Valuation standards for supervisory purposes should be compatible with international accounting developments, to the extent possible, so as to limit the administrative burden on insurance or reinsurance undertakings.
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New version applies from 23/05/2014 — introduced by Directive 2014/51/EU.
239 provisions change.
Later versions: 31/03/2015, 12/01/2017, 09/07/2018, 13/01/2019, 30/06/2021, 19/10/2021, 09/01/2024, 17/01/2025, 30/01/2027.
Recital 46 changes in this version: compare with the current text.