
Article 1 
In the Annex to Regulation (EC) No 1126/2008, International Financial Reporting Standard (IFRS) 4 Insurance Contracts is amended as set out in the Annex to this Regulation.
Article 2 
Each company and each financial conglomerate as defined in Article 2 of Regulation (EU) 2017/1988 shall apply the amendments referred to in Article 1 of this Regulation as from 1 January 2021 for financial years starting on or after 1 January 2021.
Article 3 
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 15 December 2020.
For the Commission
The President
Ursula VON DER LEYEN
ANNEX
Paragraphs 20A, 20J and 20O are amended.
 20A 

((a)) ...

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 20J 
...
 20O 

((a)) ...

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