Effective for 2022 reporting:
- SSAP Nos. 25 and 43 clarify the identification and reporting of affiliated transactions and add disclosures in the Annual Statement investment schedules to identify investments held that involve related parties.
- SSAP 43R clarifies that residual tranches or interests are recorded at the lower of amortized cost or fair value and reported on Schedule BA. This is effective December 31, 2022 and early adoption is permitted.
Effective for 2023 reporting:
- SSAP No. 86 adopted, with modification, US GAAP guidance to determine hedge effectiveness. Revisions are effective January 1, 2023 with early adoption permitted.