Question ID: 989
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35, 253
Template: S.28.02
Status: Final
Date of submission: 27 Apr 2017
Question
When a composite undertaking is subject to paragraph 2 of the Article 253 of the Delegated Acts (the gross written premiums for non-life insurance business do not exceed 10 % of total gross written premiums of the undertaking as a whole), what shall be reported in cell C0140/R0550 of the QRT S.28.02 (notional AMCR for Non-life)? Shall it be a nil amount? Or shall it still correspond to 2500000€?
EIOPA answer
In cell C0140/R0550 of the QRT S.28.02 shall be reported EUR 2 500 000 which is the amount defined in article 129(1)d(i) of Directive 2009/138/EC.
Only in C0130/R0350 Article 253 of the Delegated regulation should be taken into account for the calculation of the Minimum Capital Requirement.
The Instructions of S.28.02.C0130/R0350 should have referred also to Article 253 of the Delegated Regulation.