EIOPA · 1165

1165

Regulation
(EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article
35
Submitted
2017-04-19
Answered
2019-09-24

Question

QRT S.04.01 LOG and template seem to refer to business in non-EEA countries only if underwritten by branches:-    Item C0070 (Total business underwritten by all non-EEA branches) defined as “Amount of the business underwritten by all non-EEA branches”.-    Items C0110 (By material non-EEA member  - Business underwritten by material non-EEA country branches) defined as “Amount of business underwritten by material non-EEA country branches in the country where it is established”. In case of business underwritten through FPS directly by the undertaking in non-EEA countries, is it correct that it is not requested to be reported? If the business underwritten through FPS by the undertaking in non-EEA countries is requested, please let us know:-    if any threshold is applicable;-    which are the most appropriate items for reporting within the S.04.01 QRT. More in general, could you confirm that a balancing between the QRT S.04.01 and S.05.01 is not substantially requested?

Answer

Freedom of Services as defined in the Solvency II Directive can only be performed in a Member State (Article 13 (9)). Please also consider Q&A 956.

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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