EIOPA · 2426
Reporting Templates, Validations
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
- Article
- 35 and 91 of SII Directive
- Topic
- Reporting Templates, Validations
- Submitted
- 2023-04-14
- Answered
- 2023-07-25
Question
As per EIOPA validation file, validation BV1181 is as follows:
({S.23.02, r0610,c0110}) = abs({S.02.01, r0510, c0010} + {S.02.01, r0600,c0010} + {S.02.01, r0690,c0010} - {S.02.01, r0510,c0020} - {S.02.01, r0600,c0020} - {S.02.01, r0690,c0020} - {S.02.01, r0730,c0020})
We would like to understand, why the Surplus Fund (QRT S.23.01 R0070 / C0010) is not anymore considered in the calculation of S.23.02 R0610 / C0110?
With the new approach (starting from Taxonomy 2.6.0) the Surplus Fund is doubled counted as it is already treated with the position R0660 / C0110 in QRT S.23.02.
Background
712 | Eiopa (europa.eu)
Answer
Given the BV504 ({S.23.02, r0660,c0110}={S.23.01, r0730,c0060}) and BV549 (S.23.01: {r0730,c0060}={r0010,c0010}+{r0030,c0010}+{r0040,c0010}+{r0050,c0010}+{r0070,c0010}+{r0090,c0010}+{r0110,c0010}+{r0160,c0010}+{r0180,c0010}+{r0200,c0010}),
Then ({S.23.02, r0660,c0110}={r0010,c0010}+{r0030,c0010}+{r0040,c0010}+{r0050,c0010}+{r0070,c0010}+{r0090,c0010}+{r0110,c0010}+{r0160,c0010}+{r0180,c0010}+{r0200,c0010}), then R0660 include the Surplus Funds.
Therefore, BV1880 and BV1181 were removed from the 2.7.0 model (similarly to BV1224 and BV1225), with the note to restore them (potentially in a modified manner) in 2.10.0.
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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