EIOPA · 1191

1191

Regulation
(EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article
35
Submitted
2017-04-26
Answered
2019-09-24
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Question

How should I apply materiality threshold (i.e. "This template is not required to be submitted if one single currency represents more than 90% of assets and also of liabilities.") when total value of Solvency II liabilities is negative amount caused by negative BEL. These negative BELs are in different currencies.

Answer

When the total value of SII liabilities is negative the thresholds should be applied the same way as in positive amounts. If they're in one single currency the template is not required to be submitted. In more currencies the template is to be reported.
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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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