Question ID: 2839
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Article: Template S.25.05
Status: Final
Date of submission: 19 Oct 2023
Question
Could you please confirm whether S.25.05 QRT is required to be submitted by individual undertakings or groups who use the Standard Formula approach under EIOPA Taxonomy 2.8? Given the name of the template is "Solvency Capital Requirement - for undertakings using an internal model (partial or full)" and similar information is already submitted in S.25.01, we had assumed this was not applicable. However, we came across the 2.8.0 PWD Solvency II release note which states the following: "modelling amendments in S(R).25.05 templates changing the scope of the template to include standard approach, partial internal model and full internal model" Could you confirm whether S.25.05 is required to be reported by companies who use the Standard Formula approach only?
EIOPA answer
No, S.25.05 should not be reported by companies who use the Standard Formula approach only.