GERMANY: BaFin responds to query concerning substantial shareholding reporting by insurance undertakings under section 13(d) VAG

Wednesday July 3 2013

BaFin responds to query concerning substantial shareholding reporting by in surance undertakings under section 13(d) VAG. In response to a query concerning the format for reporting by insurance undertakings where there is an acquisition or disposal of a qualified participating interest of 20%, 30% or 50% in the undertaking (Section 13(d) Insurance Supervision Act), the Regulator flagged Circular R 4/98 as applicable for these purposes. The Circular contains the form for reporting and method of reporting in line with section 13(d).

Click on the above link for Circular R 4/98.