EIOPA · 2272
Reporting Templates
- Regulation
- (EU) No 2015/2451 - templates and structure of the disclosure of specific information by supervisory authorities, (EU) No 2009/138 - Solvency II Directive (Insurance and Reinsurance)
- Article
- 35 of SII Directive
- Topic
- Reporting Templates
- Submitted
- 2021-03-17
- Answered
- 2022-09-29
Question
Do you expect pending payable or receivable amount to be reported in the S.06.02 report? For example pending buy/ sell securities, dividend, charges transactions, inwhich the amount is not paid/received before report date. The amount will settle after report date. Do yo expect this in the report S.06.02? If you expect this amount in S.06.02, could we report this total pending amount in one row with CIC XT79?
Answer
IFRS 9 allows both 'trade date' and 'settlement date' accounting for 'regular way purchase or sale', which means here that either the transaction is already recognised at reporting day under 'trade day accounting' or will only be recognised after the reporting day following 'settlement accounting'. In the trade day account case, the outstanding amount is a receivable/ payable, whereas in the 'settlement accounting' case nothing is booked before settlement day.
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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