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Number Date Reference 1 06/11/2015 EIOPA13_415,FinalreportonpublicconsultationNo13/10 2 06/11/2015 s.23.01ownfunds 3 06/11/2015 S.12.01 4 06/11/2015 S.02.02 heproposalfordraftImplementingTechnicalStandardsonthetemplatesforthesubmissionofinformationtothesupervisoryauthor 5 06/11/2015 6 11/11/2015 0 7 06/11/2015 0 8 06/11/2015 s.08.02(AssetsD2Treport) 052Consultationpaperontheproposalfordraftimplementingtechnicalstandardsonthetemplatesforthesubmissionofinformation 9 06/11/2015 10 28/07/2016 QuestionsoninstructionsforS2reportS10.01 11 24/11/2015 CP-14-052-ITS-LOG-File-Wordning-S.36.03.-IGT-InternalReinsurance(oldIGT3) 11 11/07/2016 QRTsS.30.01,S.30.02,S.30.03,S.31.01 12 06/11/2015 Unknow 13 06/11/2015 CP14/52-ITSonregularsupervisoryreporting(AnnexII)-S.07.01–Structuredproducts 14 06/11/2015 CP14/52-ITSonregularsupervisoryreporting(AnnexII)-S.10.01–Securitieslendingandrepos(D5) CP14-052Annex2IndividuallogsS.16.01.-InformationonannuitiesstemmingfromNon-LifeInsuranceobligations(Ol 15 06/11/2015 16 19/01/2016 Guideline13–Individualquantitativeannualinformation 17 06/11/2015 S.07.01C0080CapitalProtection 18 11/11/2015 General 19 11/11/2015 S.14,E.02.01.b 20 11/11/2015 ReportingofnegativetechnicalprovisionsinS.26.03andS.26.04. 21 11/11/2015 CP-14EIOPA_ITSReportingAnnexII_Articles12and14_S_06_02_LOG 22 10/02/2016 SolvencyIIQRTreporting 23 06/11/2015 DelegatedActs,article217(9) 24 25 S.04.02.01-Informationonclass10inPartAofAnnexIofSolvencyIIDirective,excludingcarrier'sliability 06/11/2015 06/11/2015 ImplementingTechnicalStandardandLOGS-Currency 26 10/12/2015 S.28.01,S.28.02 27 06/11/2015 EIOPA-Bos-15/115 28 24/11/2015 ImplementingTechnicalStandards(ITS)AnnexII_S_04_02_LOG 29 24/11/2015 ITSReportingAnnexII_S_05_01_LOG 30 24/11/2015 ITSReportingAnnexII_S_21_01_LOG 31 10/12/2015 EIOPA-BoS-14/169EN(Appendix)S.25.01IndividualLog(AnnexII)-GeneralComments S.06.02–ListofAssetsC0320–ExternalratingC0350–InternalratingS.08.01–OpenDerivativesC0290–ExternalratingC0320 32 17/12/2015 33 10/12/2015 S.10.01–Securitieslendingandrepos(D5)C0170–SolvencyIIValue 34 17/12/2015 CICtableforderivatives 35 17/12/2015 EIOPA-CP-14-047-Annex 36 24/11/2015 ArticlespertainingtothereportingofRFFs/MAPs 37 10/12/2015 ITSArticlesrelatedtothesubmissionofinformation5thru35 38 17/12/2015 QRTsS.30.01,S.30.02,S.30.03,S.30.04 39 17/12/2015 QRTs-S.12.01.01,S.13.01.01,S.14.01.01 ngAnnexIII_S_37_01_LOG_clean.docx",ColumnsC0120andC0130,esp.theuseofthe"specificcode".Insection"Document"inthis 40 19/01/2016 41 10/12/2015 AppendixI:SCR-B3A-S.26.01.b,Spreadrisk 42 CP14-052(ITSonRegularSupervisoryReport)AnnexIIITSReportingAnnexII_Article7and9_S_06_03_LOG.docx 17/12/2015 43 17/12/2015 S.25.01IndividualLogsCP-14-052ITSAnnex8CommentNumber66 44 13/01/2016 S.06.02-TotalSIIAmount(A26) 45 19/01/2016 S.06.02-Quantity(A22) 46 19/01/2016 S.06.02-Quantity(A22) 47 19/01/2016 S.06.02andS.09.01 48 07/12/2015 LOGFileforthetemplateS.14.01 49 07/12/2015 S.09.01 50 05/01/2016 Annotatedtemplatesvstemplatesintheannexes 51 19/01/2016 CP-14-047-GL-Reporting-publicdisclosure 52 05/01/2016 EIOPA_SolvencyII_Validations_2.0.1.xlsx 53 05/01/2016 S.06.02 54 08/01/2016 S.06.02 55 10/02/2016 S.06.02 56 11/07/2016 S.06.03 57 10/02/2016 AnnexIItoCP-14-052,file"ITSReportingAnnexII_S_06_02_LOG_clean.docx" 58 10/02/2016 AnnexIV-VCICtableDPMandTaxonomy2.0.1-ListofvalidationsITSReportingAnnexII_S_06_02 59 10/02/2016 S.06.02 60 02/02/2016 S.31.01C0180 61 05/02/2016 S.23.01.04-BV90of"EIOPA_SolvencyII_Validations_2.0.1"document 62 05/02/2016 ITSReportingAnnexII_S_16_01_LOG_clean de(S.06.02-C0220/S.11.01-C0180)/(S.06.02-C0210/S.11.01-C0170);IssuerGroupcodetype/Issuergroupcode(S.06.02-C0260/S. 63 05/02/2016 64 05/02/2016S.02.02.01,ITSReportingAnnexII_S_02_02_LOG_clean,cellsR0110andR0120 65 05/02/2016 S.14.01.01 66 05/02/2016 S.06.03-Collectiveinvestmentundertakings-look-throughapproach eportingforringfencedfundsandremainingpartandArticle34(2)groupbalancesheetreportingforringfencedfundsandremaining 67 02/02/2016 68 23/02/2016 XBRLValidations 69 18/03/2016 EIOPALogontemplateS.06.02 70 18/03/2016 S.06.02 71 18/03/2016 S.06.02 72 14/04/2016 Annex1ofITS-Templates(S.26.01.01) 73 09/03/2016 Lookthroughreporting,reportS.06.03 74 14/04/2016 ITSReportingAnnexII_S_15_01_LOG_clean.docx REGULATION(EU)2015/2450of2December2015"->S.23.04(Listofitemsonownfunds);logfilepartforindividualentitiesandgro 75 04/03/2016 76 01/04/2016 QRTS.21.01andEIOPA'sresponsetoQuestion27 77 01/04/2016 QRTS.21.03 78 26/04/2016 QRTS.19.01 79 01/04/2016 S.06.02QRTandDisclosurelog 80 08/04/2016 s.23.01.04-R0570/C0040-Calculationlogic 81 14/03/2016 S.23.01.04-R0630/C0010 82 14/04/2016 ITSReportingAnnexII_S_08_02_LOG_clean 83 14/04/2016 DPMandTaxonomy2.0.1-ListofvalidationsBusinessValidationfor2.0.1BV437 84 14/04/2016 AnnexIIoftheITSS.02.01-BalancesheetC0010/R0510-Technicalprovisions–non-life 85 26/04/2016 86 26/04/2016 ITSReportingAnnexIII_S_03_01_LOG_clean,Guidelinesongroupsolvency S.03.01;R0310/C0010andR0320/C0010 ationbetweenArticle2ofCOMMISSIONIMPLEMENTINGREGULATION(EU)2015/2450(CP-14-052)andvalidationrulesinEIOPA-15-2 87 27/05/2016 88 26/04/2016 S.01.01-Lossdistribution 89 06/07/2016 TemplateS.08.01ColumnC0310 90 26/04/2016 TemplateS.08.02DerivativesTransactions 91 26/04/2016 ANNEXEII-ITSReportingAnnexII_S_36_03_LOG_clean.docx 92 26/04/2016 QRTsS.30.02andS.30.04 93 26/04/2016 S.29 94 27/05/2016 CICcode 95 27/05/2016 QRTsS.06.02andS.31.01(amongstothers) 96 27/05/2016 S.21.01InterpretationofLogFile 97 18/04/2016 AnnexIIS.05.02–Premiums,claimsandexpensesbycountry 98 27/05/2016 S.08.02SolvencyIIValue 99 27/05/2016 S.08.02LOGfile 100 12/05/2016 S.15.01.04,S.15.02.04 101 06/07/2016 SIIFinalPhase:ITS_SupervisoryReporting_Annexes_clean_printableA4versiondefinitions 102 06/07/2016 QuestionregardingtemplateS.21.01 103 27/05/2016 S.37.01-RiskconcentrationCellC0080(Externalrating) 104 27/05/2016 S.06.02/S.02.01CICcategoryofpartiallyownusedbuildings 105 06/07/2016 ITSReportingAnnexII_S_08_02_LOG_clean 106 06/07/2016 BusinessValidationfor2.0.1BV475(andothers) 107 10/05/2016 S.25.01.04 108 06/07/2016 S.23.01.04GroupSCR(R0680,C0010) 109 06/07/2016 S.14.01.-Lifeobligationsanalysis(OldTP-F3) 110 20/05/2016 S.36.01 111 20/05/2016 LOGS.03.01,S.36.04 112 17/05/2016 GroupSCRS.25.01.04-SolvencyCapitalRequirement,StandardFormula 113 06/07/2016 S.06.02 114 24/05/2016 S.25.01.04OtherFinancialSector'sSCR 115 06/07/2016 S.01.02Basicinformation(C0010/R0020)-typeofundertakings 116 02/06/2016 QRTS.36.01,S.36.02,S.36.03,S.36.04 117 06/07/2016 S.19.01 118 14/07/2016 S.22.01–Impactoflongtermguaranteesmeasuresandtransitionals 119 06/07/2016 S.23.02–Detailedinformationbytiersonownfunds 120 14/07/2016 R0600/C0020inS.26.01.01(Currencyriskassets) 121 14/07/2016 S.06.02 122 14/07/2016 S.23.01 123 14/07/2016 S.10.01-Securitieslendingandrepos 124 14/07/2016 S.37.01 EMENTINGREGULATION(EU)2015/2450thatfollwedCP-14-052.S.02.01-R0220"Assetsheldforindex-linkedandunit-linkedcontrac 125 14/07/2016 126 26/07/2016 XBRLtaggingforS.25.01.01 127 25/07/2016 S.06.02 128 25/07/2016 S.06.02 129 05/08/2016 S.05.02andS.12.02-S.01.01 130 05/08/2016 S.12.01.01 131 05/08/2016 S.06.02/S.02.01CICcategoryofpartiallyownusedbuilding 132 05/08/2016 S.08.02-14/052Derivatestransactions 133 05/08/2016 S.36.03 134 05/08/2016 S.12.01.01Validations 135 05/08/2016 QRTS.14.01LifeObligationAnalysis 136 05/08/2016 S.12.01.01R0330R0340 137 05/08/2016 S.05.01 138 05/08/2016 QRTS.05.02Premiums,claimsandexpensesbycountry 139 05/08/2016AnnexIandII(S.26.03-SolvencyCapitalRequirements–Lifeunderwritingrisk) 140 05/08/2016 S.30.02FieldC350CreditQualityStep Question TemplateG01-S.32.01.g Field:TypeofUndertaking(D1) Whichcategoryistobeappliedtorealestateholdingundertakings? Doesitmatterifthepropertyisinownuse? Whichcategoryistobeusedforinsurancebrokersandotherinsuranceintermediaries? Theownfundsreports.23.01requiresvaluesfortotaleligibleownfundstomeettheSCRincellB50,and totaleligibleownfundstomeettheMCRincellB51.ThetechnicalannexIIstatesthatthesevaluesshouldbe equal. ThiswillnotbetruewhereanonEUinsurancesubsidiaryisbroughtintoownfunds.Inthatcaseboththe eligibleownfundstomeettheMCRandtheMCRitselfarebroughtinonalocalregulatorybasisratherthan asolvencyIIbasis.Assuchthecellscannotmatch. S.12.01requiresthesegregationofcontracts"withoptionsandguarantees",andthosewithout. ShouldthissegregationbebasedonthedefinitionofoptionsandguaranteesgivenintheTechnical SpecificationsfortheSolvencyIIPreparatoryPhase? Ifnot,whatdefinitionshouldbeused? Ifyes,howwouldthefollowingexamplesbeclassifiedunderthisdefinition: (a)5yearterminsurancecontractwithguaranteeddeathbenefit.Doestheguaranteeddeathbenefit constituteanon-financialguarantee? (b)Unit-Linkedcontractwithasurrendervalueoptionwherethesurrendervalueisdefinedasthevalueof theunits.Inthiscasethebasisforsettingthesurrendervalueispre-determinedbuttheamountitselfisnot knownattheoutset. Sheet“BS-C1D-S.02.02.b”:howshouldbethevalueof“material”currenciesdefined? WhytherearenocodepositionsprovidedforTotalvalueofallcurrenciesandValueofremainingother currencies? LOGfileJuly2012Re-J1Basic_SharesLOGitisstatedthatthetemplateshouldbefilledbynon/life InsuranceUndertakings. UnderstandingtemplateisnotapplicabletoRe-Insurancecompanies. InthenewEIOPALOGfilesitisstatedthatthetemplatesS.30.01.–Facultativecovers–Basic(oldRe-J1– Basic),andS.30.02.–Facultativecovers(intermsofreinsuredexposure)–Shares(oldRe-J1–Shares)are applicableforinsuranceandreinsuranceundertakings. wearenotquitesure,whattoreportinS.08.02.forprofitandloss. CreditDefaultSwaps Ourcontractsays,thatwedonothavetopayanyaquisitioncostsforourCDS-weareobligedtopay quarterlypremiumstoourcontractpartner.Additionally,thepremiumswepaidarebookedasunrealized lossesattheendofeveryyear(duetoanegativemarketprice).ThereforeourbookvalueoftheCDSatthe endofeveryyeariszero,thesolvencyIIvaluewouldbee.g.-400.000EUR.Asthedefinitionforprofitand losstodatesays,it'sthedifferencebetweenvaluepriceatsale/maturitydateandthevaluepriceat acquisitiondate-->itwouldbezero.Orshalltheunrealizedlosses(premiumspaid)bereportedaslossto date? FX-Swaps AsimilarproblemaswiththeCDS:wearenotobligedtopayanyaquisitioncosts,butonlythe premiums/coupons.Therefore-iftheSwapwassold-wewouldhavethedifferencebetweensalepriceand zero.Isthatcorrect? IamwritingonbehalfofSkandiainStockholmregardingthecalculationofthethresholdvalueforthe reportingofSecuritiesLendingandReposinreports.10.01(AssetsD5). Accordingtotheguidelineswehaveavailableitshouldbereportedonlyifthefollowingcriteriaismet: Itshallbereportedonlywhenthevalueoftheunderlyingsecuritiesonandoffbalancesheetinvolvedin lendingorrepurchaseagreements,withmaturitydatefallingafterthereportingreferencedaterepresent morethan5%ofthetotalinvestmentsasreportedinC0010/R0070andC0010/RC0220ofS.02.01. PleasecanyouassistusinidentifyingwhichvalueC0010/RC0220referstoaswecannotfindanyreferenceto cellRC0220inthereportingtemplateforS.02.01.Also,isitacorrectinterpretationthatthecalculation shouldbeperformedbydividingthevalueoftheunderlyingsecuritiesinvolvedinlendingandrepurchase agreementswiththesumofC0010/R0070andC0010/RC0220ofS.02.01? Wehaveaquestionregardingthereportingtemplatefors.08.02(AssetsD2T).Weareunsurehowto interpretSolvencyIIvalue(C0230(A28))forthisreport.Inthetemplatethisvalueisdefinedasthevalueof thederivativeasofthetrade(closingorsale)ormaturitydate.Usingthisdefinition,weneedtounderstand asperwhichpointintimethevalueshouldbederived.Whenapositionisclosed,shouldweusethe gain/lossarisingfromthecloseastheSolvencyIIvalueasthiswillbetheactualvalueofthederivativeatthat pointintime?Inthatcase,theSolvencyIIvaluewillbeidenticaltotheProfitandlosstodate(C0160(A18)) unlesstherehavebeencashflowsduringthetermofthederivativecontract.Isthishowweshouldinterpret thisreportingitem? 1.thereissomethingwrongwiththelinkonthewebsite.EverytimeItrytoaccessthisinformationthe screengoesblack. 2.Day1templates-ThebalancesheetS.02.01.shascolumnsforSolvencyII(C0010)andSolvencyI(C0030). PleaseconfirmthatSolvencyIbasisisthesameasStatutoryAccountsbasis(C0020).TheCPreferstoAnnexII fortheday1templatereferencesbutthereisnoday1sectionofAnnexII.Isitmissing?Pleasesendacopy. TheguidelinesforreportS10.01-Securitieslendingandrepos–stipulatesthefollowing: Itshallbereportedonlywhenthevalueoftheunderlyingsecuritiesonandoffbalancesheetinvolvedin lendingorrepurchaseagreements,withmaturitydatefallingafterthereportingreferencedaterepresent morethan5%ofthetotalinvestmentsasreportedinC0010/R0070andC0010/RC0220ofS.02.01. Allcontractsthatareonthebalancesheetoroffbalancesheetshallbereported.Theinformationshall includeallcontractsinthereportingperiodregardlessofwhethertheywereopenorclosedatthereporting date.Forcontractswhicharepartofaroll-overstrategy,wheretheysubstantiallyarethesametransaction, onlyopenpositionsshallbereported. Arepurchaseagreement(repo)isdefinedasthesaleofsecuritiestogetherwithanagreementfortheseller tobuybackthesecuritiesatalaterdate.Securitieslendingisdefinedasthelendingofsecuritiesbyone partytoanother,whichrequiresthattheborrowerprovidesthelenderwithcollateral. Wewouldliketoaskhowtointerprettheseguidelinesinthefollowingexamples. IfacompanywithinthegrouphasReposwhichrepresent5,5%oftotalinvestmentsandSecuritiesLending thatrepresent0,5%oftotalinvestments,howshouldthe5%thresholdbeapplied.ShouldonlyReposbe AccordingtotheLOGFileWording(CP-14-052-ITS),itistoassumethatthetemplateS.36.03.isnot applicabletofacultativereinsuranceandco-insurancecontracts.Pleaseconfirmourunderstanding. Incasethistemplatehasyettobesubmittedforthefacultativereinsuranceaswellasco-insurance contracts, PleaseprovideuswithadetailedguidancehowthefieldC0130(K6-NetReceivables)istobecalculatedfor those contracts.Furthermore,wearenotquitesurewheretoplaceco-insurancecontractsintheclassification providedby "Typeofreinsurancecontract/treaty"(C0110-I6)inthiscase. 1.S.30.02FieldC0050,Codereinsurer.IfthecounterparthasnotaLEIcode,theundertakinghastoprovidea specificcode.Anyruleaboutthis?Thespecificcodehastobemaintainedunchangeduntilthecounterpart adoptaLEIcode? Ifthecounterpartisapool,itcanbereportedassingleentityonlyifitisa“legalentity”.Whichisthe definitionoflegalentity? Pleaseconsiderthatifthesingleparticipantsofapoolhavetobereported,thereportedactivityisquite difficultastheparticipantschangeyearbyyearandofcourseintheS.31.01veryoldcessionshavetobe reported. 2.S.30.02FieldC0303,externalrating.Atwhichobservationdatehastheratingtobereported?Whichisthe procedureifthecounterparthasnotassignedaratingbyanominatedcreditassessmentinstitution(ECAI)? 3.S.30.01:oneriskcanbeprotectedbymorethanonefacultativecession.Arerequiredthe10largestrisks orthe10largestfacultativecessions?Havetheinfra-groupfacultativecessionstobeconsideredinthefirst 10tobereported? 4.S.30.01:oneriskcanaffectmorethanonelineofbusiness.Thismeansthatitispossibletohavethesame riskIDinmorethanonelineofbusiness.Correct? 5.S.30.01:theriskIDhastobeuniqueandshallremainunchangedforsubsequentannualreports.If,after someyears,theriskisnotanymoreexisting,canthesameriskIDbereused? 6.S.30.03,fieldC0010,reinsuranceprogramcode:ifthereisjustonetreatybelongingtoonereinsurance program,hasthefieldtobefilled?Ifnot,howcanweconnectthetreatyprotectionwiththeriskinS.30.01? 7.Lineofbusiness:whytherearenotpresentsomelobsforNonProportionalreinsurance?Forexample “NonProportionalassistancereinsurance”.Inwhichlobthistypeofcessionhastobereported?Thesame LatransparisationestelledemandéepourletemplateS.08.01pourl'exercicedu3juin? Wherecanifindinformationaboutthe"Lookthrough"fortheS.08.01?Isitrequested? S.07.01–Structuredproducts General–Thresholdcalculation WebelievethereisaflawinthetemplatethresholdcalculationformulaspecifiedintheLOGfile.TheLOGfile statesthefollowing: “Thistemplateshallonlybereportedwhentheamountofstructuredproducts,measuredastheratio betweenassetsclassifiedasassetcategories5(Structurednotes)and6(Collateralisedsecurities)asdefined inAnnexIII-AssetCategoriesofthisRegulationandthesumofitemC0010/R0070andC0010/R0220of S.02.01,ishigherthan5%.” AsperthisformuladenominatorincludesthetotalofSIIbalancesheetlineitem‘Investments(otherthan assetsheldforindex-linkedandunit-linkedcontracts)’andSIIbalancesheetlineitem‘Assetsheldforindexlinkedandunit-linkedcontracts’.Thismeansdenominatoronlyincludesnetassetvalueofentitiesincluded undertheD&Amethod. ItcouldbeinterpretedthatthenumeratorshouldincludethetotalvalueofCICassetcategories5(Structured notes)and6(Collateralisedsecurities),namelythetotalofstructuredproductsandcollateralisedsecurities S.10.01–Securitieslendingandrepos(D5)-General WeunderstandthatduringEIOPA’srecentStakeholdermeeting(heldon22ndofJanuary2015),aquestion onthescopeofS.10.01(Securitieslendingandrepos)templatewasraised.CanEIOPAconfirmthefollowing: •Therequirementinthistemplateistoreportonlysecuritieslendingandrepocontractsopenattheendof thereportingperiod. •Ifthetemplatecapturesbothopenandclosedcontracts,forquarterlyreporting(financialstabilitypurpose reporting)ofclosedcontract,therequirementistoreportonlycontractsclosedduringthequarterrather thancumulativeposition(e.g.inQ2weshouldreportthecontractclosedinQ2onlyandcontractsclosed duringQ1willnotbeincludedinQ2report). IunderstandthatreservesonpaidannuitiesforMotorTPLbusinessshouldbeallocatedtotheLifeQRTs. WhatisthesituationforIBNRonMotorTPLannuities? Ourreinsurancecompanyhasacoupleoflifereinsurancetreatiesinportfolio,buttehnicalprovisionson grossandnetbasisforlifebusinessarelessthen0,1%oftotaltechnicalprovisions.Isinthiscasepossibleto useproportionalityprincipleandonlyreportQRTfornonlifebusiness? CanyouclarifywhatCapitalProtectionis.Wearelookingforawaytoidentifythischaracteristinconour clients'securitiesandarehavingadifficulttime.Ifyouhaveexamplesthatwouldbegreataswell. WhenaclarificationisprovidedbyEIOPAthatcertainfieldsarenotapplicableforagivenscenariodoesit meanthatprovidingdataundersuchcircumstanceswillfailtheXBRLvalidation? QuestionontheS.14reportcolumnC0100whichisconnectedwiththeECBreportE.02.01.b TheS.14C0100‘productclassification’definestheoption‘4’shouldbeusedforproductsthatare‘pension entitlements’ Wewouldliketoaskformoredetaileddefinitionasweareunsureifpartofourproductsshouldbereported asapensionentitlementorasasinglelife. Theexamplesofproductinquestion: •Generalunit-linkedproductthatmaturesbydesignclosetoretirementage. •Unit-linkedproductthataccumulatesmoneyforretirementusingtaxadvantage •A‘withprofit’productthatmaturesbydesignclosetoretirementage. •Annuity TheclassificationindicatestheapplicabilityoftheECBE.02.01.breport,sotheprecisedefinitionisneeded. Isourunderstandingcorrect,thatifthebestestimateisnegative,thenitshouldbereportedasanassetin thereportsS.26.03andS.26.04? Itisstatedingeneralcomments,thattheS.06.03annexrelatestoquarterlyandannualsubmissionof informationforgroupsanditshouldcontainallcollectiveinvestmentundertakingsintheundertaking's portfolioatthereportingdate,andforeachcollectiveinvestmentundertakingsitsassetsshouldbegrouped intounderlyingassetcategories,takingalsointoconsiderationcountryofissueandcurrencyandalook throughapproach. Wewouldliketoaskwhetheritispossibletoexcludefromthereportthesecollectiveinvestment undertakings,forwhichthehighestriskmargins(typeIIequities)havebeenappliedinMCR/SCRcalculation. Canyoukindlyclarifytherequirementforlookthrough?IftheclientholdsaEURhedgedclassofaUSD mutualfunds.HowdoyoureportthefundinstrumentsweightswithregardstothehedgingoftheEUR classes? AssumingthatSCRundertakingisthesumofSCRring-fencedfundsandeachmatchingadjustmentportfolio andtheremainingpart,thistriggersirrelevanceintypesofQRT"S.26.xx.b".Indeedinthe"SCR-B2AS.25.01.b"QRT,thelogisclearonhowtoreconcileaSCR"asifnoRFFexists"andaSCRwithout diversificationeffectacrossring-fencedfundsandeachmatchingadjustmentportfolioandtheremaining part.Butitseemsthatthisreconciliationisexplainedandpossibleonlyathighlevelwithintheaggregation tree,butdoesnotmakesenseanymoreinanupstreamsub-modulelevel.SodotheQRT"S.26.xx.bserie" stillhavetobepublished,ornot?accordingto[EIOPA-BoS-14/169,p.22],"Incaseofexistenceofring- IsitcorrectthatR0010(Country)isclosedperFPS(C0030),otherwisenocountrycouldbereportedperFPS withinS.04.02.01-Informationonclass10inPartAofAnnexIofSolvencyIIDirective,excludingcarrier's liability. IntheImplementingTechnicalStandard,article3,datapointswiththedatatype"monetary"arerequiredto beinthereportingcurrency.However,intheLOGsforformS.19.01,ithasbeenindicatedthatthe informationinthisformshouldbereportedintheoriginalcurrency. Doesthismeanthatthemonetaryitemsshouldbereportedinreportingcurrency,unlessotherwisestatedin thespecificLOGsoristherequirementtoreportinoriginalcurrenciesonlyappliestothisformwithallother monetaryitemsrequiredtobereportedbasedonreportingcurrency? MCRNLcalculation(DAart.250(1)(c),templatesS.28.01andS.28.02)isbasedonnetwrittenpremiumsasa volumemeasure.Howeverdefinitionofwrittenpremiums(DAart.1point11)forreinsurancecontracts– bothwhenreinsuranceundertakingscalculatepremiumstobereceivedfromcedents(inwardreinsurance) andwheninsuranceundertakingscalculatedreinsurers’shareinordertocalculatenetwrittenpremiums (outwardreinsurance)maybeunderstoodin2differentways: Option1.“premiumsdue”arerecognizedaccordingtolastdatewhencedentshouldpaypremiumsto reinsurer, Option2.“premiumsdue”arerecognizedaccordingtolastdateofpremiumspaymentforunderlying TheEIOPAGuidelines(EIOPA-Bos-15/115)setoutthereportingtemplatesfortheinformationreferredtoin Article314(1)(a)and(b)ofCommissionDelegatedRegulation(EU)2015/35.However,wearewonderingwhy thereisnospecificmentionofthequalitativeinformationrequiredforArticle314(c)regardingMCR,SCR Definitionprovidedinthisform'sLOGforcommissionsissimilartotheacquisitionexpensesdefinition providedinS.05.01.01-premiums,claims&expensesbylineofbusinessLOG. Shouldthisbereportedasacquisitionexpensesandincludeothercostslikesalariesfortheunderwriters? Couldyoupleaseconfirmthattheacquisitionexpensesshouldincludesalariesofunderwriters. IntheDecember2014LogfortheS.21.01-Lossdistributionriskprofileform,ithadbeenindicatedthat informationonhistoricaldataisnotrequiredbutmaybefilledinabesteffortbasis.Howeverthishasbeen droppedinthelatestLOGS.Couldyoupleaseconfirmwhetherthehistoricalinformationisrequiredornot 1)Werequireclarificationonthe3methodsofaggregationwhicharedetailedintheS.25.01logandfurther inthe“GuidelinestoRingFencedFunds”paperreleasedbyEIOPA(alsoincludedintheappendixbelow). Couldyoupleaseprovidemoredetailsastothedifferencesbetweenthethreemethods?Specificallywe wouldliketoclarifyhowtheriskmodulesoftheringfencedfundsareconsolidateduptothesoloentitylevel S.25.01formundereachofthethreemethods.Aworkedexamplewouldhelpclearupanyconfusion. 2)Withregardstothe“q-factor”intheS.25.01log: a)Couldyoupleaseclarifywhethertheformulaiscorrect?Theomissionof‘diversification’(C0030/R0060) fromthedenominatormeansthattheadjustmentwillbescaledup/downwhenapportionedacrosstherisk modulesandwillnotbeequaltothetotaladjustmentapplied(C0100/R0120). b)Furtherthisadjustmentiscalculatedusingthe‘Net’figuresincolumnC0030butthenappliedtothegross figures(C0040)toarriveatthefinalSCR.Couldyoupleaseconfirmwhetherthisiscorrect,orshouldthe adjustmentbecalculatedusingthegrossfigures? C0320–Externalrating:TheLOGstatesthefollowing; “Thisitemisnotapplicabletoassetsforwhichundertakingsusinginternalmodelsuseinternalratings.If undertakingsusinginternalmodelsdonotuseinternalrating,thisitemshallbereported.” Asperourinterpretationoftheabove,ifourinternalmodelusesanalgorithmwhichincorporatesboth externalandinternalratingforSCRcalculation,weassumeallratingsareclassedasinternalratingsand reportedincellC0350(Listofassets)/C0320(Openderivatives). CanEIOPAconfirmiftheyagreewithourinterpretation? TheLOGprovidesthefollowingguidanceforthiscell: “Valueoftherepoorsecuritieslendingcontract,followingarticle75ofDirective2009/138/ECrulesfor valuationofcontracts.” Weareunclearastohowtoapplythistoasecuritieslending/repocontract.Apurefairvalueapproachisnot somethingcapturedbycompaniestodayandcannotbedeterminedwithoutsignificantcomplexity.Weare alsounclearhowsuchanamountwouldbedefinedinpractice.Hence,wehaveinterpretedthisrequirement asthefairvalueoftheunderlyingassetsofsecuritylending/repocontracts.Webelievethisvaluewould provideacomparableandmorepracticalmeasureofthecontract. AsperEIOPA’samendedCICtable(AnnexV)publishedon07August2015,assetcategory‘Totalreturn swap’appearsunderbothSwaps(CICD4)andCreditderivatives(CICF4). WealsonotedthatAnnexVI:DefinitionsoftheCICTable,providesthesamedefinitionforbothD4andF4. CanEIOPAconfirmifthisisintentionaloranerror? IfthischangeisintentionalcanEIOPAprovidefurtherguidanceastohowweshoulddistinguishbetween TotalreturnswapunderSwapsandTotalreturnswapunderCreditderivatives. InthedraftEIOPA-CP-14-047-Annexthereisavalidation387.Thisvalidationrequiresallfundsthatareon S.06.03tobereportedonS.06.02aswell.However,fromourunderstanding,forgroupreportS.06.03the eliminationofIGTsdoesnotapply.Wecanimaginethecasewheremutualfundissuedbyentitywithingroup willbeeliminatedonS.06.02butwillbereportedonS.06.03.Couldyoupleaseverifyourunderstandingand assessthecorrectnessofthevalidation387? validation387:FOREACHCOMBINATIONS.06.03.b.C0040/S.06.03.b.C0050MUSTEXISTACOMBINATION S.06.02.b.Table2.C0040/S.06.02.b.Table2.C0050WHERE(S.06.02.b.Table2.C0040=S.06.03.b.C0040AND S.06.02.b.Table2.C0050=S.06.03.b.C0050)) 1.Itisimpliedfromthelogfilesfor(s.01.03.01/04)thatBIentriesaremadeforthe'RemainingPart'ofthe business.WhatshouldC0040,C0050besettoasthereisnotafundnumberordescription?Whatshould C0070besetto(neitheroption1or2seemsapplicable;howeveritisaclosedlist)?WhatshouldC0070and C0080besetto..blank/nullwouldseemappropriatebutitisnotexplicitlystatedsoandagaintheseareto bepopulatedfromclosedlists. 2.Motherfunds.Thelogsimplythatthereisonlyonelevelofmotherfund...i.e.afundmighthavesubfunds,butagivensub-fundcannotfurtherbedefinedintermsofafurtherlevelofsub-funds(i.e.nested levels).Isthatinterpretationcorrect?ifafundismarkedinC0070issetto1(Fundwithotherfunds embedded)thenC0080issettoeither1(material)or2(notmaterial)...butthechildfundsofthatfunddo notneedtohavesetwhethertheythemselvesarematerialornot(i.e.C0070isleftblank/null). 3.Thelogsays:Incasearing-fencedfundhasamatchingportfolionotcoveringthefullRFFthreefundshave tobeidentified,onefortheRFF,otherfortheMAPinsidetheRFFandotherfortheremainingpartofthe fund(vice-versaforthesituationswhereaMAPhasaRFF). Soifwehadafund(forexamplelet’scallitFund00001)thatdoesnotstrictlyhavesub-fundsbutwhichhasa MAPwithinit;thenyousuggesttherearethreeentriesinS.01.03.namely Fund00001.Full Fund00001.MAP Fund00001.RFF_RP DoestheFund0001.FullrowhaveC0060setto1,isC0070setto2?C0080setto1or2(giventhatC0080 shouldonlybereportedforMotherfunds) DoestheFund00001.RFF_RPhaveC0060setto3(remainingpart)or2RFF? WhenwillthetemplatesandtaxonomybeavailableinthetranslatedEUlanguages? BothintermsofannotatedtemplatesandXBRLtaxonomy(assertionsetc). 1.InrespectoftheQRTsisitpossibletoknowthetypeandthelengthofeachfield(alphabetic, alphanumeric,numeric,numberofchars)? 2.InrespectofQRTS.30.03andS.30.04:afterthefirstpicturesentinApril,hastheCompanytosend possiblevariationsduringtheyear?Forexampleisitrequiredtosendanewpicturerelevanttopossible changesinthefirstsixmonths?Whichkindofchangesaresignificant?Ifchangeshavetobereported, whichinformationhavetobeissued?Inrespectoffacultativecessions(QRTS.30.01andS.30.02)onlythe firstpicturehastobesent? 3.HowdoestheCompanymanagepossiblecorrectioninrespectofwrongdatasentinprevious transmissions?Oralsointhecurrentone? 4.Afacultativecession,inthe“topten”,hasinceptiondateonthe1stofJune2016andexpirydateonthe 30thofNovember2016.Hasittobereportedinthe2017transmission(April2017)? Afacultativecessionhasinceptiondateonthe15thofMarch2017andexpirydateonthe14thofMarch 2018.Hasittobereportedinthe2017transmission(April2017)orcoulditbereportedinthetransmission 2018(April2018)? 5.IntheQRTS.30.01field170,2premiumsarementioned:grossannualpremiumewrittenreinsurance premium?Whicharethedefinitionsforthem?Ifthereportedfacultativecessioncovers2years,the premiumhastobeannualized? 6.Apolicycovers2locationsofthesameinsurer.Thelocationsareindifferentcountries.Thepolicyisceded infacultative.Isthisconsidered1or2risks? 7.Howhasthecodedexcessofloss(codedXLor“per-policy”XL)tobereported?Isitpossibletohavean example? 2.SomeoftheQRTs(suchasS.12.01.01,S.13.01.01)arepopulatedwiththecashin-flowsandout-flows reflectedinthebestestimatewhileS.14.01.01ispopulatedwithalistingofpremiumandclaimcash-flows. Whichsignconventionshouldbeused? a.Bothin-flowsandout-flowsareshownwithpositivesigns. b.In-flowsareshownwithpositivesignsandout-flowsareshownwithnegativesigns. c.In-flowsareshownwithnegativesignsandout-flowsareshownwithpositivesigns(forconsistencywith thesignoftheBestEstimateonS.12.01.01). Withupdateas07.08.2015EIOPAhasremovedtherequirementtoreportthesocalled"specificcode"from columnsC0020/C0030withrationale"asitwasnotapplicable"(cf.document"Mistakesamendedin reportinganddisclosurepackage_07082015.docx").Therequirementhasnotbeenremovedfromcolumns C0120/C0130forgroupinternalentitieswhichraisesthefollowingquestions: 1)WilltherequirementtoreportaspecificcodepersistincolumnsC0120/C0130? Ifyes,wehavethefollowingfollow-upquestionsregardingtheconstruct"identificationcodeoftheparent undertaking+ISO3166-1alpha-2codeofthecountryoftheundertaking+5digits"-apparentlyreferringto groupentitiesthatholdtheexposurestobereportedonS.37.10-asweseetheneedofamoredetailed specification: 2)Whichformatisrequestedfor“identificationcodeoftheparentundertaking”? 3)“Parentundertaking”ofwhom? 4)“Ultimateparentundertaking”orjust“parentundertaking”requested? 5)“Codeofthecountry”oftheinternalentityrequestedoroftheultimateparentofthatgroupthatreports IwouldliketoaskyouthefollowingregardingQRTspreadriskinputs: ShouldcellA14(i.e.Initialabsolutevaluesbeforeshock-Assets)includesalsothevalueofassetsthatare subjettospreadriskbytheirnature(e.g.andmosttypicallycentralgovernmentbondsdenominatedand fundedinthecurrencyofthatmemberstate)buttheriskchargeisinfact0%(i.e.nocapitalrequirementfor thesekindofbonds). Withotherwords,ifmyportfolioincludes100EURcentralgovernmentbondsdenominatedandfundedin thecurrencyofthatmemberstate,amIobligedtoincludethisvalueintotheA14cellornot? Thankyouverymuchforthereaction.Itwouldbeveryhelpful. Weareafinancialdataprovider. AmongotherthingswecollectandsupplytoourclientsallthedataconcerningSolvencyII,inparticularthe datarequiredforthefillingofQRTs. MyquestionconcernsQRTS.06.03(CollectiveInvestmentUndertakings–look-throughapproach). Arederivatives(CICcategoriesfromAtoF)includedinassetcategory“OtherInvestments”(code11-field C0060)? Inthelogfors.25.01itstatesforcellR0420/C0100:- AmountofthesumofnotionalSCRsofallring-fencedfundswhenundertakinghasRFF(otherthanthose relatedtobusinessoperatedinaccordancewithArt.4ofDirective2003/41/EC(transitional)). ThisthereforeincludesbothimmaterialandmaterialRFFsandsowouldalsorecordthecapitalrequirements ofRFFsthatdidnotrequiregranularreporting. Question1-DoesthisincludeallofaRFFthathasaMAPorjusttheremainderoftheRFFexcludingthe MAP? ItalsostatesforcellR0430/C0100:- AmountofthesumofnotionalSCRsofallmatchingadjustmentportfolios. ThisthereforeincludesbothimmaterialandmaterialMAPsandsowouldalsorecordthecapital requirementsofMAPsthatdidnotrequiregranularreporting. PleaseclarifycantheTotalSIIamountaspartofS.06.02beingreportedbeinnegative? Pleaseclarifycananundertaking/groupignorereportingthoseassetswheretheQuantity(A22)valueiszero? SomeoftheQRIsarespecifiedtobehavingDecimaldatatypee.g.S.06.02.-Quantity(A22).Canyouplease clarifyforitemswhichareclassifiedashavingdecimaldatatypebereportedinanynumberofdecimalplace WehavegotacoupleofquestionsregardingthetemplatesS.06.02andS.09.01. RegardingS.09.01(Income/gainsandlossesintheperiod),ourquestioniswhetherthepurposeofthe templatereallyistocollectinformationongainsandlossesforassetsheldinunit-linkedandindex-linked contractsaswellasforassetsnotheldinunit-linkedandindex-linkedcontracts?Ifso,whatisthe informationregardingtheassetsheldinunit-linkedandindex-linkedcontractssupposedtobeusedfor? RegardingS.06.02(Listofassets)wehavegotacloselyrelatedquestion.Wewonderwhethertheintentionis forthereportingundertakingstoreportacquisitionprice(C0160)forassetsheldinunit-linkedandindexlinkedcontracts? TheclassificatoroftemplateS.14.01showsthefollowing5elementswiththeinstructionabove. C0100ProductclassificationThefollowingcloselistshallbeused: 1-singlelife 2-jointlife 3-collective 4-pensionentitlements 5-other Ifmorethanonecharacteristicisapplicableuse“5–other”. Forannuitiesstemmingfromnon-lifeuse“5–other”. TheAustrianInsuranceAssociation(VVO)hadaskedEIOPAonthisissuewhether“pensionentitlement”is meanttobetheactualstatusofthecontractortheoriginaloneatsignature.TheEIOPAanswersaidthe actualoneshouldbeused. Currently2differentinterpretationsoftheinstructionsforthefieldsC0100andC0110inthes09.01QRT exist. Differenceininterpretationlaysinthatutilizationofcleanordirtyacquisitionvaluesinthecalculationsof NetGainsandLossesandUnrealizedGainsandLosses. Interpretation1utilizingcleanvalues Interpretation2utilizingdirtyvalues Implicationofthisinterpretationisthatthes,09.01C0100andC0110definitionsbecomesconflictive. Thankyouverymuchforthepublishedannotatedtemplatesversion2.0.1.Theyareveryhelpfullinthe drawingupofrequirementsforourinformationsystems.Wearewonderinghoweverwhytheydifferfrom thetemplatespublishesasannexestotheImplementingTechnicalStandards. Isthisintentional,andifyes,canyoupleasesharethepurposeofthedifference. Ifthedifferenceisnotintentional,canyoupleaseindicatewhichtemplatewillbeadjustedandinwhat timeframe. IntheprepphasedocumentationtheinstructionlogalsocontainedtheunderlyingcalculationlogicforaQRI, whereverrequired,inalloftheQRTswhereasintheITSthishasbeenseparatedoutaspartofCP-14-047as Annex.FromtheEIOPAsiteIonlygettodownloadthedocumenttitled"EIOPA-CP-14-047-Annex.pdf"which stilldoesnotseemtobecompleteasquiteafewofthecalculationslogicaremissinge.g.S.25.02.04related calculationsarenotthere.CanyoupleasesharemethelinkfromwhereIcangetthelatestdocumenton this?IncaseEIOPAisstillworkingonthiswhenthisworkisexpectedtobecompleted? TherearesomevalidationsspecifiedasCT(CrossTemplate)betweenS.06.02/S.08.01andS.02.01.Canyou pleaseclarifywhatistheerrortolerancethresholdinthesevalidationsastheinvestmentstemplaterequired tobereportedwithatleast2decimalplacewhereasthebalancesheettobereportedwithatleast0decimal place? ThefieldC0060(Portfolio)isdefinedasaclosedlistofthefollowingoptions:Life/Non-Life/Ring-fenced funds/Otherinternalfunds/Shareholders'funds/General. Howshouldweclassifyassetsheldforhealthinsurance? WhatisthecorrectclassificationforC0230(IssuerSector)incaseofmutualfunds? WebelievethatitshouldbeK.66.30Fundmanagementactivities(notK.64.30Trusts,fundsandsimilar financialentities),isthiscorrect? Similartothis,wealsobelievethatwehavetoreporttheLEIcodeofthefundmanagementcompany(and nottheparticularmutualfund)inthefieldC0210(IssuerCode). IncaseofthefieldC0180(Accruedinterest),itisstatedinthelogfilethatthisfieldrefersto"interestbearing securities".Doesitmeanthatthisfieldshouldbeleftemptyincaseofloans?Ifyes,doesitmeanthatthe fieldC0380(UnitpercentageofparamountSIIprice)shouldrefertoa"dirtyprice"inthesecases? Isitnecessarytoprovidetheinformationonlookthroughoffunds(S.06.03),iftheexposureisnotmaterial andwedonotapplythelookthroughforSCRcalculation? Thetemplate"S.06.02"requirestoreportindatafiels"C0280Currency"thequotationcurrencyofanasset withISOcode4217.Inpracticetherearestillinvestmentsthatarequotedin"DeutschMark"(orotherpreEUROcurrencies),whichhavenotbeenconvertedbytheissuer.TheaccordantXBRLmetric„Original currencyofexposure/transaction/instrument“resp.ISOstandarddoesnolongerconsidertheseancient DoesCICcategory09correspondstotheBalancesheetitem'Anyotherassets,notelsewhereshown',the item'Otherinvestments'orallitemsnotbelongingtootherCICcategories? Webelievethefirstcasewouldnotmakesense,sincetherewouldhencebenoCICcodefortheitem'Other investments'.Thesecondcasewouldimplythat'Anyotherassets,notelsewhereshown'wouldnotbe includedinS.06.02(togetherwithitemssuchasdeferredtax,pensionbenefitsurplusandrecovarables). WithcertainfieldsthereisnounambiguousspecificationforwhichCICcategoriesthesearetobedelivered ornotbuttherearepartlyexampleslisted,whichcanbeinterpreteddifferentlywithrespecttotheexclusion ofnotlistedoptions.Forexample,inthefieldC0360(Duration)inthetemplateS.06.02onlythefollowing vaguespecificationexistsfortheCICcategory4:"whenapplicable,e.g.forcollectiveinvestment undertakingsmainlyinvestedinbonds".Alsoforacollectiveinvestmentundertaking,whichdoesnotinvest primarilyinbonds,adurationcanbedeterminedundercertainconditions.Canthisbedeliveredthenalsoin suchcases(e.g.forCIC42-Equityfunds)inthetemplateoraresuchrecordsrejectedthen?Ormore generally:CanfieldsalsobedeliveredforassetsforwhichnoexplicitrequirementexistsonthepartofEIOPA aslongasitisnotexpresslyforbiddeninthedefinition? TemplateS.36.01,fieldC0180(Balanceofcontractualamountoftransactionatreportingdate): Inourunderstandingthecontractualamountforthetransactions,whicharenotyetsettledatthereporting date,mustbestatedinthisfield(otherwisezero). Wecanthinkoftwoexamples: 1)Normaltradeswhentraded(tradedate)beforethereportingdatebutthesettlement(settlementdate) takesplacefirstafterthereportingdate. 2)Newissues:Whentradingnewlyissuedbonds,whichtakesplaceoftentwoorthreeweeksbeforethe dateofissue(tradingbeforeissuedate),wheresettlementdateisafterreportingdate. Isthisassumptioncorrect? Inthe"EIOPA_SolvencyII_Validations_2.0.1"documentpublishedon16Dec15againstBV90thevalidationis givenas"{r0290/c0020}={r0010}+{r0030}+{r0040}+{r0070}+{r0130}+{r0180}+{r0200}-{r0280}"andforBV89it isgivenas"{r0290/C0010}={r0010}+sum({(r00300050)})+{r0070}+{r0090}+{r0110}+{r0130}+{r0140}+{r0160}+{r0180}+{r0200}-{r0220}-{r0280}".Itseemsthat deductionofr0220/C0020partismissinginBV90whichisthereintheBV89.Alsointhepreparatoryphase thisvalidationincludeddeductionofthispartwiththeQRIref"B502".PLeaseclarifywhatisthecorrect validationforBV90? ThedescriptionsofcellsC0010/R0030etC0070/R0040-R0190ofthetemplateS.16.01.01refertoaBest Estimate.IsittheBestEstimategrossofreinsurance?Ortheonethatisnetofreinsurance? Asperinstructions,itisgiventhat"ThisitemisnotapplicableforCIC71,CIC75andCICcategory9– Property."butatthesametime"None"isoneoftheallowedvaluesfor"Typeofcode".Thismeansthatfor CIC71,75&95thisitemshouldbeleftblank(inXBRLthereshouldnotbenocorrespondingtaggedline)and forotherCICcodeswherethedataisnotavailableitshouldtake"None"asthevalue(inXBRLtherebealine ThetemplateS.02.02.01asksfortheSIIbalancesheetpercurrency.Isthereanyindicationonhowtosplit theRiskMarginpercurrency?ShallwecalculatetheSCRRUbyisolatingeachcurrency,asitisadvisedforthe TechnicalchapterS.14.01.01.04hasacolumncalled"Link"(C0250)whichisnotdocumentedneitheronthe officialQRTs(Octrelease)norontheaccompanyinglog.Pleaseclarify. Twoquestions: 1)Applyingthecountryreportingthresholdbringsmorecomplexityandeffortthanotherwise(additional sortingandaggregationprocessafterthefirstaggregationprocessbyAssetCategory/Currency/Countryof Issuer.Indeed,whenrecievinglook-thoughdatafromanassetmanager,thewholeportfolioisprovided. Whatisthebenefit/logicofintroducinganadditionalprocessforreducingthegranularityofdatathatis alreadyinourpossession.Easierforundertakingstosendeverything.Alsoguidanceismissingastohowto treatliabilitiesinthiswhole"sorting"processtogettothe90%threshold.2)Lastly,thistemplateassumes thatthedatarecievedfromtheassetmanagersis100%clean.Foreg.noclosedlistvalueisforeseenfor missingcountriesvalues.Undertakingscannotaffordtocompletemissinginformationbyfetchingitfrom dataproviders.Itwouldbegoodtoforeseea"Missing"codeattheveryleastforthecountry.Alternatively, couldundertakingsusetheAAvalueortheXAvalueincaseswherethecountryismissingandcannotbe 1)Article18(1)andArticle34(1)forGroupsrequiressubmissionofQRTsrecontentofsubmissionandSCR foreachmaterialmatchingadjustmentportfolios(MAP),eachmaterialringfencedfund(RFF)andthe remainingpart.HoweverArticle18(2)andArticle34(2)onlyrequiresabalancesheettobesubmittedfor materialRFFsandtheremainingpart.Thereforepleaseconfirmnoseparatebalancesheetisrequiredtobe submittedformatchingadjustmentportfolios? 2)isthedefinitionofremainingpartconsistentthroughoutallPillar3reporting,iebalancesheetandSCR QRTsdonothavedifferentinterpretations 3)PleasecanyoualsoclarifywhattheremainingpartmeansforbothSoloandGroupBALANCESHEET reporting.Wethinkthereanumberofinterpretationsbelow: a)ItisthenonmaterialRFFandMAPsonly; b)ItisthenonMAPnonprofitfundsandshareholderfundsonly; c)ItisallotherfundswithintheSolo/GroupbalancesheetsoincludesthenonmaterialRFF,MAPs,non matchingadjustmentnonprofitfunds,shareholderfundsoftheinsuranceundertakingsandthegroupwould alsoincludeanydataforallotherentitieswithinthescopeofthegroup.Thistotalwouldn’tagreetothe balancesheetQRTthoughasitdoesn’tincludeforsoloanyinterfundeliminationsandforgroupany consolidationadjustments. d)Forgroupitis(c)butalsoincludesanyconsolidationadjustmentsandthereforethetotaloftheRFFand RemainingPartbalancesheetsagreetothetotalgroupbalancesheet; e)Forsoloentitiesitis(c)butincludesanyinterfundadjustmentsandthereforethetotaloftheRFFand RemainingPartbalancesheetSagreetothetotalsolobalancesheet, TheLogforformS.17.02.01statethatonlyinformationondirectbusinessshouldbereportedonthisform. However,thevalidationforXBRLcomparinginformationreportedinthisformandthatreportedon S.17.01.01includesthetotalgrossbestestimateamountreportedonS.17.01.01. Couldyoupleaseclarifywhichoftheseiscorrect. Question1: FurtherclarificationsarerequiredinrelationwithbusinessvalidationBV432:“Thereisatleastonesecurity reportedinTable1ofS.06.02thatisnotreportedinTable2ofS.06.02-->Template1:S.06.02;Expression: FOREVERY{S.06.02.xx.01,c0040;c0050}THEREMUSTBEONELINEIN{S.06.02.xx.02WITHEQUAL c0040;c0050}”. Itisnotfullyclearwhetherthecheckperformedonlyrequirestheexistenceofatleastonerowintable2 (informationonassets)foreachgivencombinationofc0040andc0050existingintable1(Informationon positionheld)orifthecheckimpliesthattheremustbeonlyonerowintable2foreachcombinationof c0040andc0050existingintable1. Question2: Subjecttotheclarificationprovidedonquestion1above,incaseaduplicationofinformationintable2is required,whicharetheattributestriggeringtheduplication? Question3: ForGroupsusingpartialinternalmodelsonlyoncertainentities,incasethesamesecurityispresentbothon theinternalmodelperimeterandstandardformulaone,howtoreportfortheratinginformation?Whichof thefollowingpossibilitiesshallbeapplied? a)Onlyinternalrating,b)onlyexternalrating,c)bothonthesameroword)duplicationoftherow Pleaseadvise. Shouldthecallablebondsbeclassifiedasastructuredproduct? Shouldcontingentconvertible(CoCo)bondsbeclassifiedasCIC22or25? IamstrugglingwiththeissueofAssetsheldinULfundsandtheirtreatementinthemarketriskand subsequentreporting. Imagineassets(contracts)wheretheinvestmentriskisfullybornebypolicyholders.Thereforeitisnot necessarytoincludethoseassetstothemarketrisk.Thiswouldmeanthatdatain(e.g.)R0110/C0020(Initial absolutevalueofassetsbeforeIRshock)donotincludethevalueofthoseassets(eveniftheseassetmayin factbesensitivetoIR).Inaddition,thisshouldbealsoreflectedontheliabilityside(i.e.technicalprovisions oncontractswhereinv.riskisfullybornebypolicyholderswouldbeexcludedfromR0110/C0030). Ismyunderstandingcorrectoritappliesthateventheseassets/liabilitiesareincludedinthemarketrisk reporting? Question1 Aboutthebasicprincipalonlookthroughreporting:Accordingtoourknowledgelookthroughreporting concernsbothnon-unitlinkedandunitlinkedinvestments.Isthemainprincipleinlookthroughreporting thatnon-unitlinkedandunitlinkedinstrumentsareonthereportwithoutanyspecialsigntelling,which instrumentisunitlinkedandwhichonenon-unitlinked? Aboutcaseswherenonunitlinkedandunitlinkedportfoliohasthesameinstrument: Howtoreportlookthroughassetsifsameinstrumentisin“UnitLinked”portfolioand“Non-unitlinked portfolio”(sameinstrumentinassetslisttwice,differenceisfieldUnitLinked“Y/N”)?Shouldthesebe groupedbyinstrument(unitlinkedandnon-unitlinkedtogether)asinthelook-throughreportthereisno portfolioidentificationfield(“UL”/“non-UL”)? Question2 Inthequidelinesitisstated: Quarterlyinformationshallonlybereportedwhentheratioofcollectiveinvestmentsundertakingsheldby theundertakingtototalinvestments,measuredastheratiobetweenitemC0010/R0180oftemplateS.02.01 pluscollectiveinvestmentsundertakingsincludedinitemC0010/R0220oftemplateS.02.01pluscollective investmentsundertakingsincludedinitemC0010/R0090andthesumofitemC0010/R0070and C0010/RC0220oftemplateS.02.01,ishigherthan30%. InthedocumentITSReportingAnnexII_S_15_01_LOG_clean.docx(Descriptionofguaranteesbyproduct),it ismentionnedthatforthereportingtemplate,"onlyonelineperproductshallbereported",assumingthus implicitythatVariableAnnuitiesproductscouldhaveatmostonetypeofguarantee. Incasethereareseveraltypeofguaranteesforthesameproduct,howcouldwehandleitintheconcerned reportingtempate? Forexample,incaseofVariableAnnuitiesproductshavingbothanaccumulationbenefitguaranteeanda CanyoupleaseclarifywhichamountisexpectedinC0280("Subordinatedliabilities–Amount")inthe individualandgroupversionoftheQRTS.23.04? Inbothcasesthelog-filerequests:"Thisistheamountofindividualsubordinatedliabilities." Doesthisrefertothenotionalamount,theSIIvalueoranyotheramountrelatedtosubordinatedliabilities? WenoteEIOPA'sresponsetoquestion27,inthattheamountstobeenteredrelateonlytothereporting year. Inaparticularyear,aninsuranceundertakingmaymakedownwardrevisionstoitsbestestimateinrespect ofparticularclaimsarisinginpreviousyears.Doesthatmeannegativeamountsaretobeenteredtoshow thesedownwardmovements?Itwouldappearthatthisisnotallowed,becauseallbracketsrelatetopositive valuesandtheLOGstatesonlyabsolutevaluesaretobereported. Ifnegativevaluesareindeednottobereported,howaresuchdownwardrevisionstopreviousclaimstobe reported?Isitthecasethatonlynewclaimsaretobereportedintheform(itdoesnotseemrightthat downwardrevisionsarenotreportedbutupwardrevisionsare)? Whereunlimitedexposuresexist,howarethesetobereportedintheQRT? WenotefromS.36.03that"-1"istobeenteredforunlimitedexposures;howevernosimilarguidancehas beenprovidedforthisQRT. TheLOGstatesthatalldataare"inabsoluteamount,non-cumulativeandundiscounted".Wherethereare negativeamountsthatwouldnormallybeentered,duetodownwardrevisionsinestimates,howarethese TheDisclosurelogforS.06.02statesthatexternalratingsareonlyreportedwhenprovidedbythenominated ECAIs.AndInternalratingsareonlytobereportedtotheextentusedforinternalmodellingbyaninternal modelfirm. However,canEIOPAdefinewhatafirmshoulddoifanassetdoesnothaveanyratingfromthenominated ECAIs?CanaStandardformulafirm,thatratesthisassetinternally,usetheinternalratingcolumntoreport itsinternalcreditassessmentoftheasset(despitebeingastandardformulafirm)?Furthertheseassetsare ThecalculationlogicforR0570/C0040(D51Aintheprepartoryphase)is intheprepartoryphaseD51A=MAX(0,MIN(0.2*A53A,(C48-C51A+D48)))whichintermsofrevisedQRI referencesshouldbe R0570/C0040=MAX(0,(MIN(0.2*R0610/C0010,((R0520/C0030)-R0570/C0030)+(R0520/C0040)))). ThisQRIisabout"TotaleligibleownfundstomeettheminimumconsolidatedgroupSCRforTier2"butthe calculationlogicseemstohavebeenbasedon"Totalavailableownfundstomeettheconsolidatedgroup SCR(excludingownfundsfromotherfinancialsectorandfromtheundertakingsincludedviaD&A)"rather than"TotalavailableownfundstomeettheminimumconsolidatedgroupSCR".Canyoupleaseclarifythe correctcalculationlogicfortheQRIR0570/C0040? AsperBV344ofEIOPA_SolvencyII_Validataions_2.0.1documentitisstatedthat"if{S.01.01, r0470,c0010}=[s2c_CN:x1]then{S.23.01,r0590,c0010}={S.25.02,r0220,c0100}." Asperinstructionslog(S.23.01)forR0590/C0010itisgiventhat"ConsolidatedGroupSCRcalculatedforthe consolidateddatainaccordancewithArticle336(lettera-b-c-d)ofDelegatedRegulation(EU)2015/35" 1.CanthisinbriefbetakenasSCRforgroup(allundertakings)underConsolidationmethod1exceptSCR calculatedforundertakingsonD&Amethod 2.DoesthismeanthatS.25.02.04-R0570/C0100=R0220/C0100+R0560/C0100? 3.IstheformulaforS.23.01.04-R0630/C0010=(R0520/R0590)/C0010ORintermsofSCRtemplateshould thisbeS.23.01.04-R0630/c0100=S.23.01.04-R0520/C0010/(S.25.02.04-(R0220-R0500)/C0100)? IntemplateS.08.02.01,shallwecreate2linesforacurrencyforwardcontract(onewithC0310=the purchasedcurrencyandC0130="Buyer",andasecondonewithC0310=thesoldcurrencyandC0130= "Seller")?Ifonlyonelinehastobecreated,wherecanweindicatethepurchasedcurrencyandthesold currency? Ihavetwoquestionsregardingthebusinessvalidationinthereference. Itstatesthat: {S.28.01,r0210,c0050}+{S.28.01,r0220,c0050}>={S.12.01,r0010,c0020}-{S.12.01,r0020,c0020}+{S.12.01, r0090,c0020}+{S.12.01,r0110,c0020}+{S.12.01,r0120,c0020}+{S.12.01,r0010,c0110}-{S.12.01, r0020,c0110}+{S.12.01,r0030,c0110}-{S.12.01,r0080,c0110} 1)ItseemstomethatthevalidationdoesnotinlcudetheAmountofthetransitionalonTechnicalProvisions regadingtheAcceptedreinsuranceonInsurancewithprofitparticipation.Canyoucommentonthisplease? 2)Isthereasonfor">="typeofinequality(otherwiseIwouldsaythatitshouldbethe"="): a)theproblemIhavementionedunderpoint1) b)Level2Article251(2) c)somethingelseoralltheabove? CouldyoupleaseprovidemoredetailsonthispartofthewordingoftheLOG: "ThisamountshouldincludetheapportionmentfromtheTechnicalprovisionstransitionalinaccordance withthecontributorymethodologyusedforthepurposesofMCRcalculation." Whatismeantby"apportionmentfromtheTechnicalprovisionstransitional"? Whatismeantby"contributorymethodologyusedforthepurposesofMCRcalculation"? Wherethereportingentity,inrespecttoaprioracquisitionofasubsidiaryundertaking,hasanobligationto payadditionalproceedstothevendorwherecertainstipulatedthresholdsareexceeded,howisthe maximumvaluetobedetermined?Intheory,thereisnolimittotheamountthatcouldbepaid,giventhat suchadditionalamountsarecomputedasapercentageoftheexcess.Pleaseadvise. InGuidelinesongroupsolvency,itisindicatedthat"whencalculatingthegroupsolvencycapital requirementsfortheremainingconsolidateddata,intra-grouptransactionsshouldbeeliminated,whileintragrouptransactionsbetweentheremainingconsolidateddataandthematerialring-fencedfundsshouldnot beeliminated." WhenreportingC0020,C0030andC0040intemplateS.03.01.04(forgroup),dowehavetoapplythisrule? Distinctionbetweenreportingaccuracyandvalidationacuracy. Canyoupleaseconfirmthatthetableonpage11ofdocumentEIOPA-15-253paragraphS.2.18.(c)definesa distinctionbetweenreportingaccuracyandvalidationaccuracy.AndamIcorrectinreadinginlineb.thatthe reportingaccuracyforthetemplateswherethedatatypeismonetaryisinunitswith0decimals,the validationaccuracydependsontheamountandcangoashighas9999foramountsin100mln. AlsoamIcorrectinassumingthatwherethetotalofaninvestmenttypeinaninvestmentportfolioishigher than100mln,thevalidationbetweenthedetailedlistofassetsandthebalancesheetwillnotproducea validationerroruntilthedifferenceishigherthan9999. TheLOGforthisinformationindicatethatthisformshowsthedistribution,inpredefinedbrackets,ofclaims incurredduringthereportingyear.Claimsincurredisalsodefinedinthelogsassumofclaimspaidandgross RBNS. Myunderstandingasstipulatedinthelogsisthattheinformationtobereportedinthisformshouldbethe sumofclaimspaidduringthereportingyearplusRBNSattheendofthereportingyearandthisisallocated totherespectiveunderwriting/accidentyearandtherespectivepredefinedbrackets. Couldyoupleaseconfirmwhethertheaboveinterpretationiscorrectorwhichofthebelowinterpretationis correct: -SumofpaidclaimsduringthereportingyearplusRBNSattheendofthereportingperiod. -SumofcumulativepaidclaimsplusRBNSattheendofthereportingperiod. -SumofpaidclaimsduringthereportingyearplusmovementinRBNSduringtheyear(SimilartoGAAP) -SumofcumulativeclaimspaidplusmovementinRBNSduringtheyear TheLOGforcolumnC0310oftemplateS.08.01CreditQualityStepofderivativesdoesnotstateexplicitlythat itonlyrelatestoover-the-counterderivativesasdoestheLOGforC0290.Itwouldbelogicalforthesecellsto berelatedandthereforeforC0310alsoonlytobeapplicabletoover-the-counterderivatives.Afterall,ifno ratingisreported,thecreditqualitystepcannotbederived. TemplateS.08.02DerivativesTransactionscontainsacellSolvencyIIvalueforderivativesthatareclosedand thereforearenolongerownedbytheundertaking.Thiscellcannotbefilledasaderivativethatisnolonger ownedbytheundertakinghasnovaluefortheindertaking. WhyisthelistoflineofbusinessreportedinC0160donotfollowthelistoflineofbusinessdefinedinthe delegatedact? Forinstancecode"32"inthedelegatedact="31"intheITS="Otherlifeinsurance" Isthereanyparticiularreason? Ifnot,isthereawaytoaligntheITSexpectationonthedelegatedact? Havingthecodealignedwillhelptotodefineacommonframework Thanksalotforyourfeedback BothS.30.02andS.30.04askforinformationaboutbrokers.Whatistobeprovidedinthesituationwherean insurerhasenteredintoareinsurancearrangementwithouttheuseofanintermediary?Sinceblankentries wouldnotappeartobeallowed,weareassumingthattheinsureristoberegardedasitsownbrokerandfor therelevantfieldstobecompletedaccordingly.Pleaseconfirmyouagree;elseprovideguidanceastothe Iwouldbemostgratefulforyourviewontheyear1completionoftheS.29templates(S.29.01,S.29.02, S.29.03,S.29.04),themovementincapital/reservesetc–asthiscontainscomparativeyearfigures. FILLifeInsurancehasa30thJuneyearendandisthereforenotrequiredtosubmitaday1position.My questionthereforeconcernswhetherwearesupposedtocompleteS.29for30thJune2016asthereisno comparativeorareyourexpectingthecomparativetobeourtheoreticalpositionasat1stJanuary2016. WhichCICcodeisthemostappropriateforovernightdeposits.ShallitbeXT72orXT73 FieldsC0320toC0350inclusiveofS.06.02(andC0210toC0240inclusiveofS.31.01)considerthecredit ratingofaparticularexposure.TheLOGforS.06.02isclearthat,whereaninternalratingisusedforan internalmodelfirm,fieldsC0320toC0340arenottobereported.Wethereforehavethefollowing questions: 1)WhereaninternalratingisusedintheSCRcalculationofastandardformulafirm(asrequiredbythe DelegatedRegulationforlarge/complexexposures,forinstance),becauseC0350isnottobereported(the LOGstatesthisisonlyapplicabletointernalmodelfirms),isanythingtobereportedatallinfieldsC0320to C0340?Yes,itwouldbepossibletoprocureanexternalrating,butsuchanexternalratingwouldnotbeused intheSCRcalculation. 2)TheLOGforS.31.01isnotsoclearregardingtheinteractionbetweentheexternalandinternalratingfields Difficultyinterpretingthecorrectinputsforthistemplatebasedonthelatestversionofthelogfile.Two possibleinterpretations; Generallythesheetrelatestoclaimsincurredamounts,andtheissueisclaimsincurredduringaccounting year(profitandlosstypefigures)vscumulativeclaimsincurredamounts(actuarialincurredtriangle,latest diagonalfigure).Thefirstinterpretationappearsdifficulttoworkwithasthereisnoadviceinthelogfileon howonewouldaccountfornegativemovementsontheexceltemplate.Italsoseemslessinformativein termsofprovidingvaluableoverallclaimsexperienceinformation. Wewouldappreciatefeedbackontheabove,andanyfurthercommentaryonthisparticularlogfilethat wouldmakethecorrectinterpretationcleartous. Thankyou. ForwhatconcernsGroupreportingonS.05.02–Premiums,claimsandexpensesbycountry,howthehome countryshallbedefined: a)homecountryoftheparentcompany b)aggregatedsumofallpremiums(and/orotheritems)underwritteninhomecountryofeachundertaking beingpartoftheGroup. TheLOGfileforcellC0230SolvencyIIvalueandtheanswertoquestion8intheQ&Aareveryambivalent. Wewouldlikeyoutoclearupthefollowing. ThevalueinthereportisnotasstatedintheLOGfile"asofthetrade...date",butatthetradedate.Asofthe tradedatewouldmeaneversincethetradedate.Inthatperiod,thevaluefortheundertakinginnil,asitis nolongerownedbytheundertaking. Also,thevalueinthereportisnotasstadedintheQ&A"atthematuritydateofsellingdate",butatthe TheLOGfileforcellC0230doesnotstatethat"Whenacontractisstillopenbuthasbeenreducedinsizethe closedportionshallbereported." CanyoupleaseconfirmthatthisisalsothecaseforcellC0230. Canyoualsogivesomeguidanceastothesupervisorypurposeofthisparticularfieldordirectusto documentationspecifyingthesupervisorypurpose.Wecouldnotfindanyinthedocumentation. HowtodealwithundertakingswhereD&Amethodisusedforgroupsolvencycalculation,e.g.undertakings intheUSwheretheequivalenceisgranted? ShouldS.15.01.04andS.15.02.04(GroupQRTs)coveralsoundertakingsincludedviaD&A? AtthemomentweareworkinghardtoimplementsolvencyIIQRTreports.Weareimplementingreports withdatawhichcanbereadintotheimportexcelsheetofT4U. Indoingsoweencounterthefollowingproblem: ForinstanceintheEIOPAdefinitioninthe‘S.06.02–Listofassets’Reportthedefinitionofportfoliois definedasthefollowingclosedlist: -Life -Non-life HoweverthisisimplementedinT4Uaslife(splitsapplicable).Theresultisweareconfrontedwithalotof validationerrorwhenfillingthereport. Anotherexampleisthevalueofthecountryofcustody:definitionisISO3166-1alpha-2codeofthecountry f.i.‘UK’andT4Uasksfor‘UNITEDKINGDOM’.SomeofthesevaluesevenchangeperversionofT4U! Itwouldbehelpfulifweknowupfronthowacolumnisfilled. WhyaretheXBRTvalidationrulesnotcompliantwiththeseEIOPAdefinitions? Fromthelog-fileto2105/2450itisstated: Theinformationshallbefilledinrelationtonon-lifebusiness(includingNon-SLTHealth)onlyforthedirect business.Thereshallbeaseparatetemplateforeachlineofbusiness(LOB). Thelossdistributionprofilenon-lifeshowsthedistribution,in(predefined)brackets,oftheclaimsincurred duringthereportingyear. Claimsincurredmeansthesumofgrossclaimspaidandgrossreportedbutnotsettledclaims(RBNS)ona casebycasebasisforeachandeverysingleclaim,openorclosed,whichbelongstoaspecificaccident year/underwritingyear(AY/UWY). -OnlyclaimsincurredduringthereportingyearN! QA,EIOPA(nov2015) https://eiopa.europa.eu/Publications/Guidelines/CP-14-052_11-02-2016.xlsb Row30: Q:IntheDecember2014LogfortheS.21.01-Lossdistributionriskprofileform,ithadbeenindicatedthat informationonhistoricaldataisnotrequiredbutmaybefilledinabesteffortbasis.Howeverthishasbeen droppedinthelatestLOGS.Couldyoupleaseconfirmwhetherthehistoricalinformationisrequiredornot? A: Thereferencetohistoricaldatawasremovedfromtheinstructionsofthetemplateasthetemplatedonot coverhistoricaldata.Inthetemplate“numberofclaims”and“totalclaimsincurred”shouldbereportedin relationtothe“claimsincurredduringthereportingyear”.Forthisclaimstheaccident/underwritingyearsN TheLOGguidanceforcellC0080(Externalrating)statesthefollowing: “Ratingoftheexposureatthereportingreferencedateissuedbythenominatedcreditassessment institution(ECAI).” WehaveinterpretedtheaboveLOGguidancetomeanthatweshouldreporttheexternalratingofthe instrument/assetsratherthantheexternalratingofthecounterparty.Asderivativesdonothaveratingswe plantoleavethiscellblankforexposuresarisingfromderivatives. CanEIOPAconfirmthis? PropertyheldforownusereportedinthetemplateS.02.01BalancesheetshouldbeequaltotheProperty, heldforownusethatreportedinthereportingtemplateS.06.02. Unfortunately,wehavemanybuildings,whicharepartiallyown-usedandpartiallyrented.Asweuseonly oneAssetIDcodeperbuilding,wecanassignonlyoneCICcodeintheS.06.02.01.02template(whichisXT93 ifmorethan50%isown-usedorXT91/XT92viceversa). ShouldwesplitthebuildingsintodifferentAssetIDcodes(foruptothreeCICcategories)orshouldweassign Inacurrencyforwardcontract,ifthetwocurrenciesinvolvedareforeigncurrencies,shallwecreate2lines foracurrencyforwardcontract(onewithC0310=thepurchasedcurrencyandC0130="Buyer",anda secondonewithC0310=thesoldcurrencyandC0130="Seller")? Iamstrugglingwiththebusinessvalidationnb.475(andsomeothersvalidatingthesameexceptforthe differentLoBs). ThevalidationsaysthatnetTPforIncomeprotection(intheS.17.01)shouldbelowerthanthenetTPas presentedintheS.28.02non-lifeactivities.Itdoesnotmakesensetome.HowcomethatTPforLoBshould belowerthanTPforLobrelatingtoNLactivitiesonly? Erromessagesays: PleaseconfirmwhatvalueshouldbeinsertedinR0220.AccordingtothevalidationcheckBV136 R0220/C0100shouldbethesumofR0210/C0100(add-ons)andR0200/C0100. R0200representsdiversifiedpartoftheconsolidatedgroupSCR(Article336pointa)oftheCommission DelegatedRegulation.ShouldthevalueinR0220includealsootherelementsoftheconsolidatedgroupSCR? IsthereabetterformulafortheGroupSCR? Shoulditbe R0680=R0590+R0670; whichis GroupSCR=ConsolidatedGroupSCR+SCRforentitiesincludedwithD&Amethod? ThelogforS.14.01templatespecifiesthat“Annualisedguaranteerate”fieldshouldbepopulatedonlywhere aguaranteerateisprovidedinthecontract.Whilebeingcommoninsomemarkets,thisisnotusuallyfound inothers.ForexampleUKconventionalwithprofitscontractsdoprovideguaranteedbenefits(cash surrendervalues,maturityanddeathbenefits),however,thereisnoexplicitreferenceofanyguaranteed rateprovidedinthesecontracts.Forsimilarproductswithoutexplicitreferencetoaguaranteerateinthe ForthepurposeofreportingsignificantIGT,shoulddepositsofinsuranceundertakingsmadeatabank belongingtothesamegroupbereportedinS.36.01?Shouldthegroupreportalsothemovementsonits regularbankaccount,iftheaccountisheldinthebankbelongingtothesamegroup,orshouldonlydeposits bereportedasIGTbetweentheinsuranceundertakingandthebank? Weaskaconfirmationaboutthefinancialguaranteethatshallbereportedeitherin: •S.03.01relatedtoOff-balancesheetitems;or •S.36.04relatedtoIGT. S.03.01isaskingnottoreport‘internalguaranteeswithinthescopeofthegroup’. Inourinterpretation,internalguaranteesarethosewherebothguaranteedandguarantorarecompanies withinthesameGroupregardlessthebeneficiary. Withthesamelogicasabove,wewouldpopulateS.36.04. Canyouconfirmtheabovementionedinterpretation? Inaddition,withinS.03.01,howtheguaranteeswherethereportingentityisthebeneficiaryaretobe reported? a.asfinancialguaranteereceived b.ascollateral c.other WeareapplyingMethod1:AccountingConsolidationMethodtocalculategroupsolvency.Includedinour groupisaregulatedBankandunderMethod1,weincludeitssectoralcapitalrequirementsinthe consolidateddata. OntheQRTS.25.01.04,weneedtoincludethisSectoralcapitalbeforeR0220:SCRforundertakingsunder ConsolidatedMethod. HowevercouldyouadviseinwhichlineaboveR0220weshouldbeaddingtheSectoralcapitalrequirements? WenotethatthereisspecificlineonR0160wheretheCapitalrequirementforbusinessoperatedin accordancewithArt.4ofDirective2003/41/EC,shouldbedisclosed.Canthisbeusedusedforotherfinancial andcreditinstitutionssectoralcapitalrequirements? wedohaveaquestionregardingQRTS.06.02(ListofAssets)andarelookingforwardtoreceiveyour assessment. Followingsituation:Aninsuranceundertakingpurchasedpositionsofthesamesecurity(e.g.bond)attwo differentdates.Thatmeanseverythingisequal:ISIN(AssetCode),CountryofCustody,Portfolio,….Theonly differencesbetweenthetwopositionsaffecttheabsolutevalues,e.g. •Acquisitionvalue •TotalSolvencyIIamount •Accruedinterest IntheLog-FilesofQRTS.06.02isdescribed: “OnthetableInformationonpositionsheld,eachassetshallbereportedseparatelyinasmanylinesas neededinordertoproperlyfillinallvariablesrequestedinthattable.Ifforthesameassettwovaluescanbe attributedtoonevariable,thenthisassetneedstobereportedinmorethanoneline. OnthetableInformationonassets,eachassetshallbereportedseparately,withonelineforeachasset, fillinginallapplicablevariablesrequestedinthattable.” Howshouldtheotherfinancialsector’sSCRbeincludedwithinQRTS.25.01.04forGroups? TemplateS.01.02-typeofundertaking Couldyoupleaseadviceifthefirstoption"1-Undertakingspursuingbothlifeandnon-lifeinsuranceactivity" isappopriateforreinsurancecompanypursuingbothlifeandnon-lifebusinessorisitreservedforcomposite InS.36.01toS.36.04informationonallIGTsshouldbecollected.TheLogfilemaynotresolveallourdoubts regardingthecorrectinterpretationoftheterm"intragroupTRANSACTIONS".Whatistheexpected interpretationoftheterm"transaction"inthiscontext? Does"transaction"correspondtobusinessactivitieslikee.g. -agroupentitysellsasecurityissuedbyagroupexternalcounterpartytoanothergroupentity -agroupentityinvestsinabondwhichisissuedbyanothergroupentity -twogroupentitiescloseareinsurancecontractwhichtransfersinsuranceriskfromonegroupentityto anothergroupentity? Ordoestheterm"transaction"refertogroupinternalassetsandliabilitiesrecognizedinthesoloSolvencyII balancesheetswhichareeliminatedduringconsolidation? IntheQRTS.19.01theinflationratesarereportedinRowsR0700-R0750. IfthereportisruninReportingCurrency(LC)whatarethecorrectvaluestobeshownhere? InouropinionitisnotreasonabletocalculateanaveragevalueofalldifferentinflationratesperOriginal Currency(TC)foronespecificLineofBusiness. ForcellR0020,C0070thelogguidancestatesthefollowing: “Itshallbethedifferencebetweenthebasicownfundsconsideringtechnicalprovisionswithoutvolatility adjustmentandwithoutothertransitionalmeasuresandthemaximumbetweenthebasicownfunds consideringtechnicalprovisionsreportedunderC0010,C0020andC0040.” WebelievetheobjectiveofthecellR0020,C0070istoidentifytheimpactofvolatilityadjustmentonbasic ownfunds.Inourview,thatnumbercanbearrivedatbyusingthefollowingsimpleformula. C0070=C0060–C0010–C0030–C0050 WearealsooftheviewthattheaboveformulacanbeappliedforallcellsincolumnC0070. SimilarlywebelievenumbersforallcellsincolumnC0090canbearrivedatbyapplyingthefollowing formula. C0090=C0080–C0010–C0030–C0050–C0070 CanEIOPAconfirmiftheyagreewithus? AsperEIOPAvalidationfile,validationBV505isasfollows: {S.23.02,r0660,c0110}Excessofassetsoverliabilitiesattributabletobasicownfunditems(excludingthe reconciliationreserve)={S.23.01,r0730,c0060}Otherbasicownfunditems CellR0730ofS.23.01includes,amongotherthings,surplusfundsandnetdeferredtaxassets.Hence, includingthesetwoitemsincellR0660ofS.23.02willcausedoublecountingastheseitemsarealreadytaken accountofinassetvaluationdifferences(R0600),technicalprovisionvaluationdifferences(R0610)orother liabilitiesvaluationdifferences(cellR0620).Therefore,webelievevalidationBV505isincorrect. ThereconciliationincellsR0600toR0700ofS.23.02toworkthevalidationBV505shouldbeadjustedas follows: {S.23.02,r0660,c0110}={S.23.01,r0730,c0060}-{S.23.01,r0070,c0010}-{S.23.01,r0160,c0010} CanEIOPAconfirmiftheyagreewithus?IfEIOPAagreeswithus,canweaskEIOPAtocorrectthevalidation WhatshouldbereportedinR0600/C0020inS.26.01.01?NoITSisavilableforthis.Weseethreepossibilities: 1)Itshouldnotbereported 2)Itshouldbethevalueofonlytheassetsunderthechosencurrencyscenario,asthelabelsindicate 3)Itshouldbethenetvalueofassetsminusliabilitiesunderthechosencurrencyscenario WehavebeentoldthatsomeauthoritiesrequestthefieldsQuantityandTotalparamounttobeemptyin caseofCIC=9(Property)butwehavefoundnoreferenceinthetechnicalspecifications.Couldyouplease commentonthis? ConsideringthatR0220isonlyopenregardingC0010,couldIpleaseaskforclarificationregardinghowthis amoutistobeconseredinotherrows,suchasR0290,R0500,etc? InyourQ&ALOGtitled“AnswerstoquestionsontheFinalreportontheITSonthetemplatesforthe submissionofinformationtothesupervisoryauthorities(CP-14-052)”youhaveprovidedthefollowing answertoquestion10on06/11/2015. “Ifthecontractsareclosedtheunderlyingsecuritiesarenolongerinvolvedinlendingorrepurchase agreementsandthereforethiscontractsshouldnotbeincludedinthetemplate.” TheaboveclarificationcontradictsthefollowingsentenceincludedintheLOGfileforS.10.01 “Theinformationshallincludeallcontractsinthereportingperiodregardlessofwhethertheywereopenor closedatthereportingdate.” CanEIOPAreconfirmthatwearenotrequiredtoreportsecuritylending/repo/reverserepocontractswhich wereclosedbeforereportingdateinS.10.01? IsS.37.01(Riskconcentration)toreportalltheriskswithasinglecounterpartyortoreporttheriskswith multiplecounterparties? WekindlyaskyoutoclarifiytheexpectationwithregardtothescopeofissuestobepresentedunderR0220 "Assetsheldforindex-linkedandunit-linkedcontracts"ofS.02.01. Asofourinterpretationthisbalancesheetitemmustmatchwiththesumof... a)theSIIValueasofC0170inS.06.02forthoseassetsmarkedas"1—Unit–linkedorindex–linked"inC0090 plus b)theSIIValueasofC0240inS.08.01forthoseassetsmarkedas"1—Unit–linkedorindex–linked"inC0080. InapreviousversionoftheQRTs(asofconsultationstarted12/2014)therewasanaccordantvalidationin place: DB37,S.02.01.b.C0010/R0220=(sum(S.06.02.b.Table1.C0170/R....)IFS.06.02.b.Table1.C0090/R....=1)+ (S.08.01.b.Table1.C0240/R....)IFS.08.01.b.Table1.C0080/R....=1) SuchavalidationthatclearlydefinesthescopeofS.02.01-R0220isnolongerdefinedintheXBRLtaxonomy 2.0.1. Somestakeholders(esp.localauthorities)interpretesthisasevidencethatalsootherliabilitiesandother ShouldalltheQRIsincludingtheonesnotapplicableforourbusinessshouldalsobereportedintheXBRL taggedfilewithfactvaluebeing"0"e.g.R0040/C0010(HealthU/wrisk)isnotapplicabletoourbusiness- shouldthisbereportedwithfactbeing"0"orshouldwecompleteomitthetaghavingnotraceinthexbrlfile forthis? IsthisresponseapplicabletothisQRTaloneorallofthenon-investmentQRTs? WhichvaluationmethoddoyouexpectincaseofCIC=71(coins¬es). Whichvaluationmethoddoyouexpectincaseofbonds,whichareonly/mainlyOTC-tradedbutstillhighly liquidwithhightradingvolumesandlowbid/askspreads? InS.01.01wehaveoption"Notdueinaccordancewithinstructionsofthetemplate"forS.05.02andS.12.02. Couldyoupleaseclarifywhenthistemplateisnotdue?Instructionsarenotclear. IhaveaquestionontheSurrenderValuedisclosureinR0300oftemplateS.12.01.01,specificallyfor“Indexlinkedandunit-linkedinsurance”businessincolumnC0030.Wehaveassumedthatthiscolumncaptures bothpureunit-linkedbusinessandtheunit-linkedportionofUWPbusiness.Weareassumingthatthe surrendervaluedisclosureinthiscellcapturesthesurrendervalueforallbusinesswithinthislineofbusiness (thesurrendervalueiseffectivelyequaltotheunitisedfundvalueforallbusinessinthiscolumn).However,I noticethatrecentEIOPAQ&AresponsesfortheS.41.01.11SurrenderRateFinancialStabilityQRTclarifies thatthisS.41.01.11surrenderratedisclosureshouldspecificallyexcludepureunit-linkedproducts. CanyoupleaseclarifywhethertheS.12.01.01SurrenderValuedisclosureinR0300/C0030shouldcaptureall businessinthe“Index-linkedandunit-linkedinsurance”column(pureunit-linkedbusinessandtheunit- IaskedthisquestionalreadybutIthink,itwasmaybemisunderstood. PropertyheldforownusereportedinthetemplateS.02.01BalancesheetshouldbeequaltotheProperty, heldforownusethatreportedinthereportingtemplateS.06.02. Unfortunately,wehavemanybuildings,whicharepartiallyown-usedandpartiallyrented.Asweuseonly oneAssetIDcodeperbuilding,wecanassignonlyoneCICcodeintheS.06.02.01.02template(whichisXT93 ifmorethan50%isown-usedorXT91/XT92viceversa)foreachsinglebuilding. ShouldwesplitonebuildingintodifferentAssetIDcodes(foruptothreeCICcategories)anddifferentCIC categories,evenifitisstillthesamebuilding? OrshouldweassigntoeachbuildingonlyoneCICcode?ThiswouldcauseinEBSthatthewholemarketvalue ofthemixed-usebuildingswouldbeassignedtoeitherown-usedorrentedpropertyaccordingtothemajor usageofthatparticularbuilding. Asinglederivative(withasinglederivativeIDcode)istraded/sold(e.g.options)partiallyatdifferentpointsin time.Inouropinionthisleadstodifferentmaturitydatesforasinglederivativeidcode. Butthecombinationofasingleidcodewithvaryingmaturitydatesisnotallowedbythefilingrules. WehaveaquestioninrelationtoS.36.03QRT(IGT-InternalReinsurance)-C0090-"ValidityPeriod(expiry date". TheLOGstatesthattheitemisnottoreportedifacontractiscontinuousandendsbyoneoftheparties givingnotice.Forthispurpose,ifatreatystartsat01.01.20XXandendsat31.12.20XXbutisautomatically renewedeveryyear(thereinsurerremainsresponsibleuntilthenaturalexpirationorcommutationofthe treaty),woulditbeconsideredtobecontinuous?Thestructureimpliesthatthereisanexpirydatainthe IamwonderingwhythevalidationR0040=R0050+R0060+R0070(forselectedcolumns)isnotdefinedby theEIOPA(itismissinginthelistofvalidations)?ThistypeofvalidationisintroducedfortheS.17.01.01 (technicalprovisionsnon-life). Doyouommitedthisvalidationwillinglyorisitmissingandwillbeadded? Couldyoupleasespecifyinmoredetailwhatkindofdataisexpectedw.r.t.acceptedreinsurance. Shallthedatareflectthecontractsandproductsintheportfolioofthedirectinsurerorthecontracts betweenreinsureranddirectinsurer? Doese.g.thecontractinnumberofcontractsrefertothecontractbetweenreinsureranddirectinsurer?Or tothenumberofcontractsintheportfolioofthedirectinsurerthataresubjecttothereinsurancecontract? Ihaveaquestionregardingfollowingrows: R0330=Bestestimatesubjecttovolatilityadjustment R0340=Technicalprovisionswithoutvolatilityadjustmentandwithoutotherstransitionalmeasures Iwouldlitetoaskforafurtherexplananationoftheserows;IamnotsureifIunderstanditproperly. 1.R0330 Ithinkthisvalueiscleartome,soIjustwanttocheckmyunderstandingiscorrect.R0300includesthevalue ofgrossbestestimatewhichissubjecttothevolatilityadjustment.ValueinR0300iscalculatedwithvolatility adjustment.R0300isthereforeapartofaR0030.AmIcorrect? 2.R0340 LOGstates:"Amountoftechnicalprovisionswherethevolatilityadjustmenthasbeenappliedcalculated withoutvolatilityadjustment,foreachLoB." R0340isthesumof: i)amountofbestestimate(exactlythevalueinR0330)wheretheVAhasbeenapplied,butforthepurposes ofthisrow,thevolatilityadjustmentisdisregarded. Whichsignconventionshouldbeused?Shouldbeanincomealwaysshownwithpositivesignandan expensealwayswithanegativesign? WearewonderingwhetherS.05.02isastaticordynamicQRT.Moreprecisely,isthenumberofcolumns (Top5countries)predefined?Orisitpossibletohavemorethan5countries(inadditionofthehome country)inthistemplateforbothLifeandNon-Lifeactivities. IhaveatwoquestionsregardingcellsR0100/C0020andR0100/C0030. 1)WhatistherationalebehindtheinclusionofreinsurancerecoverablesinthecellR0100/C0030insteadof R0100/C0020.Thisisnewinthelegislation.InthepreviousversionsofQRTthereisnomentionofreporting netTPinR0100/C0030andwesupposedthatreinsurancerecoverablesarepartoftheR0100/C0020. 2)Takingintoaccountthefactthatreinsurancerecov.arepartoftheR0100/C0030,Iwonderwhatpossibly canbeincludedintheR0100/C0020?Whatkindofassets(exceptreinsurancerec.)aresensitivetolifeudw IsthetablerelevanttotheInsurersFinancialStrenghtRatingalreadyavailable?IsitcorrecttosaythatEIOPA willprovidethetable? Answer Thefactthatthepropertyisinownuseisnotdeterminative.Whatmattersisthattheancillaryservices undertakingisintendedtoassisttheinsuranceorreinsuranceundertakings.Owningand/ormanaging propertymeansinmostofthecountries,tomanageforthepurposeoftheinsuranceorreinsurance undertakingsonly(excludingforthebenefitsofthirdparties).InS.32.01(G01)arealestateholdingcompany oraninsuranceintermediarycanbeclassifiedas“anancillaryservicesundertaking”ifthedefinitioninArticle 1(53)oftheDelegatedRegulationismet(#10)orotherwiseas“other”(#16forpreparatoryphaseand#99in thefinalinstructions).Incaseofdoubt,anyspecificclassificationhastobediscussedbetweeneachgroup andthegroupsupervisor. TheoldcellsB50andB51existedintheindividualtemplateonly.Thecorrespondentcellsinthegroup templatewereB50AandB51A.Thiscellsweretobereportedreflectingtheconsolidatedpartonly.Assuch, thevaluesfromanynonEUinsurancesubsidiarybroughtinwithdeductionandaggregationmethod,using localregulatoryvalues,shouldnotbereflectedinthosecells.Thosevalueswouldonlybereflectedinthe calculationofthe“RatioofEligibleownfundstoSCRincludingotherfinancialsectors'ownfundsandcapital requirements”(cellA55Bfromthepreparatoryphasetemplate). Pleasenotethatcellshavebeenaddedandthesituationmadeclearerinthelastversionofthetemplate. PleasenotethatthissituationhavebeenfurtherclarifiedintheFinalReportrelatedtotheReportingITS. Linesofbusiness“Index-linkedandunit-linkedinsurance”,“Otherlifeinsurance”and“Healthinsurance”are splitbetween“Contractswithoutoptionsandguarantees”and“Contractswithoptionsorguarantees”.For thissplitthefollowingshouldbeconsidered: -“Contractswithoutoptionsandguarantees”shouldincludetheamountsrelatedtocontractswithoutany financialguaranteesorcontractualoptions,meaningthatthetechnicalprovisioncalculationdoesnotreflect theamountofanyfinancialguaranteesorcontractualoptions.Contractswithnon-materialcontractual optionsorfinancialguaranteesthatarenotreflectedinthetechnicalprovisionscalculationshouldalsobe reportedinthiscolumn; -“Contractswithoptionsorguarantees”shouldincludecontractsthathaveeitherfinancialguarantees, contractualoptions,orbothasfarasthetechnicalprovisioncalculationreflecttheexistenceofthose financialguaranteesorcontractualoptions. Referringtotheexamplesgiven(consideringtheinformationavailableasclassificationoftheproductsneeds toconsiderthedetailsofeachsingleproduct): (a)5yearterminsurancecontractwithguaranteeddeathbenefit.Doestheguaranteeddeathbenefit constituteanon-financialguarantee?Thecolumn“Contractswithoptionsorguarantees”shouldinclude contractsthathaveeitherfinancialguarantees,contractualoptions,orbothasfarasthetechnicalprovision calculationreflecttheexistenceofthosefinancialguaranteesorcontractualoptions”.Financialguarantees areconnectedwithinvestmentresults(forexampleminimumreturnrateoninvestment)andnotwith reimbursementforinsuredevent.Asdeathbenefitisreimbursementforinsuredeventandisnotconnected AsstatedintheAnnexIoftheGuidelinesonSubmissionofInformationforthepreparatoryphaseandinthe FinalReportonpublicconsultationNo.14/052ontheimplementingtechnicalstandardsonthetemplatesfor thesubmissionofinformationtothesupervisoryauthoritiesinformationbycurrencyshallbereporteduntil atleast90%ofthetotalassetsandtotalliabilitiesarecovered. Ifaspecificcurrencyhastobereportedforeitherassetsorliabilitiestocomplywiththe90%rulethenthat currencyshallbereportedforbothassetsandliabilities. Thetemplatehasinfactbeenup-gradedandpleasenotethatthetemplateincludedintheFinalReporton publicconsultationNo.14/052ontheimplementingtechnicalstandardsonthetemplatesforthesubmission ofinformationtothesupervisoryauthoritiesalreadyincludethecolumnsforthetotalsthatweremissingin thepreparatoryphaseversion. EIOPAconfirmsthattemplateS.30.01.isapplicabletoinsuranceandreinsuranceundertakingswhich reinsureand/orretrocedebusinessonafacultativebasis. CreditDefaultSwaps:ThepremiumspaidarenotpartoftheProfitandlosstodate(C0160),theyareonly reportedinPremiumspaidtodate(C0140).TheSIIvalueofthecontractisthemarket-consistentvalue,and ifIFRSsareused,fairvalueasperIFRS,whichshouldcorrespondtothefutureexpectedcashflows, discountedusingamarketdiscountrateforthatinstrument,ateachvaluationdate. FX-Swaps:Basedontheexamplegivenitiscorrectbutpleasehaveinmindtheexplanationgiveninthe answerabove. TemplateS.10.01shallbereportedonlywhenthevalueoftheunderlyingsecuritiesonandoffbalancesheet involvedinlendingorrepurchaseagreements,withmaturitydatefallingafterthereportingreferencedate representmorethan5%ofthetotalinvestmentsasreportedinC0010/R0070andC0010/R0220oftemplate S.02.01.(RC0220isamistake,itshouldreadR0220) R0070correspondsto“Investments(otherthanassetsheldforindex-linkedandunit-linkedcontracts)”and R0220correspondsto“Assetsheldforindex-linkedandunit-linkedcontracts”. EIOPAconfirmsthatthevalueoftheunderlyingsecuritiesonandoffbalancesheetinvolvedinlendingor repurchaseagreementsshouldbedividedbythesumofthevaluesreportedinC0010/R0070and C0010/R0220oftemplateS.02.01. IncellC0230thevalueofthederivativecalculatedasdefinedbyarticle75oftheDirective2009/138/ECasof thetrade(closingorsale)ormaturitytradedateshouldbereported.Itcanbepositive,negativeorzero.This shouldbetheSolvencyIIvalueatthematuritydateofsellingdateofthederivative. IncellC0160theamountofprofitandlossarisingfromthederivativesinceinception,realisedatthe closing/maturingdateshouldbereported.Itcorrespondstothedifferencebetweenthevalue(price)atsale dateandthevalue(price)atacquisitiondate. Thisamountcouldbepositive(profit)ornegative(loss).ThisshouldbethedifferencebetweenSolvencyII valueatthematuritydateofsellingdateofthederivativeandacquisitionprice. Thenatureoftheamountsandhowtheyarecalculatedvaryaccordingtothederivativecontractinquestion. PleasefindbellowthelinktotheConsultationPaperaswellastotheFinalReport. https://eiopa.europa.eu/Pages/Consultations/Public-consultation-on-the-Set-2-of-the-Solvency-IIImplementing-Technical-Standards-(ITS)-and-Guidelines.aspx Regardingday1balance-sheet,EIOPAhasdeletedthe“Solvency1”columnfromtheday1reportinginthe balancesheettemplate.Thisinformationwillbereceivedthroughanotherformat,i.e.:asquantitative informationinthenarrativereportdueinrelationtothefirstdayofapplicationofSolvencyII.Aguidelinein thenarrativereportingwasaddedtoclarifythatthestructureofthemainclassesofassetsandliabilities,as definedfortheSolvencyIIbalance-sheet,shouldbefollowedwhendescribingthequalitativeexplanationof themaindifferencesbetweenthefiguresreportedintheopeningvaluation.InsomeMembersthisvalues couldbesimilartofinancialstatementsfiguresbutthatisnotnecessarilythecaseinallMembers. TheinstructionsoftemplateS.02.01arevalidtoallentrypointsofthistemplate(quarterly,annualandday Pleasenotethatthisanswerhasbeenrevised: Thecalculationofthethresholdneedtoconsiderboththevaluesinvolvedinsecuritieslendingand repurchaseagreements.Thismeansthatinbothsituationsdescribedtheundertakingwouldneedtoreport thetemplate.Thetemplatewouldalwaysneedtoincludebothtypesofcontracts. Thecontractsclosedduringthereportingperiodshouldalsobereportedifthetemplateisdue.Pleasenote thattheclosedcontractsdonotcountforthepurposesofthethresholdcalculation. Providingacollateralisusuallypartofthesecuritieslendingcontract,butifthatisnotthecasethecontract stillneedtobereportedintemplateS.10.01. Thetemplateshouldincludeallinternalreinsurancewithinthegroup,includingfacultativereinsurance. Regardingco-insurance: -Co-insurance,inthemeaningofseveralundertakingswithinthesamegroupperformingco-insurance (directbusiness)isnotconsideredasinternalreinsurance; -Co-reinsurance,inthemeaningofseveralundertakingswithinthesamegroupassumingrisksfromand entityoutsidethegroup,isnotconsideredasinternalreinsurance -Co-reinsurance,inthemeaningofseveralundertakingswithinthesamegroupassumingrisksfromanother groupentity,isconsideredasinternalreinsuranceandshouldbereportedinS.36.03 Inthecaseofinternalco-reinsurance(inthemeaningofseveralundertakingswithinthesamegroup assumingrisksfromanothergroupentity),itshouldbereportedseparatelyforeach(re)insurance undertakingbelongingtothesamegroupsinceinaco-reinsurancecontracttheinsuredsumissplitinclear separatequotapereachco-reinsuranceundertaking,onlyifcumulativelythesuminsured“internally” exceedsthethresholdsdefinedforsignificantIGT,verysignificantIGTandIGTrequiredtobereportedinall circumstances. ThecalculationoftheNetreceivables(C0130)shouldreflecttheamountdescribedintheInstructions:claims paidbytheinsurerbutnotyetreimbursedbythereinsurer+commissionstobepaidbythereinsurer+other receivablesminusdebtstothereinsurer.Thetypeofreinsurancecontract/treaty(C0110)shouldindicate 1.S.30.02FieldC0050,Codereinsurer.IfthecounterparthasnotaLEIcode,theundertakinghastoprovidea specificcode.Anyruleaboutthis?Thespecificcodehastobemaintainedunchangeduntilthecounterpart adoptaLEIcode? Ifthecounterpartisapool,itcanbereportedassingleentityonlyifitisa“legalentity”.Whichisthe definitionoflegalentity? Pleaseconsiderthatifthesingleparticipantsofapoolhavetobereported,thereportedactivityisquite difficultastheparticipantschangeyearbyyearandofcourseintheS.31.01veryoldcessionshavetobe reported. IfaLEIcodedoesnotexistundertakingshavetoattributeaspecificcode.Althoughthereisnospecification intheLog,inthecaseswhereacodealreadyexists(eg.nationalidentifier),itisexpectedthatthesamecode isusedasthisidentifiershouldbekeptconsistentlyovertimeuntilaLEIcodeexist.Legalentityisanentity thathasalegalstandingintheliesofthelaw.Ifthepoolisnotalegalentitythereinsurershavetobe identified. 2.S.30.02FieldC0303,externalrating.Atwhichobservationdatehastheratingtobereported?Whichisthe procedureifthecounterparthasnotassignedaratingbyanominatedcreditassessmentinstitution(ECAI)? Thedateisthereportingreferencedate(seeinstructionsofC0330).Ifaratingisnotassignedtheitem shouldbeleftblank. 3.S.30.01:oneriskcanbeprotectedbymorethanonefacultativecession.Arerequiredthe10largestrisks orthe10largestfacultativecessions?Havetheinfra-groupfacultativecessionstobeconsideredinthefirst Thelook-throughapproachisonlyapplicableforthecollectiveinvestmentsundertakings.Thecollective investmentundertakingsreportedinTemplateS.06.02willhavetobelooked-throughItemplateS.06.03, withsomeexemptions. HowevertemplateS.06.03isnotapplicableinthepreparatoryphase. Look-throughisnotapplicableintemplateS.08.01butonthetableInformationonpositionsheld,each derivativeshallbereportedseparatelyinasmanylinesasneededinordertoproperlyfillinallitems requestedinthattable.Ifforthesamederivativetwovaluescanbeattributedtoonevariable,thenthis derivativeneedstobereportedinmorethanoneline. Youhaveidentifiedinfactaflawinthedefinitionsofthereportingrequirementsandtheformulaisnot adequateforgroupsthatuseacombinationofmethodsormethod2exclusively. ThishasbeenidentifiedasamistakeandthefollowingamendmentswillbeintroducedinthetextoftheITS andintheInstructions(AnnexIII)oftemplateS.06.03,S.07.01andS.10.01. Amendments: -Article23,paragraphf):templateS.06.03.04ofAnnexI,providinginformationonthelook-throughofall collectiveinvestmentsundertakingsheld,regardlessofthemethodusedforthecalculationofthegroup solvency,followingtheinstructionssetoutinS.06.03ofAnnexIII,onlywhentheratioofcollective investmentsundertakingsheldbytheundertakingtototalinvestmentsishigherthan30%.Thisratiois measuredasitemC0010/R0180oftemplateS.02.01.02pluscollectiveinvestmentsundertakingsincludedin itemC0010/R0220oftemplateS.02.01.02pluscollectiveinvestmentsundertakingsincludedinitem C0010/R0090oftemplateS.02.01.02dividedbythesumofitemC0010/R0070andC0010/R0220oftemplate S.02.01.02whenmethod1asdefinedinArticle230ofDirective2009/138/ECisusedexclusively.When method1isusedincombinationwithmethod2asdefinedinArticle233ofDirective2009/138/ECor method2isusedexclusivelytherationeedstobeadjustedinordertocapturetheitemsofallentities includedinthescopeoftemplateS.06.02; -Article27,paragraphd):templateS.07.01.04ofAnnexI,providinganitembyitemlistofstructured products,regardlessofthemethodusedforthecalculationofthegroupsolvency,onlywhentheamountof structuredproductsishigherthan5%,measuredastheassetsclassifiedasassetcategories5(Structured notes)and6(Collateralisedsecurities)asdefinedinAnnexIIIIdividedbythesumofitemsC0010/R0070and C0010/R0220oftemplateS.02.01.01,followingtheinstructionssetoutinS.07.01ofAnnexIIIwhenmethod 1asdefinedinArticle230ofDirective2009/138/ECisusedexclusively.Whenmethod1isusedin combinationwithmethod2asdefinedinArticle233ofDirective2009/138/ECormethod2isused No,actuallythetemplateshouldincludeallcontractsthatwereopenduringthereportingperiod.The Instructionsclarifiedthissituation:“Allcontractsthatareonthebalancesheetoroffbalancesheetshallbe reported.Theinformationshallincludeallcontractsinthereportingperiodregardlessofwhethertheywere openorclosedatthereportingdate.Forcontractswhicharepartofaroll-overstrategy,wherethey substantiallyarethesametransaction,onlyopenpositionsshallbereported.” TheFinalReportonpublicconsultationNo.14/045onGuidelinesonreportingforfinancialstabilitypurposes doesnotincludetherequirementofquarterlyreportingofthistemplate. Thistemplateshouldbereportedonlyforannuitiesformallysettledstemmingfromnon-lifecontractsand relatingtohealthinsuranceobligationsandrelatingtoinsuranceobligationsotherthanhealthinsurance obligations.ThereforetheIBNRonMotorannuitiesshouldnotbeconsideredinthistemplate. AlltemplatesforeseenintheTechnicalstandardshouldbereportedifapplicable.Inthiscase,regardlessof thematerialityofthebusinessthelifebusinesswillneedtobereportedintherelevanttemplates.Itis consideredthatinthiscasethe“embedded”proportionalitywillapplyasinprinciplethelifetemplates Thecellaimstoidentifyifthestructuredproductbeingreportedasaguaranteefortheinvestedamount (totalorpartial)ornot. InfactthereisnotasingleanswerasitdependsontheITimplementation.Twodifferentsituationsoccur: 1.Therecanbeablockingformulatoverifythatforgivenscenarioacolumnmustbeempty.Ifthisisnot fulfilledtheninstancefilemustberejectedautomatically. 2.Somecasesarereflectedinfilingrules. Thisistobeseenonacase-by-casesituation.Fortheexamplegiven,forCIC71pleaseseevalidationBV4,BV5 andBV6” Relevantdocumentationin:https://eiopa.europa.eu/regulation-supervision/insurance/reporting-format ThereisinfactaneedtoclarifywhichproductsshouldbeclassifiedunderS.14aspensionentitlements (option4)andtheuseofcategory5(other)incellC0100. WhenassessingifaproductshouldbeclassifiedaspensionentitlementundertemplateS.14thefollowing shouldbeconsidered: -Ifproductisapensionproductbasedonnationalregulation/law.Forthisthe“Databaseofpensionplans andproductsintheEEA”publishedatEIOPAwebsitemightbeconsidered(withthecaveatsreferredtoin thewebsite); https://eiopa.europa.eu/publications/database-of-pension-plans-and-products-in-the-european-economicarea-(eea) -Ifaproduct(e.g.aunit-linkedproduct)accumulatesmoneyforretirementusingataxadvantagerelatedto pensions; -Ifthefuturepaymentsareexplicitlylinkedtotheretirementitself; -Iftheproductcomplieswithallfeaturesidentifiedbutalsoincludessomeveryexceptionalsituationswhere themoneycouldbesurrenderlikelongunemploymentorseriousillness,itshouldcontinuetobeconsidered asapensionentitlement. Thefollowingshouldnotinfluencethedecision: -Iftheproductsubstitutesorisadditionaltothesocialsecuritysysteminplace; Negativebestestimatesremainaliabilityandshouldnotbereportedasanasset.IntemplateS.26.03,asan example,thecolumnoftheAssetsshouldonlyincludethevaluesoftheassetssubjecttomortalityrisk,e.g. ItshouldbenotedthattemplateS.06.03doesnotonlyserveSCRsupervision,butservesalsothesupervision oftheprudentpersonprincipleforwhichariskbasedapproachisneeded. Bydefaultallcollectiveinvestmentundertakingsorinvestmentspackagedasfundshavetobesubjecttolookthroughasdescribedintheinstructionsdocument.SpecificsituationsmightbediscussedwiththeNational SupervisoryAuthority. Theissuemightaddressthefollowingtwosituations: 1)UndertakingholdstheCollectiveInvestmentUndertakingvaluedandquotedinUSD,andtheundertaking holds(outsidetheCIU)derivativestohedgethecurrencyrisk; 2)UndertakingholdstheCollectiveInvestmentUndertakingvaluedandquotedinUSD,andtheCIUitself holdsderivativestohedgethecurrencyrisk. Thelook-throughisperformedinrelationtotheCIUsplittingthedifferentclassesofassetsandbycurrency (accordingtotheInstructions).Inthefirstcasethederivativesarenotpartofthelook-throughandshouldbe InfactthetemplatesS.26arenotrequiredatentitylevelincaseofexistenceofring-fencedfundsor matchingadjustmentportfolios.TheinformationisreflectedinthearticlesofthedraftITS.Thereporting requirementsaredefinedbytheITSanddon’tneedtoberepeatedintheInstructionsofthetemplates. Pleaseseepointsl.,m.andnofarticle14oftheFinalreportonpublicconsultationNo.14/052onthe implementingtechnicalstandardsonthetemplatesforthesubmissionofinformationtothesupervisory authorities. TheinformationregardingFPSistobereportedbybranchandnotbycountry.Asanexample,ifin R0010/C0020countryAisidentified,thefollowingitemsneedstobereported: -FrequencyofclaimsforMotorVehicleLiability(exceptcarrier'sliability)inrelationtothebusiness performedinthecountryAinR0020/C0020 -FrequencyofclaimsforMotorVehicleLiability(exceptcarrier'sliability)inrelationtothebusiness performedthroughfreedomtoprovideservices(inallcountries)bythebranchestablishedincountryAin R0020/C0030 Asstatedinparagraph1ofArticle3,“Datapointswiththedatatype‘monetary’shallbereportedinthe reportingcurrency,whichrequirestheconversionofanyothercurrencyintothereportingcurrencyunless otherwisestatedinthisRegulation.”Inarticle11g.andk.theexceptionsaredefinedfortemplatesS.16.01 andS19.01.Inaddition,thiswasalsomadeclearintheInstructionsofthosetemplates. Thus,asstatedintheInstructions,thecurrencysplitofthesetwotemplateshavetobereportedinthe originalcurrency,unlessotherwisespecified(i.e.:iftheNSAdecidesthatitshouldbereportedinthe reportingcurrency,thusgettingbacktothegeneralruleofArticle3oftheITS). Thedefinitionofwrittenpremiumsforreinsurancecontracts–bothwhenreinsuranceundertakingscalculate premiumstobereceivedfromcedents(inwardreinsurance)andwheninsuranceundertakingscalculated reinsurers’shareinordertocalculatenetwrittenpremiums(outwardreinsurance)shouldfollowthe definitionofArticle1,point11,and“premiumsdue”shouldbearerecognisedaccordingtolastdatewhen cedentshouldpaypremiumstoreinsurer. Yes,thequalitativeinformationisstillrequired.TheITSempowermentwasontemplatesforthesubmission ofinformationtothesupervisoryauthoritiesandnospecifictemplateisenvisagedforthequalitative information.PleasenotethattheGuidelinesonreportingandpublicdisclosure(FinalReportonpublic InS.04.01“Commissions”aredefinedas:“Acquisitionexpensesincurred,includingrenewalexpenses,which canbeidentifiedatthelevelofindividualinsurancecontractandhavebeenincurredbecausethe undertakinghasissuedthatparticularcontract.Thesearecommissioncosts,costsofselling,underwriting andinitiatinganinsurancecontractthathasbeenissued.Itincludesmovementsindeferredacquisition costs“ InS.05.01“Acquisitionexpenses”aredefinedas:“Acquisitionexpensesincludeexpenses,includingrenewal expenses,whichcanbeidentifiedatthelevelofindividualinsurancecontractandhavebeenincurred becausetheundertakinghasissuedthatparticularcontract.Thesearecommissioncosts,costsofselling, underwritingandinitiatinganinsurancecontractthathasbeenissued.Itincludesmovementsindeferred acquisitioncosts.” Bothtemplatesaretobereportedfromanaccountingperspective,i.e.:LocalGAAPorIFRSifacceptedas localGAAP. Yes,acquisitioncostsshouldincludesalariesofunderwritersastheyrepresentcosts“…ofselling, underwritingandinitiatinganinsurancecontractthathasbeenissued”. Thereferencetohistoricaldatawasremovedfromtheinstructionsofthetemplateasthetemplatedonot coverhistoricaldata. Inthetemplate“numberofclaims”and“totalclaimsincurred”shouldbereportedinrelationtothe“claims incurredduringthereportingyear”.Forthisclaimstheaccident/underwritingyearsNtoN-14havetobe identifiedbutthisisnotconsideredhistoricaldata. ThefullmethodimpliesafullrecalculationoftheSCRwithoutconsideringanylossofdiversification,i.e. withoutcalculatinganyRFF’snSCRbutcalculatingtheSCRfortheundertakingasawhole.Thesevalues wouldbethestartingpointfortheadjustment(calculationoftheq-factor),whichisthesameinallthree cases. Ifthesimplificationatriskmodulelevelisapplied,insteadofrecalculatingtheSCRfortheundertakingasa whole,nSCRatriskmodulelevelshallbesummedup.Thismeansthateachcapitalrequirementforeachrisk moduleforthewholeundertakingistobeapproximatedsummingupthecapitalrequirementofsuchrisk moduleforeachRFFandtheremainingpart.Thereforethesevalueswouldreflectonlythediversification effectsatriskmodulelevel,butnotthediversificationeffectsatlowerlevels.Again,thisvalueswouldbethe startingpointfortheadjustment(q-factor),whichisalwaysthesame. Ifthesimplificationatrisksub-modulelevelisapplied,thesameprocedurethanfortheothersimplification applies,butinthiscasetheaggregationmustbedoneatrisksub-modulelevelinsteadofatriskmodule level.Therefore,thesevalueswouldreflectonlythediversificationeffectsatriskmoduleandrisksubmodulelevel,butnotthediversificationeffectsatlowerlevels.Asintheothertwocases,thesevalueswould bethestartingpointfortheadjustment(q-factor),whichisalwaysthesame. Correct,thesumoftheapportionedadjustment(C0050)isnotequaltothetotaladjustment(C0100/R0120). Weneedtorememberthattherationaleforthisadjustmentisthattheresultoftheapplicationofthe correlationmatrixtotheadjustedcapitalrequirementsofeachriskmoduleresultsintherealSCRofthe undertaking. Yes,theinterpretationiscorrect,itshouldbereportedasinternalrating.Pleasenotethatthealgorithmto beusedneedstobepartofthedocumentationoftheinternalmodelasapprovedbythenational supervisoryauthority. Actuallytheideaistocapturethemarketvalueofthecontract.Thevaluetobereceived/paidifatthe referencedatetheundertakingwouldpassthecontracttoanotherparty. IfIFRSsareused,fairvalueasperIFRS,whichshouldcorrespondtothefutureexpectedcashflows, discountedusingamarketdiscountrateforthatinstrument,ateachvaluationdate.Inthiscasethiswould havetoconsiderthevalueoftheassetlent/providedaspartofasecuritieslendingtransactionsor repurchaseagreements,thevalueoftheborrowed/receivedaspartofasecuritieslendingtransactionsor repurchaseagreementsandconsideranyfees/commissionsinvolved. Thisamountcouldbepositive,negativeorzero. Theamendmentwasintentionalasbeforeweonlyhad“TotalReturnSwaps”inthecategoryofcredit derivatives. Theideaisthat“TotalReturnSwaps”areclassifiedas“F4”bydefault.Thereisacreditriskforthepartythat hastopaythefixedamount,oncethepaymentsarecalculatedconsideringthetotallifeoftheasset,which maygobeyondtheswapmaturitydate.Whopaysthefixedamountanticipatesthefuturereceivables.Only inthecaseswherethisriskisirrelevant/mitigatedthecontractshouldbeclassifiedasD4. WewouldoncemorehighlightthattheCICclassificationofassetsandderivativesisnotanexactscienceand insomecasesrequiresanalysisfromtheundertakingintheclassification. TemplateS.06.03shallincludethelook-throughofallcollectiveinvestmentundertakings,orinvestments packagedasfundsandsimilarundertakings,includingwhentheyareparticipationsbyunderlyingasset category,reporteditem-by-iteminS.06.02. ThetemplateS.06.03iscomplementarytotemplateS.06.02.IfatgrouplevelaCIUisnotreportedatS.06.02 duetoeliminationofIGTsthenitshouldalsonotbereportedintemplateS.06.03.Thepurposeoftemplate S.06.03istoprovideinformationontherisksoftheCIUintheBalance-sheetoftheundertaking/group. PleasenotethatinadditiontherelevantIGTshouldbereported,whensignificant,intherelevantIGT template. 1.InS.01.03the“remainingpart”asgenerallyusedshouldnotbereported.InspecificcaseswherearingfencedfundhasamatchingportfolionotcoveringthefullRFFthreefundshavetobeidentified,oneforthe RFF,otherfortheMAPinsidetheRFFandotherfortheremainingpartofthefund(vice-versaforthe situationswhereaMAPhasaRFF).The“remainingpartofthefund”isstillaRFF.Forthe“remainingpartof thefund”,C0040/C0050shouldbefilledwiththecodeofeachpart.Astheyhavetobereportedseparately (duetoRFFandMAPrequirements)allpartsofthefundneedtohavespecificcodes.Stillforthe“Remaining partofafund”C0060shouldbe“3”,C0070shouldbe“2”andC0080istobeleftblank. 2.InfacttheEIOPAconsidersthatonlyonefundisthe“mother”andallothersub-fundshavetobereported as“sons”ofthatfund.Thematerialityisonlyassessedtothemotherfundandshouldnotbereportedfor theothers(assaidintheLOG) 3.FortheFund0001.FullrowC0060shouldbe“1”,C0070shouldbe“1”(NOT“2”)andC0080setto1or2 (giventhatC0080shouldonlybereportedforMotherfunds) FortheFund00001.RFF_RProwC0060shouldbe“3”–Remainingpartofafund(butstillRFF,itisnotthe “remainingpartofthecompany”) EntryofMAP:C0060shouldbe“2”;C0070shouldbe“2”,andC0080shouldnotreported Forthesecondtable(ListofRFF/MAPwithsubRFF/MAP)thereshouldbeentriesforFund00001.MAPand Fund00001.RFF_RProws: C0100codeofRFF Thetemplates(AnnexIoftheTechnicalStandard)willbetranslatedbytheCOMandwillbepublished togetherwiththeTechnicalStandardandotherannexesintheCOMwebsiteandlaterintheOfficialJournal. PublicationinCOMwebsiteisexpectedbybeginningofDecemberandpublicationintheOfficialJournalend ofDecember2015. Theannotatedtemplatesandtaxonomyarenotforeseentobetranslatedastheyarenotannexesofthe TechnicalStandardbutimplementationdocuments. 1.ThetypeofeachfieldmaybeidentifiedintheAnnotatedtemplates.ForexampleseeS.30.01 https://eiopa.europa.eu/regulation-supervision/insurance/reporting-format 2.Thetemplatesonlyhavetobeup-datedifmaterialchangeshaveoccurredsincelastsubmission.Inthis caseifreinsurancestrategychangesmateriallyoriftherenovationofthereinsurancecontractsisimportant. Ifforexample,afterthebeginningoftheyearthecedingexposurechangessignificantlydueto treaties/contractsnotbeingrenewed,theinformationwouldhavetobeup-dated.Incaseofanup-datethe fulltemplatehavetobesubmittedandthereferencedateshouldbethedateforwhichtheinformation relatesto. 3.Wrongdatashouldalwaysbeamendedandtemplatere-submitted.Specificproceduralaspectshavetobe seenwiththeNationalSupervisoryAuthority. 4.No,thetemplateisprospectivefortheselectedlargest10facultativecoversthathavenotyetexpiredat thestartofthenextreportingyearwhoseperiodofvalidityincludesoroverlapsthenextreportingyearand areknownwhenfillingthetemplate. Seepreviousanswer.IthastobereportedinApril2017. Allvaluesinthequantitativereportingtemplatesaretobereportedaspositivevaluesunlessspecificallysaid otherwise(examples:“Thisvalueshallbereportedasanegativevalue”inS.12.01/R0110;“andnegativeif theydecreasetheamountoftheitem”inS.22.01.). ThespecificcodesweredeletedfromC0020/C0030asthatcolumnaddressesthecounterpartyofthegroup whichcannotbeanentitywithinthegroup.Thetemplatecoversallsignificantriskconcentrationsbetween entitiesinscopeofgroupsupervisionandthirdparties.Asthespecificcodeonlyaddressesundertakings withinthegroup,itwasdeleted. 1)InC0120/C0130theundertakingwithinthegroupneedstobeidentifiedandthereforethespecificcode applies. 2),3)and4)ShouldbethecodeoftheparentundertakingasreportedinS.01.02(shouldbethesameforall undertakingsreportedinC0110).UndertakingsprovidingthedatatotheirNCAwithXBRLformatalsohaveto respecttheformatdefinedinthe“EIOPAXBRLFilingRulesforSolvencyIIReporting”(S.2.8.(c))forthe identificationcodes. 5)“Codeofthecountry”isthecodeofthecountryoftheentityreferredtoinC0110. IthasbeenclarifiedintheinstructionsofS.26sthatonlytheamounts“sensitivetotherisk”shouldbefilled ininbothassetsandliabilities. Ifsensitivetorisk,evenifcapitalchargeiszerotheamountshouldbereported. AccordingtotheInstructions(copiedbelow)derivativesshouldbereportedaccordingtotheclassesAtoFin C0030. Identifytheassetscategories,receivablesandderivativeswithinthecollectiveinvestmentundertaking.One oftheoptionsinthefollowingclosedlistshallbeused: 1–Governmentbonds 2–Corporatebonds 3L–Listedequity 3X–Unlistedequity 4–CollectiveInvestmentUndertakings 5–Structurednotes 6–Collateralisedsecurities 7–Cashanddeposits 8–Mortgagesandloans 9–Properties 0–Otherinvestments(includingreceivables) A–Futures Q1:Cell“TotalamountofnotionalSolvencyCapitalRequirementsforring-fencedfunds”(R0420/C0100) referstothenotionalSCRofallmaterialRFF.TheRFFforwhichthecalculationofSCRisnotrequiredshould notbereflectedhere. Cell“TotalamountofNotionalSolvencyCapitalRequirementsformatchingadjustmentportfolios” (R0430/C0100)referstothenotionalSCRofallMAP.WhenaRFFasaMAP,theMAPpartshouldbereported inR0430whiletheremainingpartoftheRFFshouldbereportedinR0420. Q2:No,MAPisnotreferredtoastheyshouldnotbeconsideredintheremainingpart(nomaterialityapplies toMAP). Q3:No,thecalculationoftheSCRisreflectedinthetableabove.Thiscellsareadditionalinformationonthe SCR. Q4:Remainingpartisusedconsistentlyacrossthetemplatesanditincludesnon-RFFbusinesstogetherwith immaterialRFF. Foryourinformationrelevantlegislationis:Article81ofCommissionDelegatedRegulation2015/35and Guideline5ofEIOPA“Guidelinesonring-fencedfunds”.RegardingMAPpleasenotethatthederogationin Article81(2)doesnotapply.ThisisthenreflectedintheRFFGLsasGL5onmaterialitydoesnotapplyto MAPaswell. No,iftheSolvencyIIamountisnegativeitisnotanassetbutaliability.Listofassetsneedtoreflectthe assetsreportedinthebalancesheetwerenonettingshouldbeconsidered.Theonlyexceptionisbank overdrafts.Asdepositsarereportedbycurrency/bankitmighthappenthatthisamountisnegativeifboth legalrightofoffsetanddemonstrableintentiontosettlenetexist. PleaseseealsoinstructionsforCashandcashequivalentsinthebalance-sheet:“Bankaccountsshallnotbe nettedoff,thusonlypositiveaccountsshallberecognisedinthisitemandbankoverdraftsshownwithin liabilitiesunlesswherebothlegalrightofoffsetanddemonstrableintentiontosettlenetexist” InS.06.02onlyassetswhicharestillintheportfolioshouldbereported.Forthoseassetsrelevantitems shouldbefilledin.Pleasenotethatinparticulartheitem"Quantity"(C0130)shallnotbereportedifitem “Paramount”(C0140)isreported.Theitem“Quantity”isanumberofassets,whichmeansthat,forexample, numberofequitiesheldbyundertakingisreported.Ontheotherhand,incaseof,forexample,government AccordingtothedraftImplementingTechnicalStandardpublishedinthe“FinalReportonthepublic consultationCP-14-052ITSonregularsupervisoryreporting”,article2,“datapointswiththedatatype InS.09.01allassetsshouldbeconsidered,includingtheonesfromunit-linkedandindex-linkedcontracts.The templateincludesacolumnwherethedistinctionbetweenunit-linkedandindex-linkedcontractsandneither unit-linkedandindex-linkedcontractsisrequested(C0060).Thismeansthattheassetcategoriesneedtobe reportedforallassetsincludedinunit-linkedandindex-linkedcontracts(however,notbyfund)andforall remainingassets. InS.06.02allassetsaretobereported,includingtheoneswithinunit-linkedandindex-linkedcontracts.Any itemisexemptedfromreportingduetothefactthatitisassociatedtounit-linkedandindex-linkedcontracts. Ingeneralallinformationoftheassettemplatesincludetheonesfromunit-linkedandindex-linked contracts.Excludingunitlinkedassetsunderminesacomprehensiveviewoftheundertakingriskprofile,in particularcontagiousrisk.Theasset-by-assetreportingalongwiththeotherassetinformationwillalso concernunit-linkedproducts,sinceweconsiderthatthesealsopresentspecificrisks(forinstance, EIOPAconfirmsthatregarding“pensionentitlement”classificationtheactualstatusofthecontractshouldbe used(nottheoriginalone). Ontheuseofoption“5”pleaseseeanswertoquestion17ofthedocument“Answerstoquestionsonthe FinalreportontheITSonthetemplatesforthesubmissionofinformationtothesupervisoryauthorities(CP14-052)”,aspublishedonthe12November2015. https://eiopa.europa.eu/regulation-supervision/q-a-on-regulation IntemplateS.09.01wearerequestingthereturnsoninvestments.Forthiswedifferentiatebetween dividends/interestsandrentsandgainsandlosses. Fortheproperuseofinformationitisimportanttoguaranteethatamountsarenotduplicated. IntheInstructionsisnowclearthatinthecolumnofintereststheinterestsreceivedandaccruedshouldbe reported(interestreceivedlessaccruedinterestatthestartoftheperiodplusaccruedinterestattheendof thereportingperiod). IntheInstructionsofthegainsandlosses,infactitwasnotmadesoclearthetreatmentofaccruedinterests, mainlybytheuseofthesolvencyIIvalue.Infactweconsider“SolvencyIIvalue”asincludingaccrued interests.Howeverforthepurposesofthistemplatethisvalueshavetobedeductedfromtheaccrued intereststoavoidthesameamountsbeingreportedtwice. ThismeansthatwhenwereferinC0100andC0110toacquisitionvalue,selling/maturityvalueorvalue accordingtoarticle75ofDirective2009/138/ECattheendofthe(prior)reportingyear,thosevaluesneedto EIOPAconfirmsthatlineofidentificationwasaddedtotheannotatedtemplatesexclusivelyfortechnical reasonsanditwillnotbeintroducedintothebusinesstemplates. ItistruethatlineidentificationintheS.06.02.01hasadifferentcode(C0010)thenintheS.06.02.04(C0400) andreasonforthatwasbecauseinthevariantS.06.02.04wealreadyusecodeC0010forthe“Legalnameof theundertaking”.Atthismomentwebelievethatitisbettertokeepitasitthantochangecodes. Thesedifferencesyouarereferringtoareexplainedintaxonomydocumentationandmainlyareabout artificialID,joinedcellsfortypeofcodeandcode,etc. ThereportingtemplatesreflecttheimplementationofSolvencyIIframework.Thereportingof,forexample, SCRcalculationsorOwnfunds,includingapplicationoftierlimitsshouldfollowtheSolvencyIIDirectiveand theDelegatedRegulation2015/35/EC.ThevalidationsdefinedbyEIOPAaimtoguaranteethequalityofthe informationsubmitted.Thelistofvalidationswillbereviewedregularlyandthereleasedtaxonomies adaptedeachtime.Incaseofanyabsentareatherelevantlegislation(SolvencyIIDirectiveandthe DelegatedRegulation2015/35/EC)havetobefollowed. Youmayfindthefulllistofvalidationsinexcelfileandthe“filingrules”inthewebsiteunder:SolvencyII Validations ThetoleranceofthevalidationsispartoftheITimplementationandisaddressedintheEIOPA’sXBRLFiling RulesandintheIntervalArithmeticimplementationforXBRL(Precision,DecimalsandUnits1.0 specification).Inyourvalidationexamplethetolerancewillbedeterminedbythelessprecisesizeofthe calculation(normallythebalancesheetitem)andwillvaryasdescribedinthebelowtable: Forreportedfigure(absoluteamounts)>100000000,valueof@decimalsattributeis@decimals>=-4and ValidationToleranceof+/-5000Units. Forreportedfigure(absoluteamounts)≥1000000and<100000000,valueof@decimalsattributeis @decimals>=-3andValidationToleranceof+/-500Units. Forreportedfigure(absoluteamounts)≥1000and<1000000,valueof@decimalsattributeis@decimals>= -2andValidationToleranceof+/-50Units. Forreportedfigure(absoluteamounts)≥0and<1000,valueof@decimalsattributeis@decimals>=-1and ValidationToleranceof+/-5Units. IfitisrelatedtoHealthSLTcouldbeclassifiedasLife,ifitisrelatedtoHealthNSLTcouldbeclassifiedasNonlife.Iftheundertakingdistinguishesinternallyandwishtokeepthatdistinctionitcanalsobeclassifiedas “Otherinternalfunds”. AccordingtotheNACERev.2-StatisticalclassificationofeconomicactivitiesintheEuropeanCommunity, “66.30Fundmanagementactivities”includesportfolioandfundmanagementactivitiesonafeeorcontract basis,forindividuals,businessesandothers,suchasmanagementofmutualfunds.Theclassificationofthe issuersectorC0230forfundsistobeconductedonacase-by-casebasis.TobeclassifiedasaK.64.30itneeds tocorrespondto“legalentitiesorganisedtopoolsecuritiesorotherfinancialassets,withoutmanaging,on behalfofshareholdersorbeneficiaries”. Correct,regardingCICcategory4–CollectiveInvestmentsUndertakings,theissuercodeisthecodeofthe fundmanager(asdescribedintheInstructions). Incaseofloansthereadingshouldbeconsistent,meaningthatalsoincaseofloansC0180shouldbefilledin andC0380shouldreflectacleanprice. Bydefault: -Iftheexposureisnotmaterialthethresholdforthequarterlyreportingapplies(Quarterlyinformationshall onlybereportedwhenratioofcollectiveinvestmentsundertakingsheldbytheundertakingtototal investments,measuredastheratiobetweenitemC0010/R0180oftemplateS.02.01pluscollective investmentsundertakingsincludedinitemC0010/R0220oftemplateS.02.01pluscollectiveinvestments undertakingsincludedinitemC0010/R0090andthesumofitemC0010/R0070andC0010/RC0220of templateS.02.01,ishigherthan30%). -FortheannualreportingofS.06.03thethresholdisnotapplicable. However,accordingtoarticle35(6)to(8)oftheSolvencyIIDirectivethistemplatemightbeexemptedforall quartersandaswellforannualreportingupto20%ofthemarket. InthiscasestheoriginalcurrencyshouldbereportedasEUR. TheInstructionsofS.06.02says“ThistemplateshallreflectthelistofallassetsincludedintheBalance–sheet classifiableasassetcategories0to9ofAnnexIV–AssetsCategoriesofthisRegulation”.Thismeansthatthe assetsthatarenotclassifiableunderanycategoryshouldnotbeincluded,e.g.deferredtax,pensionbenefit surplusandrecoverables. InfactthereisamistakeinAnnexIVinthedescriptionofclass“0”.Itshouldbeamendedto:“Otherassets reportedin"Otherinvestments"”,inlinewiththedescriptioninAnnexVI. Wedohavesomevalidations,e.g.forS.06.02.C0110,C0270,C0280orC0390forwhichnoinformation shouldbereporteddependingontheCICcode(seeBV4to6orBV237).Howeveringeneral,whenitsays “whenapplicable”theinformationshouldbereportedifavailable.Inthecasereferredtointhequestionthe informationontheDurationshouldbereported. Theanswerwillbealsoup-loadedinourwebsiteaccordingtotheprocedure. ItisconfirmedthatthecellC0180shouldbeusedtoreportinteraliaacontractualamountforthe transactionsthatarenotyet(fully)settledatthereportingdate.Incaseoffullearlysettlement(beforethe reportingdate)thebalanceofthecontractualamountwillbezero.Basically,outstandingamountsmeanthat ifitisrecognisedinthebalance-sheet,thenitneedstobereported. ValidationBV89andBV90arecorrect. InBV90therowR0220isnotdeductedbecauseitcannotbefilledinforC0020. InthefinalSolvencyIIpackagethe“Ownfundsfromthefinancialstatementsthatshouldnotberepresented bythereconciliationreserveanddonotmeetthecriteriatobeclassifiedasSolvencyIIownfunds”arenot reportedbytiers,onlythetotalamount(C0010)shouldbereported.ThisiswhyfortheBV89(whichapplies Thetemplateshouldbereportedonlyforannuitiesformallysettledstemmingfromnon-lifecontractsand relatingtohealthinsuranceobligationsandrelatingtoinsuranceobligationsotherthanhealthinsurance obligations,consideringtheamountsgrossofreinsurance,meaningwithoutconsiderationofannuities Thatisthecorrectunderstanding.TheitemshouldbeleftblankforCIC71,CIC75andCICcategory9– Property.Theoption“None”istobeusedwhentheitemisapplicablebutforwhichaLEIcodedoesnot exists. EIOPAdoesnotintendtoestablishanyindicationonhowtosplittheriskmarginintocurrencies.Itshouldbe theresponsibilityoftheundertakingtodecideonthemethodandapplyitconsistentlyovertime. Thiscolumnisnotdocumentedintheofficialtemplatesbecauseitonlyexistsfortechnicalreasonstobeable toimplementthisspecifictablewiththeXBRLstandard.IntheXBRLimplementationthisC0250artificialfact mustbeadded,alwayswithtruevalue,toovercometheissuethattherestofthecolumnsofthistableare primarykeydimensioncolumns.Withoutthis“spurious”fact,thistablewouldnotbetechnicallyreportable EIOPAdoesn’tdisagreebutthistemplatewassubjecttopublicconsultationandcommentsfromindustry suggestedotherwise.ThiswaswhythefinaloutcomewastokeeptheinformationonAssetcategoriesand Currencyaggregated. ThethresholdshavetobecalculatedusingtheSolvencyIIvalueoftheCollectiveInvestmentUndertakingas reportedintemplateS.06.02,i.e.consideringtheliabilitiesifany. Weassumethatatleastfor90%ofthefundthereistheidentificationofthecountry.Intheexceptional circumstancewherethethresholdbycountryisnotcompliedwithduetolackofinformationtheissuehasto beconsideredfromariskmanagementperspectivebytheundertakingandundertakingshouldcontactthe 1)Weconfirmthatsubmissionofaseparatebalancesheetformatchingadjustmentportfoliosisnot required. 2)The“remainingpart”isusedconsistentlyinallQRTs,inaccordancewithArticle217oftheCommission DelegatedRegulation2015/35. 3)Asregardsthebalancesheet,theremainingpartcoversallelementsexceptallmaterialring-fencedfunds andallmatchingadjustmentportfolios.Fromagroupperspective,theremainingpartshouldbeadjustedand shouldbenetofintra-grouptransactions,asprovidedinGL15ofEIOPAGuidelineongroupsolvency.Inall casesthebalance-sheetforthesolo/groupfromanentitylevelshouldmatchthetotaloftheBSforall materialRFFandremainingpart,inthecaseswheretherearenoMAP.IfthereareMAP,asitisnotrequired toreporttheBSforthem,thebalance-sheetforthesolo/groupfromanentitylevelwouldnotmatchthe totaloftheBSreportedfortheRFFandremainingpart. 4)Asregardsthematerialityofring-fencedfunds,pleaseseeGuideline5fromEIOPA“Guidelinesonringfencedfunds” BV446-BV457arethevalidationsreferredtointhequestion. ThevalidationiscorrectasitstatesthattheamountsreportedinS.17.02(onlydirectbusiness)hastobe<= totheamountsreportedinS.17.01(directbusinessandacceptedreinsurance). Howevertheerrormessagecouldbeimprovedasitimpliesanequalitybetweenbothamounts.Thiswillbe includedinthelistofknownissuesandamendedinthenextreleaseofthetaxonomy. Question1: FurtherclarificationsarerequiredinrelationwithbusinessvalidationBV432:“Thereisatleastonesecurity reportedinTable1ofS.06.02thatisnotreportedinTable2ofS.06.02-->Template1:S.06.02;Expression: FOREVERY{S.06.02.xx.01,c0040;c0050}THEREMUSTBEONELINEIN{S.06.02.xx.02WITHEQUAL c0040;c0050}”. Itisnotfullyclearwhetherthecheckperformedonlyrequirestheexistenceofatleastonerowintable2 (informationonassets)foreachgivencombinationofc0040andc0050existingintable1(Informationon positionheld)orifthecheckimpliesthattheremustbeonlyonerowintable2foreachcombinationof c0040andc0050existingintable1. Inthetable“Informationonpositionsheld”,eachassetshallbereportedseparatelyinasmanylinesas neededinordertoproperlyfillinallvariablesrequestedinthattable.Ifforthesameassettwovaluescanbe attributedtoonevariable,thenthisassetneedstobereportedinmorethanoneline. Inthetable“Informationonassets”,eachassetshallbereportedseparately,withonelineforeachasset, fillinginallapplicablevariablesrequestedinthattable. EssentiallyvalidationBV432ischeckingwhethertheassetthatappearsinthetable“Informationonpositions held”inone/moreline(s)appearsalsointhetable“Informationonassets”. Question2: Subjecttotheclarificationprovidedonquestion1above,incaseaduplicationofinformationintable2is required,whicharetheattributestriggeringtheduplication? Infactcallablebondswithoutanystructuredfeaturebesidestheearlyredemptionoptionshouldbe ContingentConvertiblebonds(CoCo’s,orbail-inbonds)shouldbeclassifiedwithCIC22astheyare convertible. Amountsbeforeandaftershockshallbefilledinwiththeamountofassetsandliabilitiessensitivetothat shock.Fortheliabilitiestheassessmentshallbedoneatthemostgranularlevelavailablebetweencontract andhomogeneousriskgroup.Thismeansthatifacontract/HRGissensitivetoashocktheamountof liabilitiesassociatedtothatcontract/HRGshallbereportedasamountsensitivetothatshock. Ifassetsorliabilitiesarenotsensitivetotheshockthecellsshouldbereportedwithzero. Fromtheoptiondescribeditisoptiona).Ifsensitivetorisk,evenifcapitalchargeiszerotheamountshould bereported(asitiswrittenintheLogofS.26templates“Amountsbeforeandaftershockshallbefilledin withtheamountofassetsandliabilitiessensitivetothatshock”). Itisimportantthattheamountsreportedundercolumnsbeforeandaftershockareconsistent. Question1: Correct,intemplateS.06.03thereisnodistinctionfortheunitlinked.Thelook-throughisdoneby instrument.IfaCIUisholdbothinunitlinkedportfolioandnon-unitlinkedportfolio,itshouldappearin S.06.03onlyonce(withthelook-throughrequired)coveringthetotalamountinvestedinthatCIU. Question2: Ifthethresholdisdifferentfromquartertoquarterthetemplateshouldonlybesubmittedinrelationtothe quarterswherethethresholdismet. Infact,templateS.06.03hastobesubmittedannuallybyallundertakingswithoutapplicationofany threshold,unlessexemptedunderarticle35(6)to(8)oralreadyreportedunderquarter4. InCellS.15.01.C0090onlyoneguaranteemightbereported.Inthatcasepleasereportthemostmaterial guarantee. SolvencyIIvalueshouldbereportedinthiscase,aswellasineachcasewhentheexpectationtoreportan amountinothervalueisnotclearlyspecified. Thistemplateistobefilledinonthebasisoftheclaimsincurred,meaning“thesumofgrossclaimspaidand grossreportedbutnotsettledclaims(RBNS)onacasebycasebasisforeachandeverysingleclaim,openor closed,whichbelongstoaspecificaccidentyear/underwritingyear(AY/UWY).”.Thus,forexampleifN=2016, thentotalclaimsincurredforyearN-10wouldbeeither: •ThesumofgrossclaimspaidplusRBNSasatthereportingreferencedateforallclaimeventsthatoccurred in2006,ifitemZ0020=“accidentyear”;or •ThesumofgrossclaimspaidplusRBNSasatthereportingreferencedateforallclaimeventsrelatingto contractswrittenorrecognisedin2006,ifitemZ0020=“underwritingyear”. PleasenotethatonlytheRBNSpartofthebestestimateisincludedintemplateS.21.01(theincurredbutnot reported(IBNR)partofthebestestimateisnotincludedinS.21.01).Downward(orupward)revisionsto previousclaimsarenotexplicitlyreportedintemplateS.21.01.Considerasingleclaimthatoccurredin2006, say,forwhichatend2016paid=20andRBNS=100.Itmightbethatforthisclaimatend2017paid=30and RBNS=80.Thustheclaimsincurredfortheclaiminquestionis120intheatend2016templateand110in theatend2017template,theclaiminquestionhasbeenreviseddownby10during2017butthusrevisionis Incaseofunlimitedexposures,suchasthecaseofthelineofbusinessmotorvehicleliabilityinsurance(line ofbusiness4inDelegatedRegulations2015/35AnnexI),thesecontractsneedtobereportedinthelast bracket.Forthereportingofthe“Totalsuminsured”undertakingsshoulduseanestimationoftheexpected possibleloss. AsstatedininstructionsforC0020/R0010-R0210: “ForpolicieswherethereisnoSumInsureddefinedinthepolicytheundertakingshoulddotheirown estimationsorusedefaultvalues. DownwardsrevisionsoftheBEarenotdirectlyshowed,onlytheamountoftheBEattheendofthe referenceperiodshouldbereported.Thismightbelowerfromoneyeartotheotherbutshouldnotbe C0350on“Internalrating”istobeusedonlyforinternalratingofassetsforundertakingsusinganinternal modeltotheextentthattheinternalratingsareusedintheirinternalmodelling. Inthecasedescribed,ofanundertakingusingthestandardformula,C0320-C0340shouldbeused.Ifthe assetatstakedoesnothaveanyratingfromthenominatedECAIsthenC0320andC0330shouldnotbe reported.UnderC0340thecreditqualitystepattributedtotheasset,asdefinedbyarticle109a(1)of Directive2009/138/ECshouldbereported.TheinformationreportedinC0340shallinparticularreflectany Inordertofillinproperlythecellsofthequantitativereportingtemplates,includingS.23.01.04,oneneeds toconsidertherelevantprovisionsoftheSolvencyIIDirective,CommissionDelegatedRegulation(EU) 2015/35,CommissionImplementingRegulation(EU)2015/2450layingdownimplementingtechnical standardswithregardtothetemplatesforthesubmissionofinformationtothesupervisoryauthorities,and relevantguidelines.Inparticular,instructionsregardingreportingtemplatesforgroupsaslaiddowninAnnex IIIoftheCommissionImplementingRegulation(EU)2015/2450needtobeconsidered. Validationsshouldnotbeperceivedasinstructionstofillinthecells.Theiraimistoguaranteethequalityof theinformationprovidedinthereportingtemplates. Inanycase,weconfirmthatinaccordancewithArticle82(2)oftheCommissionDelegatedRegulation(EU) 2015/35thesumoftheeligibleamountsofTier2ownfundsshouldbelimitedto20%oftheminimum consolidatedcapitalrequirement.ForfurtherdetailspleaseseeGuideline16ofEIOPAGuidelinesongroup 1.Weconfirmthatincasethegroupusesthestandardformulaandapartialinternalmodel,then R0590/C0010inS.23.01.04(ConsolidatedgroupSCR)shouldbeequaltoR0220/C0100inS.25.02.04 (Solvencycapitalrequirementforundertakingsunderconsolidatedmethod)."ThiscanbetakenasgroupSCR calculatedwithmethod1excludingSCRcalculatedforundertakingscoveredbymethod2(D&A). 2.WeconfirmthatinS.25.02.04,R0570/C0100shouldthesumofR0220/C0100andR0560/C0100. 3.ThesecondformulaiscorrectbutitshouldrefertoR0560(Totaleligibleownfundstomeetthe consolidatedgroupSCR(excludingownfundsfromotherfinancialsectorandfromtheundertakingsincluded viaD&A)insteadofR0520,asfollows:S.23.01.04-R0630/C0010=S.23.01.04-R0560/C0010/(S.25.02.04(R0220-R0500)/C0100). Thefirstformulaisnotcorrect,becauseitrefersinthedenominatortoR0590,whichincludesthe contributionfromotherfinancialsectors(OFS),whileintheLOGstatesthatthe“consolidatedgroupSCR”to Inacurrencyforwardcontractitisassumedthatthetwocurrenciesinvolvedarethereportingcurrencyand aforeigncurrency.TheforeigncurrencyisidentifiedinC0310andthepositioninthecontractisidentifiedin C0130. Ifitisacontractwithtwoforeigncurrencies,itismoreprobablethatitisacurrencyswap,inwhichcase C0350andC0360shouldbeusedtoidentifybothcurrencies. Thevalidationiscorrect.Thereisinfacttworeasons,asyoupointedout,forthevalueinS.28mightbe biggerthantheamountsreportedinS.12: -TheamountofthetransitionalonTechnicalProvisionsregardingtheAcceptedreinsuranceonInsurance withprofitparticipationasforAcceptedreinsurancetheamountsarenotsplitbyLoB; -Level2provisionsarealsorelevantasnotallrecoverablesareinfactrecognisedforMCRcalculation purposes. By“apportionmentfromtheTechnicalprovisionstransitional”:itismeantthattheamountoftechnical provisionstransitionalneedstobeallocatedtothedifferentLoB; By"contributorymethodologyusedforthepurposesofMCRcalculation":itismeantthattheallocation shouldbedoneusingthesamemethodologyusedfortheMCRcalculation,asreferredtoinGuideline9of “EIOPAGuidelinesontheimplementationofthelong-termguaranteemeasures”. Itshouldbeanestimationofthemaximumamountrepresentingthefuturecashout-flowsrequiredtosettle thecontingentliabilityoverthelifetimeofthatcontingentliability,discountedattherelevantrisk-free interestratetermstructure.Moredetailswouldneedtobeknownfromthespecificsituation,regardinghow theexcessandadditionalproceedsarecalculatedandunderwhichsituationitwouldoccur,butitcouldbe forinstancethatthemaximumvalueisthetotalvalueofthesubsidiary?Undertakingswouldneedtomake TheprinciplesassetoutinArticles81and217oftheCommissionDelegatedRegulation2015/35,and describedinGL15ofEIOPAGuidelinesongroupsolvency,providethattheintra-grouptransactionsbetween theassetsandliabilitiesassociatedwithamaterialring-fencedfundorwitheachmatchingadjustment portfolioandtheremainingconsolidateddatashouldnotbeeliminated.However,thetemplateS.03.01isfor thereportingofoff-balancesheetitemsandinternalguaranteeswithinthescopeofthegrouparenot reportedinthistemplate. ThereferredfilingruleS.2.18(c)describestherequiredaccuracyofthereportedfiguresrelevantfortheXBRL businessvalidationswhenthedataistransmittedwiththeEIOPAXBRLtaxonomy.PleaseseesectionVII.2of thesamedocument,theXBRLspecificationandtheEurofilingFAQforabetterunderstandingofthe behaviour.Intheexamplethatyoumention,forreportedfigures>=100000000with@decimalsattribute-4 thetoleranceforcalculationswillbe+-5000. EIOPAconfirmsthattheinterpretationiscorrect:shouldbethesumofclaimspaidduringthereportingyear plusRBNSattheendofthereportingyearandthisisallocatedtotherespectiveunderwriting/accidentyear. PleaseseealsoQ&A74fromfile“AnswerstoquestionsontheFinalreportontheITSonthetemplatesfor thesubmissionofinformationtothesupervisoryauthorities(CP-14-052)” https://eiopa.europa.eu/regulation-supervision/q-a-on-regulation EIOPAconfirmsthatC0310oftemplateS.08.01isonlyapplicabletoover-the-counterderivativesconsistently withC0290. Thecellistobefilledinwiththevalueofthederivativecalculatedasdefinedbyarticle75oftheDirective 2009/138/ECatthetrade(closingorsale)ormaturitytradedate.(asdefinedintheInstructionsofcell C0230) ThiswasamistakeandtheInstructionswillbecorrect.TheintentionisthatallLoBslistsarealignedwiththe codesusedintheAnnexofDelegatedRegulation2015/35. Infactbrokersarenotmandatory.Ifnobrokerisusedthecellsmustbeleftempty.WewillamendtheFilling rulesaccordingly. EIOPAconfirmsthattemplatesS.29sareonlyrequiredwhentwoSolvencyIIreportingfiguresareavailable, i.e.forDecemberyearendcompaniesinrelationto31/12/2017or30/06/2017inthecasereferred. OvernightdepositsXT73forthefollowingreason:Inovernightmarkettransactionslenderslendfundsonly overnight,i.e.theborrowermustrepaytheborrowedfundsplusinterestatthestartofthebusinessthenext day.Typicallythistypeoftransactionsoccurinthemorningafterthestartofthebusinessdayandare finalisedthenextmorning.Forthatperiodintime,i.e.overnight,thelenderdoesnothaveaccesstothe InthecasedescribedboththeexternalratingandCQSneedstobereported.TheCQS(tobeusedintheSCR calculation)shouldreflecttheinternalassessment(asininstructions:“Thecreditqualitystepshallin particularreflectanyreadjustmentstothecreditqualitymadeinternallybytheundertakingsthatusethe standardformula”). TheapproachinS.31.01isthesameasinS.06.02. PleaseseeanswertoQ74ofdocument“AnswerstoquestionsontheFinalreportontheITSonthe templatesforthesubmissionofinformationtothesupervisoryauthorities(CP-14-052) https://eiopa.europa.eu/regulation-supervision/q-a-on-regulation Optiona)shouldbefollowed,i.e.forthepurposeoffillinginthetemplateS.05.02.04aMemberStatein whichaparticipatinginsuranceorreinsuranceundertaking,aninsuranceholdingcompanyoramixed financialholdingcompanyisestablished,shouldbeconsideredasthehomecountry. WhenwesayintheQ&A“(closingorsale)ormaturitytradedate"wemeanmaturitydateifderivativewas helduntilmaturityorclose/sellingdateifderivativewasclosed/sold.Thereferencedateisthedatefrom whichthederivativeisnolongerownedbytheundertaking.Itisnotexpectedthatundertakingmonitorsthe valueofaderivativethatitnolongerholds(i.e.theuseof“asof”wasinfactmisleading). Wheninthegeneralcommentsitisstated“Whenacontractisstillopenbuthasbeenreducedinsizethe closedportionshallbereported.“,thisisvalidforallapplicableitemsofthetemplate,includingC0230. Asforthepurposeofthetemplateitwascommunicatedinpreviousconsultationsandisasfollows: “Thistemplateprovidesinformationthatisessentialforbothmicro-andmacro-supervisory:adetailedlistof derivatives.Thisdetailedlistincludesallderivativescontractswhichexistedduringthereportingperiod,but wereclosedpriortothereportingdate.ItwillbeusedinconjunctionwithAS-D1orAS-D1Qtogivea completevisionoftherisksintheinvestmentportfolioandtheriskmitigatingstrategiesfollowedthrough theuseofderivatives,reducingtheneedforadhocrequests.” (pleasenotethatreferencestoAS-D1andAS-D1QcorrespondstoS.06.02andS.8.01respectively) AsspecifiedintheLOGs,templatesS.15.01.04andS.15.02.04“shallonlybereportedbygroupsinrelationto thedirectbusinessandonlyforthoseentitiesoutsidetheEEAthathavevariableannuitiesportfolios.”The templatesshouldthereforeincluderelevantinformationalsowithregardtonon-EEAundertakings, regardlessofwhetherthethirdcountryisrecognisedasequivalentunderArticle227oftheSolvencyII TheT4Uisrenderingtotheusersthelabelsofcolumn“Hierarchy”oftheDPMdictionarypublishedinour websiteinExcelformat.ThiscolumnsometimesisnotfullyalignedwithbusinessLogs,forexampleas indicatedthetoolisrenderingthefullnamesforcountriesinsteadtheISOcodes.Thisdecisionwasmade duringthedevelopmentoftheT4Ubecauseitwasconsideredthattheselabelswereingeneralmoreuser friendlyforthedictionary.Forfurtherquestionabouttoolforundertakingsprojectpleasecontact [email protected]. EIOPAconfirmstheanswersprovidedbefore.Thereportingshouldaddress“claimsincurredduringthe reportingyear”.Pleasenotethatisnot“claimsreportedinyearN”. EIOPAconfirmstheinterpretation.Whentheinstructionsreferto“exposure”itismeanttoreferto instrument/asset.Howeverpleasenotethatthistemplateshouldbecomplementedbynarrative information.Iftheamountsofriskconcentrationintheformofderivativesismaterial,wewouldexpect informationonratingofthecounterpartyinthenarrativereport. IntheinstructionsoftemplateS.06.02,ingeneralcommentsitisstated:“OnthetableInformationon positionsheld,eachassetshallbereportedseparatelyinasmanylinesasneededinordertoproperlyfillin allvariablesrequestedinthattable.Ifforthesameassettwovaluescanbeattributedtoonevariable,then thisassetneedstobereportedinmorethanoneline.” Referringtotheconcreteexample,differentAssetIDcodesshouldbeattributedtothebuildingssothatthe properCICcouldbeattributed.IntheBalance-sheetthemarketvalueofthebuildingshouldalsobesplit. Inthiscase,andalsointhecaseofcurrencyforwardcontractinvolvingthereportingcurrencythefollowing shouldbereported: -C0120shouldidentifythenominalamount -C0310shouldidentifythecurrencyofthenominalamount,currencybeingfixed -C0330shouldidentifythecurrencyandexchangerate Forexample,inaforwardcontractUSD|GBP,1000000USD,exchangerateUSD|GBP=0,6959: -C0120:1000000 -C0310:USD -C0330:GBP0,6959 PleaseseeanswertoQ&A81aspublishedinAnswerstoquestionsontheFinalreportontheITSonthe templatesforthesubmissionofinformationtothesupervisoryauthorities(CP-14-052)regardingthe considerationofrecoverablesonbothtemplates. RegardingyourreferencetothefactthatS.28.01referstoNLactivitiesweclarifythatwealsoexpectallNL activitiestobereportedinS.17.01,thereforenodifferenceintheamountsreportedisexpectedduetothat reference. AsregardsS.25.01.04,thevalueincellR0220(Solvencycapitalrequirementforundertakingsunder consolidatedmethod)shouldincludeallelementsoftheconsolidatedgroupSCR.ForthisreasonR0220 shouldbethesumofthefollowingcells: -R0200(diversifiedpartoftheconsolidatedSCR,referredtoinArticle336pointa)oftheCommission Delegatedregulation2015/35), -R0210(capitaladd-ons), -R0500(Article336point(c)oftheCommissionDelegatedregulation2015/35), -R0540(Article336point(b)oftheCommissionDelegatedregulation2015/35), -R0550(Article336point(d)oftheCommissionDelegatedregulation2015/35). Pleaserefertotheanswerpublishedon27January2016underQ&Aprocedureinthefile“Answersto questionsontheFinalreportontheITSonprocedures,formatsandtemplatesofthesolvencyandfinancial conditionreport(CP-14-055)”.InthisansweritwasclarifiedthatthevalueincellR0680/C0010isthesumof thevaluesof“ConsolidatedGroupSCR”(R0590/C0010)and“SCRforentitiesincludedwithD&Amethod” (R0670/C0010).Itwasalsoconfirmedthereisamistakeintheinstruction,whichwillbecorrectedonthefirst possibleopportunity. EIOPAconfirmsthattheintentionisthatC0210(Annualisedguaranteedrate(overaveragedurationof guarantee))isonlyfilledinwhenthecontractguaranteesarateofreturn.Guaranteedbenefitssuchascash surrendervalues,maturityanddeathbenefitsshouldnotbeconsideredforthispurposes. Themovementsonaregularbankaccount,heldinthebankwhichbelongstothesamegroup,shouldnotbe reportedasanIGTbetweentheinsuranceundertakingandthebank.Suchtransactionsshouldhoweverbe reportedasIGTbetweentheinsuranceundertakingandotherentitytowhomthepaymentfromthebank accountwasmade(ifabovethethresholdordeterminedasatypeofIGTwhichneedstobereportedineach case). Theoutstandingamountofdepositsmadebytheinsuranceundertakingatabankwhichbelongstothesame groupshouldbereportedasIGT,ifallrelevantconditionsaremet.Therelevantconditionsshouldbe assessedbyconsideringthesumofopenpositionsateachmoment(i.e.iftheoutstandingamountof depositsmeettheconditionsatanypointintimeofthereferenceperiod,evenifnotattheendofthe Weconfirmthatoffbalancesheetguaranteesbeinganintra-grouptransactionfallingunderreporting obligationshouldbereportedinS.36.04.Wealsoconfirmthatthepartiestothetransactionareanentity receivingtheguaranteeandanentityprovidingaguarantee.Informationregardingtheentityreceiving guaranteeshouldbeprovidedinC0020,C0030andC0040.Informationregardingtheentityproviding guaranteeshouldbereportedinC0050,C0060andC0070. InS.03.01,wherethereportingentityisthebeneficiaryoftheguarantee,theguaranteeshouldbereported inR0030as“Guaranteesreceivedbytheundertaking,includinglettersofcredit. AsregardsS.25.01.04,thevalueincellR0220(Solvencycapitalrequirementforundertakingsunder consolidatedmethod)shouldincludeallelementsoftheconsolidatedgroupSCR.ForthisreasonR0220 shouldbethesumofthefollowingcells: R0200(diversifiedpartoftheconsolidatedSCR,referredtoinArticle336pointa)oftheCommission Delegatedregulation2015/35), R0210(capitaladd-ons), R0500(Article336point(c)oftheCommissionDelegatedregulation2015/35), R0540(Article336point(b)oftheCommissionDelegatedregulation2015/35), R0550(Article336point(d)oftheCommissionDelegatedregulation2015/35). ThevalidationcheckBV136willbeamendedaccordingly(thefollowingcellswillbeadded:R0500,R0540and R0550). Informationoncapitalrequirementsoftheentitiesfromotherfinancialsectorsshouldnotthereforebe Infactthetextwasnotclearenough. Pleasenotethatthefollowingcorrectionwillbepublished: InS.06.02.Generalcommentsthe6thparagraphshallbereplacedbythefollowing: “OnthetableInformationonpositionsheld,eachassetshallbereportedseparatelyinasmanylinesas neededinordertoproperlyfillinallnon-monetaryvariableswiththeexceptionofitem“Quantity”, requestedinthattable.Ifforthesameassettwovaluescanbeattributedtoonevariable,thenthisasset needstobereportedinmorethanoneline.” PleaseseeanswertoQ&Anumber93publishedonEIOPAwebsiteon10May2016(inthefilewithquestions referringtoFinalreportontheITSonthetemplatesforthesubmissionofinformationtothesupervisory authorities(CP-14-052)),aswellasanswertoQ&Anumber96publishedon17May2016(inthesamefile),in whichitwasconfirmedthatthevalueincellR0220inS.25.01.04shouldbethesumofthefollowingcells, R0200,R0210,R0500,R0540andR0550.ThevalidationcheckBV136willbeamendedaccordingly(cellswill EIOPAconfirmsthatareinsurancecompanypursuingbothlifeandnon-lifebusinessshouldreportoption“1” inS.01.02.C0010/R0040. Anintra-grouptransactionsshouldbeunderstoodasatransactionfallingunderthedefinitionprovidedin Article13point19oftheSolvencyIIDirective,regardlessofwhethertheyhaveimpactonthepositionsof assetsorliabilitiesintheindividualorconsolidatedbalancesheet. Asstatedintheinstructions,thetemplatesshallincludeIGTsthatwere: •in–forceatthestartofthereportingperiod(includingtransactionsinceptedinthepreviousreporting period), •inceptedduringthereportingperiodandoutstandingatthereportingdate, •inceptedandexpired/maturedduringthereportingperiod. AllexamplesofIGTsprovidedinthequestionfallunderthescopeofreportingrequirements(iftheirvalue exceedstherelevantthresholdortheyaredeterminedasatypeofIGTtobereportedinallcircumstances). Theyshouldthereforebereportedforthereportingperiodinwhichtheywereincepted,andthenthey shouldbereportedinthefollowingreportingperiodsiftheyarestillinforceatthestartofthesereporting RegardingyourquestiononS.19,thesameissuecouldactuallyberaisedforinformationnotsplitbyLoB,as differentinflationratesmaybeusedfordifferentLoB–inthiscasesorinthecaseswherereportingby LoB/currencyisnotreportedtheinflationrateusedforthemostmaterialLoB/currencyshouldbeused.Itis expectedthatforthecurrencythiswouldbethereportingcurrency.Ifthisisnotthecasepleasecontactyour supervisoryauthority. EIOPAconfirmstheinterpretationoftheformulationofbothC0070andC0090. InadditionpleasenotethatregardingR0020(Basicownfunds)thereferenceto“Itshallbethedifference betweenthebasicownfundsconsideringtechnicalprovisionswithoutvolatilityadjustmentandwithout othertransitionalmeasuresandthemaximumbetweenthebasicownfundsconsideringtechnicalprovisions reportedunderC0010,C0020andC0040”iswrong.Inthiscaseitshouldrefertothe“minimum”.The formulationwith“maximum”isvalidonlywhentheitematstakedecreasewiththeapplicationoftheLTGA, whichisnotthecaseofownfunds. IntemplateS.23.02theReservesfromfinancialstatementsadjustedforSolvencyIIvaluationdifferences (C0110/R0650)isexplainedbyitsdifferentcomponentsofdifferentvaluationsandtotalofreservesand retainedearningsfromfinancialstatements.TheSolvencyIIEoAoL(C0110/R0700)isthentheReservesfrom financialstatementsadjustedforSolvencyIIvaluationdifferences(C0110/R0650)plusExcessofassetsover liabilitiesattributabletobasicownfunditems(excludingthereconciliationreserve)(C0110/R0660). InrelationtoDTAandSurplusFund: -R0650doesnotincludeDTA,onlythedifferenceofDTAvaluesunderSIIandvaluedinfinancial statements.ThevalueofSIIDTAisonlyreflectedinR0660 -R0650doesnotincludealsoSurplusFundasthisisnotaReserveunderfinancialstatements.Under financialstatementsthisamount(thatreferstoarticle91(2)ofSolvencyIIDirective)isaliability.Thevalueof SurplusFundisthereforedeductedfromR0650(eitherinrowR0610orR620dependingifinfinancial statementsthisamountisaTPorotherliability)andisthenconsideredinR0660(asaBOF).Pleasebeaware thatinS.23.02R0650=R0600-R0610-R0620+R0630(+R0640),whereall“increase”ofvaluationshould havea”+“signandall“decrease”ofvaluationshouldhavea”-“signforR0600,R0610andR0620. Itisoption1).Pleaseseethe“FinalreportonpublicconsultationNo.16/004ontheproposalfor amendmentstoImplementingTechnicalStandardsonthetemplatesforthesubmissionofinformationtothe supervisoryauthorities”whereinAnnexVthemistakeisproposedtobecorrected. Thatiscorrect.Theitems“Quantity”and“Totalparamount”arenotapplicabletoproperty.Inthiscaseonly C0170shallbereported. ThiswasmadeclearinthecorrectionsproposedtotheITS.Pleaseconsultthe“Finalreportonpublic consultationNo.16/004ontheproposalforamendmentstoImplementingTechnicalStandardsonthe EIOPAconfirmsthatinR0220theamountof“Ownfundsfromthefinancialstatementsthatshouldnotbe representedbythereconciliationreserveanddonotmeetthecriteriatobeclassifiedasSolvencyIIown funds”shouldbereportedonlyunderTotal. However,inthecalculationsofR0290(Totalbasicownfundsafterdeductions),R0500toR0550(Available andeligibleownfundsforindividualundertakings)andR0520toR0570(Availableandeligibleownfundsfor groups)theamountreportedinR0220/C0010shouldbedeductedasifitwasreportedasTier1unrestricted (assumptionisthatdeductionisdoneinReconciliationreservewhichisTier1unrestricted). InfacttheanswertoQ10wasunfortunatelyincorrectandwillbeamended. InthiscasetheInstructionsaspublishedintheITSshouldprevailantthecontractsclosedduringthe reportingperiodshouldalsobereportedifthetemplateisdue.Pleasenotethattheclosedcontractsdonot countforthepurposesofthethresholdcalculation. InS.37.01allrisksandcontractsforallcompaniesinthegroupshouldbereportedinrelationtothe counterpartieswhereexposureexceedsthethresholddefined.Thegroupshouldlookatitsoverallexposure toasinglecounterpartyandreporttheindividualexposuresthatmakeupthatoverallexposurewherethe thresholdhasbeenexceeded.Ifthevalueofriskconcentrationexceedsthethresholddeterminedbythe groupsupervisororifaparticulartypeofriskconcentrationhasbeenidentifiedbythegroupsupervisortobe reportedinanycircumstances,inaccordancewithArticle244(3)oftheSolvencyIIDirective,the correspondingexposuresshouldbereported. ThefourthparagraphintheinstructionssetoutinS.37.01,“Theaimistolistthemostimportantexposure (valueoftheexposure)bycounterpartyandbytypeofexposure…”isnotnecessarilytobeinterpretedas onlyoneexposure(thelargest)istobereportedforacounterparty/typeofexposurecombination.A group’sreportingofitsriskconcentrationsshouldbediscussedwiththegroupsupervisor. AccordingtoArticle376(2)oftheCommissionDelegatedRegulation2015/35,forthepurposesofidentifying significantriskconcentrations,directandindirectexposuresofundertakingsinthegrouptoallofthe followingshallbeconsidered: individualcounterparties;groupsofindividualbutinterconnectedcounterparties,forexampleundertakings withinthesamecorporategroup;specificgeographicalareasorindustrysectors;naturaldisastersor catastrophes. InfactonlytheassetsreferredintheinstructionsofthetemplateS.06.02(templateshouldreflectthelistof allassetsincludedintheBalance-sheetclassifiableasassetcategories0to9ofAnnexIII–AssetsCategories ofthisRegulation)shouldbereportedinS.06.02evenifincludedinunitlinkedcontracts.ThereforeEIOPA doesnotexpectaperfectmatchbetweentheamountreportedinS.02.01asAssetsheldinunitlinkedand theassetslistedinS.06.02(andinS.08.01ifapplicable)inrelationtothiscontracts. SeeQ&A169fromfileAnswerstoquestionsonGuidelinesonsubmissionofinformationtoNCAs (Preparatoryphase) YourquestionwasclarifiedintheFillingrulespublishedonthe15/7andrelevantpartrepeatedbellow. Notrequestedornon-applicablefactsforareportshouldnotbereportedatall(ratherthanreportedwith „0”orasemptystring). Pleasenotethattheguidelineissayingshouldtoovercomethelimitationinsomesystemsofhavingto report0oremptystringsfornotrequestedornon-applicablefacts. Thebelowexamplesareprovidedasaguidetoidentifycaseswherenonapplicablefactsmaybereported: 1)InS.06.02iftheinternalratingisreportedthentheexternalisnotrequestedandshouldnotbereported. However,itmaybereportedas0fortechnicalreasons. 2)InS.06.02ifthereisnotcustodianthefactshouldnotbereportedbecauseitisnotapplicable.However,it maybereportedasanemptystringfortechnicalreasons. 3)InS.19.01ifacompanyisauthorizedonlyfor5yearsinalineofbusiness,thepreviousnonapplicable yearsshouldnotbereported.However,itmaybereportedas0fortechnicalreasons. IncaseofCIC71forvaluesreferringtothereportingcurrencythevaluationmethodtobeusedshouldbe“1- quotedmarketpriceinactivemarketsforthesameassets”.Incaseitreferstocurrenciesdifferentfromthe reportingcurrencythemethodshouldbethesameunlessspecificsituationsapplyinrelationtothe Itistheresponsibilityoftheundertakingtoassessifthemarket(e.g.amultilateraltradingfacility)wherethe OTChashightradingvolumesandwherethebid/askspreadsaredisclosedcomplywiththecriteriaforactive markets,asdefinedininternationalaccountingstandardsadoptedbytheCommissioninaccordancewith InfactthereisaninconsistencybetweentheInstructionsandthetextoftheITS.Inthiscasetheaimofthe templatesshouldbeconsidered,togetherwiththeoptionsforeseeninS.01.01.Consideringtheaimofthe templates: -S.05.02.isnotduewhenthresholdsforreportingbycountryarenotapplicable.Ifinformationregardingthe homecountryrepresents90%ormoreofthetotalgrosswrittenpremiums,templatebycountry(S.05.02)is notdueforreporting. -S.12.02isdueevenifinformationbycountriesdoesnothavetobereportedindividuallyinadditiontothe homecountry.PleasenotethatinthiscasethetemplatesrequesttheinformationofthetotalEEAcountries andtotalnon-EEAcountries.Theexceptioniswheninformationregardingthehomecountryrepresents,for alllinesofbusiness,is100%ofthesumofthetechnicalprovisionscalculatedasawholeandgrossbest estimate,thentemplatebycountry(S.12.02)isnotdueforreporting.ThesameappliestoS.17.02. InthiscaseEIOPAtookdifferentapproachesinprudentialandfinancialstabilityreportingrequirements. InS.41.01.11wehavestatedthat“pureunitlinkedproductsaretobeexcluded”.Thisstatementshouldonly beconsideredforthepurposesoffinancialstabilityreporting. InS.12.01wedoexpecttoseethesurrendervalueoftheunit-linkedproductsreported.Unlessaspecific surrendervaluehasbeenspecifiedinthecontract,thisshouldbeunderstoodastheunitisedfundvalue, whereapplicablecorrectedbycommissionsasdefinedcontractuallyincaseofasurrenderoftheproduct. Thisvalueshouldbereportedinthecolumnsofunitlinkedcontracts,regardlessiftheyarepureunitlinked orarelinkedtoothercontracts. Theanswerwillbealsouploadedinourwebsiteaccordingtotheprocedure. Inthecaseexplainedthepropertyshouldbereportedinasmanylinesasneededtoproperlyidentifythe correctCICcode.TheIDoftheassetshouldalsobedifferentinthiscasefortechnicalreasons. Alsointhebalance-sheetthepropertyshouldbeproperlydivided.Infactthepropertyshouldbedividedin differentfractionsasdifferentmarketvaluesmaybeobservedforrented/nonrentedproperty.Thishowever dependsonthenationallegislationonthisregard. Incaseofdoubtpleasecontactyoursupervisoryauthority. Inourviewifaderivativeistradedatdifferentdatesbutwiththesamecharacteristics,itisthesame derivativeandhasthesameIDcode.However,ifthematuritydateisnotthesame,asfortheexamplegiven foroptions,itmeansthatthederivativeshavedifferentexpirydates(andpossiblydifferentstrikeprices) whichthenmakesthemdifferentderivatives,withdifferentIDcodes. Theinterpretationiscorrect.Inthecaseswherethecontractsareautomaticallyrenewedthevaliditydate shouldnotbereported. Thisspecifictemplate(S.36.03)aimthesupervisionofIGTsthereforetheamounttobereportedshouldbe theamountrelatedto31.12.20xx(asreflectedinthebalance-sheet)nottherenewedvalueatthe 01.01.20xx+1. Onvalidations,atthetimeofthepublicationoftheGuidelinesonReportingandDisclosure,EIOPAbelieved thatvalidationstobecompliedwithwhensubmittinginformationtosupervisorsarecrucialastheyensure dataquality.Howeveritalsorecognisedthatitiscrucialtodesignandimplementpropervalidationsand avoidanymistakesinthisareaasthismightendangertheabilityofthesupervisorssystemstoreceivethe correctinformation.Forthisreasonandalsoreflectinglessonslearnedfrompreviousprocesses,including thepreparatoryphase,EIOPAhasdecidedtotakeastep-by-stepapproachinimplementingthevalidations. ThismeansthatthefilepublishedtogetherwiththeFinalReportreflectedonlyasubsetofthevalidations publiclyconsulted.Theremainingvalidationswillcontinuetoberevisedandwillbeincorporatedinthe Allinformationreportedshouldrefertotheacceptedreinsurance.Inthecasereferredtheinformation regardingthenumberofcontractsshouldrelatetothereinsurancecontractsoriginatingthetechnical provision.Itwouldcorrespondtothenumberofcontractswheretheundertakingactsasreinsurer. Inthiscase,inparticular,C0100(Productclassification)shouldbefilledinwith“5–Other”andC0140should befilledinwith“4-Other,anyothercasenotmentionedinoptionsaboveoracombination”. Thevolatilityadjustmentmaybeappliedtopartofthebusiness.Let’ssaythatgrossBEis100,asyousay includingVA.However,30correspondstobusinessforwhichVAwasnotappliedand70tobusinesstowhich VAapplied. -InR0030,100isreported(grossBE) -InR0330,70isreported(R0330isindeedapartofR0030) -InR0340weunderstandthatthedraftingisnotclearandthedifferentdraftingbetweenS.12/S.17raise doubts.However,weclarifythatinbothS.12andS.17whatshouldbereportedistheamountofTechnical provisionswithoutvolatilityadjustment”(usingtheexample,30(amounttowhichVAisnotapplicable)+BE ofcontractsforwhichVAapplied,beforetheapplicationofVA(exampleassumesnoothermeasures)+risk margin).ThisamountwouldcorrespondtothecalculationsasperformedtoassesstheimpactofLTGA(as reportedinS.22.01,butbyLoB). RegardingtheimpactintheriskmarginEIOPAconfirmsthattheriskmarginisnotaffected.See“Guideline2 –Interactionofthelongtermguaranteemeasureswiththeriskmargincalculation”ofGuidelinesonthe implementationofthelong-termguaranteemeasures. Inthereportingpackage,bydefaultamountsshouldbereportedwithapositivevalueunlessotherwise stated. SeealsoQ&A39fromAnswerstoquestionsontheFinalreportontheITSonthetemplatesforthe submissionofinformationtothesupervisoryauthorities(CP-14-052). AsaresultintemplateS.05.01theamountsofpremiums,claimsorexpensesshouldallbereportedas positivevalues(iftheyareinlinewiththeirnature).Pleasenotethatifunderexceptionalcircumstancesany itemhasavalue“against”itsnature,e.g.negativepremiums,thentheamountsshouldbereportedwith negativefigures. However,thereisanexemptiontothisruleinS.05.01template.Inthistemplatetheitem“Changesinother technicalprovisions”mayinfacthaveapositiveornegativeeffect.Asa“variation”itisnotpossibletoseta Inthistemplatethemaximumnumberof5columnsispre-defined.Theinformation,providedbycountry, shallbecompletedforthefivecountrieswiththebiggestamountofgrosswrittenpremiumsinadditionto thehomecountryoruntilreaching90%ofthetotalgrosswrittenpremiums.Thismeansthat: -ifwith3countriesinadditiontothehomecountry90%isalreadycompliedwith,undertakingdon’tneedto report5countries Theapproachadoptedistoconsidertheimpactintheliabilitiesnetofreinsurancerecoverables.Regarding assetssubjecttomortalityrisk,thiscouldbeanystructureproductorcollaterisedsecurityexposedto mortalityrisk. TheJointCommitteehasdraftedandsubmittedtotheCOMthedraftITSlayingdownimplementing technicalstandardswithregardtotheallocationofcredit assessmentsofexternalcreditassessmentinstitutionstoanobjectivescaleofcreditqualitysteps (https://eiopa.europa.eu/Publications/Technical%20Standards/JC%202015%20068%20%20Final%20Draft%20ITS%20on%20ECAIs%20mapping%20under%20Solvency%20II.PDF).