Question ID: 628
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Status: Final
Date of submission: 27 May 2016
Question
Distinction between reporting accuracy and validation acuracy.
Can you please confirm that the table on page 11 of document EIOPA-15-253 paragraph S.2.18.(c) defines a distinction between reporting accuracy and validation accuracy. And am I correct in reading in line b. that the reporting accuracy for the templates where the data type is monetary is in units with 0 decimals, the validation accuracy depends on the amount and can go as high as 9999 for amounts in 100 mln.
Also am I correct in assuming that where the total of an investment type in an investment portfolio is higher than 100 mln, the validation between the detailed list of assets and the balance sheet will not produce a validation error until the difference is higher than 9999.
EIOPA answer
The referred filing rule S.2.18(c) describes the required accuracy of the reported figures relevant for the XBRL business validations when the data is transmitted with the EIOPA XBRL taxonomy. Please see section VII.2 of the same document, the XBRL specification and the Eurofiling FAQ for a better understanding of the behaviour.
In the example that you mention, for reported figures >=100 000 000 with @decimals attribute -4 the tolerance for calculations will be +-5000.