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IntroductionNN Group uses the D&A method for several companies like NN Bank, Investment management and Japan Life. These companies are regulated but not under the scope of EIOPA.These entities are reported according to local sectoral rules and classified on the line Participations in the SII balance sheet.
Question 1For entities which use the Deduction and Aggregation method: should they report their SCR in the Own Funds template cell A53B (‘SCR for entities included with the D&A method’) or should thecapital requirement be delivered to the S.25.01 (SCR Standard Formula) template?
Question 2For the above mentioned entities which use the D&A method: should they report their Deductions in the Own Funds template in cell A603 or in cell A605?

European Insurance and Occupational Pensions Authority · Accepted Answer

Question 1: For insurance entities that will be allowed to be included under the D&A method, the SCR should be reported in cell “SCR for entities included with the D&A method” (cell A53B in prep. phase and R0670 in final report on S.23.01.04 and R0560 on S.25.01.04 in the final report). Question 2: Deductions for entities included under D&A should be included in cell “Deduction for participations included by using D&A when a combination of methods is used” (cell A605 in prep. phase and R0260 in final report). Cell A603 in prep. phase and R0230 in final report should be used for “Deductions for participations in other financial undertakings, including non-regulated undertakings carrying out financial activities”, including the ones in accordance with article 228 of the Solvency II Directive.

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