Question ID: 28
Regulation Reference: Guidelines on submission of information to NCAs (Preparatory phase)
Article: 35
Template: S.02.01
Status: Final
Date of submission: 12 Feb 2014
Question
Please be so kind and revise once again question nb. 14. Today I noticed this question and answer and after detail examination I am almost convinced that your answer is not correct.
I believe that correct wording for CAS 78 is: S.23.01.b.A20 = S.02.01.b.L27-S.23.01.b.B24-S.23.01.b.B25-S.23.01.b.B27-S.23.01.b.B502-S.23.01.b.A503+ S.02.01.b.L26
and for CQS 1 is:
S.23.01.a.A20 = S.02.01.a.L27-S.23.01.a.B24-S.23.01.a.B25-S.23.01.a.B27-S.23.01.a.B502-S.23.01.a.A503+ S.02.01.a.L26
EIOPA answer
In fact the correct formula was the one in CQS1.
This amendment will be included in the ERRATA.
CQS1 should read: “S.23.01.a.A20 = S.02.01.a.L27-S.23.01.a.B24-S.23.01.a.B25-S.23.01.a.B27-S.23.01.a.B502-S.23.01.a.A503+ S.02.01.a.L26”
CAS78 should read: “S.23.01.b.A20 = S.02.01.b.L27-S.23.01.b.B24-S.23.01.b.B25-S.23.01.b.B27-S.23.01.b.B502-S.23.01.b.A503+ S.02.01.b.L26”
Additionally, it was spotted a minor mistake (in green) in the solo formula of cell B26 of S.23.01 (B26= A1-+A2+A3+A4 +A6+A8+A9+A15+A16) and suggest the following to the ERRATA:
In technical Annex II, in the description of the cell B26 of S.23.01, the formula needs to be amended and should read:
“This is the total amount of other basic own funds items included in the reconciliation reserve. When this data item is applicable to groups, it is only applicable for consolidation method. B26= A1+A2+A3+A4+A6+A8+A9+A15+A16”.