N.Y. Comp. Codes R. & Regs. tit. 11 § 178.6

Current through Register Vol. 46, No. 43, October 23, 2024

Section 178.6 - Documentation and reporting requirements

In accordance with Part 243 of this Title (Regulation 152), the insurer shall maintain documentation and records relating to each derivative transaction including:

(a) the purpose or purposes of the transaction;

(b) the assets or liabilities (or portfolios thereof) to which the transaction relates;

(c) the specific derivative instruments used in the transaction;

(d) for over-the-counter derivative transactions, the name of the counterparty, and counterparty exposure amount; and

(e) for exchange-traded derivative instruments, the name of the exchange and the name of the firm handling the trade.

N.Y. Comp. Codes R. & Regs. Tit. 11 § 178.6