Question ID: 2133
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Topic: Own Funds (OF)
Article: NA
Template: S.23.01
Status: Final
Date of submission: 15 Apr 2020
Question
As at 31.03.2020 the entity had a foreseeable dividend that would usually be disclosed in S.23.01 at R0720, C0060. EIOPA issued its statement urging insurers to temporary suspend dividend payments due to the COVID-19 outbreak, the entity subsequently suspended its dividend payment.
Should the entity now report its Q1 foreseeable dividend as Nil even though the decision to suspend the payment was ultimately taken after 31 March?
EIOPA answer
EIOPA confirms that in case the company has decided not to pay dividends then it shall report its Q1 foreseeable dividend as Nil.