Featured Product

    NBB Issues Timetable for Reports to be Submitted by Insurers in 2020

    September 04, 2019

    NBB published the timetable for the reports that supervised companies and their accredited auditors, in the insurance and reinsurance sector, must submit in 2020 (reports for the 2019 financial year) via the secure eCorporate platform. The changes in timeline are very much limited, compared to 2019. The qualitative reports to be submitted by the insurance and reinsurance companies via the eCorporate platform include Solvency and Financial Condition Report (SFCR), Regular Supervisory Report, and Own Risk and Solvency Assessment (ORSA). Annex 1 to the communication on the reporting timelines lists the qualitative reports to be submitted by supervised companies while Annex 2 lists the reports to be submitted by accredited auditors.

    The eCorporate platform is also used to submit the following:

    • Additional national governance reports to be submitted by insurance and reinsurance undertakings and insurance and reinsurance groups
    • Ad hoc reporting in different domains (such as actuarial, internal model, fight against money laundering and terrorist financing)
    • Reports from the accredited auditors

     

    Related Link (in Dutch): NBB Communication

     

    Keywords: Europe, Belgium, Insurance, Reinsurance, SFCR, ORSA, Reporting, eCorporate Platform, Solvency II, NBB

    Featured Experts
    Related Articles
    News

    EBA Updates List of Validation Rules for Reporting by Banks

    EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.

    September 10, 2020 WebPage Regulatory News
    News

    EBA Responds to EC Call for Advice to Strengthen AML/CFT Framework

    EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).

    September 10, 2020 WebPage Regulatory News
    News

    NGFS Advocates Environmental Risk Analysis for Financial Sector

    NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.

    September 10, 2020 WebPage Regulatory News
    News

    MAS Issues Guidelines to Promote Senior Management Accountability

    MAS published the guidelines on individual accountability and conduct at financial institutions.

    September 10, 2020 WebPage Regulatory News
    News

    APRA Formalizes Capital Treatment and Reporting of COVID-19 Loans

    APRA published final versions of the prudential standard APS 220 on credit quality and the reporting standard ARS 923.2 on repayment deferrals.

    September 09, 2020 WebPage Regulatory News
    News

    SRB Chair Discusses Path to Harmonized Liquidation Regime for Banks

    SRB published two articles, with one article discussing the framework in place to safeguard financial stability amid crisis and the other article outlining the path to a harmonized and predictable liquidation regime.

    September 09, 2020 WebPage Regulatory News
    News

    FSB Workshop Discusses Preliminary Findings of Too-Big-To-Fail Reforms

    FSB hosted a virtual workshop as part of the consultation process for its evaluation of the too-big-to-fail reforms.

    September 09, 2020 WebPage Regulatory News
    News

    ECB Updates List of Supervised Entities in EU in September 2020

    ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 115.

    September 08, 2020 WebPage Regulatory News
    News

    OSFI Identifies Focus Areas to Strengthen Third-Party Risk Management

    OSFI published the key findings of a study on third-party risk management.

    September 08, 2020 WebPage Regulatory News
    News

    FSB Extends Implementation Timeline for Framework on SFTs

    FSB is extending the implementation timeline, by one year, for the minimum haircut standards for non-centrally cleared securities financing transactions or SFTs.

    September 07, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5796