EIOPA · 879
879
- Regulation
- Guidelines on reporting for financial stability purposes
- Article
- 35
- Submitted
- 2016-12-08
- Answered
- 2019-10-17
Question
Log file defines numeritor as "The amount of discretionary benefits distributed, vested, declared or allotted to policyholders (profit or loss sharing) over the monitoring period (previous year)". How to differentiate the wordings: distributed, vested, declared, allottted? We think the wordings have to be exclusive so that we won't double account them.
Answer
The reporting template does not ask undertakings to separate between these. The amount should contain the relevant discretionary benefits in aggregate, avoiding any double-counting.
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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