BaFin, the Federal Financial Supervisory Authority of Germany, published FINREP 2.7 forms for national GAAP reporting under the Solvency II reporting and disclosure requirements. These forms are valid from March 31, 2018. BaFin also updated regulation on the reporting of insurance companies to the Federal Financial Supervisory Authority.
These FINREP templates cover reporting financial information according to the national accounting framework. Solvency II introduces harmonized reporting requirements that will complement and in part replace national rules. Member states may continue to maintain additional reporting obligations that reflect national specificities or are based on information provided under the commercial law.
Keywords: Europe, EU, Germany, Insurance, Reporting, FINREP, Solvency II, GAAP, BaFin
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