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(3)
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Annex II to Implementing Regulation (EU) 2015/2450 is corrected as follows:
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(a)
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In S.12.01.Z0030 the second paragraph of the instructions are replaced by the following:
‘When item Z0020 = 2, then report ‘0’’;
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(b)
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In S.12.01 the first column of instructions corresponding to R0340 is replaced by the following:
‘C0020, C0030, C0060, C0090, C0100, C0160, C0190, C0200/R0340’;
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(c)
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In S.12.01.C0020, C0030, C0060, C0090, C0100, C0160, C0190, C0200/R0110, C0150/R0110, C0210/R0110, C0020, C0030, C0060, C0090, C0100, C0160, C0190, C0200/R0120, C0150/R0120, C0210/R0120, C0020, C0030, C0060, C0090, C0100, C0160, C0190, C0200/R0130, C0150/R0130 and C0210/R0130 the second paragraph of the instructions is replaced by the following:
‘This value shall be reported as a negative value when it reduces the technical provisions.’;
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(d)
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In S.14.01.C0180 the label is replaced by the following:
‘Best Estimate and Technical Provisions as a whole’;
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(e)
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In S.14.01.C0180 the instructions are replaced by the following:
‘Amount of gross best estimate and Technical Provisions as a whole calculated by Homogenous Risk Group’;
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(f)
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In S.16.01, in the general comments, the following is deleted in the instructions (8th paragraph):
‘Amounts shall be reported by year of occurrence of the accidents that have originated the claims associated to annuities.’;
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(g)
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In S.16.01.Z0030 the first paragraph of the instructions is replaced by the following:
‘Identify the ISO 4217 alphabetic code of the settlement currency of the obligation. All amounts, not reported by currency, are reported in the undertaking's reporting currency.’;
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(h)
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In S.16.01.C0010/R0030 and C0070/R0040-R0190, at the end of the instructions the following is added:
‘Information should be considered gross of reinsurance.’;
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(i)
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In S.16.01.C0080/R0040-R0190, the instructions are replaced by the following:
‘Undiscounted development result calculated as the undiscounted annuity claims provisions at the start of year N, minus annuity payments paid during year N and minus undiscounted annuity claims provisions at the end of year N.’;
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(j)
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In S.17.01.Z0030, the second paragraph of the instructions is replaced by the following:
‘When item Z0020 = 2, then report ‘0’’;
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(k)
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In 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 reported as a negative value when it reduces the technical provisions.’;
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(l)
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In S.19.01.C0180/R0100 to R0260 the instructions are replaced by the following:
‘Total ‘Sum of all years’ contains the sum of all data in rows (sum of all payments referred to the accident/underwriting year), including total.’;
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(m)
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In S.23.01 the row R0230/C0050 is added after R0230/C0040:
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‘R0230/C0050
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Deduction for participations in financial and credit institutions — Tier 3
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This is the amount of the deduction for participations in financial and credit institutions that are deducted from Tier 3 in accordance with article 68 of Delegated Regulation (EU) 2015/35.’
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(n)
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In S.23.01.R0500/C0010 the instructions are replaced by the following:
‘This is the sum of all basic own fund items, after deductions, and ancillary own fund items that meet the Tier 1, Tier 2 and Tier 3 criteria and that are therefore available to meet the SCR.’;
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(o)
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In S.23.01.R0500/C0020 the instructions are replaced by the following:
‘This is the sum of all basic own fund items, after deductions, that meet the criteria to be included in Tier 1 unrestricted items and that are therefore available to meet the SCR.’;
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(p)
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In S.23.01.R0500/C0030 the instructions are replaced by the following:
‘This is the sum of all basic own fund items, after deductions, that meet the criteria to be included in Tier 1 restricted items and that are therefore available to meet the SCR.’;
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(q)
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In S.23.01.R0500/C0040 the instructions are replaced by the following:
‘This is the sum of all basic own fund items, after deductions, and ancillary own fund items that meet the criteria to be included in Tier 2 and that are therefore available to meet the SCR.’;
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(r)
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In S.23.01.R0500/C0050 the instructions are replaced by the following:
‘This is the sum of all basic own fund items, after deductions, and ancillary own fund items that meet the criteria to be included in Tier 3 and that are therefore available to meet the SCR.’;
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(s)
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In S.23.01.R0510/C0010 the instructions are replaced by the following:
‘This is the sum of all basic own fund items, after deductions, that meet the Tier 1 and Tier 2 criteria and that are therefore available to meet the MCR.’;
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(t)
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In S.23.01.R0510/C0020 the instructions are replaced by the following:
‘This is the sum of all basic own fund items, after deductions, that meet the criteria to be included in Tier 1 unrestricted items and that are therefore available to meet the MCR.’;
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(u)
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In S.23.01.R0510/C0030 the instructions are replaced by the following:
‘This is the sum of all basic own fund items, after deductions, that meet the criteria to be included in Tier 1 restricted items and that are therefore available to meet the MCR.’;
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(v)
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In S.23.01.R0510/C0040 the instructions are replaced by the following:
‘This is the sum of all basic own fund items, after deductions, that meet the criteria to be included in Tier 2 and that are therefore available to meet the MCR.’;
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(w)
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In S.24.01.C0030, S.24.01.C0100, S.24.01.C0250, S.24.01.C0320, S.24.01.C0390, S.24.01.C0460, S.24.01.C0530 the second paragraph is replaced by the following:
‘When the same Asset ID Code needs to be reported for one asset that is issued in 2 or more different currencies and the code in C0040 is defined by Asset ID code and the ISO 4217 alphabetic code of the currency, the Asset ID Code Type shall refer to option 99 and the option of the original Asset ID Code, as in the following example for which the code reported was ISIN code + currency: ‘99/1’.’;
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(x)
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In S.29.01.01 — R0200 the title is replaced by the following:
‘Variations due to net technical provisions’;
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(y)
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In S.29.02.C0010/R0030 the second bullet point of the first paragraph of the instructions is replaced by the following:
‘For those financial and subordinated liabilities redeemed during the reporting period, the difference between the redemption price and the Solvency II value as at the end of the last reporting period;’;
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(z)
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In S.29.03.C0010–C0020/R0090; C0050-C0060/R0240 the first bullet point of the second paragraph of the instructions is replaced by the following:
‘Consider the opening Best Estimate (cell C0010/R0010) including the adjustment to opening Best Estimate (cell C0010/R0010 to R0040) and the impact of unwinding of year N projected cash–flows (C0010/R0060 to R0080 and C0020/R0060 to R0080 respectively);’;
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(aa)
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In S.29.04.Z0010 the instructions are replaced by the following:
‘Lines of business (LoB) for which a split of the analysis per period will be required. The following close list shall be used:
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1 — 1 and 13 Medical expense insurance
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2 — 2 and 14 Income protection insurance
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3 — 3 and 15 Workers' compensation insurance
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4 — 4 and 16 Motor vehicle liability insurance
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5 — 5 and 17 Other motor insurance
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6 — 6 and 18 Marine, aviation and transport insurance
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7 — 7 and 19 Fire and other damage to property insurance
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8 — 8 and 20 General liability insurance
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9 — 9 and 21 Credit and suretyship insurance
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10 — 10 and 22 Legal expenses insurance
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11 — 11 and 23 Assistance
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12 — 12 and 24 Miscellaneous financial loss
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25 — Non-proportional health reinsurance
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26 — Non-proportional casualty reinsurance
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27 — Non-proportional marine, aviation and transport reinsurance
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28 — Non-proportional property reinsurance
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37 — Life (including lines of business 29 to 34, as defined in Annex I to Delegated Regulation (EU) 2015/35)
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38 — Health SLT (including lines of business 35 and 36)’;
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(bb)
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In S.30.01.C0310 the instructions are replaced by the following:
‘The sum reinsured on a facultative basis is that part of the sum insured which is reinsured on a facultative basis. The amount shall be consistent with the Sum insured as specified in C0290 and reflects the maximum liability (100 %) for the facultative reinsurers.’;
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(cc)
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In S.30.02.C0090 the instructions are replaced by the following:
‘Representing the activities of the broker involved, as considered by the undertaking. In case the activities are combined all activities must be mentioned separated by a ‘,’:
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1 — Intermediary for placement
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2 — Underwriting on behalf of
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(dd)
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In S.30.02.C0220 the instructions are replaced by the following:
‘Representing the activities of the broker involved, as considered by the undertaking. In case the activities are combined all activities must be mentioned separated by a ‘,’:
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1 — Intermediary for placement
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2 — Underwriting on behalf of
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(ee)
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In S.30.02.C0350 at the end of the instructions the following is added:
‘One of the options in the following closed list shall be used:
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0 — Credit quality step 0
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1 — Credit quality step 1
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2 — Credit quality step 2
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3 — Credit quality step 3
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4 — Credit quality step 4
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5 — Credit quality step 5
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6 — Credit quality step 6
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9 — No rating available’;
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(ff)
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In S.30.04.C0090 the instructions are replaced by the following:
‘Representing the activities of the broker involved, as considered by the undertaking. In case the activities are combined all activities must be mentioned separated by ‘,’:
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1 — Intermediary for placement
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2 — Underwriting on behalf of
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(gg)
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In S.30.04.C0310 the instructions are replaced by the following:
‘Identification of the code used for the ‘Collateral provider’ item. One of the options in the following closed list shall be used:
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(hh)
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In S.36.03 the second paragraph of the general comments is replaced by the following:
‘The purpose of this template is to collect information on all IGTs (significant, very significant and transactions required to be reported in all circumstances) related to internal reinsurance within a group identified according to Article 213(2)(d) of Directive 2009/138/EC. These include, but are not limited to:’.
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No longer in force, Date of end of validity: 30/12/2023; Arna aisghairm go hintuigthe ag 32023R0894
, where