EIOPA · 2507
Reporting Templates
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- Template S.04.05
- Topic
- Reporting Templates
- Submitted
- 2022-10-06
- Answered
- 2022-12-01
Question
Regards the new S.04.05 QRT for 2.8 and the associated LOG guidance ((in the draft business package supporting SII taxonomy 2.8.0). Can EIOPA please clarify if there is a materiality threshold for this QRT or would EIOPA always expected this to be included (and completed) in annual submissions? We notice an inconsistency in the LOG file entries for S.04.05 as the threshold (where non-home country business is below that threshold and as such S.04.05 is not required to be reported) is not mentioned but one would infer from the option 3 (3 — Not due in accordance with instructions of the template) for S.01.01 R0106 of the LOGS that there is such a threshold.
Answer
EIOPA expects S.04.05 “Activity by country - location of risk" template to be included in the annual submission. All business shall be reported, however, any residual business over the 95% threshold may be grouped as “other countries. Any inconsistency in the instructions will be considered in the future ITS amendments.
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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