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Document 32017R2190
Commission Implementing Regulation (EU) 2017/2190 of 24 November 2017 amending and correcting Implementing Regulation (EU) 2015/2452 laying down implementing technical standards with regard to the procedures, formats and templates of the solvency and financial condition report according to Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance. )
Commission Implementing Regulation (EU) 2017/2190 of 24 November 2017 amending and correcting Implementing Regulation (EU) 2015/2452 laying down implementing technical standards with regard to the procedures, formats and templates of the solvency and financial condition report according to Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance. )
Commission Implementing Regulation (EU) 2017/2190 of 24 November 2017 amending and correcting Implementing Regulation (EU) 2015/2452 laying down implementing technical standards with regard to the procedures, formats and templates of the solvency and financial condition report according to Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance. )
C/2017/7754
OJ L 310, 25.11.2017, p. 30–45
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
No longer in force, Date of end of validity: 30/12/2023; Implicitly repealed by 32023R0895
25.11.2017 |
EN |
Official Journal of the European Union |
L 310/30 |
COMMISSION IMPLEMENTING REGULATION (EU) 2017/2190
of 24 November 2017
amending and correcting Implementing Regulation (EU) 2015/2452 laying down implementing technical standards with regard to the procedures, formats and templates of the solvency and financial condition report according to Directive 2009/138/EC of the European Parliament and of the Council
(Text with EEA relevance)
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Directive 2009/138/EC of 25 November 2009 of the European Parliament and of the Council on the taking up and pursuit of the business of Insurance and Reinsurance (Solvency II) (1), and in particular the fourth paragraph of Article 56 and Article 256(5) thereof,
Whereas:
(1) |
It is necessary to facilitate consistent disclosure and to improve the quality of the information disclosed as provided for by Commission Implementing Regulation (EU) 2015/2452 (2). |
(2) |
The provisions in this Regulation are closely linked to each other, since they deal with the procedures and templates for the disclosure of the solvency and financial condition report. To ensure coherence between those provisions, which should enter into force at the same time, and to facilitate a comprehensive view and access to them by persons subject to those obligations, including investors that are non-Union residents, it is desirable to include all the implementing technical standards required by Articles 56 and 256(5) of Directive 2009/138/EC in a single Regulation. |
(3) |
This Regulation is based on the draft implementing technical standards submitted by the European Supervisory Authority (European Insurance and Occupational Pensions Authority, EIOPA) to the Commission. |
(4) |
EIOPA has followed the procedure laid down in Article 15 of Regulation (EU) No 1094/2010 of the European Parliament and of the Council (3) to develop the draft implementing technical standards, conducted open public consultations on the draft on which this Regulation is based, analysed the potential related costs and benefits and requested the opinion of the Insurance and Reinsurance Stakeholder Group established by Article 37 of Regulation (EU) No 1094/2010. |
(5) |
Implementing Regulation (EU) 2015/2452 should therefore be amended accordingly. |
(6) |
Several minor drafting errors in the instructions of the templates included in the text of Regulation (EU) 2015/2452 should be also corrected, |
HAS ADOPTED THIS REGULATION:
Article 1
Amending provisions
Annexes II and III to Implementing Regulation (EU) 2015/2452 are amended in accordance with Annex I to this Regulation.
Article 2
Correcting provisions
Annexes I, II and III to Implementing Regulation (EU) 2015/2452 are corrected in accordance with Annex II to this Regulation.
Article 3
Entry into force
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 24 November 2017.
For the Commission
The President
Jean-Claude JUNCKER
(1) OJ L 335, 17.12.2009, p. 1.
(2) Commission Implementing Regulation (EU) 2015/2452 of 2 December 2015 laying down implementing technical standards with regard to the procedures, formats and templates of the solvency and financial condition report in accordance with Directive 2009/138/EC of the European Parliament and of the Council (OJ L 347, 31.12.2015, p. 1285).
(3) Regulation (EU) No 1094/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/79/EC (OJ L 331, 15.12.2010, p. 48).
ANNEX I
1.
Both Annexes II and III to Implementing Regulation (EU) 2015/2452 are amended as follows:
(a) |
In section S.05.01, General comments, the second paragraph is replaced by the following: ‘This template shall be reported from an accounting perspective, i.e.: Local GAAP or IFRS if accepted as local GAAP but using SII lines of business. Undertakings shall use the recognition and valuation basis as for the published financial statements, no new recognition or re-valuation is required except for the classification between investment contracts and insurance contracts when this is applicable in the financial statements. This template shall include all insurance business regardless of the possible different classification between investment contracts and insurance contracts applicable in the financial statements.’ |
2.
Annex II to Implementing Regulation (EU) 2015/2452 is amended as follows:
(a) |
In section S.05.02 — General comments — the third paragraph is replaced by the following: ‘The template is based on a year-to-date basis. Undertakings shall use the recognition and valuation basis as for the published financial statements, no new recognition or re-valuation is required except for the classification between investment contracts and insurance contracts when this is applicable in the financial statements. This template shall include all insurance business regardless of the possible different classification between investment contracts and insurance contracts applicable in the financial statements.’ |
3.
Annex III to Implementing Regulation (EU) 2015/2452 is amended as follows:
(a) |
In section S.05.02 — General comments — the second paragraph is replaced by the following: ‘This template shall be disclosed from an accounting perspective, i.e.: Local GAAP or IFRS if accepted as local GAAP. The template is based on a year-to-date basis. Undertakings shall use the recognition and valuation basis as for the published financial statements, no new recognition or re-valuation is required except for the classification between investment contracts and insurance contracts when this is applicable in the financial statements. This template shall include all insurance business regardless of the possible different classification between investment contracts and insurance contracts applicable in the financial statements.’ |
ANNEX II
1.
Annex I to Implementing Regulation (EU) 2015/2452 is corrected as follows:
(a) |
In template S.19.01.21, row Z0010 is replaced by the following row:
’; |
(b) |
In template S.23.01.01.R0230, the entire row is replaced by the following:
’; |
(c) |
In template S.23.01.22.R0220, the entire row is replaced by the following:
’; |
(d) |
In template S.23.01.22.R0240, the entire row is replaced by the following:
’; |
(e) |
In template S.23.01.22.R0330, the following row is inserted after R0320:
’; |
(f) |
In templates S.23.01.22.R0350 and S.23.01.22.R0340, the entire rows are replaced by the following:
’; |
(g) |
In template S.23.01.22.R0410, the entire row is replaced by the following:
’; |
(h) |
In template S.23.01.22.R0440, the entire row is replaced by the following:
’; |
(i) |
In template S.23.01.22.R0770, the entire row is replaced by the following:
’; |
(j) |
In template S.23.01.22.R0780, the entire row is replaced by the following:
’; |
(k) |
In template S.23.01.22.R0790, the entire row is replaced by the following:
’; |
(l) |
In template S.25.01.21, ‘C0100’ Simplifications is replaced by ‘C0120’; |
(m) |
In templates S.25.01.22, S.25.02.21, S.25.02.22.C0080 is replaced by C0090, and C0090 by C0120; |
(n) |
In templates S.25.02.21, S.25.02.22, S.25.03.21 and S.25.03.22,R0420, the entire row is replaced by the following:
’; |
(o) |
In template S.25.02.22, before ‘Minimum consolidated group solvency capital requirement, R0470’, the following rows are deleted:
|
(p) |
In template S.25.03.22, before ‘Capital requirement for other financial sectors (Non-insurance capital requirements) — Credit institutions, investment firms and financial institutions, alternative investment funds managers, UCITS management companies, R0510’, the following rows are deleted:
|
2.
Both Annexes II and III to Implementing Regulation (EU) 2015/2452 are corrected as follows:
(a) |
In template S.05.01.C0010 to C0120/R0410, the row is replaced by the following:
|
(b) |
In template S.05.01.C0010 to C0120/R0420, the row is replaced by the following:
|
(c) |
In template S.05.01.C0130 to C0160/R0430, the row is replaced by the following:
|
(d) |
In template S.05.01.C0010 to C0160/R0440, the row is replaced by the following:
|
(e) |
In template S.05.01.C0010 to C0160/R0500, the row is replaced by the following:
|
(f) |
In template S.05.01.C0210 to C0280/R1710, the row is replaced by the following:
|
(g) |
In template S.05.01.C0210 to C0280/R1720, the row is replaced by the following:
|
(h) |
In template S.05.01.C0210 to C0280/R1800, the row is replaced by the following:
|
(i) |
In template S.05.02.C0080 to C0140/R0410, the row is replaced by the following:
|
(j) |
In template S.05.02.C0080 to C0140/R0420, the row is replaced by the following:
|
(k) |
In template S.05.02.C0080 to C0140/R0430, the row is replaced by the following:
|
(l) |
In template S.05.02.C0080 to C0140/R0440, the row is replaced by the following:
|
(m) |
In template S.05.02.C0080 to C0140/R0500, the row is replaced by the following:
|
(n) |
In template S.05.02.C0220 to C0280/R1710, the row is replaced by the following:
|
(o) |
In template S.05.02.C0220 to C0280/R1720, the row is replaced by the following:
|
(p) |
In template S.05.02.C0220 to C0280/R1800, the row is replaced by the following:
|
(q) |
In template S.22.01.C0010/R0010, the row is replaced by the following:
|
(r) |
In template S.22.01.C0030/R0010, the row is replaced by the following:
|
(s) |
In template S.22.01.C0050/R0010, the row is replaced by the following:
|
(t) |
In template S.22.01.C0070/R0010, the row is replaced by the following:
|
(u) |
In template S.22.01.C0090/R0010, the row is replaced by the following:
|
(v) |
In template S.22.01.C0050/R0020, the row is replaced by the following:
|
(w) |
In template S.22.01.C0070/R0020, the row is replaced by the following:
|
(x) |
In template S.22.01.C0090/R0020, the row is replaced by the following:
|
(y) |
In template S.22.01.C0050/R0050, the row is replaced by the following:
|
(z) |
In template S.22.01.C0070/R0050, the row is replaced by the following:
|
(aa) |
In template S.22.01.C0090/R0050, the row is replaced by the following:
|
(bb) |
In template S.22.01.C0050/R0090, the row is replaced by the following:
|
(cc) |
In template S.22.01.C0070/R0090, the row is replaced by the following:
|
(dd) |
In template S.22.01.C0090/R0090, the row is replaced by the following:
|
(ee) |
In template S.22.01.C0050/R0100, the row is replaced by the following:
|
(ff) |
In template S.22.01.C0070/R0100, the row is replaced by the following:
|
(gg) |
In template S.22.01.C0090/R0100, the row is replaced by the following:
|
(hh) |
In template S.22.01.C0050/R0110, the row is replaced by the following:
|
(ii) |
In template S.22.01.C0070/R0110, the row is replaced by the following:
|
(jj) |
In template S.22.01.C0090/R0110, the row is replaced by the following:
|
(kk) |
In templates S.25.01 and S.25.02, references to C0080 are replaced by C0090, and references to C0090 are replaced by C0120; |
(ll) |
In template S.25.02.C0030, the row is replaced by the following:
|
3.
Annex II to Implementing Regulation (EU) 2015/2452 is corrected as follows:
(a) |
In template S.19.01.C0170/R0100 to R0260, the row is replaced by the following:
|
(b) |
In template S.19.01.C0360/R0100 to R0260, the row is replaced by the following:
|
(c) |
In section S.12.01, in the part entitled ‘Amount of the transitional on Technical provisions’, the second paragraph of the Instructions is replaced by the following: ‘This value shall be disclosed as a negative value when it reduces the technical provisions.’; |
(d) |
In template S.17.01.C0020 to C0170/R0290, C0180/R0290, C0020 to C0170/R0300, C0180/R0300, C0020 to C0170/R0310 and C0180/R0310, the second paragraph is replaced by the following: ‘This value shall be disclosed as a negative value when it reduces the technical provisions.’; |
(e) |
The following row is added after description in template S.23.01.01.R0230/C0040:
|
4.
Annex III to Implementing Regulation (EU) 2015/2452 is corrected as follows:
(a) |
The following row is added after description in template S.23.01.R0440/C0040:
|
(b) |
In template S.23.01.R0680/C0010, the row is replaced by the following:
|
(c) |
In template S.25.01.R0220/C0100, the row is replaced by the following:
|
(d) |
In template S.25.01.R0500/C0100, row is replaced by the following:
|
(e) |
In template S.25.01.R0570/C0100, the row is replaced by the following:
|
(f) |
In template S.25.02.R0220/C0100, the row is replaced by the following:
|
(g) |
In template S.25.02.R0500/C0100, the row is replaced by the following:
|
(h) |
In template S.25.02.R0570/C0100, the row is replaced by the following:
|