EIOPA · 2407
Reporting Templates
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35 of SII Directive
- Topic
- Reporting Templates
- Submitted
- 2022-03-22
- Answered
- 2022-11-21
Question
The Regulation states that this template should be completed on the basis of " item–by–item list of off–balance sheet assets held as collateral for covering balance sheet assets held directly by the undertaking". In a prior Q&A (#933) the EIOPA response to the query refers to Reinsurance business held as collateral to be reported as "0" Other investments. Can you please clarify whether collateral held for Reinsurance receivables which are reported in the Balance Sheet, and also via S31.01, should be reported in S11.01 or whether S11.01 is strictly off-balance sheet only.
Background
To date we have not reported S11.01 on the basis that it is off-balance sheet, however the CBI referred us to Q&A#933 and interpreted this to mean we should report S11.01 for collateral on reinsurance receivables even if they are on the Balance Sheet.
Answer
This question has been rejected because the matter it refers to has been answered in Q&As 1385 and 1772.
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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