EIOPA · 1390
1390
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35
- Submitted
- 2018-01-24
- Answered
- 2019-10-08
Question
The German life insurers in our Group discuss the following topic with German Federal Bank. It states that insurers that hold funds for policyholders must not recognize them in S.06.02 in case of a negative value in column C0170 “Total Solvency II amounts”.
Do you agree with this interpretation? From our point of view, under certain circumstances, a different interpretation, i.e. entries in S.06.02 with a negative value in column C0170, should be acceptable.
Answer
The question seems to refer to the „technical procedure" of booking the written new business and allocating the new single shares of the fund.
Such a „technical procedure" combined with a time gap should not have any impact on the disclosure of the fund in the templates S.02.01, S.06.02 or S.06.03 as this templates should reflect the total value of the assets of the fund, which cannot be negative.
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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