BaFin exempts insurers from the 2019 addition of certain parts of the reporting obligations under § 45 Insurance Supervision Act (VAG). In doing so, BaFin is extending its decisions from 2018. For the first time in the reporting year 2020, BaFin will contact companies regarding partial exemption from their reporting obligations, so that they can be formally granted exemption by the end of October 2019.
Related Link (in German): Press Release
Keywords: Europe, Germany, Insurance, Solvency II, Reporting, Insurance Supervision Act, BaFin
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