Question ID: 474
Regulation Reference: Guidelines on reporting for financial stability purposes
Article: 35
Status: Final
Date of submission: 13 Jan 2016
Question
When Solvency II goes live on 1 January 2016, several other directives will cease to be relevant for insurers, meaning the reporting under SII replaces old reporting (eg under the IGD - 98/78/EC). For groups which report quarterly key indicators for use in EIOPA's risk dashboards and financial stability reports, can we assume these reports will be no longer required, as QRTs and FSTs will carry all relevant information?
EIOPA answer
The QFT data submission will be phased out and replaced with Solvency II QRT data, with no parallel submissions by (re)insurers. More precisely, the last QFT submission will be February 2016 with reference date Q4 2015.