFSA and, in order to fulfill Pillar III requirements under Solvency II, insurance and reinsurance undertakings are also required by the European Insurance and Occupational Pensions Authority (EIOPA) to submit quantitative reporting templates (QRTs).
The submission dates for quarterly and annual NSTs will be aligned to those of quarterly and annual QRTs. From 2016, quarterly deadlines will occur eight weeks after each quarter, annual deadlines will be 20 weeks after the year's end, and groups will be entitled to a six-week extension.
Information on the other filing requirements is included in MFSA's consultation document Quantitative reporting requirements under Solvency II.
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