Question ID: 3134
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision, (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Topic: Reporting Templates
Article: 107 & 112 of DR 2015/35
Template: S.26.02
Status: Final
Date of submission: 01 Aug 2024
Question
In QRT S.26.02 (Solvency Capital Requirement — Counterparty default risk), the application of simplifications is required to be reported in R0010/C0010. However, the following two simplifications are not part of the option list. If only these two simplification are applied in counterparty default risk calculation, how should the field R0010/C0010 be filled out? Should option "9 - Simplifications not used" be selected? - Simplification in Article 107 of DA 2015/35 (simplified calculation of risk mitigation effect of reinsurance arrangements) - Simplification in Article 112 of DA 2015/35 (simplified calculation of the risk adjusted value of collateral)
EIOPA answer
EIOPA confirms that in the case described option 9 - Simplifications not used is to be selected.