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European Insurance and Occupational Pensions Authority

766

Q&A

Question ID: 766

Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities

Article: 35

Template: S.17.01

Status: Final

Date of submission: 05 Aug 2016

Question

I am wondering why the validation R0040 = R0050 + R0060 + R0070 (for selected columns) is not defined by the EIOPA (it is missing in the list of validations)? This type of validation is introduced for the S.17.01.01 (technical provisions non-life).

Do you ommited this validation willingly or is it missing and will be added?

EIOPA answer

On validations, at the time of the publication of the Guidelines on Reporting and Disclosure, EIOPA believed that validations to be complied with when submitting information to supervisors are crucial as they ensure data quality.

However it also recognised that it is crucial to design and implement proper validations and avoid any mistakes in this area as this might endanger the ability of the supervisors systems to receive the correct information. For this reason and also reflecting lessons learned from previous processes, including the preparatory phase, EIOPA has decided to take a step-by-step approach in implementing the validations. This means that the file published together with the Final Report reflected only a subset of the validations publicly consulted. The remaining validations will continue to be revised and will be incorporated in the document within a timetable to be announced in future.
The non-inclusion of the validation in the question was part of this step-by-step process.