EIOPA · 3184
Reporting Templates, Validations
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
- Topic
- Reporting Templates, Validations
- Submitted
- 2024-11-07
- Answered
- 2024-12-11
Question
Is it possible that the validation rule BV2159-1 is not correctly implemented?
Background
From the EIOPA_SolvencyII_Validations_2.8.2 we deduce that for columns C0010 (Amount wo LTG/trans), C0020 (Amount wo TP trans), C0040 (Amount wo IR trans), C0060 (Amount wo VA and other trans), C0080 (Amount wo MA and other trans) and C0100 (Impact of all LTG), we need to fulfil the condition: R0090 (SCR) * R0120 (SII Ratio) = R0050 (Eligible OF). But we understand C0100 is defined as the total impact of all LTG (i.e. delta between C0080 and C0010), also for the ratios as this properly reflects the impact of the applied LTG measures have on the results. By doing this, the rule will not be valid. To solve the warning we would need to provide in R0120 the ratio of the delta on your EOF over the delta on SCR, which seems a bit strange as it would no longer reflect the actual impact the LTG measures have on your Ratio.
Answer
The BV2159 should not include the C0100 and thus it was decided to deactivate this validation for the time being. The issue stemmed from faulty instructions which will be corrected during the next ITS review.
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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