Act 2015
Gesetz vom 12. Juni 2015 betreffend die Aufsicht über Versicherungsunternehmen (Versicherungsaufsichtsgesetz; VersAG) (Insurance Supervision Act)
Issued by Finanzmarktaufsicht Liechtenstein
Plain-English summary
Governs supervision of insurance undertakings, with the aim of protecting policyholders from insolvency risk and abuse. Insurers need an FMA licence to start business (Art. 11), and the Act implements Solvency II (Directive 2009/138/EC).
Who it applies to
Insurance
Topics
Prudential & Capital Insurance & Pensions
Latest news
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RBI extends supervisory directions for Industrial Co-operative Bank Ltd.
3 Oct 2026
The Reserve Bank of India has extended supervisory directions issued to The Industrial Co-operative Bank Ltd., Guwahati under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The original directive…
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RBI finalizes Basel III market risk capital requirements for banks
26 Sep 2026
The Reserve Bank of India has issued final Directions on minimum capital requirements for market risk under the revised Basel III framework, effective April 1, 2027. The framework adopts the Simplified Standardised…
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RBI penalizes gold-loan fintech KLM Axiva Finvest Limited for auction surplus non-payment
26 Sep 2026
The Reserve Bank of India imposed a monetary penalty of ₹2.70 lakh on KLM Axiva Finvest Limited for regulatory non-compliance discovered during statutory inspection. The company failed to remit surplus amounts to…