In brief
1) Recommendations on dividend distribution.
2) Extension of the deadline for the fulfillment of the ongoing education requirements for insurance intermediaries.
- On 18 December 2020, the EIOPA released a communication recommending insurance companies to maintain extreme caution in dividend distributions, share buy-backs or variable remunerations. These operations should not exceed thresholds of prudency and institutions should ensure that the resulting reduction in the quantity or quality of their own funds remains at levels appropriate to the current levels of risk.
- On 1 October 2020, the IVASS published a notice on the extension of the deadline for the fulfillment of the ongoing education requirements for insurance intermediaries. On the basis of the current health situation, the ongoing education for 2020 can be completed by 31 March 2021.
