Examples of Solvency II Level 2 Regulation in a sentence
The EU has amended the Solvency II Level 2 Regulation to require reporting on climate-related risks on investments.8 Starting as of financial year 2023, reporting insurance undertakings will need to report on: (1) a new template that would capture climate change risk to investments; (2) the share of an insurer’s investments exposed to climate change-related transition and physical risk; and (3) the share of an insurer’s investments exposed to transition risk.
The definitions of “AIFMD”, “AIFMD Level 2 Regulation”, “AIFMD Retention Requirements”, “CRR”, "CRR Retention Requirements", "Final ITS", “Final RTS”, "Solvency II Directive", "Solvency II Level 2 Regulation" and "Solvency II Retention Requirements” are hereby deleted in their entirety.