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OAC & BDO regional seminars on PRIIPs KID & IFRS 17

OAC news
Accounting standards, PRIIPs

10 May 2017

OAC is delighted to have teamed up with BDO to provide free regional seminars on PRIIPs KID and IFRS 17 for insurance firms. With recent developments in both topics, our experts will explain the requirements, highlight the complexities, identify the considerations and outline the practical next steps for firms.

MANCHESTER | LONDON | BRISTOL

PRIIPs KID - OAC

On 1 January 2018, insurance firms that manufacture Packaged Retail and Insurance-based Investment Products (PRIIPs) will be required by the EU to have new Key Information Documents (KIDs) for each PRIIP. The Regulatory Technical Standards are very soon to be adopted by EU law following the acceptance of the Delegated Regulation by the European Parliament. PRIIPs providers need to act now to ensure they complete the required work and are compliant in time for the deadline.

Seminar agenda:

  • An overview of the PRIIPs Regulation.
  • Key requirements of the KID.
  • Key challenges and considerations for the production of the KID.
  • How to create a KID.
  • Steps required to meet the deadline of 1 January 2018 and beyond.

IFRS 17 - BDO

IFRS 17, the replacement for IFRS 4 (Insurance contracts), is approaching its final stages of development and whilst the publication date has not been confirmed the final exposure draft is expected imminently. The requirements of the standard will represent a significant change for insurers that are IFRS reporters and may see changes to their financial results, accounts presentation, and disclosures. Once a landing has been reached on the international position it is reasonable to expect that the FRC will review the current UK GAAP approach.

Seminar agenda:

  • Current status of the IFRS 17 project.
  • The route map for getting to where we are now.
  • Next steps.
  • The impact of IFRS 17.
  • What this could mean for UK GAAP.

Registration

For more information about these events and to register, please select the most appropriate location:

Claire Lightwood FIA

For more information
Claire Lightwood FIA
Professional Services, Account Manager

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