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.
S.31.01 – Share of reinsurers (including Finite Reinsurance and SPV’s)
General comments:
This section relates to the annual submission of information for groups.
This template shall be filled by the insurance and reinsurance groups where a recoverable is recognised by related insurance undertakings in relation to the EEA or Non–EEA–reinsurer which is not in the scope of the group (even if all contracts with that reinsurer have terminated).
The template collects information on reinsurers and not on separate treaties. All ceded technical provisions, including those ceded under Finite reinsurance (as defined in S.30.03 Column C0060 of Annex II), shall be completed. This also means that if an SPV or a syndicate of Lloyd’s acts as a reinsurer the SPV or the syndicate must be listed.
| ITEM | INSTRUCTIONS | |
| C0010 | Legal name of reinsured undertaking | Name of reinsured entity, identifying the cedent (re)insurance undertaking. This item is only applicable to groups. |
| C0020 | Identification code of the undertaking | Identification code of the undertaking, using the following priority: — Legal Entity Identifier (LEI) mandatory if existing; — Specific code in case of absence of LEI code. When the undertaking uses the option ‘Specific code’ the following shall be considered: — For non–EEA undertakings and non–regulated undertakings within the scope of group supervision, identification code provided will be provided by the group. When allocating an identification code to each non–EEA or non–regulated undertaking, it should comply with the following format in a consistent manner: identification code of the parent undertaking + ISO 3166–1 alpha–2 code of the country of the undertaking + 5 digits |
| C0030 | Type of code of the ID of the undertaking | Type of ID Code used for the ‘Identification code of the undertaking’ item. One of the options in the following closed list shall be used: 1 – LEI 2 – Specific code |
| C0040 | Code reinsurer | Identification code of the reinsurer by this order of priority: — Legal Entity Identifier (LEI); — Specific code attributed by the undertaking |
| C0050 | Type of code Reinsurer | Identification of the code used in item ‘Code reinsurer’. The following closed list shall be used: 1 – LEI 2 – Specific code |
| C0060 | Reinsurance recoverables – Premium provision Non–life including Non–SLT Health | The amount of share of the reinsurer in the recoverables from reinsurance (including Finite Re and SPV) before the adjustment for expected losses due to the counterparty default, in the best estimate of the premium provisions calculated as the expected present value of future incoming and outgoing cash flows. |
| C0070 | Reinsurance recoverables – Claims provisions Non–life including Non–SLT Health | The amount of share of the reinsurer in the recoverables from reinsurance (including Finite Re and SPV) before the adjustment for expected losses due to the counterparty default, in the best estimate of the claims provisions. |
| C0080 | Reinsurance recoverables – Technical provisions Life including SLT Health | The amount of share of the reinsurer in the recoverables from reinsurance (including Finite Re and SPV) before the adjustment for expected losses due to the counterparty default, in the best estimate of the technical provisions. |
| C0090 | Adjustment for expected losses due to counterparty default | Per reinsurer the adjustment for expected losses due to counterparty default. The adjustment shall be calculated separately and must be in line with Delegated Regulation (EU) 2015/35. This value shall be reported as negative value. |
| C0100 | Reinsurance recoverables: Total reinsurance recoverables | The result of ceded technical provisions (i.e. claims + premiums provisions), including the adjustment for expected losses due to counterparty default. |
| C0110 | Net receivables | The amounts past due resulting from: claims paid by the insurer but not yet reimbursed by the reinsurer plus commissions to be paid by the reinsurer and other receivables minus debts to the reinsurer. Cash deposits are excluded and are to be considered as guarantees received. |
| C0120 | Assets pledged by reinsurer | Amount of assets pledged by the reinsurer to mitigate the counterparty default risk of the reinsurer. |
| C0130 | Financial guarantees | Amount of guarantees received by the undertaking from the reinsurer to guarantee the payment of the liabilities due by the undertaking (includes letter of credit, undrawn committed borrowing facilities). |
| C0140 | Cash deposits | Amount of cash deposits received by the undertaking from the reinsurers. |
| C0150 | Total guarantees received | Total amount of types of guarantees. Corresponds to the sum of the amounts reported in C0120, C0130 and C0140. |
| C0155 | Currency | Where applicable, identify the ISO 4217 alphabetic code of the currency of the reinsurance recoverables. The breakdown by currency is only be required to cover 90 % of reinsurance recoverables. For the remaining 10 % it is possible to group it under "other currencies". |
| Information on reinsurers | ||
| C0160 | Code reinsurer | Identification code of the reinsurer by this order of priority: — Legal Entity Identifier (LEI); — Specific code attributed by the undertaking |
| C0170 | Type of code Reinsurer | Identification of the code used in item ‘Code reinsurer’. The following closed list shall be used: 1 – LEI 2 – Specific code |
| C0180 | Legal name reinsurer | Legal name of the reinsurer to whom the underwriting risk has been transferred. The official name of the risk–carrier reinsurer is stated in the reinsurance contract. It is not permitted to fill in the name of a reinsurance broker. Nor is it permitted to state a general or incomplete name as international reinsurers have several operating companies that may be based in different countries. In case of pooling arrangements, the name of the Pool (or Pool manager) can be filled only if the Pool is a legal entity. |
| C0190 | Type of reinsurer | Type of reinsurer to whom the underwriting risk has been transferred. The following closed list shall be used: 1 – Direct Life insurer 2 – Direct Non–life insurer 3 – Direct Composite insurer 4 – Captive insurance undertaking 5 – Internal reinsurer (reinsurance undertaking which primary focus is to take risk from other insurance undertakings within the scope of group supervision) 6 – External reinsurer (reinsurance undertaking that takes risks from undertakings other than from insurance undertakings within the scope of group supervision) 7 – Captive reinsurance undertaking 8 – Special purpose vehicle 9 – Pool entity (where more than one insurance or reinsurance undertakings are involved) 10 – State pool |
| C0200 | Country of residency | Identify the ISO 3166–1 alpha–2 code for the country where the reinsurer is legally authorised/licensed. |
| C0210 | External rating assessment by nominated ECAI | The actual/current rating that is considered by the group. If the rating is not available the item shall be left blank and the reinsurer shall be identified as ‘9 – no rating available’ in column C0230 (Credit quality step). This item is not applicable to reinsurers for which undertakings using internal model use internal ratings. If undertakings using internal model do not use internal rating, this item shall be reported. In case ‘Multiple ECAI’ is reported in C0220 report the most representative external rating. |
| C0220 | Nominated ECAI | Identify the credit assessment institution (ECAI) giving the external rating in C0210, by using the name of the ECAI as published on ESMA’s website. In case of ratings issued by subsidiaries of the ECAI please report the parent ECAI (the reference is to ESMA list of credit rating agencies registered or certified in accordance with Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies). — |
| C0230 | Credit quality step | Identify the credit quality step attributed to the reinsurer. The credit quality step shall reflect any readjustments to the credit quality made internally by the group that use the standard formula. One of the options in the following closed list shall be used: 0 – Credit quality step 0 1 – Credit quality step 1 2 – Credit quality step 2 3 – Credit quality step 3 4 – Credit quality step 4 5 – Credit quality step 5 6 – Credit quality step 6 9 – No rating available |
| C0240 | Internal rating | Internal rating of the reinsurer for groups using internal model to the extent that the internal ratings are used in their internal modelling. If an internal model undertaking is using solely external ratings this item shall not be reported. |
S.31.02 – Special Purpose Vehicles
General comments:
This section relates to the annual submission of information for groups.
This template is relevant for each group transferring risk(s) to a Special Purpose Vehicle (SPV), to ensure sufficient disclosure has been made where SPVs are used as alternative risk transfer methods to traditional reinsurance treaties.
The template applies to the use of:
- a) SPVs defined under Article 13(26) and authorised under Article 211(1) of Directive 2009/138/EC;
- b) SPVs meeting conditions of Article 211(3) of Directive 2009/138/EC;
- c) SPVs regulated by third country supervisors where these meet equivalent measures to the conditions set out in Article 211(2) of Directive 2009/138/EC;
- d) Other SPVs, not meeting the definitions above, where risks are transferred under arrangements with the economic substance of a reinsurance contract.
The template covers risk mitigation techniques (recognised or not) carried out by the (re)insurance undertaking within the scope of group supervision whereby a SPV assumes risks from the undertaking within the scope of group supervision through a reinsurance contract; or assume insurance risks from the undertaking within the scope of group supervision transferred through a similar arrangement that is ‘reinsurance like’.
This template shall include data of special purpose vehicles to which the participating insurance or reinsurance undertaking or one of its insurance or reinsurance subsidiaries has transferred risk.
| ITEM | INSTRUCTIONS | |
| C0010 | Name of reinsured undertaking | Identify the legal name of the reinsured undertaking, identifying the cedent (re)insurance undertaking within the scope of group supervision. |
| C0020 | Identification code of the undertaking | Identification code by this order of priority: — Legal Entity Identifier (LEI) mandatory if existing; — Specific code in case of absence of LEI code. Specific code: — For EEA regulated undertakings other than insurance and reinsurance undertakings within the scope of group supervision: identification code used in the local market, attributed by the undertaking’s competent supervisory authority; — For non–EEA undertakings and non–regulated undertakings within the scope of group supervision, identification code will be provided by the group. When allocating an identification code to each non–EEA or non–regulated undertaking, the group should comply with the following format in a consistent manner: identification code of the parent undertaking + ISO 3166–1 alpha–2 code of the country of the undertaking + 5 digits |
| C0030 | Internal code of SPV | Internal code attributed to the SPV by the undertaking by this order of priority: — Legal Entity Identifier (LEI); — Specific code This code shall be unique to each SPV and remain constant over subsequent reports. |
| C0040 | ID Code of SPV notes or other financing mechanism issued | For the notes or other financing mechanism issued by the SPV and hold by the insurance and reinsurance undertaking within the scope of group supervision identify the ID code by this order of priority if existent: — ISO 6166 ISIN when available; — Other ‘recognised’ codes (e.g.: CUSIP, Bloomberg Ticker, Reuters RIC); — Code attributed by the undertaking within the scope of group supervision, when the options above are not available, and must be consistent over time. |
| C0050 | ID Code Type of SPV notes or other financing mechanism issued | 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 within the scope of group supervision |
| C0060 | Lines of Business SPV securitisation relates | Identification of the line of business as defined in Annex I to Delegated Regulation (EU) 2015/35 reported. The following closed list shall be used: 1 – Medical expense insurance 2 – Income protection insurance 3 – Workers’ compensation insurance 4 – Motor vehicle liability insurance 5 – Other motor insurance 6 – Marine, aviation and transport insurance 7 – Fire and other damage to property insurance 8 – General liability insurance 9 – Credit and suretyship insurance 10 – Legal expenses insurance 11 – Assistance 12 – Miscellaneous financial loss 13 – Proportional medical expense reinsurance 14 – Proportional income protection reinsurance 15 – Proportional workers’ compensation reinsurance 16 – Proportional motor vehicle liability reinsurance 17 – Proportional other motor reinsurance 18 – Proportional marine, aviation and transport reinsurance 19 – Proportional fire and other damage to property reinsurance 20 – Proportional general liability reinsurance 21 – Proportional credit and suretyship reinsurance 22 – Proportional legal expenses reinsurance 23 – Proportional assistance reinsurance 24 – Proportional miscellaneous financial loss reinsurance 25 – Non–proportional health reinsurance 26 – Non–proportional casualty reinsurance 27 – Non–proportional marine, aviation and transport reinsurance 28 – Non–proportional property reinsurance 29 – Health insurance 30 – Insurance with profit participation 31 – Index–linked and unit–linked insurance 32 – Other life insurance 33 – Annuities stemming from non–life insurance contracts and relating to health insurance obligations 34 – Annuities stemming from non–life insurance contracts and relating to insurance obligations other than health insurance obligations 35 – Health reinsurance 36 – Life reinsurance 37 – Multiline (as defined hereunder) Where the reinsurance treaty or a similar arrangement provides cover for more than one line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, and the terms of cover differ between lines of business then the treaty needs to be specified over multiple rows. The first row entry for the treaty needs to be entered as ‘Multiline’ that provides details of the overall terms of the treaty, with the subsequent rows providing details of the individual terms of the reinsurance treaty to each relevant line of business. Where the term of the cover do not differ by line of business only the dominant line of business is required. |
| C0070 | Type of Trigger(s) in the SPV | Identify the trigger mechanisms used by the SPV as trigger events that would oblige the SPV to make payment to the ceding (re)insurance undertaking within the scope of group supervision. The following closed list shall be used: 1 – Indemnity 2 – Model Loss 3 – Index or Parametric 4 – Hybrids (including components from the above–mentioned techniques) 5 – Other |
| C0080 | Contractual Trigger Event | Description of the specific trigger that would oblige the SPV to make payment to the ceding (re)insurance undertaking within the scope of group supervision. This information should be complementary to the information on ‘Type of Trigger(s) in the SPV’ and should be descriptive enough to allow supervisors to identify the concrete trigger, e.g. specific weather/storm indices for cat risks or general mortality tables for longevity risks. |
| C0090 | Same trigger as in underlying cedant’s portfolio | Identify if the trigger defined in the underlying (re)insurance policy with the pay–out trigger defined in the treaty is the same as the one defined in the SPV. The following closed list shall be used: 1 – Same trigger 2 – Different trigger |
| C0100 | Basis risk arising from risk–transfer structure | Identify the causes of basis risk (i.e. that the exposure covered by the risk–mitigation technique does not correspond to the risk exposure of the insurance or reinsurance undertaking within the scope of group supervision). The following closed list shall be used: 1 – No basis risk 2 – Insufficient subordination for note holders, 3 – Investors’ additional recourse against cedant, 4 – Additional risks were securitised subsequent to authorisation, 5 – Cedants hold exposure to notes issued, 9 – Other |
| C0110 | Basis risk arising from contractual terms | Identify the basis risk arising from contractual terms. 1 – No basis risk 2 – Substantial part of risks insured not transferred 3 – Insufficient trigger to match risk exposure of cedant |
| C0120 | SPV assets ring–fenced to settle cedant–specific obligations | The amount of SPV assets ring–fenced for the reporting cedant, which are available to settle the contractual liabilities reinsured by the SPV for that specific cedant only (collateral assets specifically recognised on balance sheet of the SPV in relation to the obligation assumed). |
| C0130 | Other non cedant–specific SPV Assets for which recourse may exist | The amount of SPV assets (recognised on balance sheet of the SPV), not directly related to the reporting cedant but for which recourse exists. This would include any ‘free assets’ of the SPV, which may be available to settle the reporting cedant’s liabilities. |
| C0140 | Other recourse arising from securitisation | The amount of contingent assets of the SPV (held off balance sheet), not directly related to the reporting cedant but for which recourse exists. This includes recourse against other counterparties of the SPV, including guarantees, reinsurance contracts and derivative commitments to SPV made by the SPV sponsor, note holders, or other third parties. |
| C0150 | Total maximum possible obligations from SPV under reinsurance policy | Amount of total maximum possible obligations from reinsurance contract (cedant–specific). |
| C0160 | SPV fully funded in relation to cedant obligations throughout the reporting period | Identify if the protection offered by the risk–mitigation technique may only be partially recognised where counterparty to a reinsurance contract ceases to be able to provide effective and continuing risk–transfer. The following closed list shall be used: 1 – SPV fully funded in relation to cedant obligations 2 – SPV not fully funded in relation to cedant obligations |
| C0170 | Current recoverables from SPV | Amount of SPV Recoverables recognised on the Solvency II balance sheet of the undertaking within the scope of group supervision (prior to adjustments made for expected losses due to counterparty default). This should be calculated in accordance with the requirements of Article 41of Delegated Regulation (EU) 2015/35. |
| C0180 | Identification of material investments held by cedant in SPV | Identify whether material investments held by the cedant in the SPV exist, according to Article 210 of Delegated Regulation (EU) 2015/35. 1 – Not applicable 2 – Investments of SPV controlled by cedant and/or sponsor (where it differs from cedant); 3 – Investments of SPV held by cedant (equity, notes or other subordinated debt of the SPV); 4 – Cedant sells reinsurance or other risk mitigation protection to the SPV; 5 – Cedant has provided guarantee or other credit enhancement to SPV or note holders; 6 – Sufficient basis risk retained by cedant; 9 – Other. If this is reported then cells C0030 and C0040 needs to identify the instrument. |
| C0190 | Securitisation assets related to cedant held in trust with other third party than cedant/sponsor | Identify if there are securitisation assets related to cedant held in trust with other third party than cedant/sponsor, considering the provisions of Articles 214(2) and 326 of Delegated Regulation (EU) 2015/35. One of the options in the following closed list shall be used: 1 – Held in trust with other third party than cedant/sponsor 2 – Not held in trust with other third party than cedant/sponsor |
| Information on SPV | ||
| C0200 | Internal code of SPV | Internal code attributed to the SPV by the undertaking within the scope of group supervision by this order of priority: — Legal Entity Identifier (LEI); — Specific code Specific code: — For EEA insurance and reinsurance undertakings and other EEA regulated undertakings within the scope of group supervision: identification code used in the local market, attributed by the undertaking’s competent supervisory authority; — For non–EEA undertakings and non–regulated undertakings within the scope of group supervision, identification code will be provided by the group. When allocating an identification code to each non–EEA or non–regulated undertaking, the group should comply with the following format in a consistent manner: identification code of the parent undertaking + ISO 3166–1 alpha–2 code of the country of the undertaking + 5 digits This code shall be unique to each SPV and remain constant over subsequent reports. |
| C0210 | Type of code SPV | Identification of the code used in item ‘internal code of SPV’. One of the options in the following closed list shall be used: 1 – LEI 2 – Specific code |
| C0220 | Legal nature of SPV | Identify the legal nature of the SPV securitisation, according to Article 13(26) of Directive 2009/138/EC. Closed list 1 – Trusts 2 – Partnerships 3 – Limited liability companies 4 – Other legal entity form not referred above 5 – Not incorporated |
| C0230 | Name of SPV | Identify the name of the SPV |
| C0240 | Incorporation no. of SPV | Registration number received at incorporation of the SPV. For un–incorporated SPVs, the groups shall report the regulatory number or equivalent number obtained from the supervisory authority at the time of authorisation. |
| C0250 | SPV country of authorisation | Identify the ISO 3166–1 alpha–2 code for the country where the SPV is established and has received authorisation, where applicable. |
| C0260 | SPV authorisation conditions | Identify authorisation conditions of the SPV according to Article 211 of Directive 2009/138/EC or equivalent legal instrument. One of the options in the following closed list shall be used: 1 – SPV authorised under Article 211(1) of Directive 2009/138/EC 2 – SPV authorised under Article 211(3) of Directive 2009/138/EC (grandfathered) 3 – SPV regulated by a third country supervisory authority where requirements equivalent to those set out in Article 211(2) of Directive 2009/138/EC are met by the special purpose vehicle 4 – SPV not covered above |
| C0270 | External rating assessment by nominated ECAI | Rating of the SPV (if any) that is considered by the undertaking and provided by an external rating agency. If the rating is not available the item shall be left blank and the SPV shall be identified as ‘9 – no rating available’ in column C0290 (Credit quality step). This item is not applicable to SPVs for which undertakings using internal model use internal ratings. If undertakings using internal model do not use internal rating, this item shall be reported. In case ‘Multiple ECAI’ is reported in C0280 report the most representative external rating. |
| C0280 | Nominated ECAI | Identify the credit assessment institution (ECAI) giving the external rating in C0270, by using the name of the ECAI as published on ESMA’s website. In case of ratings issued by subsidiaries of the ECAI please report the parent ECAI (the reference is to ESMA list of credit rating agencies registered or certified in accordance with Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies). |
| C0290 | Credit quality step | Identify the credit quality step attributed to the SPV. The credit quality step shall reflect any readjustments to the credit quality made internally by the group. One of the options in the following closed list shall be used: 0 – Credit quality step 0 1 – Credit quality step 1 2 – Credit quality step 2 3 – Credit quality step 3 4 – Credit quality step 4 5 – Credit quality step 5 6 – Credit quality step 6 9 – No rating available |
| C0300 | Internal rating | Internal rating of the SPV for groups using internal model to the extent that the internal ratings are used in their internal modelling. If an internal model group is using solely external ratings this item shall not be reported. |
S.32.01 – Undertakings in the scope of the group
General comments:
This section relates to opening and the annual submission of information for groups.
This template is relevant under method 1 as defined in Article 230 of Directive 2009/138/EC, method 2 as defined in Article 233 of Directive 2009/138/EC and a combination of methods. It is a list of all undertakings in the scope of the group, in the meaning of Article 212(1)(c) of Directive 2009/138/EC, subject to full group supervision according to art 213(2)(a)(b)(c) of Directive 2009/138/EC including the participating insurance and reinsurance undertakings, insurance holding companies, mixed financial holding companies at the top of the group.
- — Cells C0010 to C0080 are related to the identification of the undertaking;
- — Cells C0090 to C0170 are related to ranking criteria (in the group reporting currency);
- — Cells C0180 to C0230 are related to criteria of influence;
- — Cells C0240 and C0250 are related to the inclusion in the scope of group supervision;
- — Cell C0260 is related to group solvency calculation.
| ITEM | INSTRUCTIONS | |
| C0010 | Country | Identify the ISO 3166–1 alpha–2 code of the country in which the registered head office of each undertaking within the scope of the group, in the meaning of Article 212(1)(c) of Directive 2009/138/EC, is located |
| C0020 | Identification code of the undertaking | Identification code by this order of priority: — Legal Entity Identifier (LEI) mandatory if existing; — Specific code in case of absence of LEI code. Specific code: — For EEA regulated undertakings other than insurance and reinsurance undertakings within the scope of the group, in the meaning of Article 212(1)(c) of Directive 2009/138/EC: identification code used in the local market, attributed by the undertaking’s competent supervisory authority; — For non–EEA undertakings and non–regulated undertakings within the scope of the group, in the meaning of Article 212(1)(c) of Directive 2009/138/EC, identification code will be provided by the group. When allocating an identification code to each non–EEA or non–regulated undertaking, the group should comply with the following format in a consistent manner: identification code of the parent undertaking + ISO 3166–1 alpha–2 code of the country of the undertaking + 5 digits |
| C0030 | Type of code of the ID of the undertaking | Identification of the code used in item ‘Identification code of the undertaking’: 1 – LEI 2 – Specific code |
| C0040 | Legal name of the undertaking | Legal name of the undertaking |
| C0050 | Type of undertaking | Identify the type of undertaking giving information on the type of activity of the undertaking. This is applicable to both EEA and third–country undertakings. The type of undertakings is linked to how the undertakings are brought into the group solvency calculation, as reported in C0260 of this template. The following closed list of options shall be used: 1 – Life insurance undertaking 2 – Non life insurance undertaking 3 – Reinsurance undertaking 4 – Composite undertaking 5 – Insurance holding company as defined in Article 212(1)(f) of Directive 2009/138/EC 6 – Mixed–activity insurance holding company as defined in Article 212(1)(g) of Directive 2009/138/EC 7 –Mixed financial holding company as defined in Article 212(1)(h) of Directive 2009/138/EC 8 – Credit institution, investment firm and financial institution 9 – Institution for occupational retirement provision 10 – Ancillary services undertaking as defined in Article 1(53) of Delegated Regulation (EU) 2015/35 11 – Non–regulated undertaking carrying out financial activities as defined in Article 1(52) of Delegated Regulation (EU) 2015/35 12 – Special purpose vehicle authorised in accordance with Article 211 of Directive 2009/138/EC 13 – Special purpose vehicle other than special purpose vehicle authorised in accordance with Article 211 of Directive 2009/138/EC 14 – UCIT management company as defined in Article 1(54) of Delegated Regulation (EU) 2015/35 15 – Alternative investment fund manager as defined in Article 1(55) of Delegated Regulation (EU) 2015/35 99 – Other |
| C0060 | Legal form | Identify the form of the undertaking. For categories 1 to 4 in cell ‘Type of undertaking’, the legal form shall be consistent with Annex III of Directive 2009/138/EC. |
| C0070 | Category (mutual/non mutual) | Indicate high level information on the legal form, i.e. whether the undertaking is a mutual or not. The following closed list shall be used: 1 – Mutual 2 – Non–mutual |
| C0080 | Supervisory Authority | Name of the Supervisory Authority responsible for the supervision of the individual undertaking, where applicable. Please use the full name of the authority. |
| Ranking criteria (in the group reporting currency) | ||
| C0090 | Total Balance Sheet (for (re)insurance undertakings) | For EEA (re)insurance undertakings, total amount of Solvency II balance sheet as reported in item C0010/R0500 in S.02.01. For non EEA (re)insurance undertakings, total amount of balance–sheet according to the relevant sectoral rules. The currency used shall be the group reporting currency. |
| C0100 | Total Balance Sheet (for other regulated undertakings) | For other regulated undertakings, total amount of balance sheet according to the relevant sectoral rules. The currency used shall be the group reporting currency. |
| C0110 | Total Balance Sheet (non–regulated undertakings) | For non–regulated undertakings, total amount of balance sheet used for IFRS or local GAAP. The currency used shall be the group reporting currency. |
| C0120 | Written premiums net of reinsurance ceded under IFRS or local GAAP for (re)insurance undertakings | For insurance and reinsurance undertakings written premiums net of reinsurance ceded under IFRS or local GAAP. The currency used shall be the group currency. |
| C0130 | Turn over defined as the gross revenue under IFRS or local GAAP for other types of undertakings, insurance holding companies or mixed financial holding companies | For other types of undertakings turn over defined as the gross revenue under IFRS or local GAAP. For insurance holding companies or mixed financial holding companies where appropriate turnover defined as the gross revenue under IFRS or local GAAP will be used as a ranking criteria. The currency used shall be the group reporting currency. |
| C0140 | Underwriting performance | (Re)insurance undertakings shall report their underwriting performance in accordance with their financial statements. A monetary amount shall be reported. The currency used shall be the group reporting currency. |
| C0150 | Investment performance | (Re)insurance undertakings shall report their investment performance in accordance with their financial statements. A monetary amount shall be reported. The currency used shall be the group reporting currency. This value shall not include any value already reported in C0140. |
| C0160 | Total performance | All the related undertakings within the scope of group supervision, in the meaning of Article 212(1)(c) of Directive 2009/138/EC, shall report their total performance in accordance with their financial statements. A monetary amount shall be reported. The currency used shall be the group reporting currency. |
| C0170 | Accounting standard | Identification of the accounting standard used for reporting items in cells C0100 to C0160. All items shall be reported consistently on the same accounting standard. The following closed list of options shall be used: 1 – IFRS 2 – Local GAAP |
| Criteria of influence | ||
| C0180 | % capital share | Proportion of the subscribed capital that is held, directly or indirectly, by the participating undertaking in the related undertaking (as referred to in Article 221 of Directive 2009/138/EC). This cell is not applicable for the ultimate parent undertaking. |
| C0190 | % used for establishment of consolidated accounts | Percentage as defined by IFRS or local GAAP for the integration of consolidated undertakings into the consolidation which may differ from item C0180. For full integration, minority interests shall also be reported in this item. This cell is not applicable for the ultimate parent undertaking. |
| C0200 | % voting rights | Proportion of voting rights that is held, directly or indirectly, by the participating undertaking in the related undertaking This cell is not applicable for the ultimate parent undertaking. |
| C0210 | Other criteria | Other criteria useful to assess the level of influence exercised by the participating undertaking, e.g. relationship referred to in art 22(7) of Directive 2013/34/EU, centralised risk management. This cell is not applicable for the ultimate parent undertaking. |
| C0220 | Level of influence | Influence can be either dominant or significant, depending on criteria mentioned above; the group is responsible for assessing the level of influence exercised by the participating undertaking over any undertaking but as stated in Article 212(2) of Directive 2009/138/EC the group supervisor may have a differing view from the group’s assessment and if so the group shall take into account any decision made by the group supervisor. This cell is not applicable for the ultimate parent undertaking. The following closed list shall be used: 1 – Dominant 2 – Significant |
| C0230 | Proportional share used for the group solvency calculation | Proportional share is the proportion that will be used to calculate the group solvency. This cell is not applicable for the ultimate parent undertaking. |
| Inclusion in the scope of Group supervision | ||
| C0240 | Inclusion in the scope of group supervision – Yes/No | Indicate if the undertaking is included or not in the scope of group supervision as referred in Article 214 of Directive 2009/138/EC; if an undertaking is not included in the scope of group supervision as provided for in Article 214, then it shall be indicated which paragraph from Article 214(2) is the reason. The following closed list shall be used: 1 – Included in the scope 2 – Not included in the scope (Article 214 (a) 3 – Not included in the scope (Article 214 (b) 4 – Not included in the scope (Article 214 (c) |
| C0250 | Inclusion in the scope of group supervision – Date of decision if art.214 is applied | Identify the ISO 8601 (yyyy–mm–dd) code of the date where the decision of exclusion has been taken. |
| Group solvency calculation | ||
| C0260 | Method used and under method 1, treatment of the undertaking | The item gathers information on the method used for group solvency calculation and the treatment of each undertaking. The following closed list shall be used: 1 – Method 1: Full consolidation 2 – Method 1: Proportional consolidation 3 – Method 1: Adjusted equity method 4 – Method 1: Sectoral rules 5 – Method 2: Solvency II 6 – Method 2: sectoral Rules 7 – Method 2: Local rules 8 – Deduction of the participation in relation to Article 229 of Directive 2009/138/EC 9 – No inclusion in the scope of group supervision as defined in Article 214 Directive 2009/138/EC 10 – Other method |
| C0270 | Covered by internal model for Group SCR calculations | 1 – Yes 2 – No |
| C0280 | Type of VA being used in the group internal model | Type of Volatility Adjustment used for the group solvency calculation by undertakings in scope of the group internal model. The following closed list shall be used: 1 – None 2 – Constant VA 3 – Dynamic VA If an internal model is used without VA or the Standard Formula is used for the group solvency calculation then ‘None’ should be selected. |
S.33.01 – Insurance and reinsurance individual requirements
General comments:
This section relates to opening and the annual submission of information for groups.
This template is relevant under method 1 as defined in Article 230 of Directive 2009/138/EC, method 2 as defined in Article 233 of the Directive 2009/138/EC and a combination of methods, in the following way:
- — The first part of it (Cells C0060 to C0230) collects the information on all insurance and reinsurance undertakings of the group from EEA and non–EEA countries applying Directive 2009/138/EC reported in accordance with the rules therein; regardless of the method used for the calculation of the group solvency.
- — The second part of it (Cells C0240 to C0260) collects information on the local capital requirements, local Minimum Capital Requirements, eligible own funds of all non–EEA insurance and reinsurance undertakings of the group which shall be reported in accordance with local rules, regardless of the method used for the calculation of the group solvency.
- — The last cell C0270 collects the information on the solo contribution to the group SCR of all EEA and non EEA insurance and reinsurance undertakings.
- — The purpose of the data in this template is to provide information to supervisors that improves the assessment of availability of own funds as well as that facilitates assessing the amount of diversification effects.
| ITEM | INSTRUCTIONS | |
| C0010 | Legal name of the undertaking | Legal name of each undertaking |
| C0020 | Identification code of the undertaking | Identification code by this order of priority: — Legal Entity Identifier (LEI) mandatory if existing; — Specific code in case of absence of LEI code. Specific code: — For EEA regulated undertakings other than insurance and reinsurance undertakings within the scope of group supervision: identification code used in the local market, attributed by the undertaking’s competent supervisory authority; — For non–EEA undertakings and non–regulated undertakings within the scope of group supervision, identification code will be provided by the group. When allocating an identification code to each non–EEA or non–regulated undertaking, the group should comply with the following format in a consistent manner: identification code of the parent undertaking + ISO 3166–1 alpha–2 code of the country of the undertaking + 5 digits |
| C0030 | Type of code of the ID of the undertaking code | Identification of the code used in item ‘Identification code of the undertaking’: 1 – LEI 2 – Specific code |
| C0040 | Entity Level/RFF or MAP/Remaining Part | Identify to which the information is related to. The following closed list shall be used: 1 – Entity level 2 – Material Ring fenced fund or Matching Adjustment Portfolio 3 – Remaining part |
| C0050 | Fund Number | When C0040 = 2, this is the unique number of each material ring–fenced fund or matching adjustment portfolio as attributed by the group. It shall remain unvarying over time. It shall not be re–used for other funds or portfolios). The number shall be used consistently across all templates, where relevant, to identify the fund/portfolio. When C0040 = 1 or 3, it shall be reported ‘0’. |
| EEA and non EEA insurance and reinsurance undertakings (using Solvency II rules) | ||
| C0060 | SCR Market Risk | Individual (gross) SCR Market Risk for each undertaking. |
| C0070 | SCR Counterparty Default Risk | Individual (gross) SCR Counterparty Default Risk for each undertaking. |
| C0080 | SCR Life Underwriting Risk | Individual (gross) SCR Life Underwriting Risk for each undertaking. |
| C0090 | SCR Health Underwriting Risk | Individual (gross) SCR Health Underwriting Risk for each undertaking. |
| C0100 | SCR Non–life Underwriting Risk | Individual (gross) SCR Non–life Underwriting Risk for each undertaking. |
| C0110 | SCR Operational Risk | Individual SCR Operational Risk for each undertaking. |
| C0120 | Individual SCR | Individual SCR for each undertaking (including any capital add–on). |
| C0130 | Individual MCR | Individual MCR for each undertaking. |
| C0140 | Eligible Individual Own Funds to cover the SCR | Eligible Individual Own Funds to cover the SCR. Total own funds are to be reported in this item. No restrictions on availability for the group apply. |
| C0150 | Use of undertaking specific parameters | When an undertaking uses undertaking specific parameters for calculating individual SCR, report the area(s) for which these parameters are used. The following closed list shall be used: 1 – Life underwriting risk/revision risk 2 – Health SLT underwriting risk/revision risk 3 – Health NSLT premium and reserve risk, 4 – Non Life premium and reserve risk, Include as many options as needed, separated by a ‘,’. |
| C0160 | Use of simplifications | When an undertaking uses simplifications for calculating individual SCR, report the area(s) for which these simplifications are used. The following closed list shall be used: 1 – Market risk/spread risk (bonds and loans) 2 – Market risk/interest rate risk (captives) 3 – Market risk/spread risk (bonds and loans) (captives) 4 – Market risk/market risk concentration (captives) 5 – Counterparty default risk 6 – Life underwriting risk/mortality risk 7 – Life underwriting risk/longevity risk 8 – Life underwriting risk/disability–morbidity risk 9 – Life underwriting risk/lapse risk 10 – Life underwriting risk/life expense risk 11 – Life underwriting risk/life catastrophe risk 12 – Health underwriting risk/mortality risk 13 – Health underwriting risk/longevity risk 14 – Health underwriting risk/disability–morbidity risk (medical expense) 15 – Health underwriting risk/disability–morbidity risk (income protection) 16 – Health SLT underwriting risk/lapse risk 17 – Health underwriting risk/life expense risk 18 – Non–Life underwriting risk/premium and reserve risk (captives) Include as many options as needed, separated by a ‘,’. |
| C0170 | Use of Partial Internal Model | When an undertaking uses a partial internal model(s) for calculating individual SCR, report the area(s) for which this/these are used. |
| C0180 | Group or individual internal model | When an undertaking uses a full internal model for calculating individual SCR, it has to be stated whether this regards a individual internal model or group internal model. The following closed list shall be used: 1 – Individual Internal Model 2 – Group Internal Model |
| C0190 | Date of initial approval of IM | In case a group or individual internal model is approved by individual supervisor, identify the ISO 8601 (yyyy–mm–dd) code of the date of this approval. |
| C0200 | Date of approval of latest major change of IM | In case a major change of group or individual internal model is approved by individual supervisor (Article 115), identify the ISO 8601 (yyyy–mm–dd) code of the date of this approval. |
| C0210 | Date of decision of capital add–on | In case a capital add–on applies to any of the undertakings listed here (Article 37 of Directive 2009/138/EC), identify the ISO 8601 (yyyy–mm–dd) code of the date of the decision. |
| C0220 | Amount of capital add–on | In case a capital add–on applies to any of the entities listed here (Article 37 of Directive 2009/138/EC), report the exact amount. |
| C0230 | Reason of capital add–on | In case a capital add–on applies to any of the undertakings listed here (Article 37 of Directive 2009/138/EC), report the reason(s) stated by the supervisor in its decision. |
| Non EEA insurance and reinsurance undertakings (both using Solvency II rules and not using Solvency II rules) regardless of the method used | ||
| C0240 | Local capital requirement | Local individual capital requirement that triggers first intervention by local supervisor. |
| C0250 | Local minimum capital requirement | Local individual minimum capital requirement that triggers final intervention – withdrawal of the authorisation – by local supervisor. This figure is needed to calculate the minimum consolidated group SCR. |
| C0260 | Eligible own funds in accordance with local rules | Eligible Individual Own Funds to cover the local capital requirement, as calculated according to local rules, without applying restrictions on availability for the group. |
| C0270 | Contribution of solo SCR to the group SCR | Contribution of solo SCR to group SCR If the method 1 is applied, the contribution of a subsidiary undertaking to the group SCR shall be calculated according to the formula: Contrj = SCRj × SCRdiversified/Σi SCRisolo Where: — SCRj is the SCR at individual entity level of the undertaking j; — SCRdiversified = SCR calculated in accordance to Article 336(a) of Delegated Regulation (EU) 2015/35; — SCRisolo is the SCR at individual entity level of the participating undertaking and each related insurance or reinsurance undertaking and third-country insurance and reinsurance undertaking included in the calculation of the SCRdiversified; — the ratio is the proportional adjustment due to the recognition of diversification effects at group level. For related insurance and reinsurance undertakings which are not subsidiaries (art 335 1.d of the DR) included via method 1, the contribution of the related undertaking to the group SCR is the proportional share of the individual SCR. For method 2, the contribution of the related undertaking to the group SCR is the proportional share of the individual SCR. |
S.34.01 – Other regulated and non–regulated financial undertakings including insurance holding companies and mixed financial holding companies individual requirements
General comments:
This section relates to opening and the annual submission of information for groups.
This template is relevant under method 1 as defined in Article 230 of Directive 2009/138/EC, method 2 as defined in Article 233 of the Directive 2009/138/EC and a combination of methods and covers the individual requirements of financial undertakings other than insurance and reinsurance undertakings, and of non-regulated undertakings carrying out financial activities as defined in Article 1(52) of Delegated Regulation (EU) 2015/35, such as credit institutions, investment firms, financial institutions, alternative investment fund managers, UCITS management companies, institutions for occupational retirement provisions, non–regulated undertakings carrying out financial activities, insurance holding companies and mixed financial holding companies.
| ITEM | INSTRUCTIONS | |
| C0010 | Legal name of the undertaking | Legal name of each undertaking. |
| C0020 | Identification code of the undertaking | Identification code by this order of priority: — Legal Entity Identifier (LEI) mandatory if existing; — Specific code in case of absence of LEI code. Specific code: — For EEA regulated undertakings other than insurance and reinsurance undertakings within the scope of group supervision: identification code used in the local market, attributed by the undertaking’s competent supervisory authority; — For non–EEA undertakings and non–regulated undertakings within the scope of group supervision, identification code will be provided by the group. When allocating an identification code to each non–EEA or non–regulated undertaking, the group should comply with the following format in a consistent manner: identification code of the parent undertaking + ISO 3166–1 alpha–2 code of the country of the undertaking + 5 digits |
| C0030 | Type of code of the ID of the undertaking | Identification of the code used in item ‘Identification code of the undertaking’: 1 – LEI 2 – Specific code |
| C0040 | Aggregated or not | When the entities of other financial sectors form a group with a specific capital requirement, this consolidated capital requirement can be accepted instead of the list of each individual requirement. The following closed list shall be used: 1 – Aggregated 2 – Not aggregated |
| C0050 | Type of capital requirement | Identify the type of capital requirement. The following closed list shall be used: 1 – Sectoral (for credit institutions, investment firms, financial institutions, alternative investment fund managers, UCITS management companies, institutions for occupational retirement provisions) 2 – Notional (for non–regulated undertakings) 3 – No capital requirement |
| C0060 | Notional SCR or Sectoral capital requirement | The capital requirement, either sectoral or notional, that triggers first intervention by individual supervisor, assuming a so–called intervention ladder. |
| C0070 | Notional MCR or Sectoral minimum capital requirement | Minimum capital requirement, either sectoral or notional, that triggers final intervention, assuming a so–called intervention ladder where available. This item is not requested for entities for which a final trigger level is not set. |
| C0080 | Notional or Sectoral Eligible Own Funds | Total own funds to cover the (notional or sectoral) capital requirement. No restrictions on availability for the group apply. |
| C0085 | Contribution of solo (notional) SCR to group SCR | Contribution of the solo notional SCR to the group SCR with regard to insurance holding companies and mixed financial holding companies Contribution of solo SCR to group SCR If the method 1 is applied, the contribution of a subsidiary undertaking to the group shall be calculated according the formula: Contrj = SCRj × SCRdiversified/Σi SCRisolo Where: — SCRj is the SCR at individual entity level of the undertaking j; — SCRdiversified = SCR calculated in accordance to Article 336(a) of Commission Delegated Regulation (EU) 2015/35; — SCRisolo is the SCR at individual entity level of the participating undertaking and each related insurance or reinsurance undertaking and third-country insurance and reinsurance undertaking included in the calculation of the SCRdiversified; — the ratio is the proportional adjustment due to the recognition of diversification effects at group level. For related undertakings which are not subsidiaries (art 335 1.d of the DR) included via method 1, the contribution of the related undertaking to the group SCR is the proportional share of the individual SCR. For method 2, the contribution of the related undertaking to the group SCR is the proportional share of the individual SCR. |
S.35.01 – Contribution to group Technical Provisions
General comments:
This section relates to the annual submission of information for groups.
The information to be reported between C0050 to C0210 shall be after the volatility adjustment, the matching adjustment and interest rate transitional is applied. The transitional deduction to technical provisions is reported separately in C0220 and C0230.
This template is relevant under method 1 as defined in Article 230 of Directive 2009/138/EC, method 2 as defined in Article 233 of Directive 2009/138/EC and a combination of methods.
Related insurance and reinsurance undertakings which are not subsidiaries are excluded from the scope of this template since they are assessed through the adjusted equity method.
| ITEM | INSTRUCTIONS | |
| C0010 | Legal name of the undertaking | Legal name of each undertaking |
| C0020 | Identification code of the undertaking | Identification code by this order of priority: — Legal Entity Identifier (LEI) mandatory if existing; — Specific code in case of absence of LEI code. Specific code: — For EEA regulated undertakings other than insurance and reinsurance undertakings within the scope of group supervision: identification code used in the local market, attributed by the undertaking’s competent supervisory authority; — For non–EEA undertakings and non–regulated undertakings within the scope of group supervision, identification code will be provided by the group. When allocating an identification code to each non–EEA or non–regulated undertaking, the group should comply with the following format in a consistent manner: identification code of the parent undertaking + ISO 3166–1 alpha–2 code of the country of the undertaking + 5 digits |
| C0030 | Type of code of the ID of the undertaking | Identification of the code used in item ‘Identification code of the undertaking’: 1 – LEI 2 – Specific code |
| C0040 | Method of group solvency calculation | Identify the method of the group calculation. The following closed list of options shall be used: 1 – Method 1 2 – Method 2 |
| C0050 | Total amount of TP – Amount of TP gross of IGT | Total amount of technical provisions gross of IGT. This item equals the sum of items C0070, C0100, C0130, C0160, C0190 and C0220, except for (re)insurance undertakings situated in equivalent non–EEA countries under method 2. For (re)insurance undertakings situated in equivalent non–EEA countries under method 2 only item C0050 is mandatory. The cell shall be filled in with amounts gross of reinsurance and of IGT. When method 1 as defined under Article 230 of Directive 2009/138/EC is used for the (re)insurance undertaking, the total amount of technical provisions in cell C0050 accounts for its contribution gross of reinsurance ceded within the scope of group supervision to the group technical provisions. When method 2 is used for the (re)insurance undertaking, the total amount of technical provisions in cell C0050 cannot be reconciled with the amount of group technical provisions in the group balance sheet. |
| C0060 | Total amount of TP – Amount of TP net of IGT | Total amount of technical provisions net of IGT. This item equals the sum of items C0080, C0110, C0140, C0170, C0200 and C0230, except for (re)insurance undertakings situated in equivalent non–EEA countries under method 2. For (re)insurance undertakings situated in equivalent non–EEA countries and allowed to use the local rules under method 2, only item C0060 is mandatory and this shall be filled on the basis of the local solvency regime. The cell shall be filled in with amounts gross of reinsurance but net of IGT, including intra–group reinsurance (the risk margin should not be net of IGT). When method 1 as defined under Article 230 of Directive 2009/138/EC is used for the (re)insurance undertaking, the total amount of technical provisions in cell C0060 accounts for its contribution net of reinsurance ceded within the scope of group supervision to the group technical provisions. The total amount of technical provisions in cell C0060 for all (re)insurance undertakings under method 1 can be reconciled with the amount of group technical provisions in the group balance sheet. When method 2 is used for the (re)insurance undertaking, the total amount of technical provisions in cell C0060 cannot be reconciled with the amount of group technical provisions in the group balance sheet. |
| C0070, C0100, C0130, C0160, C0190 | Amount of TP gross of IGT | Amount of technical provisions (TP calculated as a whole or the sum of the best estimate and the risk margin), split by respective main categories (Life excluding health and unit linked index–linked, Unit–linked and index linked, Health – SLT and non–SLT, Non–life excluding health) of the EEA or non–EEA undertaking calculated according to Solvency II rules. The cell shall be filled in with amounts gross of reinsurance and of IGT. The currency used shall be the group currency. This item is reported for the (re)insurance undertakings under method 1 and method 2, except for the (re)insurance undertakings under method 2 situated in equivalent non–EEA countries. |
| C0080, C0110, C0140, C0170, C0200 | Amount of TP net of IGT | Amount of technical provisions (TP calculated as a whole or the sum of the best estimate and the risk margin), split by respective main categories (Life excluding health and unit linked index–linked, Unit–linked and index linked, Health – SLT and non–SLT, Non–life excluding health) of the EEA or non–EEA undertaking calculated according to Solvency II rules. The cell shall be filled in with amounts gross of reinsurance but net of IGT, including intra–group reinsurance. The currency used shall be the group currency. This item is reported for the (re)insurance undertakings under method 1 and method 2, except for the (re)insurance undertakings under method 2 situated in equivalent non–EEA countries. |
| C0090, C0120, C0150, C0180, C0210 | Net Contribution to Group TP (%) | The percentage share of TP (TP calculated as a whole or the sum of the best estimate and the risk margin) of the (re) insurance undertaking to the group TP under method 1 net of IGT but gross of reinsurance ceded outside the group, split by respective main categories (Life excluding health and unit linked index–linked, Unit–linked and index linked, Health – SLT and non–SLT, Non–life excluding health). This item is not reported for undertakings under method 2. |
| C0220 | Transitional on TP – Amount of TP gross of IGT | Amount of the transitional deduction to technical provisions. This value is not included in the previous items. The cell shall be filled in with amounts gross of reinsurance and IGT. This value shall be reported as a negative value. |
| C0230 | Transitional on TP – Amount of TP net of IGT | Amount of the transitional deduction to technical provisions. This value is not included in the previous items. The cell shall be filled in with amounts gross of reinsurance but net of IGT, including intra–group reinsurance. This value shall be reported as a negative value. |
| C0240 | LTG measures – TP subject to Transitional on RFR – Amount of TP gross of IGT | Indicate the amount of Total amount of TP gross of IGT (C0050) subject to the transitional adjustment to the relevant risk-free interest rate term structure. The cell shall be filled in with amounts gross of reinsurance and IGT. |
| C0250 | LTG measures – TP subject to VA – Amount of TP gross of IGT | Indicate the amount of Total amount of TP gross of IGT (C0050) subject to volatility adjustment. The Technical Provisions are reported after transitional and with Risk Margin. The cell shall be filled in with amounts gross of reinsurance and IGT, including intra–group reinsurance. |
| C0260 | LTG measures – TP subject to MA – Amount of TP gross of IGT | Indicate the amount of Total amount of TP gross of IGT (C0050) subject to matching adjustment. The cell shall be filled in with amounts gross of reinsurance and IGT, including intra–group reinsurance. |
S.36.01 – IGT – Equity–type transactions, debt and asset transfer
General comments:
This template relates to the information that groups are requested to provide at least annually.
This template shall report all (significant, very significant and transactions required to be reported in all circumstances) intra-group transactions between entities of a group related to equity, debt, reciprocal financing 5 and asset transfers.
These include, but are not limited to:
- — equity and other capital items including participations in related entities and transfer shares of related entities of the group;
- — debt including bonds, loans, collateralised debt, and other transactions of similar nature e.g. with periodic pre-determined interest or coupon or premium payments for a pre-determined period of time;
- — other asset transfer such as transfer of properties and transfer of shares of other companies unrelated (i.e. outside) to the group.
This template shall include intragroup transactions that were:
- — in-force at the start of the reporting period.
- — incepted during the reporting period and outstanding at the reporting date.
- — incepted and expired/matured during the reporting period.
Where two or more transactions between entities of the group which, from an economic perspective, contribute to the same risk, or, serve the same purpose/objective or are temporally connected in a plan, they shall be considered as a single economic operation.
As such each transaction which is part of a single economic operation shall be reported whenever collectively they are at or above the corresponding threshold for significant intra-group transactions, even though individually the transactions fall below the threshold.
Any element added to significant intragroup transactions shall be reported as a separate intragroup transaction, even if the element in its own right falls below the significant threshold limit. For example, if an undertaking increases the initial loan amount to another related undertaking the addition to the loan shall be recorded as a separate item with its issue date as the date of the addition.
Where the transaction value is different for two transacting parties (e.g. a EUR10m transaction between A and B where A records EUR10m but B only receive EUR9,5 m because of transactions costs, of say EUR0,5 m has been expensed) the template shall record the maximum amount as the transaction amount, in this case EUR10m.
Indirect transactions shall be defined as any transaction shifting risk exposures between entities within the group including but not limited to transactions with special purpose vehicle, collective investment undertakings, ancillary entities or unregulated entities; or entities outside of the group but ultimately risk exposure is brought back or stays within the group. Where there is a chain of related intragroup transactions (e.g. A invests in B and B invests in C), this transaction shall be reported as an indirect transaction. Therefore A to C transaction shall be reported and the comments shall mention the intermediary step. In the case of a waterfall of transactions, e. g. if ‘A’-> ‘B’ -> ‘C’-> ‘D’ where both ‘B’ and ‘C’ are both in the group but unregulated entities, this transaction shall also be reported.
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