02.09.2016, 07:07
Information on Results of NFO Actuarial Valuation to Be Disclosed
ОРЕАНДА-НОВОСТИ. The Bank of Russia starts publishing information on the results of compulsory actuarial valuation of the activities of non-credit financial organisations (NFOs).
Actuarial reports on NFO activities (documents with the assessment of risks and liabilities assumed by a company) will be available on the Bank of Russia website. This information will also identify the actuary who conducted compulsory valuation including those financial institutions which licences were subsequently cancelled.
The novation will include non-governmental pension funds, insurance companies (with the exception of compulsory health insurers) and also mutual insurance companies.
Compulsory actuarial valuation of these organisations is performed at least once a year. It shall be conducted by those specialists whose data is incorporated into the single register of responsible actuaries.
Information on the results of actuarial valuation will be disclosed simultaneously with the publication of audit reports on financial statements of NFOs and issuers.
Actuarial reports on NFO activities (documents with the assessment of risks and liabilities assumed by a company) will be available on the Bank of Russia website. This information will also identify the actuary who conducted compulsory valuation including those financial institutions which licences were subsequently cancelled.
The novation will include non-governmental pension funds, insurance companies (with the exception of compulsory health insurers) and also mutual insurance companies.
Compulsory actuarial valuation of these organisations is performed at least once a year. It shall be conducted by those specialists whose data is incorporated into the single register of responsible actuaries.
Information on the results of actuarial valuation will be disclosed simultaneously with the publication of audit reports on financial statements of NFOs and issuers.
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