EIOPA · 2612
Reporting Templates
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- Article 35 of SII Directive
- Topic
- Reporting Templates
- Submitted
- 2023-03-22
- Answered
- 2023-04-28
Question
S.14.01 C0060 has dimension "VG/Solvency II" but S.05.01 is "VG/Statutory accounts" - so these amounts should not necessarily match. However, BV774 validation requires that they do, as it is a Blocking validation (but this validation has been in place for some years so seems either filers worked around it or in practice the amounts always match)
Answer
Indeed, S.14.01 C0060 has dimension "VG/Solvency II" and S.05.01 is "VG/Statutory accounts", therefore these amounts should not necessarily match.
For this reason we decided to change the severity of BV774 as ‘non-blocking’. In fact even if these values have always matched in the past, it is not economically reasonable to force a validation that might not hold true, even if in very few circumstances.
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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