EIOPA · 2693
Reporting Templates, Validations
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
- Article
- 35 of SII Directive
- Topic
- Reporting Templates, Validations
- Submitted
- 2023-06-13
- Answered
- 2023-07-25
Question
We would like to ask for a clarification regarding the business validation BV1865, introduced with Taxonomy 2.8.0. Regarding template S.04.05 the BV1865 expression is the following: {t: S.04.04.01.01, r: R0040, c: C0010, z: Z0001} + {t: S.04.04.01.01, r: R0040, c: C0020, z: Z0001} = {t: S.04.05.01.01, r: R0050, c: C0010, z: Z0001} Looking at the instruction of the template, in the row S.04.04/ R0040 are requested the "Acquisition expenses”, and in row S.04.05/ R0050 are requested the "Expenses incurred (gross)". How is possible to comply with the validation if the expenses requested are different in the two templates (Expenses incurred include Acquisition expenses)?
Answer
From the modelling and LOGs perspective BV1865 is indeed incorrect, the expenses are actually different. BV1865 will be removed from the 2.8.0 Hotfix.
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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