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European Insurance and Occupational Pensions Authority

1279

Q&A

Question ID: 1279

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

Article: 35

Template: S.09.01

Status: Final

Date of submission: 07 Sep 2017

Question

In template S.09.01 we should report annual information of 2016 (01/01/2016 -31/12/2016). How do we deal with financial report which runs from 01/12/2015 - 30/11/2016. Should we report the information from:
- 01/01/2016 - 30/11/2016
- 01/12/2015 - 30/11/2016
- 01/01/2016 - 31/12/2016

According to your template "Interest" C0080, should this also include bank account interest? As in the logfile S.09.01 there where mentioned "Items shall be reported with positive values unless otherwise stated in the respective instructions".  I expect that only positive value are allowed in the instructions of C0080.

How should we report debit interest for the bank account, if only positive amount are allowed and not negative. Should we only report credit interest and not debit interest?

EIOPA answer

If the undertaking's financial year ends at 30/11, then template S.09.01 should reflect the amounts related to  the following period 01/12/2015 - 30/11/2016.

In C0080 "Interest" also the bank account interest is to be included. The amount reported should be positive reflecting the amount of interest earned, i.e. interest received less accrued interest at the start of the period plus accrued interest at the end of the reporting period. In the scenario of negative interests earned the amount may be reported negative. However we highlight that the template cover only interests from assets.