1734

Similar to the validations comparing the solvency II values reported on the S.06.02 template to the balance sheet, BV137 compares the total solvency II value of derivatives reported on the S.08.01 open derivatives template to the derivative asset and liability lines on the S.02.01 balance sheet template. We report the derivatives held by a method 2 entity on S.08.01 whilst reporting the value of the entity within the holdings in related undertakings, including participations line in the balance sheet in accordance with the S.02.01 general comments section of Annex III to the Implementing Technical Standard for group reporting. This means that we would currently fail the validation. We suggest that the validation be removed or changed to non-blocking.