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The rule on the financial year 2014 for insurance companies

In the Official Gazette of Romania, Part I, no. 131 dated February 20, 2015 was published the Financial Supervisory Authority rule no. 4/2015 concerning the financial year 2014 for insurance companies.

Issued by the FSA, the rule governs the financial year 2014 for insurance companies.

Insurance companies, insurance-reinsurance and reinsurance companies, and also insurance brokers, insurance-reinsurance and reinsurance brokers authorized under Law no. 32/2000, are required to prepare annual financial statements at 31 December 2014, including the situation merger, division or transfer of portfolio liquidation realised under the law.

The annual financial statements on December 31, 2014 will be submitted as follows: one copy to Financial Supervisory Authority and the second copy, stamped with the stamp of the FSA, to the registry of territorial units of the Ministry of Finance or sent by post offices with insured letters.

The annual financial statements on December 31, 2014 will be prepared in compliance with accounting regulations compliant with European directives applicable to the insurance domain, approved by Order of President of the Insurance Supervisory Commission no. 3.129/2005.

:: The Source: JURIDICE.ro

Anda Laura TĂNASE

 

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