Question ID: 3028
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Validations
Template: S.22.01
Status: Final
Date of submission: 11 Mar 2024
Question
Regarding these new fields what should we refer to: Log Eiopa or the validation rule provided in the xbrl?
New taxonomy 2.8.0 has introduced two new fields: C0010-C0100/R0120 and C0010-C0100/R0130 related to SCR and MCR ratios, but the formula requested by Log Eiopa states division operations while, for the other fields above in those columns, (for example C0070/R0100, it shall be a difference, not a division operation). In this way an inconsistency is created because we are not following the same approach as the fields that make up the values with the volatility/matching adjustments set to zero. In my opinion these two fields should also be differences between the ratios. Instead, if we see the Eiopa business validations BV60 the calculations follow our believe: "BV60: The item "Impact of transitional on technical provisions" reported in S.22.01 - Impact of long term guarantees measures and transitionals must be equal to the difference between the value of "Without transitional on technical provisions" and the value of "Amount with LTG measures and transitionals" and with also these new fields in scope.
EIOPA answer
BV60 has been deactivated.