EIOPA · 2139
Reporting Templates
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- NA
- Topic
- Reporting Templates
- Submitted
- 2020-04-27
- Answered
- 2020-05-26
Question
Regarding validations BV773 and BV775 (the total of expenses reported on template S.05.01 must be positive), in a specific case where reinsurers' share would amount to a higher number than gross expenses, the net expenses would be negative (and likely be considered as income). Is this a possible case figure on template? Are there reporting requirements to consider?
Answer
EIOPA confirms. While in general we expect the net expenses to be positive, we are aware that there exists examples where this will not be the case. Therefore the validation was put as non-blocking.
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.
Similar Q&As
More Q&As on this topic
📋 Track EU financial regulation continuously
Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.
14-day free trial. No credit card required.