1013

Recalculated transitionals: We have a question around how the s.22.05 template should be populated if the transitional were to be recalculated in the future.  For row R0010, the LOG file guidance states that following a recalculation, this should be the Day-1 SII technical provisions for obligations existing at the reporting date, valued at the reporting date.   Similarly, for row R0050, the LOG file guidance states that when recalculated this should be the Solvency I technical provisions for obligations existing at the reporting date, valued at the reporting date.  However, our interpretation of the recalculation rules is that R0010 and R0050 should be populated with updated values still as at the original reporting date (i.e. Day 1), adjusted to use updated financial information etc.   This in effect avoids “double run-off”, given that there is already the prescribed 1/16th p.a. linear run-off being applied from Day-1, and then also the actual run-off since Day-1 if these fields were instead valued at the reporting date.  Can EIOPA confirm that this approach is acceptable?