EIOPA · 1492

1492

Regulation
(EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article
35
Submitted
2018-03-26
Answered
2019-10-09
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Question

Should gains/losses be recognised for purposes of the S.09.01 when transferring and asset between two Solvency II filing solo entities for purposes of the Solo filing? Alternatively, should gains/losses be recognised for purposes of the S.09.01 when transferring and asset between two Solvency II filing solo entities for purposes of the Group filing?

Answer

Gains/losses should be recognised, also for purposes of the S.09.01, when it is sold, i.e. when the property is no longer from the undertaking. When an asset is transferred from undertaking A to B, the asset is no longer recognised in the balance-sheet of undertaking A and the gains and losses should be recognised.
View original on European Insurance and Occupational Pensions Authority ↗

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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