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.