389

Assuming that SCR undertaking is the sum of SCR ring-fenced funds and each matching adjustment portfolio and the remaining part, this triggers irrelevance in types of QRT "S.26.xx.b". Indeed in the "SCR-B2A-S.25.01.b" QRT, the log is clear on how to reconcile a SCR "as if no RFF exists" and a SCR without diversification effect across ring-fenced funds and each matching adjustment portfolio and the remaining part. But it seems that this reconciliation is explained and possible only at high level within the aggregation tree,  but does not make sense anymore in an upstream sub-module level. So do the QRT "S.26.xx.b serie" still have to be published, or not ?  according to [EIOPA-BoS-14/169, p.22], "In case of existence of ring-fenced funds or matching adjustment portfolios information defined in paragraph uu. shall not be reported for the entity as a whole", but it's strange that we don't find this important information is the header of "ITS Reporting Annex II_Article 9_S_26_01_LOG.doc" for example.