EIOPA · 2227
Reporting Templates
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- N/A
- Topic
- Reporting Templates
- Submitted
- 2020-12-08
- Answered
- 2021-01-26
Question
According to the instructions of the QRT S.03.01, it is required to fill the cells C0020/R0100 and C0020/R0110 with the Solvency II value of the collaterals held. Our question is about the mortgages that are held as collateral. Should we consider all kind mortgage ? For example: First-rank mortgage, second-rank mortgage, collateral mortgage and contractual mortgage. Should these kinds of mortgage be valued under Solvency II and reported as collateral held in the QRT S.03.01 ?
Answer
S.03.01 should include all collaterals to which the undertaking may have direct access. Therefore mortgages should be considered.
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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