Question ID: 2713
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Article: N/A
Template: S.02.02
Status: Final
Date of submission: 23 Jun 2023
Question
Regards the new exemption for S.02.02 in 2.8 taxonomy, and the associate LOG guidance (in the draft business package supporting SII taxonomy 2.8.0). The LOG test is simply: "Captives are exempted from reporting this template.", which differs from other templates such as S.27.01 which specifies only those meeting Art 1a: "Captive insurance and reinsurance undertakings complying with the definition in article 1a shall only report tables corresponding to R0001 and R002/C0001 and R0010/C0010 to R0340/C0030." Can EIOPA confirm if this is for any captive (meaning undertakings defined in point (2) of Article 13 of Directive 2009/138/EC) or specifically those that additionally meet the requirements of the new Article 1a of 2015/2450.
EIOPA answer
The text to be considered as the main source is the (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision (applicable from 31 December 2023). The applicable Article in this case is Article 10(a) where template S.02.02 is not applicable to captives. The simplification refers to Insurance and reinsurance undertakings and captive insurance undertakings as defined by point (2) of Article 13 of Directive 2009/138/EC. The LOG shall be clarified in the next ITS amendment.