EIOPA · 1306
1306
- Regulation
- (EU) No 2015/2452 - procedures, formats and templates of the solvency and financial condition report
- Article
- 35
- Submitted
- 2017-08-30
- Answered
- 2019-10-16
Question
In EIOPA logfiles as General comments is mentioning: In case of funds of funds the look–through shall follow the same approach.In the underlying asset category (C0030) is mentioned:When the look–through regards a fund of funds, category “4 – Collective Investment Units” shall be used only for non–material residual values.
How could we identify a underlying fund of funds in the underlying asset category (C0030) as "4" (if the fund of funds Look-through a non-material residual values)
Could we indentify the underlying collective investment units as "4" if not more than 5% of the fund is representing in the underlying collective investment units?
Answer
The current draft amendment ITS on Reporting amends the instructions for C0030. According to the amendment "Category "4 – Collective Investment Units" shall be used only for non–material residual values for both 'funds of funds' and any other fund."
The assessment of the materiality of the amount not looked-through by asset category, i.e. the assessment of non-material residual value, is of undertakings responsibility.
Please consider that there are also other changes in the general comments sections. The ITS corrections are available under the pageSupervisory reporting - DPM and XBRL.
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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