EIOPA · 666
666
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35
- Submitted
- 2016-05-12
- Answered
- 2019-09-18
Question
How to deal with undertakings where D&A method is used for group solvency calculation, e.g. undertakings in the US where the equivalence is granted?
Should S.15.01.04 and S.15.02.04 (Group QRTs) cover also undertakings included via D&A?
Answer
As specified in the LOGs, templates S.15.01.04 and S.15.02.04 “shall only be reported by groups in relation to the direct business and only for those entities outside the EEA that have variable annuities portfolios.”
The templates should therefore include relevant information also with regard to non-EEA undertakings, regardless of whether the third country is recognised as equivalent under Article 227 of the Solvency II Directive, and regardless of whether the undertaking is covered by method 1 or method 2 of group solvency calculation.
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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