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With regard to question nr 452 (Please clarify can the Total SII amount as part of S.06.02 being reported be in negative?), what is the right way to valuate a participation in a related undertaking when its solvency II amount (calculated, according to adjusted equity method, on excess of assets over liabilities) is negative? Should it be considered a liability or still an asset by calculating its SII amount with another method?

European Insurance and Occupational Pensions Authority · Accepted Answer

Revised answer on 28/04/2023:

EIOPA clarifies that in the case described the negative participation in a related undertaking (calculated, according to adjusted equity method, on excess of assets over liabilities) is to be reported in the S.02.01 in R0880 "Any other liabilities, not elsewhere shown" as liability with a a positive sign. The position doesn't have to be reported in template S.06.02​.

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(Old answer: We confirm that in the case described the negative participation in a related undertaking (calculated, according to adjusted equity method, on excess of assets over liabilities) is to be reported in the S.06.02 as a liability.)

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