Question ID: 540
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Status: Final
Date of submission: 05 Feb 2016
Question
In the "EIOPA_SolvencyII_Validations_2.0.1" document published on 16 Dec 15 against BV90 the validation is given as "{r0290/c0020}={r0010}+{r0030}+{r0040}+{r0070}+{r0130}+{r0180}+{r0200}-{r0280}" and for BV89 it is given as "{r0290/C0010}={r0010}+sum({(r0030-0050)})+{r0070}+{r0090}+{r0110}+{r0130}+{r0140}+{r0160}+{r0180}+{r0200}-{r0220}-{r0280}". It seems that deduction of r0220/C0020 part is missing in BV90 which is there in the BV89. Also in the preparatory phase this validation included deduction of this part with the QRI ref "B502". PLease clarify what is the correct validation for BV90?
EIOPA answer
Validation BV89 and BV90 are correct.
In BV90 the row R0220 is not deducted because it cannot be filled in for C0020.
In the final Solvency II package the “Own funds from the financial statements that should not be represented by the reconciliation reserve and do not meet the criteria to be classified as Solvency II own funds” are not reported by tiers, only the total amount (C0010) should be reported. This is why for the BV89 (which applies to C0010) the deduction of R0220 was kept.