EIOPA · 2879
Reporting Templates, Captive
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
- Article
- 19
- Topic
- Reporting Templates, Captive
- Submitted
- 2023-11-09
- Answered
- 2025-04-30
Question
Article 19 of the Implementing Regulation 2023-894 specifies required QRTs on SCR information for individual undertakings and captive insurance undertakings, including forms 26 and 27. Article 20 specifies the required QRTs on SCR information for captive reinsurance undertakings and does not include forms 26 and 27. However, Article 24, which applies to individual undertakings, captive insurance undertakings and captive reinsurance undertakings, specifies that forms 26 and 27 are to be prepared for each material ring-fenced fund and for the remaining part. This appears to be inconsistent with Article 20 which does not require captive reinsurance undertakings to prepare these forms. Can you confirm whether, in the case where a captive reinsurance undertaking has ring-fenced funds, forms 26 and 27 would be applicable?
Answer
There is an omission in the ITS related to both the captive insurance and captive reinsurance ring-fenced funds which EIOPA will propose to correct in the forthcoming ITS amendments. This will mean that in Article 24 EIOPA will specify explicitly the templates relevant for captive insurance ring-fenced funds e.g. (S.25, S.26 and S.27) and the ones for captive reinsurance ring-fenced fund e.g. S.25.01 and S.25.05.
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.
Similar Q&As
📋 Track EU financial regulation continuously
Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.
14-day free trial. No credit card required.