Solvency II Art.55: Art. 55; DR Arts 300, 301 Approve, publish on time and keep the SFCR available

What does Art.55 require?

Undertakings need systems and a written policy ensuring the ongoing appropriateness of disclosed information; the SFCR must be approved by the AMSB before publication, disclosed within 14 weeks of financial year end, published on the undertaking's website (or a trade association's) and kept there for five years, sent electronically on request within 10 working days if not on a website, sent in print within 20 working days on request within two years, and submitted electronically to the supervisor with any update.