1290

The final report on Guidelines on valuation of assets and other liabilities had an Annex (Table: Consistency of IFRS Valuation with Article 75 of the Directive) that detailed whether IFRSs / IASs where or not consistent with SII. It did go into Leasing standard (IAS17). So you are right that the final Guidelines have nothing to update in this regard. Having said that, the table is very useful but not part of the guidelines - only part of the Final report - we as auditors refer to it often and so do clients. So the question is whether EIOPA plans to update the mentioned table over time.  We have been thinking about the impact of the new standard on the SII balance sheet, also for Standard formula reporters there is a capital impact that might be material depending on amount of lease assets. Some clients have asked the question already hence it would be useful to know EIOPA's plan to deal with this.