Question ID: 667
Regulation Reference: Guidelines on reporting for financial stability purposes
Article: 35
Template: S.14.01
Status: Final
Date of submission: 06 Jul 2016
Question
How to deal with undertakings where D&A method is used for group solvency calculation, e.g. undertakings in the US where the equivalence is granted?
Should S.14.01.10, S.38.01.10, S.40.01.10 and S.41.01.11 (Group QRTs) cover also undertakings included via D&A?
EIOPA answer
Yes, the FS templates referred to in the question do not distinguish between methods and the information reported should include undertakings covered by method 1 (based on consolidated accounts) and method 2 (deduction and aggregation method – D&A).
However, it is acknowledged that when D&A is used, the information reported may require the application of the best effort principle (i.e. Information provided only on a best effort basis).