Question ID: 362
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.06.03
Status: Final
Date of submission: 11 Nov 2015
Question
It is stated in general comments, that the S.06.03 annex relates to quarterly and annual submission of information for groups and it should contain all collective investment undertakings in the undertaking's portfolio at the reporting date, and for each collective investment undertakings its assets should be grouped into underlying asset categories, taking also into consideration country of issue and currency and a look through approach.
We would like to ask whether it is possible to exclude from the report these collective investment undertakings, for which the highest risk margins (type II equities) have been applied in MCR/SCR calculation.
EIOPA answer
It should be noted that template S.06.03 does not only serve SCR supervision, but serves also the supervision of the prudent person principle for which a risk based approach is needed.
By default all collective investment undertakings or investments packaged as funds have to be subject to look-through as described in the instructions document. Specific situations might be discussed with the National Supervisory Authority.