EIOPA · 544
544
- Regulation
- (EU) No 2015/2452 - procedures, formats and templates of the solvency and financial condition report
- Article
- 35
- Submitted
- 2016-01-27
- Answered
- 2019-10-15
Question
Is there an incorrect reference in the definition of R0680/C0010 "Group SCR" in the logs?
Group SCR is defined as ..the sum of the consolidated group SCR.." and "...the SCR for entities included with D&A (R0660/C0010)".
Should this instead refer to R0670/C0010 "SCR for entities included with D&A method"? R0660/C0010 is the "Total eligible own funds to meet the Group SCR" and it is odd to reference part of the SCR to a number which represents the eligible own funds.
Answer
We confirm there is a mistake in the instruction. This will be corrected on the first possible opportunity. The value in cell R0680/C0010 is the sum of the values of “Consolidated Group SCR” (R0590/C0010) and “SCR for entities included with D&A method” (R0670/C0010).
It should be used to calculate “Ratio of Eligible own funds to group SCR including other financial sectors and the undertakings included via D&A” (R0690/C0010), which is calculated as the total of eligible own funds to meet the group SCR (R0660/C0100) divided by the group SCR, including other financial sectors and D&A undertakings (R0680/C0010).
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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