Question ID: 703
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.06.02
Status: Final
Date of submission: 06 Jul 2016
Question
We do have a question regarding QRT S.06.02 (List of Assets) and are looking forward to receive your assessment.
Following situation: An insurance undertaking purchased positions of the same security (e.g. bond) at two different dates. That means everything is equal: ISIN (Asset Code), Country of Custody, Portfolio, …. The only differences between the two positions affect the absolute values, e.g.
• Acquisition value
• Total Solvency II amount
• Accrued interest
In the Log-Files of QRT S.06.02 is described:
“On the table Information on positions held, each asset shall be reported separately in as many lines as needed in order to properly fill in all variables requested in that table. If for the same asset two values can be attributed to one variable, then this asset needs to be reported in more than one line.
On the table Information on assets, each asset shall be reported separately, with one line for each asset, filling in all applicable variables requested in that table.”
Does it mean, that the two positions of the security must be reported in two lines on the table Information on positions held or should the positions be aggregated and reported in only one line?
EIOPA answer
In fact the text was not clear enough.
Please note that the following correction will be published:
In S.06.02. General comments the 6th paragraph shall be replaced by the following:
“On the table Information on positions held, each asset shall be reported separately in as many lines as needed in order to properly fill in all non-monetary variables with the exception of item “Quantity”, requested in that table. If for the same asset two values can be attributed to one variable, then this asset needs to be reported in more than one line.”