Question ID: 169
Regulation Reference: Guidelines on submission of information to NCAs (Preparatory phase)
Article: 35
Template: S.01.02
Status: Final
Date of submission: 10 Aug 2015
Question
1)Does EIOPA expect S.02.01.A12 (Assets held for index-linked and unit-linked funds) value to match to S.01.02.L10 (Technical provisions – index-linked and unit-linked)?
2) Assuming EIOPA does which is our assumption, do you expect the summation on S.06.02 where cell A3 (if the indicator is UL or IL) to equal reported amount in S.02.01.A12? They will be differences due to the managers' box position. If they need to be the same totals then potentially it will be quite a complex process to allocate managers' box units/amounts out of UL assets into general assets category assuming line by line reallocation is required for each of the UL funds which in turn will increase the volume of lines reported.
3) Will EIOPA accept there will be a difference bet A12 and S.06.02 and reconciling differencesexplanation is presented in a separate supporting schedule along with the QRT submission?
EIOPA answer
Only the assets referred in the instructions of the template S.06.02 (template should reflect the list of all assets included in the Balance-sheet classifiable as asset categories 0 to 9 of Annex III – Assets Categories of this Regulation) should be reported even if included in unit linked contracts. Therefore EIOPA does not expect a perfect match between the amount reported in S.02.01 as Assets held in unit linked and the assets listed in S.06.02 in relation to this contracts.