Germany: Act to modernise the financial supervision of insurance companies
On 10 April 2015, the "Gesetz zur Modernisierung der Finanzaufsicht über Versicherungen" (Act to modernise the financial supervision of insurance companies) dated 1 April 2015 has been published in the Federal Gazette. This Act contains the rules of the new German Insurance Supervisory Act (VAG), which implements the Solvency II-directive into German law. The significant changes in the VAG relate to the three levels of Solvency II – requirements for funding of insurance companies, requirements regarding the organization structure of insurance companies and reporting commitments. The new rules will have significant impact both on insurance companies, insurance supervisory authorities and on insurers. The new regime will come into force on 1 January 2016.
Last updated · 13 Mar 2026
Regulatory News - Insurance
See allEC: Preparedness in the EU financial sector
The Commission has published a report addressed to the Council and to the European Parliament and provides an overview of the current state of preparedness of the EU financial sector, building on continued discussions with ECB, the ESAs, ESRB, SRB, Member States and the financial services industry. It concludes that the the development of the Savings and Investments Union and the introduction of the digital euro is expected to improve the overall resilience of the EU financial sector and to further improve its level of preparedness.
EC: Taxonomy Regulation – technical advice
DG FISMA has invited the ESAs to develop technical advice in order to inform the review of the Disclosures Delegated Act under the Taxonomy Regulation.