EIOPA · 3232
Validations
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision, Other
- Topic
- Validations
- Submitted
- 2025-01-28
- Answered
- 2025-07-25
Question
EV63_3 and EV63_4 seem to be improperly implemented. The rule EV92 states that the Investment Expenses should be equal or lower to the investment expenses reported in S.29.02 (C0010 / R0050). The investment expenses in S.29.02 are reported negative too comply with the calculations in force on the S.29 in general. If, there is no activity outside the home country, the rules EV63_3 and EV63_4 will result in 0
Answer
The explanatory notes on the variation analyses templates states that the expenses reported in S.29.02/C0010/R0050 are reported as positive values. Furthermore, after the analysis no specific validation was found, referring to S.29.02 R0050, which would indicate otherwise.Therefore, the assumption that values reported in E.04.01.16.01, for the purposes of EV63, are to be reported as negative values is flawed. With the positive values, EV63 holds, even for undertakings with no activity outside of the home country.
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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