Amendments to the Directions for the Setting Aside of Foreign Exchange Valuation Reserve by Life Insurance Enterprises
2019-01-30
In order to further strengthen the reserve requirementsfor foreign exchange valuation of life insurancecompanies, the FSC introduced the amendments to Article 3 of the aforementioned Directions on January 30, 2019. According to the amendment, when the hedging cost in the foreign exchange market exceeds 2%, a life insurance company is required to raise the monthly fixed setting ratio of reserve set aside for foreign exchange valuation from 0.05% to 0.06% and raise both the monthly additional reserve setting ratio and the monthly additional offsetting ratio from 50% to 60%.
Visitor：
557
Update：
2019-03-29