EIOPA · 2897

Reporting Templates

Regulation
(EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Article
Captives - Article 4(4)(5)
Topic
Reporting Templates
Submitted
2023-11-16
Answered
2025-04-30

Question

Can EIOPA please clarify the situation regards reporting exemptions for captives: 1. Firstly, there appears to be errors in the Articles listed in both Article 4(4) and (5). For example, both refer to Article 7, but Article 7 doesn't reference any templates. It looks like it might be that the true set of Articles that should have been listed is one less than that given eg Article 6 instead of 7, Article 8 instead of 9 etc. 2. Regardless, a general question on the significance of Art 4(4) and (5). Is it correct that any articles not listed are therefore completely out of scope for the captive? For example, it's stated that a captive that meets conditions of Article 4(5) " shall use the templates as set out in Articles 7, 9, 12, 15, 17, 19, 21, 22 and 25". So does this mean that the templates listed in Article 13 (being "Annual quantitative templates for individual undertakings and captive insurance undertakings – Technical provisions and risks information" and not in this list) are not required to be submitted by such a captive.

Answer

Correct. There is an error. The correct listing shall be the one below. Captive insurance undertakings which fulfil all of the following conditions shall use the templates as set out in Articles 6, 8, 10, 12, 13, 15, 17, 19, 21, 23 and 24 of this Regulation:Captive reinsurance undertakings which fulfil all of the following conditions shall use the templates as set out in Articles 6, 8, 11, 14, 16, 18, 20, 21 and 24 of this Regulation:EIOPA  will propose to correct the error in the forthcoming ITS amendment.Please note that Article 4 provides risk-based thresholds and therefore defines more proportionate reporting requirements for captives that meet the criteria. If captives do not meet the conditions, they have to report the templates relevant for the individual undertakings.

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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