EIOPA · 104

104

Regulation
Guidelines on submission of information to NCAs (Preparatory phase)
Submitted
2014-08-20
Answered
2019-10-29
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Question

As per the LOG guidance cell A28 ‘Maturity date’ requires loans and mortgages to individuals to be based on a weighted maturity.  For those loans which have no explicit maturity date (such as life time mortgages which only become due on death), we propose to enter ‘31/12/9999’ in this cell. Please confirm this approach is acceptable.

Answer

The loans and mortgages on individuals are not reported line-by-line. For mortgages and loans to individuals, including loans on policies, there must be only 2 lines, one line regarding loans to senior management board and another regarding loans to other individuals, without distinction between individuals. If there are life time mortgages among those undertakings should make an estimation of expected repayment of the mortgage and report weighted average repayment date.
View original on European Insurance and Occupational Pensions Authority ↗

This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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