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European Insurance and Occupational Pensions Authority

879

Q&A

Question ID: 879

Regulation Reference: Guidelines on reporting for financial stability purposes

Article: 35

Status: Final

Date of submission: 08 Dec 2016

Question

Log file defines numeritor as  "The amount of discretionary benefits distributed, vested, declared or allotted to policyholders (profit or loss sharing) over the monitoring period (previous year)". How to differentiate the wordings: distributed, vested, declared, allottted? We think the wordings have to be exclusive so that we won't double account them.

EIOPA answer

The reporting template does not ask undertakings to separate between these. The amount should contain the relevant discretionary benefits in aggregate, avoiding any double-counting.