Question
According to the annex XX of the delegated regulation 2015/35, the section A3 should contains the requirement set in article 293 (3) of the delegated regulation 2015/35, meaning :
"The solvency and financial condition report shall include all of the following qualitative and quantitative information regarding the performance of the investments of the insurance or reinsurance undertaking over the reporting period together with a comparison of the information with that reported on the previous reporting period, as shown in that undertaking's financial statements"
What do "undertaking's financial statements" mean? Do we have to refer to the local GAAP or to the Solvency II framework?
EIOPA answer
The undertaking's financial statements refer to local GAAP/IFRS regarding the performance of the investments of the insurance or reinsurance undertaking over the reporting period.