EIOPA · 17
17
- Regulation
- Guidelines on submission of information to NCAs (Preparatory phase)
- Submitted
- 2014-01-28
- Answered
- 2019-10-25
Question
TVM holds a number of assets classified under IFRS 39 as "held for sale".The question we have is: in which line should we classify the "revaluation reserve" in template OF-B1 "own-funds"?The template OF-B1 provides the following options:
Ordinary share capital (gross of own shares)Share premium account related to ordinary share capitalIinitial funds, members' contributions or the equivalent basic own - fund item for mutual and mutual-type undertakings Subordinated mutual member accountsSurplus fundsPreference sharesShare premium account related to preference sharesReconciliation reserve (solo)Subordinated liabilitiesAn amount equal to the value of net deferred tax assetsOther items approved by supervisory authority as basic own funds not specified above
we believe the best option is "surplus funds".
Answer
The “revaluation reserve” as described should be within the “reconciliation reserve” in template S.23.01. - OF-B1 and therefore classified as Tier 1.
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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