EIOPA · 962

962

Regulation
Guidelines on reporting for financial stability purposes
Article
35
Submitted
2017-01-11
Answered
2019-10-17

Question

In Q667 you state that for these Financial Stability QRTs that both Method 1 and Method 2 entities are in scope, with Method 2 entities included on a best efforts basis. Can you please clarify whether you would also expect non-controlled participations (non-subsidiaries) on Method 2 to be in scope for these QRTs? I ask because your Log guidance specifically excludes non-controlled participations from the scope of other QRTs, including S.35.01.04 and also from asset listing requirements in S.06.02 - presumably to allow for the additional difficulty in obtaining the required information for these non-controlled entities.  So, excluding non-controlled participations from the scope of these Financial Stability QRTs would seem consistent with your guidance for other QRTs.

Answer

For consistency with the other QRTs, these participations should be excluded from the scope also for the Financial Stability QRTs.

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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