Question ID: 250
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.02.02
Status: Final
Date of submission: 06 Nov 2015
Question
Sheet “BS-C1D-S.02.02.b”: how should be the value of “material” currencies defined?
Why there are no code positions provided for Total value of all currencies and Value of remaining other currencies?
EIOPA answer
As stated in the Annex I of the Guidelines on Submission of Information for the preparatory phase and in the Final Report on public consultation No. 14/052 on the implementing technical standards on the templates for the submission of information to the supervisory authorities information by currency shall be reported until at least 90% of the total assets and total liabilities are covered.
If a specific currency has to be reported for either assets or liabilities to comply with the 90% rule then that currency shall be reported for both assets and liabilities.
The template has in fact been up-graded and please note that the template included in the Final Report on public consultation No. 14/052 on the implementing technical standards on the templates for the submission of information to the supervisory authorities already include the columns for the totals that were missing in the preparatory phase version.