EIOPA · 983
983
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35
- Submitted
- 2017-04-27
- Answered
- 2019-09-24
Question
In the quantative reporting templates (QRT) S.36.01, S.36.02, S.36.03 and S.36.04, the significant intra-group transaction are to be reported. Our supervisory authority defined treshold limits to determine the significant intra-group transactions. Unfortunately there are several fields with Euro sizes in the QRT:
- S.36.01: C0140, C0150, C0160, C0170, C0180- S.36.02: C0140, C0150, C0160- S.36.03: C0120, C0130, C0140, C0150- S.36.04: C0140, C0150, C0160, C0170, C0180
It is therefore unclear to which of these fields the threshold limits are to be applied. Which of these fields determine the amount of the transaction? Our supervisory authority has referred us to you. Therefore, we would be very pleased if you can clarify this issue.
Answer
The group supervisor, in consultation with the Supervisory College should establish the thresholds for the reporting of significant and very significant intra-group transactions ((IGTs). These thresholds shall be determined in reference to a variable as determined by the group supervisor and will be expressed either as a nominal value or a percentage. The variables referenced could include technical provisions, SCR or own funds. The threshold will be set so that it captures necessary information on the risks associated with IGTs.
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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