EIOPA · 2133

Own Funds (OF)

Regulation
(EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article
NA
Topic
Own Funds (OF)
Submitted
2020-04-15
Answered
2020-05-11
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Question

As at 31.03.2020 the entity had a foreseeable dividend that would usually be disclosed in S.23.01 at R0720, C0060. EIOPA issued its statement urging insurers to temporary suspend dividend payments due to the COVID-19 outbreak, the entity subsequently suspended its dividend payment.Should the entity now report its Q1 foreseeable dividend as Nil even though the decision to suspend the payment was ultimately taken after 31 March?

Answer

EIOPA confirms that in case the company has decided not to pay dividends then it shall report its Q1 foreseeable dividend as Nil.
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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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