BaFin published the circular 08/2017 on derivative financial instruments and structured products. The consultation 17/2016 on this topic was published in January 2017. Circular 08/2017 enters into force with its publication.
The circular contains information on the use of derivatives and the investment in structured products. It is addressed to all companies that are admitted to the primary insurance business and fall under the regulations for small insurance companies (§§ 212 to 217 VAG—Law on the Supervision of Insurance Companies) and pension funds. This circular replaces the circular R 3/2000 (VA) of October 19, 2000.
Effective Date: August 30, 2017
Keywords: Europe, Germany, Insurance, Small Insurance Companies, Structured Products, OTC Derivatives, BaFin
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