EIOPA · 56
56
- Regulation
- Guidelines on submission of information to NCAs (Preparatory phase)
- Article
- 304
- Submitted
- 2014-04-24
- Answered
- 2019-10-28
Question
Please let me ask you question regarding cells for equity risk - when duration based approach is used. I am wondering if cell A7 is meant only for type 1 equities according to article 304 of SII Framework directive, and cells A5 and A6 are used for other type 1 equities (strategic and other)? Or, when company is using duration-based approach, all type 1 equities (article 304 of Directive, strategic participations and other) should be reported in cell A7 and therefore A5 and A6 left blank?
Answer
Cells A5, A6 and A7 should not include duplicate values. Therefore, A7 should include the absolute value of the assets subject to the equity risk for type 1 equities, duration based. If this is the case cells A5 and A6 should not include these values.
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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