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European Insurance and Occupational Pensions Authority

1160

Q&A

Question ID: 1160

Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities

Article: 35

Template: S.06.02

Status: Final

Date of submission: 02 Aug 2017

Question

Do you consider incorrect when company fills S.06.03 and/or S.06.03 in the annual QRT even if company filled these templates in relation to last quarter?

In other words, is company allowed to report S.06.02/S.06.03 both in relation to last quarter (quarterly QRT) and year-end (annual QRT)? 

EIOPA answer

When template S.06.02 is not exempted by the relevant National Competent Authority for quarterly reporting (4 quarters are submitted) the annual submission is not requested. If material changes since quarterly submission have occurred Q4 has to be resubmitted.

However, template S.06.03 shall be submitted annually when the undertaking is exempted from reporting the template in relation to the last quarter in accordance with Article 35(6) of Directive 2009/138/EC or has not reported it quarterly because the ratio of collective investments held by the undertaking to total investments, as referred to in Article 6(1)(f) of Commission implementing regulation (EU) 2015/2450 of 2 December 2015 laying down implementing technical standards with regard to the templates for the submission of information to the supervisory authorities according to Directive 2009/138/EC of the European Parliament and of the Council, is not higher than 30 %.

If the information is the same as reported for Q 4 this should not be included in the annual submission. If material changes since quarterly submission have occurred Q4 has to be resubmitted. Furthermore, S.06.03 might not be submitted annually if it is exempted due to Article 35 (7)  of Directive 2009/138/EC.  

Please take into consideration, as the answer is based on the corrected ITS which was consulted in May 2017, to consult your relevant NCA in cases of a necessary resubmission if material changes occur regarding the submission dated the 31.12.2016 of both templates.