LegalizeCommission Implementing Regulation (EU) 2023/894 of 4 April 2023 laying down implementing technical standards for the application of Directive 2009/138/EC of the European Parliament and the Council with regard to the templates for the submission by insurance and reinsurance undertakings to their supervisory authorities of information necessary for their supervision and repealing Implementing Regulation (EU) 2015/2450 (Text with EEA relevance)
This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.
| ITEM | INSTRUCTIONS | |
| Table 1 – Participations in related undertakings that are financial and credit institutions which individually exceed 10 % of items included in (a) (i), (ii), (iv) and (vi) of Article 69, not including consolidated strategic participations for the purpose of deductions under Article 68(1) of the Delegated Regulation (EU) 2015/35 | Table 1 – Participations in related undertakings that are financial and credit institutions which individually exceed 10 % of items included in (a) (i), (ii), (iv) and (vi) of Article 69, not including consolidated strategic participations for the purpose of deductions under Article 68(1) of the Delegated Regulation (EU) 2015/35 | Table 1 – Participations in related undertakings that are financial and credit institutions which individually exceed 10 % of items included in (a) (i), (ii), (iv) and (vi) of Article 69, not including consolidated strategic participations for the purpose of deductions under Article 68(1) of the Delegated Regulation (EU) 2015/35 |
| C0010 | Name of related undertaking | This is the name of the related undertaking in which the participation is held. These are participations in financial and credit institutions which individually exceed 10 % of items included in (a) (i), (ii), iv) and (vi), of Article 69 of Delegated Regulation (EU) 2015/35. This does not include consolidated strategic participations. |
| C0020 | Asset ID Code | Asset ID code using the following priority: — ISO 6166 code of ISIN when available — Other recognised codes (e.g.: CUSIP, Bloomberg Ticker, Reuters RIC) — Code attributed by the undertaking, when the options above are not available. This code must be unique and kept consistent over time. When the same Asset ID Code needs to be reported for one asset that is issued in 2 or more different currencies, it is necessary to specify the Asset ID code and the ISO 4217 alphabetic code of the currency, as in the following example: ‘code + EUR’ |
| C0030 | Asset ID Code type | Type of ID Code used for the ‘Asset ID Code’ item. One of the options in the following closed list shall be used: 1 – ISO 6166 for ISIN code 2 – CUSIP (The Committee on Uniform Securities Identification Procedures number assigned by the CUSIP Service Bureau for U.S. and Canadian companies) 3 – SEDOL (Stock Exchange Daily Official List for the London Stock Exchange) 4 – WKN (Wertpapier Kenn–Nummer, the alphanumeric German identification number) 5 – Bloomberg Ticker (Bloomberg letters code that identify a company’s securities) 6 – BBGID (The Bloomberg Global ID) 7 – Reuters RIC (Reuters instrument code) 8 – FIGI (Financial Instrument Global Identifier) 9 – Other code by members of the Association of National Numbering Agencies 99 – Code attributed by the undertaking When the same Asset ID Code needs to be reported for one asset that is issued in 2 or more different currencies and the code in C0020 is defined by Asset ID code and the ISO 4217 alphabetic code of the currency, the Asset ID Code Type shall refer to option 99 and the option of the original Asset ID Code, as in the following example for which the code reported was ISIN code + currency: ‘99/1’. |
| C0040 | Total | This is the full total value for all tiers held in each participation in financial and credit institutions which individually exceed 10 % of items included in (a) (i), (ii), iv) and (vi) of Article 69. This does not include consolidated strategic participations. |
| C0050 | Common Equity Tier 1 | This is the full value of Common Equity Tier 1 held in each participation in financial and credit institutions which individually exceed 10 % of items included in (a) (i), (ii), iv) and (vi), of Article 69). This does not include consolidated strategic participations. Common Equity Tier 1 has the meaning as defined in the relevant sector rules. |
| C0060 | Additional Tier 1 | This is the full value of Additional Tier 1 held in each participation in financial and credit institutions which individually exceed 10 % of items included in (a) (i), (ii), iv) and (vi), of Article 69). This does not include consolidated strategic participations. Additional Tier 1 has the meaning as defined in the relevant sector rules. |
| C0070 | Tier 2 | This is the full value of Tier 2 held in each participation in financial and credit institutions which individually exceed 10 % of items included in (a) (i), (ii), iv) and (vi), of Article 69). This does not include consolidated strategic participations. Tier 2 has the meaning as defined in the relevant sector rules. |
| Table 2 – Participations in related undertakings that are financial and credit institutions which when aggregated exceed 10 % of items included in (a) (i), (ii), (v) and (vi) of Article 69, not including consolidated strategic participations for the purpose of deductions under Article 68(2) of the Delegated Regulation (EU) 2015/35 | Table 2 – Participations in related undertakings that are financial and credit institutions which when aggregated exceed 10 % of items included in (a) (i), (ii), (v) and (vi) of Article 69, not including consolidated strategic participations for the purpose of deductions under Article 68(2) of the Delegated Regulation (EU) 2015/35 | Table 2 – Participations in related undertakings that are financial and credit institutions which when aggregated exceed 10 % of items included in (a) (i), (ii), (v) and (vi) of Article 69, not including consolidated strategic participations for the purpose of deductions under Article 68(2) of the Delegated Regulation (EU) 2015/35 |
| C0080 | Name of related undertaking | This is the name of the related undertaking in which the participation is held. These are participations in financial and credit institutions which when aggregated exceed 10 % of items included in (a) (i), (ii), (iv) and (vi) of Article 69 of Delegated Regulation (EU) 2015/35, not including consolidated strategic participations. |
| C0090 | Asset ID Code | Asset ID code using the following priority: — ISO 6166 code of ISIN when available — Other recognised codes (e.g.: CUSIP, Bloomberg Ticker, Reuters RIC) — Code attributed by the undertaking, when the options above are not available. This code must be unique and kept consistent over time. When the same Asset ID Code needs to be reported for one asset that is issued in 2 or more different currencies, it is necessary to specify the Asset ID code and the ISO 4217 alphabetic code of the currency, as in the following example: ‘code + EUR’ |
| C0100 | Asset ID Code type | Type of ID Code used for the ‘Asset ID Code’ item. One of the options in the following closed list shall be used: 1 – ISO 6166 for ISIN code 2 – CUSIP (The Committee on Uniform Securities Identification Procedures number assigned by the CUSIP Service Bureau for U.S. and Canadian companies) 3 – SEDOL (Stock Exchange Daily Official List for the London Stock Exchange) 4 – WKN (Wertpapier Kenn–Nummer, the alphanumeric German identification number) 5 – Bloomberg Ticker (Bloomberg letters code that identify a company’s securities) 6 – BBGID (The Bloomberg Global ID) 7 – Reuters RIC (Reuters instrument code) 8 – FIGI (Financial Instrument Global Identifier) 9 – Other code by members of the Association of National Numbering Agencies 99 – Code attributed by the undertaking When the same Asset ID Code needs to be reported for one asset that is issued in 2 or more different currencies and the code in C0090 is defined by Asset ID code and the ISO 4217 alphabetic code of the currency, the Asset ID Code Type shall refer to option 99 and the option of the original Asset ID Code, as in the following example for which the code reported was ISIN code + currency: ‘99/1’. |
| C0110 | Total | This is the total value held in the participation (not yet the amount to be deducted). These are participations in financial and credit institutions which when aggregated exceed 10 % of items included in (a) (i),(ii),(iv) and (vi) of Article 69 of Delegated Regulation (EU) 2015/35, not including consolidated strategic participations. |
| C0120 | Common Equity Tier 1 | This is the value of Common Equity Tier 1 held in the participation (not only the part to be deducted). Common Equity Tier 1 has the meaning as defined in the relevant sector rules. These are participations in financial and credit institutions which when aggregated exceed 10 % of items included in (a) (i), (ii), (iv) and (vi) of Article 69 of Delegated Regulation (EU) 2015/35, not including consolidated strategic participations. |
| C0130 | Additional Tier 1 | This is the value of Additional Tier 1 held in the participation (not only the part to be deducted). Additional Tier 1 has the meaning as defined in the relevant sector rules. These are participations in financial and credit institutions which when aggregated exceed 10 % of items included in (a) (i), (ii), (iv) and (vi) of Article 69 of Delegated Regulation (EU) 2015/35, not including consolidated strategic participations. |
| C0140 | Tier 2 | This is the value of Tier 2 held in the participation. Tier 2 has the meaning as defined in relevant sector rules (not only the part to be deducted). These are participations in financial and credit institutions which when aggregated exceed 10 % of items included in (a) (i), (ii), (iv) and (vi) of Article 69 of Delegated Regulation (EU) 2015/35, not including consolidated strategic participations |
| Total participations in related undertakings that are financial and credit institutions (for which there is an OF deduction) | Total participations in related undertakings that are financial and credit institutions (for which there is an OF deduction) | Total participations in related undertakings that are financial and credit institutions (for which there is an OF deduction) |
| R0001/C0150 | Total participations in financial and credit institutions – Total | This is the total value of participations in financial and credit institutions. (for which there is an OF deduction) |
| R0001/C0160 | Total participations in financial and credit institutions – Common Equity Tier 1 | This is the total value of Common Equity Tier 1 held in financial and credit institutions. (for which there is an OF deduction) |
| R0001/C0170 | Total participations in financial and credit institutions – Additional Tier 1 | This is the total value of Additional Tier 1 held in financial and credit institutions. (for which there is an OF deduction) |
| R0001/C0180 | Total participations in financial and credit institutions– Tier 2 | This is the total value of Tier 2 held in financial and credit institutions. (for which there is an OF deduction) |
| Own funds deductions | ||
| R0010/C0190 | Article 68(1) deduction – total | This is the total value of the Article 68(1) deduction, specified in Delegated Regulation (EU) 2015/35. |
| R0010/C0200 | Article 68(1) deduction – tier 1 unrestricted | This is the value of the Article 68(1) deduction which is deducted from tier 1 unrestricted items in accordance with Article 68(5) of Delegated Regulation (EU) 2015/35. |
| R0010/C0210 | Article 68(1) deduction – tier 1 restricted | This is the value of the Article 68(1) deduction which is deducted from tier 1 restricted items in accordance with Article 68(5) of Delegated Regulation (EU) 2015/35. |
| R0010/C0220 | Article 68(1) deduction – Tier 2 | This is the value of the Article 68(1) deduction which is deducted from tier 2 items in accordance with Article 68(5) of Delegated Regulation (EU) 2015/35. |
| R0020/C0190 | Article 68(2) deduction – total | This is the total value of the Article 68(2) deduction of Delegated Regulation (EU) 2015/35. |
| R0020/C0200 | Article 68(2) deduction – tier 1 unrestricted | This is the value of the Article 68(2) deduction which is deducted from tier 1 unrestricted items in accordance with Article 68(5) of Delegated Regulation (EU) 2015/35. |
| R0020/C0210 | Article 68(2) deduction – tier 1 restricted | This is the value of the Article 68(2) deduction which is deducted from tier 1 restricted items in accordance with Article 68(5) of Delegated Regulation (EU) 2015/35. |
| R0020/C0220 | Article 68(2) deduction – tier 2 | This is the value of the Article 68(2) deduction which is deducted from tier 2 items in accordance with Article 68(5) of Delegated Regulation (EU) 2015/35. |
| R0030/C0190 | Total deductions | The overall total of all deductions of participations under Article 68(1) and Article 68(2) of Delegated Regulation (EU) 2015/35. |
| R0030/C0200 | Total deductions – tier 1 unrestricted | The overall total of all deductions of participations for tier 1 unrestricted under Article 68(1) and Article 68(2) of Delegated Regulation (EU) 2015/35. |
| R0030/C0210 | Total deductions – tier 1 restricted | The overall total of all deductions of participations for tier 1 restricted under Article 68(1) and Article 68(2) of Delegated Regulation (EU) 2015/35. |
| R0030/C0220 | Total deductions – tier 2 | The overall total of all deductions of participations for tier 2 under Article 68(1) and Article 68(2) of Delegated Regulation (EU) 2015/35. |
| Table 3 – Participations in related undertakings that are financial and credit institutions which are considered strategic as defined in Article 171 of the Delegated Regulation (EU) 2015/35 and which are included in the calculation of the group solvency on the basis of method 1 (no OF deduction according to Article 68(3)). | Table 3 – Participations in related undertakings that are financial and credit institutions which are considered strategic as defined in Article 171 of the Delegated Regulation (EU) 2015/35 and which are included in the calculation of the group solvency on the basis of method 1 (no OF deduction according to Article 68(3)). | Table 3 – Participations in related undertakings that are financial and credit institutions which are considered strategic as defined in Article 171 of the Delegated Regulation (EU) 2015/35 and which are included in the calculation of the group solvency on the basis of method 1 (no OF deduction according to Article 68(3)). |
| C0230 | Name of related undertaking | This is the name of the related undertaking in which the participation is held. These are participations in financial and credit institutions which are considered strategic as defined in Article 171 of the Delegated Regulation (EU) 2015/35) and which are included in the calculation of the group solvency on the basis of method 1. |
| C0240 | Asset ID Code | Asset ID code using the following priority: — ISO 6166 code of ISIN when available — Other recognised codes (e.g.: CUSIP, Bloomberg Ticker, Reuters RIC) — Code attributed by the undertaking, when the options above are not available. This code must be unique and kept consistent over time. When the same Asset ID Code needs to be reported for one asset that is issued in 2 or more different currencies, it is necessary to specify the Asset ID code and the ISO 4217 alphabetic code of the currency, as in the following example: ‘code + EUR’ |
| C0250 | Asset ID Code type | Type of ID Code used for the ‘Asset ID Code’ item. One of the options in the following closed list shall be used: 1 – ISO 6166 for ISIN code 2 – CUSIP (The Committee on Uniform Securities Identification Procedures number assigned by the CUSIP Service Bureau for U.S. and Canadian companies) 3 – SEDOL (Stock Exchange Daily Official List for the London Stock Exchange) 4 – WKN (Wertpapier Kenn–Nummer, the alphanumeric German identification number) 5 – Bloomberg Ticker (Bloomberg letters code that identify a company’s securities) 6 – BBGID (The Bloomberg Global ID) 7 – Reuters RIC (Reuters instrument code) 8 – FIGI (Financial Instrument Global Identifier) 9 – Other code by members of the Association of National Numbering Agencies 99 – Code attributed by the undertaking When the same Asset ID Code needs to be reported for one asset that is issued in 2 or more different currencies and the code in C0240 is defined by Asset ID code and the ISO 4217 alphabetic code of the currency, the Asset ID Code Type shall refer to option 99 and the option of the original Asset ID Code, as in the following example for which the code reported was ISIN code + currency: ‘99/1’. |
| C0260 | Total | This is the total value for all tiers held in each participation in financial and credit institutions which are considered strategic as defined in Article 171 of the Delegated Regulation (EU) 2015/35) and which are included in the calculation of the group solvency on the basis of method 1. |
| C0270 | Type 1 Equity | This is the value of type 1 equity held in each participation in financial and credit institutions which are considered strategic as defined in Article 171 of the Delegated Regulation (EU) 2015/35) and which are included in the calculation of the group solvency on the basis of method 1. Type 1 equity has the meaning as defined in Article 168(2) of the Delegated Regulation (EU) 2015/35). |
| C0280 | Type 2 Equity | This is the value of type 2 equity held in each participation. in financial and credit institutions which are considered strategic as defined in Article 171 of the Delegated Regulation (EU) 2015/35) and which are included in the calculation of the group solvency on the basis of method 1. Type 2 equity has the meaning as defined in Article 168(3) of the Delegated Regulation (EU) 2015/35). |
| C0290 | Subordinated liabilities | This is the value of subordinated liabilities held in each participations in financial and credit institutions which are considered strategic as defined in Article 171 of the Delegated Regulation (EU) 2015/35) and which are included in the calculation of the group solvency on the basis of method 1. |
| Table 4 – Participations in related undertakings that are financial and credit institutions which are strategic (as defined in Article 171 of the Delegated Regulation (EU) 2015/35), not included in the calculation of the group solvency on the basis of method 1 and which are not deducted according to art 68(1) and 68 (2) (It shall include the remaining part (the part of participation which was not deducted) following the partial deduction according to Article 68(2) of the Delegated Regulation (EU) 2015/35) | Table 4 – Participations in related undertakings that are financial and credit institutions which are strategic (as defined in Article 171 of the Delegated Regulation (EU) 2015/35), not included in the calculation of the group solvency on the basis of method 1 and which are not deducted according to art 68(1) and 68 (2) (It shall include the remaining part (the part of participation which was not deducted) following the partial deduction according to Article 68(2) of the Delegated Regulation (EU) 2015/35) | Table 4 – Participations in related undertakings that are financial and credit institutions which are strategic (as defined in Article 171 of the Delegated Regulation (EU) 2015/35), not included in the calculation of the group solvency on the basis of method 1 and which are not deducted according to art 68(1) and 68 (2) (It shall include the remaining part (the part of participation which was not deducted) following the partial deduction according to Article 68(2) of the Delegated Regulation (EU) 2015/35) |
| C0300 | Name of related undertaking | This is the name of the related undertaking that is financial or credit institution in which the participation is held. The participations in these related undertakings is strategic (as defined in Article 171 of the Delegated Regulation (EU) 2015/35)), not included in the calculation of the group solvency on the basis of method 1 and not deducted in accordance with Article 68(1) and Article 68(2). |
| C0310 | Asset ID Code | Asset ID code using the following priority: — ISO 6166 code of ISIN when available — Other recognised codes (e.g.: CUSIP, Bloomberg Ticker, Reuters RIC) — Code attributed by the undertaking, when the options above are not available. This code must be unique and kept consistent over time. When the same Asset ID Code needs to be reported for one asset that is issued in 2 or more different currencies, it is necessary to specify the Asset ID code and the ISO 4217 alphabetic code of the currency, as in the following example: ‘code + EUR’ |
| C0320 | Asset ID Code type | Type of ID Code used for the ‘Asset ID Code’ item. One of the options in the following closed list shall be used: 1 – ISO 6166 for ISIN code 2 – CUSIP (The Committee on Uniform Securities Identification Procedures number assigned by the CUSIP Service Bureau for U.S. and Canadian companies) 3 – SEDOL (Stock Exchange Daily Official List for the London Stock Exchange) 4 – WKN (Wertpapier Kenn–Nummer, the alphanumeric German identification number) 5 – Bloomberg Ticker (Bloomberg letters code that identify a company’s securities) 6 – BBGID (The Bloomberg Global ID) 7 – Reuters RIC (Reuters instrument code) 8 – FIGI (Financial Instrument Global Identifier) 9 – Other code by members of the Association of National Numbering Agencies 99 – Code attributed by the undertaking When the same Asset ID Code needs to be reported for one asset that is issued in 2 or more different currencies and the code in C0310 is defined by Asset ID code and the ISO 4217 alphabetic code of the currency, the Asset ID Code Type shall refer to option 99 and the option of the original Asset ID Code, as in the following example for which the code reported was ISIN code + currency: ‘99/1’. |
| C0330 | Total | This is the total value for all tiers of each participation in related undertakings that are financial and credit institutions which are strategic, not included in the calculation of the group solvency on the basis of method 1 and which are not deducted in accordance with Article 68(1) and Article 68(2) of Delegated Regulation (EU) 2015/35, meaning the sum of: 1) the value of strategic participations in financial and credit institutions which are not deducted in accordance with both Article 68(1) and 68(2) of Delegated Regulation (EU) 2015/35, because the sum of participations in financial and credit institutions is less than 10 %, 2) the remainder of the strategic participations which are deducted following the Article 68(2) of Delegated Regulation (EU) 2015/35. |
| C0340 | Type 1 Equity | This is the value of each participation in related undertakings that are financial and credit institutions which are strategic, not included in the calculation of the group solvency on the basis of method 1, not deducted in accordance with Article 68(1) and Article 68(2) of Delegated Regulation (EU) 2015/35and held in Type 1 equities, meaning the sum of: 1) the value of strategic participations in financial and credit institutions which are not deducted according to both Article 68(1) and 68(2) of Delegated Regulation (EU) 2015/35, because the sum of participations in financial and credit institutions is less than 10 %, 2) the remainder of the strategic participations which are deducted following the Article 68(2) of Delegated Regulation (EU) 2015/35. Type 1 equity has the meaning as defined in Article 168(2) of the Delegated Regulation (EU) 2015/35. |
| C0350 | Type 2 Equity | This is the value of each participation in related undertakings that are financial and credit institutions which are strategic, not included in the calculation of the group solvency on the basis of method 1, not deducted in accordance with Article 68(1) and Article 68(2) of Delegated Regulation (EU) 2015/35 and held in Type 2 equities, meaning the sum of: 1) the value of strategic participations in financial and credit institutions which are not deducted in accordance with both Article 68(1) and 68(2) of Delegated Regulation (EU) 2015/35, because the sum of participations in financial and credit institutions is less than 10 %, 2) the remainder of the strategic participations which are deducted following the Article 68(2) of Delegated Regulation (EU) 2015/35. Type 2 equity has the meaning as defined in Article 168(3) of the Delegated Regulation (EU) 2015/35. |
| C0360 | Subordinated liabilities | This is the value of each participation in related undertakings that are financial and credit institutions which are strategic, not included in the calculation of the group solvency on the basis of method 1, not deducted in accordance with Article 68(1) and Article 68(2) of Delegated Regulation (EU) 2015/35 and held in subordinated liabilities, meaning the sum of: 1) the value of strategic participations in financial and credit institutions which are not deducted in accordance with both Article 68(1) and 68(2) of Delegated Regulation (EU) 2015/35, because the sum of participations in financial and credit institutions is less than 10 %, 2) the remainder of the strategic participations which are deducted following the Article 68(2) of Delegated Regulation (EU) 2015/35. |
| Table 5 – Participations in related undertakings that are financial and credit institutions which are not strategic and which are not deducted according to art 68(1) and 68(2) of Delegated Regulation (EU) 2015/35 (It shall include the remaining part following the partial deduction according to Article 68(2) of the Delegated Regulation (EU) 2015/35) | Table 5 – Participations in related undertakings that are financial and credit institutions which are not strategic and which are not deducted according to art 68(1) and 68(2) of Delegated Regulation (EU) 2015/35 (It shall include the remaining part following the partial deduction according to Article 68(2) of the Delegated Regulation (EU) 2015/35) | Table 5 – Participations in related undertakings that are financial and credit institutions which are not strategic and which are not deducted according to art 68(1) and 68(2) of Delegated Regulation (EU) 2015/35 (It shall include the remaining part following the partial deduction according to Article 68(2) of the Delegated Regulation (EU) 2015/35) |
| C0370 | Name of related undertaking | This is the name of the related undertaking that are financial and credit institutions in which the participation is held. These are participations in related undertakings which are not strategic and not deducted in accordance with Article 68(1) and 68 (2) of Delegated Regulation (EU) 2015/35. |
| C0380 | Asset ID Code | Asset ID code using the following priority: — ISO 6166 code of ISIN when available — Other recognised codes (e.g.: CUSIP, Bloomberg Ticker, Reuters RIC) — Code attributed by the undertaking, when the options above are not available. This code must be unique and kept consistent over time. When the same Asset ID Code needs to be reported for one asset that is issued in 2 or more different currencies, it is necessary to specify the Asset ID code and the ISO 4217 alphabetic code of the currency, as in the following example: ‘code + EUR’ |
| C0390 | Asset ID Code type | Type of ID Code used for the ‘Asset ID Code’ item. One of the options in the following closed list shall be used: 1 – ISO 6166 for ISIN code 2 – CUSIP (The Committee on Uniform Securities Identification Procedures number assigned by the CUSIP Service Bureau for U.S. and Canadian companies) 3 – SEDOL (Stock Exchange Daily Official List for the London Stock Exchange) 4 – WKN (Wertpapier Kenn–Nummer, the alphanumeric German identification number) 5 – Bloomberg Ticker (Bloomberg letters code that identify a company’s securities) 6 – BBGID (The Bloomberg Global ID) 7 – Reuters RIC (Reuters instrument code) 8 – FIGI (Financial Instrument Global Identifier) 9 – Other code by members of the Association of National Numbering Agencies 99 – Code attributed by the undertaking When the same Asset ID Code needs to be reported for one asset that is issued in 2 or more different currencies and the code in C0380 is defined by Asset ID code and the ISO 4217 alphabetic code of the currency, the Asset ID Code Type shall refer to option 99 and the option of the original Asset ID Code, as in the following example for which the code reported was ISIN code + currency: ‘99/1’. |
| C0400 | Total | This is the total value for all tiers of each participation in related undertakings that are financial and credit institutions, which are not strategic and which are not deducted in accordance with Article 68(1) and 68 (2) of Delegated Regulation (EU) 2015/35 meaning the sum of: 1) the value of non–strategic participations in financial and credit institutions which are not deducted in accordance with o both Articles 68(1) and 68(2) of Delegated Regulation (EU) 2015/35, because the sum of participations in financial and credit institutions is less than 10 %, 2) the remainder of the non–strategic participations which are deducted following the Article 68(2) of Delegated Regulation (EU) 2015/35. |
| C0410 | Type 1 Equity | This is the value of each participation in related undertakings that are financial and credit institutions which are not strategic, not deducted in accordance with Article 68(1) and Article 68(2) of Delegated Regulation (EU) 2015/35 and held in Type 1 equities, meaning the sum of:. 1) the value of non–strategic participations in financial and credit institutions which are not deducted in accordance with both Articles 68(1) and 68(2) of Delegated Regulation (EU) 2015/35, because the sum of participations in financial and credit institutions is less than 10 %, 2) the remainder of the non–strategic participations which are deducted following the Article 68(2) of Delegated Regulation (EU) 2015/35. Type 1 equity has the meaning as defined in Article 168(2) of the Delegated Regulation (EU) 2015/35. |
| C0420 | Type 2 Equity | This is the value of each participation in related undertakings that are financial and credit institutions, which are not strategic, not deducted in accordance with Article 68(1) and Article 68(2) of Delegated Regulation (EU) 2015/35 and held in Type 2 equities, meaning the sum of:. 1) the value of non–strategic participations in financial and credit institutions which are not deducted in accordance with both Article 68(1) and 68(2) of Delegated Regulation (EU) 2015/35, because the sum of participations in financial and credit institutions is less than 10 %, 2) the remainder of the non–strategic participations which are deducted following the Article 68(2) of Delegated Regulation (EU) 2015/35. Type 2 equity has the meaning as defined in Article 168(3) of the Delegated Regulation (EU) 2015/35. |
| C0430 | Subordinated liabilities | This is the value of each participation in related undertakings that are financial and credit institutions, which are not strategic, not deducted in accordance with Article 68(1) and Article 68(2) of Delegated Regulation (EU) 2015/35 and held in subordinated liabilities, meaning the sum of: 1) the value of non–strategic participations in financial and credit institutions which are not deducted in accordance with both Article 68(1) and 68(2) of Delegated Regulation (EU) 2015/35, because the sum of participations in financial and credit institutions is less than 10 %, 2) the remainder of the non–strategic participations which are deducted following the Article 68(2) of Delegated Regulation (EU) 2015/35. |
| Table 6 – Other strategic participations not in financial and credit institution | Table 6 – Other strategic participations not in financial and credit institution | Table 6 – Other strategic participations not in financial and credit institution |
| C0440 | Name of related undertaking | This is the name of the related undertaking in which the participation is held. These are participations which are not in financial and credit institutions and which are considered strategic. |
| C0450 | Asset ID Code | Asset ID code using the following priority: — ISO 6166 code of ISIN when available — Other recognised codes (e.g.: CUSIP, Bloomberg Ticker, Reuters RIC) — Code attributed by the undertaking, when the options above are not available. This code must be unique and kept consistent over time. When the same Asset ID Code needs to be reported for one asset that is issued in 2 or more different currencies, it is necessary to specify the Asset ID code and the ISO 4217 alphabetic code of the currency, as in the following example: ‘code + EUR’ |
| C0460 | Asset ID Code type | Type of ID Code used for the ‘Asset ID Code’ item. One of the options in the following closed list shall be used: 1 – ISO 6166 for ISIN code 2 – CUSIP (The Committee on Uniform Securities Identification Procedures number assigned by the CUSIP Service Bureau for U.S. and Canadian companies) 3 – SEDOL (Stock Exchange Daily Official List for the London Stock Exchange) 4 – WKN (Wertpapier Kenn–Nummer, the alphanumeric German identification number) 5 – Bloomberg Ticker (Bloomberg letters code that identify a company’s securities) 6 – BBGID (The Bloomberg Global ID) 7 – Reuters RIC (Reuters instrument code) 8 – FIGI (Financial Instrument Global Identifier) 9 – Other code by members of the Association of National Numbering Agencies 99 – Code attributed by the undertaking When the same Asset ID Code needs to be reported for one asset that is issued in 2 or more different currencies and the code in C0450 is defined by Asset ID code and the ISO 4217 alphabetic code of the currency, the Asset ID Code Type shall refer to option 99 and the option of the original Asset ID Code, as in the following example for which the code reported was ISIN code + currency: ‘99/1’. |
| C0470 | Total | This is the total value held for all tiers in each participation that are not financial and credit institutions and that are considered strategic. |
| C0480 | Type 1 Equity | This is the value of type 1 equity held in each participation that are not financial and credit institutions and that are considered strategic. Type 1 equity has the meaning as defined in Article 168(2) of the Delegated Regulation (EU) 2015/35). |
| C0490 | Type 2 Equity | This is the value of type 2 equity held in each participation that are not financial and credit institutions and that are considered strategic. Type 2 equity has the meaning as defined in Article 168(3) of Delegated Regulation (EU) 2015/35. |
| C0500 | Subordinated liabilities | This is the value of subordinated liabilities held in each participation that are not financial and credit institutions and that are considered strategic. |
| Table 7 – Other non–strategic participations not in financial and credit institution | Table 7 – Other non–strategic participations not in financial and credit institution | Table 7 – Other non–strategic participations not in financial and credit institution |
| C0510 | Name of related undertaking | This is the name of the related undertaking in which the participation is held. These are participations which are not in financial and credit institutions and which are not considered strategic. |
| C0520 | Asset ID Code | Asset ID code using the following priority: — ISO 6166 code of ISIN when available — Other recognised codes (e.g.: CUSIP, Bloomberg Ticker, Reuters RIC) — Code attributed by the undertaking, when the options above are not available. This code must be unique and kept consistent over time. When the same Asset ID Code needs to be reported for one asset that is issued in 2 or more different currencies, it is necessary to specify the Asset ID code and the ISO 4217 alphabetic code of the currency, as in the following example: ‘code + EUR’ |
| C0530 | Asset ID Code type | Type of ID Code used for the ‘Asset ID Code’ item. One of the options in the following closed list shall be used: 1 – ISO 6166 for ISIN code 2 – CUSIP (The Committee on Uniform Securities Identification Procedures number assigned by the CUSIP Service Bureau for U.S. and Canadian companies) 3 – SEDOL (Stock Exchange Daily Official List for the London Stock Exchange) 4 – WKN (Wertpapier Kenn–Nummer, the alphanumeric German identification number) 5 – Bloomberg Ticker (Bloomberg letters code that identify a company’s securities) 6 – BBGID (The Bloomberg Global ID) 7 – Reuters RIC (Reuters instrument code) 8 – FIGI (Financial Instrument Global Identifier) 9 – Other code by members of the Association of National Numbering Agencies 99 – Code attributed by the undertaking When the same Asset ID Code needs to be reported for one asset that is issued in 2 or more different currencies and the code in C0520 is defined by Asset ID code and the ISO 4217 alphabetic code of the currency, the Asset ID Code Type shall refer to option 99 and the option of the original Asset ID Code, as in the following example for which the code reported was ISIN code + currency: ‘99/1’. |
| C0540 | Total | This is the total value held for all tiers in each participation that are not financial and credit institutions and that are not considered strategic. |
| C0550 | Type 1 Equity | This is the value of type 1 equity held in each participation that are not financial and credit institutions and that are not considered strategic. Type 1 equity has the meaning as defined in Article 168(2) of the Delegated Regulation (EU) 2015/35. |
| C0560 | Type 2 Equity | This is the value of type 2 equity held in each participation that are not financial and credit institutions and that are not considered strategic. Type 2 equity has the meaning as defined in Article 168(3) of Delegated Regulation (EU) 2015/35. |
| C0570 | Subordinated liabilities | This is the value of subordinated liabilities held in each participations that are not financial and credit institutions and that are not considered strategic. |
| Total for SCR calculation | ||
| R0040/C0580 | Total participations in related undertakings that are financial and credit institutions –Total | This is the total value of participations in undertakings which are financial and credit institutions. |
| R0040/C0590 | Total participations in related undertakings that are financial and credit institutions – Type 1 Equity | This is the total value of Type 1 Equity of participations in undertakings which are financial and credit institutions. Type 1 equity has the meaning as defined in Article 168(2) of the Delegated Regulation (EU) 2015/35. |
| R0040/C0600 | Total participations in related undertakings that are financial and credit institutions – Type 2 Equity | This is the total value of Type 2 Equity of participations in undertakings which are financial and credit institutions. Type 2 equity has the meaning as defined in Article 168(3) of Delegated Regulation (EU) 2015/35. |
| R0040/C0610 | Total participations in related undertakings that are financial and credit institutions – Subordinated liabilities | This is the total value of Subordinated liabilities of participations in undertakings which are financial and credit institutions. |
| R0050/C0580 | Total participations in related undertakings that are financial and credit institutions, of which strategic (method 1 or less than 10 % not method 1 –Total | This is the total value of strategic participations in undertakings (method 1 or less than 10 % not method 1) which are financial and credit institutions. |
| R0050/C0590 | Total participations in related undertakings that are financial and credit institutions, of which strategic (method 1 or less than 10 % not method 1) – Type 1 Equity | This is the total value of Type 1 Equity of strategic participations in undertakings (method 1 or less than 10 % not method 1) which are financial and credit institutions. Type 1 equity has the meaning as defined in Article 168(2) of the Delegated Regulation (EU) 2015/35. |
| R0050/C0600 | Total participations in related undertakings that are financial and credit institutions, of which strategic (method 1 or less than 10 % not method 1) – Type 2 Equity | This is the total value of Type 2 Equity of strategic participations in undertakings (method 1 or less than 10 % not method 1) which are financial and credit institutions. Type 2 equity has the meaning as defined in Article 168(3) of Delegated Regulation (EU) 2015/35. |
| R0050/C0610 | Total participations in related undertakings that are financial and credit institutions, of which strategic (method 1 or less than 10 % not method 1) – Subordinated liabilities | This is the total value of Subordinated liabilities of strategic participations in undertakings (method 1 or less than 10 % not method 1) which are financial and credit institutions. |
| R0060/C0580 | Total participations in related undertakings that are financial and credit institutions of which non–strategic (less than 10 %) –Total | This is the total value of not strategic participations in undertakings (less than 10 %) which are financial and credit institutions. |
| R0060/C0590 | Total participations in related undertakings that are financial and credit institutions of which non–strategic (less than 10 %) – Type 1 Equity | This is the total value of Type 1 Equity of not strategic participations in undertakings (less than 10 % – C0500) which are financial and credit institutions. Type 1 equity has the meaning as defined in Article 168(2) of the Delegated Regulation (EU) 2015/35. |
| R0060/C0600 | Total participations in related undertakings that are financial and credit institutions of which non–strategic (less than 10 %) – Type 2 Equity | This is the total value of Type 2 Equity of not strategic participations in undertakings (less than 10 %) which are financial and credit institutions. Type 2 equity has the meaning as defined in Article 168(3) of Delegated Regulation (EU) 2015/35. |
| R0060/C0610 | Total participations in related undertakings that are financial and credit institutions of which non–strategic (less than 10 %) – Subordinated liabilities | This is the total value of Subordinated liabilities of not strategic participations in undertakings (less than 10 %) which are financial and credit institutions. |
| R0070/C0580 | Total participations in related undertakings that are not financial and credit institutions –Total | This is the total value of participations in undertakings which are not financial and credit institutions. This is the sum of C0470 and C0540. |
| R0070/C0590 | Total participations in related undertakings that are not financial and credit institutions – Type 1 Equity | This is the total value of Type 1 Equities held in participations in undertakings which are not financial and credit institutions. Type 1 equity has the meaning as defined in Article 168(2) of Delegated Regulation (EU) 2015/35. This is the sum of C0480 and C550. |
| R0070/C0600 | Total participations in related undertakings that are not financial and credit institutions – Type 2 Equity | This is the total value of Type 2 Equities held in participations in undertakings which are not financial and credit institutions. Type 2 equity has the meaning as defined in Article 168(3) of Delegated Regulation (EU) 2015/35. This is the sum of C0490 and C0560) |
| R0070/C0610 | Total participations in related undertakings that are not financial and credit institutions – Subordinated liabilities | This is the total value of subordinated liabilities held in participations in undertakings which are not financial and credit institutions. This is the sum of C0500 and C0570. |
| R0080/C0580 | Total participations in related undertakings that are not financial and credit institutions – Total– of which strategic | This is the total value of strategic participations in undertakings which are not financial and credit institutions. This is the sum of C0470. |
| R0080/C0590 | Total participations in related undertakings that are not financial and credit institutions – Type 1 Equity – of which strategic | This is the total value of Type 1 Equities held in strategic participations in undertakings which are not financial and credit institutions. Type 1 equity has the meaning as defined in Article 168(2) of Delegated Regulation (EU) 2015/35. This is the sum of C0480. |
| R0080/C0600 | Total participations in related undertakings that are not financial and credit institutions – Type 2 Equity – of which strategic | This is the total value of Type 2 Equities held in strategic participations in undertakings which are not financial and credit institutions. This is the sum of C0490). |
| R0080/C0610 | Total participations in related undertakings that are not financial and credit institutions – Subordinated liabilities – of which strategic | This is the total value of subordinated liabilities held in strategic participations in undertakings which are not financial and credit institutions. This is the sum of C0500. |
| R0090/C0580 | Total participations in related undertakings that are not financial and credit institutions – total – of which non–strategic | This is the total value of non–strategic participations in undertakings which are not financial and credit institutions. This is the sum of C0540. |
| R0090/C0590 | Total participations in related undertakings that are not financial and credit institutions – Type 1 Equity – of which non–strategic | This is the total value of Type 1 Equities held in non–strategic participations in undertakings which are not financial and credit institutions. Type 1 equity has the meaning as defined in Article 168(2) of Delegated Regulation (EU) 2015/35. This is the sum of C0550. |
| R0090/C0600 | Total participations in related undertakings that are not financial and credit institutions – Type 2 Equity – of which non–strategic | This is the total value of Type 2 Equities held in non–strategic participations in undertakings which are not financial and credit institutions. This is the sum of C0560. |
| R0090/C0610 | Total participations in related undertakings that are not financial and credit institutions – Subordinated liabilities – of which non–strategic | This is the total value of subordinated liabilities held in non–strategic participations in undertakings which are not financial and credit institutions. This is the sum of C0570. |
| Total | ||
| C0620 | Total of all participations | This is the total value of all participations. |
S.25.01 – Solvency Capital Requirement – for undertakings on Standard Formula
General comments:
This section relates to annual submission of information for individual entities, ring-fenced funds, matching adjustment portfolios and remaining part.
Template SR.25.01 has to be filled in for each ring–fenced fund (RFF), each matching adjustment portfolio (MAP) and for the remaining part. However, where a RFF/MAP includes a MAP/RFF embedded, the fund should be treated as different funds. This template shall be reported for all sub–funds of a material RFF/MAP as identified in the second table of template S.01.03.
Where the entity has MAP or RFF (except those under the scope of Article 304 of Directive 2009/138/EC) when reporting at the level of the whole undertaking, the notional Solvency Capital Requirement (‘nSCR’) at risk module level and the loss–absorbing capacity (LAC) of technical provisions and deferred taxes to be reported shall be calculated as follows:
- — Where the undertaking applies the full adjustment due to the aggregation of the nSCR of the RFF/MAP at entity level the nSCR is calculated as if no loss of diversification exists and the LAC shall be calculated as the sum of the LAC across all RFF/MAP and remaining part;
- — Where the undertaking applies the Simplification at risk sub–module level to aggregate the nSCR of the RFF/MAP at entity level the nSCR is calculated considering a direct summation at sub–module level method and the LAC shall be calculated as the sum of the LAC across all RFF/MAP and remaining part,
- — Where the undertaking applies the simplification at risk module level to aggregate the nSCR of the RFF/MAP at entity level the nSCR is calculated considering a direct summation at module level method and the LAC shall be calculated as the sum of the LAC across all RFF/MAP and remaining part.
The adjustment due to the aggregation of the nSCR of the RFF/MAP at entity level shall be allocated (C0050) to the relevant risk modules (i.e. market risk, counterparty default risk, life underwriting risk, health underwriting risk and non–life underwriting risk). The amount to be allocated to each relevant risk module shall be calculated as follows:
- — Image omitted; see official source, where
| — | adjustment | = | Adjustment calculated according to one of the three methods referred above |
| — | BSCR′ | = | Basic solvency capital requirement calculated according to the information reported in this template (C0040/R0100) |
| — | nSCR int | = | nSCR for intangible assets risk according to the information reported in this template (C0040/R0070) |
- — Multiplication of this ‘q factor’ by the nSCR of each relevant risk module (i.e. market risk, counterparty default risk, life underwriting risk, health underwriting risk and non–life underwriting risk)
| ITEM | INSTRUCTIONS | |
| Z0010 | Article 112 | Identifies whether the reported figures have been requested under Article 112(7) of Directive 2009/138/EC, to provide an estimate of the SCR using standard formula. One of the options in the following closed list shall be used: 1 – Article 112(7) reporting 2 – Regular reporting |
| Z0020 | Ring–fenced fund, matching adjustment portfolio or remaining part | Identifies whether the reported figures are with regard to a RFF, matching adjustment portfolio or to the remaining part. One of the options in the following closed list shall be used: 1 – RFF/MAP 2 – Remaining part |
| Z0030 | Fund/Portfolio number | When item Z0020 = 1, identification number for a ring-fenced fund or matching adjustment portfolio. This number is attributed by the undertaking and must be consistent over time and with the fund/portfolio number reported in other templates. |
| R0010–R0050/C0030 | Net solvency capital requirement | Amount of the net capital charge for each risk module, as calculated using the standard formula. The difference between the net and the gross SCR is the consideration of the future discretionary benefits in accordance with Article 205 of Delegated Regulation (EU) 2015/35. This amount shall fully consider diversification effects in accordance with Article 304 of Directive 2009/138/EC where applicable. These cells do not include the allocation of the adjustment due to the aggregation of the nSCR of the RFF/MAP at entity level. These figures represent the SCR as if there was no loss of diversification. |
| R0010–R0050/C0040 | Gross solvency capital requirement | Amount of the gross capital charge for each risk module, as calculated using the standard formula. The difference between the net and the gross SCR is the consideration of the future discretionary benefits as laid down in Article 206 of Delegated Regulation (EU) 2015/35. This amount shall fully consider diversification effects as laid down in Article 304 of Directive 2009/138/EC where applicable. These cells do not include the allocation of the adjustment due to the aggregation of the nSCR of the RFF/MAP at entity level. These figures represent the SCR as if there was no loss of diversification. |
| R0010–R0050/C0050 | Allocation of RFF adjustment due to RFF and Matching adjustments portfolios | Part of the adjustment allocated to each risk module according to the procedure described in the general comments. This amount shall be positive. |
| R0060/C0030 | Net solvency capital requirement – Diversification | Amount of the diversification effects between Basic SCR of net risk modules, including diversification within each risk module, due to the application of the correlation matrix defined in Annex IV of Directive 2009/138/EC. This amount shall be reported as a negative value. |
| R0060/C0040 | Gross solvency capital requirement – Diversification | Amount of the diversification effects between Basic SCR of gross risk modules, including diversification within each risk module, due to the application of the correlation matrix defined in Annex IV of Directive 2009/138/EC. This amount shall be reported as a negative value. |
| R0070/C0030 | Net solvency capital requirement – Intangible asset risk | Amount of the capital charge, after the adjustment for the loss–absorbing capacity of technical provisions, for intangible assets risk, as calculated using the standard formula. |
| R0070/C0040 | Gross solvency capital requirement – Intangible assets risk | The future discretionary benefits in accordance with Article 205 of the Delegated Regulation (EU) 2015/35 for intangible assets risk is zero under standard formula, hence R0070/C0040 equals R0070/C0030. |
| R0100/C0030 | Net solvency capital requirement – Basic Solvency Capital Requirement | Amount of the basic capital requirements, after the consideration of future discretionary benefits as laid down in Article 206 of Delegated Regulation (EU) 2015/35, as calculated using the standard formula. This amount shall fully consider the diversification effects referred to in Article 304 of Directive 2009/138/EC where applicable. This cell does not include the allocation of the adjustment due to the aggregation of the nSCR of the RFF/MAP at entity level. These figures represent the SCR as if there was no loss of diversification. This amount shall be calculated as a sum of the net capital charges for each risk module within the standard formula, including adjustment for diversification effect within standard formula. |
| R0100/C0040 | Gross solvency capital requirement – Basic Solvency Capital Requirement | Amount of the basic capital requirements, before the consideration of future discretionary benefits referred to in Article 205 of Delegated Regulation (EU) 2015/35, as calculated using the standard formula. This amount shall fully consider diversification effects as laid down in Article 304 of Directive 2009/138/EC where applicable. This cell does not include the allocation of the adjustment due to the aggregation of the nSCR of the RFF/MAP at entity level. These figures represent the SCR as if there was no loss of diversification. This amount shall be calculated as a sum of the gross capital charges for each risk module within the standard formula, including adjustment for diversification effect within standard formula |
| Calculation of Solvency Capital Requirement | Calculation of Solvency Capital Requirement | Calculation of Solvency Capital Requirement |
| R0120/C0100 | Adjustment due to RFF/MAP nSCR aggregation | Adjustment to correct the bias on SCR calculation due to aggregation of RFF/MAP nSCR at risk module level. This amount shall be positive. |
| R0130/C0100 | Operational risk | Amount of the capital requirements for operational risk module as calculated using the standard formula. |
| R0140/C0100 | Loss–absorbing capacity of technical provisions | Amount of the adjustment for loss–absorbing capacity of technical provisions calculated in accordance with the standard formula. This amount shall be reported as a negative value. At RFF/MAP level and at entity level where there are no RFF (other than those under Article 304 of Directive 2009/138/EC) nor MAP it is the maximum between zero and the amount corresponding to the minimum between the amount of technical provisions without risk margin in relation to future discretionary benefits net of reinsurance and the difference between gross and net basic solvency capital requirement. Where there are RFF (other than those under Article 304 of Directive 2009/138/EC) or MAP, this amount shall be calculated as the sum of the loss–absorbing capacity of technical provisions of each RFF/MAP and remaining part, taking into account the net future discretionary benefits as a top limit. |
| R0150/C0100 | Loss–absorbing capacity of deferred taxes | Amount of the adjustment for loss–absorbing capacity of deferred taxes calculated according to the standard formula. This amount shall be negative. |
| R0160/C0100 | Capital requirement for business operated in accordance with Art. 4 of Directive 2003/41/EC | Amount of the capital requirement, calculated in accordance with the rules stated in Article 17 of Directive 2003/41/EC, for ring–fenced funds relating to pension business operated under article 4 of Directive 2003/41/EC to which transitional measures are applied. This item is to be reported only during the transitional period. |
| R0200/C0100 | Solvency capital requirement excluding capital add–on | Amount of the total diversified SCR before any capital add–on. |
| R0210/C0100 | Capital add–ons already set | Amount of capital add–on set by the NSA by the reporting reference date. It does not include capital add–ons set between that date and the submission of the data to the supervisory authority. |
| R0211/C0100 | of which, capital add–ons already set – Article 37(1) Type a | Amount of capital add–on set by the NSA in accordance with Article 37(1) paragraph (a), by the reporting reference date. It does not include capital add–ons set between that date and the submission of the data to the supervisory authority. |
| R0212/C0100 | of which, capital add–ons already set – Article 37(1) Type b | Amount of capital add–on set by the NSA in accordance with Article 37(1) paragraph (b), by the reporting reference date. It does not include capital add–ons set between that date and the submission of the data to the supervisory authority. |
| R0213/C0100 | of which, capital add–ons already set – Article 37(1) Type c | Amount of capital add–on set by the NSA in accordance with Article 37(1) paragraph (c), by the reporting reference date. It does not include capital add–ons set between that date and the submission of the data to the supervisory authority. |
| R0214/C0100 | of which, capital add–ons already set – Article 37(1) Type d | Amount of capital add–on that set by the NSA in accordance with Article 37(1) paragraph (d), by the reporting reference date. It does not include capital add–ons set between that date and the submission of the data to the supervisory authority. |
| R0220/C0100 | Solvency capital requirement | Amount of the Solvency Capital Requirement. |
| Other information on SCR | ||
| R0400/C0100 | Capital requirement for duration–based equity risk sub–module | Amount of the capital requirement for duration–based equity risk sub–module. |
| R0410/C0100 | Total amount of notional Solvency Capital Requirements for remaining part | Amount of the notional SCRs of remaining part when undertaking has RFF. |
| R0420/C0100 | Total amount of notional Solvency Capital Requirements for ring–fenced funds | Amount of the sum of notional SCRs of all ring–fenced funds when undertaking has RFF (other than those related to business operated in accordance with Article 4 of Directive 2003/41/EC (transitional)). |
| R0430/C0100 | Total amount of Notional Solvency Capital Requirements for matching adjustment portfolios | Amount of the sum of notional SCRs of all matching adjustment portfolios. |
| R0440/C0100 | Diversification effects due to RFF nSCR aggregation for Article 304 | Amount of the adjustment for a diversification effect between ring–fenced funds under Article 304 of Directive 2009/138/EC and the remaining part where applicable. |
| R0450/C0100 | Method used to calculate the adjustment due to RFF/MAP nSCR aggregation | Method used to calculate the adjustment due to RFF nSCR aggregation. One of the options in the following closed list shall be used: 1 – Full recalculation 2 – Simplification at risk sub–module level 3 – Simplification at risk module level 4 – No adjustment When the undertaking has no RFF (or have only RFF under Article 304 of Directive 2009/138/EC) it shall select option 4. |
| R0460/C0100 | Net future discretionary benefits | Amount of technical provisions without risk margin in relation to future discretionary benefits net of reinsurance. |
| Approach to tax rate | ||
| R0590/C0109 | Approach based on average tax rate | One of the options in the following closed list shall be used: 1 – Yes 2 – No 3 – Not applicable as the adjustment for the loss-absorbing capacity of deferred taxes (LAC DT) is not used (in this case R0600 to R0690 are not applicable) See EIOPA Guidelines on loss-absorbing capacity of technical provisions and deferred taxes (EIOPA-BoS-14/177) |
| Calculation of the adjustment for loss-absorbing capacity of deferred taxes | Calculation of the adjustment for loss-absorbing capacity of deferred taxes | Calculation of the adjustment for loss-absorbing capacity of deferred taxes |
| R0600/C0110 | DTA Before the shock | Total amount of the deferred tax assets (DTA) in the balance-sheet using Solvency II valuation before the instantaneous loss described in Article 207(1) and (2) of Delegated Regulation (EU) 2015/35. The DTA amount of this cell shall be consistent with the value in the cell R0040/C0010 in S.02.01 |
| R0600/C0120 | DTA After the shock | Total amount of the deferred tax assets (DTA) if a balance-sheet using Solvency II valuation was set up after the instantaneous loss, as provided for in Article 207(1) and (2) of Delegated Regulation (EU) 2015/35. This cell shall be left blank where R0590/C0109 is filled with ‘1-Yes’. |
| R0610/C0110 | DTA carry forward – Before the shock | Amount of deferred tax assets (DTA) in the balance-sheet using Solvency II valuation due to carry forward of previous losses or tax deductions before the instantaneous loss described in Article 207(1) and (2) of Delegated Regulation (EU) 2015/35. |
| R0610/C0120 | DTA carry forward – After the shock | Amount of deferred tax assets (DTA) due to carry forward of previous losses or tax deductions if a balance-sheet using Solvency II valuation was set up after the instantaneous loss, as provided for in Article 207(1) and (2) of Delegated Regulation (EU) 2015/35. This cell shall be left blank where R0590/C0109 is filled with ‘1-Yes’. |
| R0620/C0110 | DTA due to deductible temporary differences – Before the shock | Amount of deferred tax assets (DTA) in the balance-sheet using Solvency II valuation due to differences between the Solvency II valuation of an asset or liability and its tax base before the instantaneous loss described in Article 207(1) and (2) of Delegated Regulation (EU) 2015/35 |
| R0620/C0120 | DTA due to deductible temporary differences – After the shock | Amount of deferred tax assets (DTA) due to differences between the Solvency II valuation of an asset or liability and its tax base if a balance-sheet using Solvency II valuation was set up after the instantaneous loss, as provided for in Article 207(1) and (2) of Delegated Regulation (EU) 2015/35. This cell shall be left blank if R0590/C0109 is filled with ‘1-Yes’. |
| R0630/C0110 | DTL – Before the shock | Amount of Deferred Tax Liabilities (DTL) in the balance-sheet using Solvency II valuation before the instantaneous loss described in Article 207(1) and (2) of Delegated Regulation (EU) 2015/35. The DTL amount of this cell shall be consistent with the value in the cell R0780/C0010 in S.02.01. |
| R0630/C0120 | DTL – After the shock | Amount of Deferred Tax Liabilities (DTL) if a balance-sheet using Solvency II valuation was set up after the instantaneous loss, as provided for in Article 207(1) and (2) of Delegated Regulation (EU) 2015/35. This cell shall be left blank in case of an average tax rate approach and where R0590/C0109 is filled with ‘1-Yes’. |
| R0640/C0130 | LAC DT | Amount of loss-absorbing capacity of deferred taxes, calculated in accordance with Article 207 of Delegated Regulation (EU) 2015/35. The LAC amount of this cell shall be the same as the value in the cell R0150/C0100 in S.25.01.01. |
| R0650/C0130 | LAC DT justified by reversion of deferred tax liabilities | Amount of loss-absorbing capacity of deferred taxes, calculated in accordance with Article 207 of Delegated Regulation (EU) 2015/35, justified by reversion of deferred tax liabilities |
| R0660/C0130 | LAC DT justified by reference to probable future taxable economic profit | Amount of loss-absorbing capacity of deferred taxes, calculated in accordance with Article 207 of Delegated Regulation (EU) 2015/35, justified by reference to probable future taxable economic profit |
| R0670/C0130 | LAC DT justified by carry back, current year | Amount of loss-absorbing capacity of deferred taxes, calculated in accordance with Article 207 of Delegated Regulation (EU) 2015/35, justified by profits from past years. Amount of the losses allocated to the next year. |
| R0680/C0130 | LAC DT justified by carry back, future years | Amount of loss-absorbing capacity of deferred taxes, calculated in accordance with Article 207 of Delegated Regulation (EU) 2015/35, justified by profits from past years. Amount of losses allocated to the years after next year. |
| R0690/C0130 | Maximum LAC DT | Maximal amount of loss-absorbing capacity of deferred taxes, that could be available, before the assessment whether the increase in net deferred tax assets can be used for the purposes of the adjustment, as provided for in Article 207(2) of Delegated Regulation (EU) 2015/35. |
S.25.05 – Solvency Capital Requirement – for undertakings using an internal model (partial or full)
General comments:
This section relates to annual submission of information for individual entities, ring-fenced funds, matching adjustment portfolios and remaining part when an internal model is used for the calculation of the Solvency Capital Requirement.
This template shall be reported based on availability of data according to the internal model architecture and risk profile when possible with reasonable effort. The data to be reported shall be agreed between national supervisory authorities and insurance and reinsurance undertakings.
The purpose of this template is to collect data on an aggregate level and show diversification benefits between separate risk modules. All values should be reported before any tax effects unless otherwise stated.
Partial internal models:
All rows for C0010 refer to the amount of the capital charge for each component regardless of the method of calculation (either standard formula or partial internal model), after the adjustments for loss-absorbing capacity of technical provision and/or deferred taxes when they are embedded in the component calculation.
For the components Loss absorbing capacity of technical provisions and/or deferred taxes when reported as a separate component it should be the amount of the loss-absorbing capacity (these amounts should be reported as negative values).
For components calculated using the standard formula this cell represents the gross nSCR. For components calculated using the partial internal model, this represents the value considering the future management actions with are embedded in the calculation, but not whose which are modelled as a separate component.
These amounts shall fully consider diversification effects according to Article 304 of Directive 2009/138/EC where applicable.
When applicable, these cells do not include the allocation of the adjustment due to the aggregation of the nSCR of the RFF/MAP at entity level.
Template SR.25.05 shall be reported by ring-fenced fund, matching adjustment portfolio and the remaining part for every undertaking under an internal model. For partial internal models, this includes undertakings where a partial internal model is applied to a full ring-fenced fund and/or matching adjustment portfolio while the other ring-fenced funds and/or matching adjustment portfolios are under the standard formula. This template should be reported for all sub-funds of a material RFF/MAP as identified in the second table of S.01.03.
For those undertakings under a partial internal model to which the adjustment due to the aggregation of the nSCR of RFF/MAP is applicable, where the entity has MAP or RFF (except those under the scope of Article 304 of Directive 2009/138/EC) when reporting at the level of the whole undertaking, the nSCR at risk module level and the loss-absorbing capacity (LAC) of technical provisions and deferred taxes to be reported shall be calculated as follows:
- — Where the undertaking applies the full adjustment due to the aggregation of the nSCR of the RFF/MAP at entity level: the nSCR is calculated as if no RFF and the LAC shall be calculated as the sum of the LAC across all RFF/MAP and remaining part,
- — Where the undertaking applies the Simplification at risk sub-module level to aggregate the nSCR of the RFF/MAP at entity level the nSCR and LAC are calculated considering a direct summation at sub-module level method,
- — Where the undertaking applies the Simplification at risk module level to aggregate the nSCR of the RFF/MAP at entity level the nSCR and LAC are calculated considering a direct summation at module level method.
The adjustment due to the aggregation of the nSCR of the RFF/MAP at entity level shall be allocated (C0050) to the relevant risk modules (i.e. market risk, counterparty default risk, life underwriting risk, health underwriting risk and non-life underwriting risk) when calculated according to the standard formula. The amount to be allocated to each relevant risk module shall be calculated as follows:
- — Image omitted; see official source, where
| — | adjustment | = | Adjustment calculated according to one of the three methods referred above |
| — | BSCR′ | = | Basic solvency capital requirement calculated according to the information reported in this template |
| — | nSCR int | = | nSCR for intangible assets risk according to the information reported in this template |
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