EIOPA · 1183
1183
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 307
- Submitted
- 2017-05-05
- Answered
- 2019-09-24
Question
According to the annex XX of the delegated regulation 2015/35, the section A3 should contains the requirement set in article 307 (3) of the delegated regulation 2015/35, meaning :"The regular supervisory report shall include all of the following qualitative and quantitative information regarding the performance of the investments of the insurance or reinsurance undertaking, as shown in the undertaking's financial statements"
What do "undertaking's financial statements" mean? Do we have to refer to the local GAAP or to the Solvency II framework?
Answer
The reporting of the performance of the investments of the insurance or reinsurance undertaking in the regular supervisory report should be done using local GAAP. When reference is made to "financial statements", it is meant as accounting statements based on local GAAP.
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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