EIOPA · 667
667
- Regulation
- Guidelines on reporting for financial stability purposes
- Article
- 35
- Submitted
- 2016-07-06
- Answered
- 2019-10-17
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.14.01.10, S.38.01.10, S.40.01.10 and S.41.01.11 (Group QRTs) cover also undertakings included via D&A?
Answer
Yes, the FS templates referred to in the question do not distinguish between methods and the information reported should include undertakings covered by method 1 (based on consolidated accounts) and method 2 (deduction and aggregation method – D&A).
However, it is acknowledged that when D&A is used, the information reported may require the application of the best effort principle (i.e. Information provided only on a best effort basis).
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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