Solvency II – Day 1

Definition The 1 January 2016 is referred to as Solvency II Day 1. The European wide regulation is in-force ever since. Find the summary here. Concept The concept of Day 1 reporting is described below. All firms that have a company year-end falling on or between 31 December 2015 and 29 June 2016 are required to submit opening Solvency II information, commonly referred to as Day 1 reporting. Firms with…

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