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Consultation Document on the amendments to Chapter 5 of the Insurance Rules


From: Ministry for Finance and Financial Services
​(Malta Financial Services Authority)
​Published on: ​15 June 2020
Running till: ​24 June 2020
​Last Updated: ​25 June 2020
1.        Background

This purpose of this Consultation Document is to highlight the changes proposed to be carried out to Chapter 5 of the Insurance Rules on Valuation of assets and liabilities, technical provisions, own funds, Solvency Capital Requirement, Minimum Capital Requirement and Investment Rules of the Insurance Rules as a consequence of the amendments carried out by Directive (EU) 2019/2177. 

2.        Documents
3.        Submission of input

Any comments and feedback in relation to the attached draft legislations were to be addressed to the Insurance and Pensions Supervision and submitted in writing on, by not later than 24th June 2020.
We thank you for your input.
Data Protection Statement the General Data Protection Regulation and the Data Protection Act (Chapter 586)

The General Data Protection Regulation and the Data Protection Act Chapter 586 regulate the processing of personal data whether held electronically or in manual form. The Ministry for European Affairs and Equality collects only information which is necessary for it to perform its intended functions and is set to fully comply with the Data Protection Principles as set out in the Data Protection Legislation.  Verification of the ID number provided will take place as deemed necessary. All personal data provided will be processed according to the General Data Protection Regulation and the Data Protection Act (Cap 586).
In addition, please be aware of:
·         Disclosure under the Freedom of Information Act (Chapter 496)
As we are a public authority all documents we hold, including documents related to this public consultation process, may be released following a request to us under the Freedom of Information Act (Chap. 496), unless such request may be subject of an exemption arising from the same Act.


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