Question ID: 702
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 4, 35
Template: S.25.01
Status: Final
Date of submission: 17 May 2016
Question
We are applying Method 1: Accounting Consolidation Method to calculate group solvency. Included in our group is a regulated Bank and under Method 1, we include its sectoral capital requirements in the consolidated data.
On the QRT S.25.01.04, we need to include this Sectoral capital before R0220:SCR for undertakings under Consolidated Method.
However could you advise in which line above R0220 we should be adding the Sectoral capital requirements? We note that there is specific line on R0160 where the Capital requirement for business operated in accordance with Art. 4 of Directive 2003/41/EC, should be disclosed. Can this be used used for other financial and credit institutions sectoral capital requirements?
EIOPA answer
As regards S.25.01.04, the value in cell R0220 (Solvency capital requirement for undertakings under consolidated method) should include all elements of the consolidated group SCR. For this reason R0220 should be the sum of the following cells:
R0200 (diversified part of the consolidated SCR, referred to in Article 336 point a) of the Commission Delegated regulation 2015/35),
R0210 (capital add-ons),
R0500 (Article 336 point (c) of the Commission Delegated regulation 2015/35),
R0540 (Article 336 point (b) of the Commission Delegated regulation 2015/35),
R0550 (Article 336 point (d) of the Commission Delegated regulation 2015/35) .
The validation check BV136 will be amended accordingly (the following cells will be added: R0500, R0540 and R0550).
Information on capital requirements of the entities from other financial sectors should not therefore be included in any cell above R0220, but only in cells R0500, R0510, R0520 and R0530, if relevant.