Question ID: 1165
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.04.01
Status: Final
Date of submission: 19 Apr 2017
Question
QRT S.04.01 LOG and template seem to refer to business in non-EEA countries only if underwritten by branches:
- Item C0070 (Total business underwritten by all non-EEA branches) defined as “Amount of the business underwritten by all non-EEA branches”.
- Items C0110 (By material non-EEA member - Business underwritten by material non-EEA country branches) defined as “Amount of business underwritten by material non-EEA country branches in the country where it is established”.
In case of business underwritten through FPS directly by the undertaking in non-EEA countries, is it correct that it is not requested to be reported?
If the business underwritten through FPS by the undertaking in non-EEA countries is requested, please let us know:
- if any threshold is applicable;
- which are the most appropriate items for reporting within the S.04.01 QRT.
More in general, could you confirm that a balancing between the QRT S.04.01 and S.05.01 is not substantially requested?
EIOPA answer
Freedom of Services as defined in the Solvency II Directive can only be performed in a Member State (Article 13 (9)). Please also consider Q&A 956.