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This question is referred to the answer to Q&A 2299 (how to assign cic code for ETC (Exchange Traded Commodity) instruments. EIOPA expected that ETCs need to be reported with CIC Category 5 "Structured notes" and the sub-category that fits the risk exposure (like "commodity risk - 56") or "other". But this approach doesn't match with Annex V (Definitions of the CIC Table) Could you please explain criteria to define and ETC like a Structured bond. If I have to report an ETCs (i.e. investing in commodities like gold) and in the fund's prospectus is reported that the securities are “transferable securities” for the purpose of the UCITS Directive why it cannot be defined as cic code 49 or 46?

The guidance for form 30.03 states that the value for C0210 - Limit should be stated as if the contract were to be placed 100%. However for a contract part placed over multiple contracts but with a combined total 100%, This would mean that the total limit would be overstated for each contract. This also causes an issue for requirement C0230 - Maximum cover per risk or event. The guidance states this is equal to the Limit minus Priority. For part placed contracts, if these are stated as if it were to be placed 100% then this will also be overstated.

How is capital requirement for type 1 equities calculated for a long/short equity fund which strategy (written in its documentation) consists in investing long in a portfolio of stocks selected stocks from a given index, and a constant and systematic short future contract position on this index? For instance, with a 90% long position in a basket of 100 stocks selected from the S&P500 index and a 50% short position in the S&P500 future contracts, is the following market SCR formulation correct? SCR long/short fund = 39%*(90-50) This SCR computation relies on the joint hypothesis that (1) future contracts on stock indices meet the requirements set out in Articles 208 to 215 of Commission Delegated Regulation 2015/35, and (2) the market risk of the index is representative of the market risk of the stock portfolio composed of selected stocks from this index.

Please could you give me any links or guidance on SCR models for non life reinsurance under IFRS 17

In order to assess the effect of the Solvency II review, we are currently attempting to determine the volatility adjustment in accordance with the current draft of the Delegated Regulation. Could you please send us the risk-adjusted spread (RCS) as of December 31, 2024, in accordance with the draft?

I am writing to follow up on Question ID 3276, submitted on March 3, 2025, concerning the application of guarantor rating in the calculation of the Basic Solvency Capital Requirement (SCR). We seek clarification on whether the guarantor rating can be applied in a specific case. The issuer Company A, a wholly owned subsidiary of Company B, operates as a special purpose vehicle (SPV) with no material assets or business operations, established solely for the purpose of issuing debt on behalf of Company B.

We would like to request clarification on the application of Article 68 of Commission Delegated Regulation (EU) 2015/35 regarding the treatment of participations for the determination of basic own funds of insurance and reinsurance undertakings.

Paragraph 5 of article 3 states that "financial entities, other than microenterprises, shall establish a role in order to monitor the arrangements concluded with ICT third-party service providers on the use of ICT services, or shall designate a member of senior management as responsible for overseeing the related risk exposure and relevant documentation". Given the Article 3, paragraph 5, of Delegated Regulation 2024/1773, what are the roles and responsabilities that are expected to be covered by the role/member of senior management?

I would like to clarify whether this regulation applies to ICT suppliers in Hong Kong and China, as well as to branches located outside of Europe.