EIOPA · 1753

1753

Regulation
(EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article
35
Submitted
2018-10-31
Answered
2019-10-10
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Question

The error message for validation BV990 states “The information sorted out by country should represent at least 90% of the technical provisions (calculated as a whole and Best estimate).” While we acknowledge that this validation is non-blocking, we believe that failure might occur should negative values be reported within this QRT. Can the validation be amended to compare absolute values.

Answer

EIOPA acknowledges that there is an issue with this validation in case of negative entries. However, working with absolute values does not solve this issue. Considering the number of undertakings reporting material negative values causing the validation to fail is relatively limited, EIOPA will maintain the current validation as non-blocking.
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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