On 17 May 2016, the Dutch Minister of Finance published for consultation a draft of the Amendment Decree solvency of insurers with a limited risk level (Wijzigingsbesluit solvabiliteit verzekeraars met beperkte risico omvang, the Amendment Decree). The Amendment Decree will amend the Decree on Prudential Rules for Financial Undertakings (Besluit prudentiële regels Wft,).

The Amendment Decree aims to amend the rules with respect to calculating the solvency position of insurers with a limited risk level and the applicable transitional periods in that respect. Without these proposed amendments, the application of the framework in accordance with the Solvency II Directive (2009/138/EC) would lead to disproportionally heavy solvency requirements for insurers (in particular life insurers and funeral in-kind insurers) with a limited risk level.

View the Amendment Decree (Dutch only), 17 May 2016.