Question ID: 46
Regulation Reference: Guidelines on submission of information to NCAs (Preparatory phase)
Article: 35
Template: S.02.02
Status: Final
Date of submission: 19 May 2014
Question
S.02.02 Assets and liabilities by currency
If our assets and liabilities are more than 90% Sterling I understand that I have sufficient coverage and I can report everything as Sterling.
Is that what you expect?
EIOPA answer
According to paragraph 5. of Annex I of the Guidelines on Submission of Information if an undertaking have more than 90% of assets and liabilities in one single currency the template S.02.02 does not have to be reported.