EIOPA · 46

46

Name: EIOPA Q&A 46 — EU Financial Regulatory Q&A
Creator: European Insurance and Occupational Pensions Authority
License: https://creativecommons.org/licenses/by/4.0/

Regulation: Guidelines on submission of information to NCAs (Preparatory phase)
Article: 35
Submitted: 2014-05-19
Answered: 2019-10-25

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Question

S.02.02 Assets and liabilities by currencyIf our assets and liabilities are more than 90% Sterling I understand that I have sufficient coverage and I can report everything as Sterling.Is that what you expect?

Answer

According to paragraph 5. of Annex I of the Guidelines on Submission of Information if an undertaking have more than 90% of assets and liabilities in one single currency the template S.02.02 does not have to be reported.

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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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