Commission Implementing Regulation (EU) 2015/2451 of 2 December 2015 laying down implementing technical standards with regard to the templates and structure of the disclosure of specific information by supervisory authorities in accordance with Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance) (c. 2451)

Commission Implementing Regulation (EU) 2015/2451

of 2 December 2015

laying down implementing technical standards with regard to the templates and structure of the disclosure of specific information by supervisory authorities in accordance with 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 third subparagraph of Article 31(5) thereof,

Whereas:

(1) In order to foster a uniform level of transparency and accountability of supervisory authorities as well as to ensure that the information disclosed in accordance with Article 31(2) of Directive 2009/138/EC is easily accessible and comparable, it is necessary to provide for common rules regarding the structure and format of the disclosure of such information.

(2) In order to ensure uniform conditions for the disclosure required under points (c) and (d) of Article 31(2) of Directive 2009/138/EC, supervisory authorities should use specific templates.

(3) This Regulation is based on the draft implementing technical standards submitted by the European Insurance and Occupational Pensions Authority to the Commission.

(4) The European Insurance and Occupational Pensions Authority has conducted open public consultations on the draft implementing technical standards 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 in accordance with Article 37 of Regulation (EU) No 1094/2010 of the European Parliament and of the Council(2),

HAS ADOPTED THIS REGULATION:

Modifications etc. (not altering text)

C1 The “appropriate regulator” has power to make such provision as they consider appropriate by means of an instrument in writing to prevent, remedy or mitigate any failure of the provisions of this Regulation to operate effectively or any other deficiency arising from the withdrawal of the United Kingdom from the EU, see The Financial Regulators' Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115), regs. 2, 3, Sch. Pt. 2 para. 100 (with saving on IP completion day by S.I. 2019/680, regs. 1(2), 11; 2020 c. 1, Sch. 5 para. 1(1))

C2 Regulation: power to modify conferred (11.7.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 3, 86(3), Sch. 1 Pt. 3; S.I. 2023/779, reg. 2(d)

Article 1 U.K. Disclosure of information on laws, regulations, administrative rules and general guidance

Supervisory authorities shall present the information to be disclosed under point (a) of Article 31(2) of Directive 2009/138/EC under the following headings:

(a)

Union legislation in the field of insurance regulation that is directly applicable within the territory of the home Member State;

(b)

the texts of national laws, regulations, administrative rules and general guidance in the field of insurance regulation, transposing or based on Union law or otherwise applicable in the home Member State.

Article 2 U.K. Disclosure of information on the supervisory review process

1. Supervisory authorities shall present the information to be disclosed under point (b) of Article 31(2) of Directive 2009/138/EC following the order of the tasks laid down in points (a) to (f) of Article 36(2) of Directive 2009/138/EC.

2. As part of that disclosure supervisory authorities shall provide a general overview of the manner in which they conducted the review and evaluation provided for in Article 36 of Directive 2009/138/EC.

Article 3 U.K. Disclosure of information on aggregate statistical data

Supervisory authorities providing information required under point (c) of Article 31(2) of Directive 2009/138/EC, Article 316 of Commission Delegated Regulation (EU) 2015/35(3), and Annex XXI to that Delegated Regulation, shall disclose that information using the template set out in Annex I in accordance with the instructions laid down in Annex II.

Article 4 U.K. Disclosure of information on the exercise of options under Directive 2009/138/EC

Supervisory authorities providing information required under point (d) of Article 31(2) of Directive 2009/138/EC shall disclose that information using the template set out in Annex III.

Article 5 U.K. Disclosure of information on supervisory objectives, functions and activities

Supervisory authorities shall present the information disclosed under point (e) of Article 31(2) of Directive 2009/138/EC under the following headings:

(a)

supervisory objectives;

(b)

main supervisory functions;

(c)

main areas of ongoing or planned supervisory activity.

Article 6 U.K. Structure of disclosure on the website of the supervisory authority

When making the information specified in Article 31(2) of Directive 2009/138/EC available online, supervisory authorities shall ensure that such information is presented under the following headings:

(a)

‘Laws, regulations, administrative rules and general guidance’ with regard to the requirement under point (a) of Article 31(2) of Directive 2009/138/EC;

(b)

‘The supervisory review process’ with regard to the requirement under point (b) of Article 31(2) of Directive 2009/138/EC;

(c)

‘Aggregate statistical data’ with regard to the requirement under point (c) of Article 31(2) of Directive 2009/138/EC;

(d)

‘The exercise of options under Directive 2009/138/EC’ with regard to the requirement under point (d) of Article 31(2) of Directive 2009/138/EC;

(e)

‘Supervisory objectives, main functions and activities’ with regard to the requirement under point (e) of Article 31(2) of Directive 2009/138/EC.

Article 7 U.K. 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, 2 December 2015.

For the Commission

The President

Jean-Claude Juncker

ANNEX I U.K. TEMPLATES FOR THE DISCLOSURE OF AGGREGATE STATISTICAL DATA

The disclosure of aggregate statistical data referred to in Article 3 shall be performed using Templates A, B, C and D below.

TEMPLATE A FOR THE DISCLOSURE OF AGGREGATE STATISTICAL DATA WITH REGARD TO INSURANCE AND REINSURANCE UNDERTAKINGS SUPERVISED UNDER DIRECTIVE 2009/138/EC U.K.

a Data on the Solvency Capital Requirement by risk module and sub-module does not include information on undertakings with ring-fenced funds or matching portfolios, since data on the Solvency Capital Requirement is only available at entity level for these undertakings due to the nature of the calculation.
Cell Number	Item	31.12.(x-4)					31.12.(x-3)					31.12.(x-2)					31.12.(x-1)
		All insurance and reinsurance undertakings	Life insurance undertakings	Non-life insurance undertakings	Insurance undertakings which simultaneously pursue both life and non-life insurance activities	Reinsurance undertakings	All insurance and reinsurance undertakings	Life insurance undertakings	Non-life insurance undertakings	Insurance undertakings which simultaneously pursue both life and non-life insurance activities	Reinsurance undertakings	All insurance and reinsurance undertakings	Life insurance undertakings	Non-life insurance undertakings	Insurance undertakings which simultaneously pursue both life and non-life insurance activities	Reinsurance undertakings	All insurance and reinsurance undertakings	Life insurance undertakings	Non-life insurance undertakings	Insurance undertakings which simultaneously pursue both life and non-life insurance activities	Reinsurance undertakings
TYPES OF UNDERTAKINGS
AS1a	The number of insurance and reinsurance undertakings
AS1b	The number of branches as referred to in Article 13(11) of Directive 2009/138/EC established in the Member State of the supervisory authority
AS1c	The number of branches as referred to in Article 162(3) of Directive 2009/138/EC established in the Member State of the supervisory authority
AS2	The number of Union branches of insurance and reinsurance undertakings established in the Member State of the supervisory authority carrying out relevant business in one or more other Member States
AS3	The number of insurance undertakings established in the Member State of the supervisory authority pursuing business in other Member States under the freedom to provide services					N/A					N/A					N/A					N/A
AS4a	The number of insurance undertakings established in other Member States which have notified their intention to pursue business in the Member State of the supervisory authority under the freedom to provide services					N/A					N/A					N/A					N/A
AS4b	The number of insurance undertakings established in other Member States which actually pursue business in the Member State of the supervisory authority under the freedom to provide services					N/A					N/A					N/A					N/A
AS5	The number of insurance and reinsurance undertakings falling outside the scope of Directive 2009/138/EC
AS6	The number of special purpose vehicles authorised in accordance with Article 211 of Directive 2009/138/EC from insurance and reinsurance undertakings		N/A					N/A					N/A					N/A
AS7	The number of insurance and reinsurance undertakings subject to reorganisation measures or winding-up proceedings
USE OF ADJUSTMENTS OR TRANSITIONAL MEASURES BY UNDERTAKINGS
AS8	The number of insurance and reinsurance undertakings and the number of their portfolios where the matching adjustment referred to in Article 77b of Directive 2009/138/EC is applied
AS9	The number of insurance and reinsurance undertakings applying the volatility adjustment referred to in Article 77d of Directive 2009/138/EC
AS10	The number of insurance and reinsurance undertakings applying the transitional risk-free interest rate term structure referred to in Article 308c Directive 2009/138/EC
AS11	The number of insurance and reinsurance undertakings applying the transitional deduction to technical provisions referred to in Article 308d Directive 2009/138/EC
AMOUNTS OF ASSETS, LIABILITIES AND OWN FUNDS
AS12	The total amount of assets of the insurance and reinsurance undertakings valued in accordance with Article 75 of Directive 2009/138/EC
AS12a	Intangible assets
AS12b	Deferred tax assets
AS12c	Pension benefit surplus
AS12d	Property, plant & equipment held for own use
AS12e	Investments (other than assets held for unit-linked and index-linked contracts)
AS12f	Assets held for unit-linked & index-linked contracts
AS12g	Loans & mortgages (except loans on policies)
AS12h	Loans on policies
AS12i	Reinsurance recoverables
AS12j	Deposits to cedants
AS12k	Insurance & intermediaries receivables
AS12l	Reinsurance receivables
AS12m	Receivables (trade, not insurance)
AS12n	Own shares
AS12o	Amounts due in respect of own fund items or initial fund called up but not yet paid in
AS12p	Cash and cash equivalents
AS12q	Any other assets, not elsewhere shown
AS13	The total amount of liabilities of the insurance and reinsurance undertakings valued in accordance with Articles 75 to 86 of Directive 2009/138/EC
AS13a	Technical provisions
AS13b	Other liabilities, excluding subordinated liabilities which are not included in the own funds
AS13c	Subordinated liabilities which are not included in the own funds
AS14a	The total amount of basic own funds
AS14aa	Of which, subordinated liabilities
AS14b	The total amount of ancillary own funds
AS15	The total eligible amount of own funds to cover the Solvency Capital Requirement
AS15a	Tier 1 unrestricted
AS15b	Tier 1 restricted
AS15c	Tier 2
AS15d	Tier 3
AS16	The total eligible amount of basic own funds to cover the Minimum Capital Requirement
AS16a	Tier 1 unrestricted
AS16b	Tier 1 restricted
AS16c	Tier 2
REGULATORY CAPITAL REQUIREMENTS — STANDARD FORMULA
AS17	The total amount of the Minimum Capital Requirement
AS18	The total amount of the Solvency Capital Requirement		N/A					N/A					N/A					N/A
AS19	Total amount of the Solvency Capital Requirement calculated using the standard formula by risk module and sub-module — at the level of aggregation available — expressed as percentage of the total amount of the Solvency Capital Requirementa		N/A					N/A					N/A					N/A
AS19a	Market risk		N/A					N/A					N/A					N/A
AS19aa	Interest rate risk		N/A					N/A					N/A					N/A
AS19ab	Equity risk		N/A					N/A					N/A					N/A
AS19ac	Property risk		N/A					N/A					N/A					N/A
AS19ad	Spread risk		N/A					N/A					N/A					N/A
AS19ae	Market risk concentrations		N/A					N/A					N/A					N/A
AS19af	Currency risk		N/A					N/A					N/A					N/A
AS19b	Counterparty default risk		N/A					N/A					N/A					N/A
AS19c	Life underwriting risk		N/A					N/A					N/A					N/A
AS19ca	Mortality risk		N/A					N/A					N/A					N/A
AS19cb	Longevity risk		N/A					N/A					N/A					N/A
AS19cc	Disability-morbidity risk		N/A					N/A					N/A					N/A
AS19cd	Lapse risk		N/A					N/A					N/A					N/A
AS19ce	Life expense risk		N/A					N/A					N/A					N/A
AS19cf	Revision risk		N/A					N/A					N/A					N/A
AS19cg	Life catastrophe risk		N/A					N/A					N/A					N/A
AS19d	Health underwriting risk		N/A					N/A					N/A					N/A
AS19da	SLT health underwriting risk		N/A					N/A					N/A					N/A
AS19db	NSLT health underwriting risk		N/A					N/A					N/A					N/A
AS19dc	Health catastrophe risk		N/A					N/A					N/A					N/A
AS19e	Non-life underwriting risk		N/A					N/A					N/A					N/A
AS19ea	Non-life premium and reserve risk		N/A					N/A					N/A					N/A
AS19eb	Non-life lapse risk		N/A					N/A					N/A					N/A
AS19ec	Non-life catastrophe risk		N/A					N/A					N/A					N/A
AS19f	Intangible asset risk		N/A					N/A					N/A					N/A
AS19g	Operational risk		N/A					N/A					N/A					N/A
AS20	Total amount of the Solvency Capital Requirement for spread risk and market concentration sub-modules and counterparty default risk module for which a reassessment of the credit quality steps of the larger or more complex exposures has been conducted in accordance with Article 4(5) of Delegated Regulation (EU) 2015/35 — at the level of aggregation available — expressed as percentage of the total amount of the respective sub-modules or module (where the Solvency Capital Requirement for credit risk is calculated using the standard formula)a		N/A					N/A					N/A					N/A
AS20a	Spread risk		N/A					N/A					N/A					N/A
AS20b	Market risk concentration		N/A					N/A					N/A					N/A
AS20c	Counterparty default risk		N/A					N/A					N/A					N/A
REGULATORY CAPITAL REQUIREMENTS — INTERNAL MODELS
AS21	Total amount of the Solvency Capital Requirement calculated using an approved partial internal model — at the level of aggregation available — expressed as percentage of the total amount of the Solvency Capital Requirement		N/A					N/A					N/A					N/A
AS21a	Total amount of the Solvency Capital Requirement calculated using an approved partial internal model which scope includes credit risk in both market and counterparty default risk — at the level of aggregation available — expressed as percentage of the total amount of the Solvency Capital Requirement calculated using partial internal model		N/A					N/A					N/A					N/A
AS22a	The number of insurance and reinsurance undertakings using an approved full internal model for the calculation of the Solvency Capital Requirement		N/A					N/A					N/A					N/A
AS22b	The number of insurance and reinsurance undertakings using an approved partial internal model for the calculation of the Solvency Capital Requirement		N/A					N/A					N/A					N/A
AS22c	The number of insurance and reinsurance undertakings using an approved internal model which scope includes credit risk in both market risk and counterparty default risk		N/A					N/A					N/A					N/A
REGULATORY CAPITAL REQUIREMENTS — CAPITAL ADD-ONS
AS23a	The number of capital add-ons		N/A					N/A					N/A					N/A
AS23b	The average capital add-on per undertaking		N/A					N/A					N/A					N/A
AS23c	The distribution of capital add-ons measured as a percentage of the Solvency Capital Requirement with regard to all insurance and reinsurance undertakings supervised under Directive 2009/138/EC		N/A					N/A					N/A					N/A

TEMPLATE B FOR THE DISCLOSURE OF AGGREGATE STATISTICAL DATA WITH REGARD TO INSURANCE GROUPS SUPERVISED UNDER DIRECTIVE 2009/138/EC U.K.

Cell Number	Item	31.12.(x-4)	31.12.(x-3)	31.12.(x-2)	31.12.(x-1)
TYPES OF GROUPS
AG24	The number of insurance groups of which the supervisory authority is the group supervisor including:
AG24a	The number of insurance and reinsurance subsidiary undertakings at national level
AG24b	The number of insurance and reinsurance subsidiary undertakings in other Member States
AG24c	The number of insurance and reinsurance subsidiary undertakings in third countries:
AG24ca	Of which the number of insurance and reinsurance subsidiary undertakings in equivalent third countries
AG24cb	Of which the number of insurance and reinsurance subsidiary undertakings in non-equivalent third countries
AG25	The number of insurance groups of which the supervisory authority is the group supervisor, where the ultimate parent insurance or reinsurance undertaking or insurance holding company which has its head office in the Union is a subsidiary undertaking of a company which has its head office outside of the Union
AG26	The number of ultimate parent insurance or reinsurance undertakings or insurance holding companies or mixed financial holding companies subject to group supervision at national level by the supervisory authority in accordance with Article 216 of Directive 2009/138/EC, including:
AG26a	Name of such undertaking or holding company
AG26b	The number of its insurance and reinsurance subsidiary undertakings at national level
AG26c	The number of its insurance and reinsurance subsidiary undertakings in other Member States
AG26d	The number of its insurance and reinsurance subsidiary undertakings in third countries
AG26da	Of which, the number of its insurance and reinsurance subsidiary undertakings in equivalent third countries
AG26db	Of which, the number of its insurance and reinsurance subsidiary undertakings in non-equivalent third countries
AG27	The number of ultimate parent insurance or reinsurance undertakings or insurance holding companies subject to group supervision at national level by the supervisory authority in accordance with Article 216 of Directive 2009/138/EC, where another related ultimate parent undertaking at national level is present as referred to in Article 217 of Directive 2009/138/EC
AG28	The number of cross-border insurance groups where the supervisory authority is the group supervisor
ACCOUNTING METHOD AND GROUP OWN FUNDS
AG29	The number of insurance groups that have been allowed to use method 2 or a combination of methods 1 and 2 in accordance with Article 220(2) of Directive 2009/138/EC for the calculation of the solvency at the level of the group
AG30	The total amount of the group eligible own funds for the insurance groups of which the supervisory authority is the group supervisor
AG30a	The total amount of the group eligible own funds calculated in accordance with method 1 as referred to in Article 230(1) of Directive 2009/138/EC for the insurance groups of which the supervisory authority is the group supervisor
AG30b	The total amount of the group eligible own funds calculated in accordance with method 2 as referred to in Article 233 of Directive 2009/138/EC for the insurance groups of which the supervisory authority is the group supervisor
AG30c	The total amount of the group eligible own funds calculated in accordance with the combination of method 1 and method 2 as referred to in Article 220 of Directive 2009/138/EC for the insurance groups of which the supervisory authority is the group supervisor
GROUP SOLVENCY CAPITAL REQUIREMENT
AG31	The total amount of the group Solvency Capital Requirement for the insurance groups of which the supervisory authority is the group supervisor
AG31a	The total amount of the group Solvency Capital Requirement calculated in accordance with method 1 as referred to in Article 230(1) of Directive 2009/138/EC for the insurance groups of which the supervisory authority is the group supervisor for the group Solvency Capital Requirement
AG31b	The total amount of the group Solvency Capital Requirement calculated in accordance with method 2 as referred to in Article 233 of Directive 2009/138/EC for the insurance groups of which the supervisory authority is the group supervisor for the group Solvency Capital Requirement
AG31c	The total amount of the group Solvency Capital Requirement calculated in accordance with a combination of methods 1 and 2 for the insurance groups of which the supervisory authority is the group supervisor for the group Solvency Capital Requirement
GROUP INTERNAL MODELS
AG32a	The number of insurance groups of which the supervisory authority is the group supervisor using an approved full internal model for the calculation of the group Solvency Capital Requirements
AG32aa	Of which, approvals in accordance with Article 230 of Directive 2009/138/EC
AG32ab	Of which, approvals in accordance with Article 231 of Directive 2009/138/EC
AG32b	The number of insurance groups of which the supervisory authority is the group supervisor using an approved partial internal model for the calculation of the group Solvency Capital Requirement
AG32ba	Of which, approvals in accordance with Article 230 of Directive 2009/138/EC
AG32bb	Of which, approvals in accordance with Article 231 of Directive 2009/138/EC

TEMPLATE C FOR THE DISCLOSURE OF QUANTITATIVE AGGREGATE STATISTICAL DATA ON THE SUPERVISORY AUTHORITY U.K.

Cell Number	Item	31.12.(x-4)	31.12.(x-3)	31.12.(x-2)	31.12.(x-1)
STAFF OF THE SUPERVISORY AUTHORITY
B1b	The number of staff at the end of the calendar year
ON-SITE INSPECTIONS
B2a	The total number of on-site inspections undertaken both at solo and group level
B2aa	Of which, the number of regular inspections
B2ab	Of which, the number of ad-hoc inspections
B2ac	Of which, the number of on-site inspections mandated to third parties
B2ad	Of which, the number of on-site inspections under group supervision which were undertaken jointly with other members of the group's College of supervisors
B2ae	Of which, the total number of inspections conducted in order to review and evaluate the reliance of undertakings on external ratings
B2b	The total number of man-days spent on on-site inspections both at solo and group level
B3	The number of formal reviews of ongoing compliance of full or partial internal models with the requirements both at solo and group level
B3a	Of which, the number of reviews conducted in order to review and evaluate the reliance of undertakings on external ratings
INTERNAL MODELS
B4a	The number of partial and of full internal models submitted for approval at solo level
B4aa	Of which, the number of partial and of full internal models which scope includes credit risk in both market risk and counterparty default risk submitted for approval at solo level
B4b	The number of successful applications for approval of partial and of full internal models at solo level
B4ba	Of which, the number of partial and of full internal models which scope includes credit risk in both market risk and counterparty default risk at solo level
B4c	The number of partial and of full internal models submitted for approval at group level
B4ca	Of which, the number of partial and of full internal models which scope includes credit risk in both market risk and counterparty default risk submitted for approval at group level
B4d	The number of successful application for approval of partial and of full internal models at group level
B4da	Of which, the number of partial and of full internal models which scope includes credit risk in both market risk and counterparty default risk at group level
SUPERVISORY MEASURES AND POWERS
B5a	The number of corrective measures taken, as defined by Articles 110 of Directive 2009/138/EC
B5b	The number of corrective measures taken, as defined by Articles 117 of Directive 2009/138/EC
B5c	The number of corrective measures taken, as defined by Articles 119 of Directive 2009/138/EC
B5ca	Of which, the number of corrective measures which were triggered by a deviation of the risk profile of the insurance or reinsurance undertakings with respect to their credit risk
B5d	The number of corrective measures taken, as defined by Articles 137 of Directive 2009/138/EC
B5e	The number of corrective measures taken, as defined by Articles 138 of Directive 2009/138/EC
B5f	The number of corrective measures taken, as defined by Articles 139 of Directive 2009/138/EC
B6	The number of authorisations withdrawn
B7	The number of authorisations granted to insurance or reinsurance undertakings
B9	The number of applications submitted to the supervisory authorities to use the matching adjustment referred to in Article 77b Directive 2009/138/EC.
B9a	Of which, the number of successful applications to use the matching adjustment referred to in Article 77b Directive 2009/138/EC
B10	The number of applications submitted to the supervisory authorities to use the volatility adjustment referred to in Article 77d of Directive 2009/138/EC
B10a	Of which, the number of successful applications to use the volatility adjustment referred to in Article 77d of Directive 2009/138/EC
B11a	The number of extensions granted in accordance with Article 138(4) of Directive 2009/138/EC
B11b	The average duration of extensions granted in accordance with Article 138(4) of Directive 2009/138/EC
B12	The number of authorisations granted in accordance with Article 304 of Directive 2009/138/EC
B13	The number of applications submitted to the supervisory authority to use the transitional risk-free interest rate term structure referred to in Article 308c Directive 2009/138/EC
B13a	Of which, the number of successful applications to use the transitional risk-free interest rate term structure referred to in Article 308c Directive 2009/138/EC
B13b	The number of decisions to revoke the approval of this transitional measure pursuant to Article 308e of Directive 2009/138/EC.
B14	The number of applications submitted to the supervisory authority to use the transitional deduction to technical provisions referred to in Article 308d Directive 2009/138/EC
B14a	Of which, the number of successful applications to use the transitional deduction to technical provisions referred to in Article 308d Directive 2009/138/EC
COLLEGES OF SUPERVISORS
B15a	The number of meetings of Colleges of supervisors which the supervisory authority attended as a member
B15b	The number of meetings of Colleges of supervisors which the supervisory authority chaired as group supervisor
OWN FUND APPROVALS
B16a	The number of applications submitted to the supervisory authorities for the approval of ancillary own funds
B16aa	Of which, the number of successful applications for approval of ancillary own funds
B17	The number of applications submitted to the supervisory authorities for approval of the assessment and classification of own-fund items, which are not covered by the lists laid down in Articles 69, 72, 74, 76 and 78 of Delegated Regulation (EU) 2015/35
B17a	Of which, the number of successful applications for the approval of the assessment and classification of own-fund items, which are not covered by the lists laid down in Articles 69, 72, 74, 76 and 78 of Delegated Regulation (EU) 2015/35
PEER REVIEWS
B18a	The number of peer review analyses organised and conducted by EIOPA in accordance with Article 30 of Regulation (EU) No 1094/2010, in which the supervisory authority participated

TEMPLATE D FOR THE DISCLOSURE OF QUALITATIVE AGGREGATE STATISTICAL DATA ON THE SUPERVISORY AUTHORITY U.K.

Information shall be disclosed under the headings below. The disclosure shall include data of the four previous years under each heading.

B1a

–

The structure of the supervisory authority

B8a

–

The criteria used for the application of capital add-ons

B8b

–

The criteria used for the calculation of capital add-ons

B8c

–

The criteria used for the removal of capital add-ons

B16b

–

The main features of the approved items of ancillary own funds

B17b

–

The main features of the approved items of own-fund items, which are not covered by the relevant lists of the Articles 69, 72, 74, 76 and 78 of Delegated Regulation (EU) 2015/35

B17c

–

The method used to assess and classify the approved items of own-fund items, which are not covered by the relevant lists of the Articles 69, 72, 74, 76 and 78 of Delegated Regulation (EU) 2015/35

B18b

–

The scope of peer review analyses organised and conducted by EIOPA in accordance with Article 30 of Regulation (EU) No 1094/2010, in which the supervisory authority participated

ANNEX II U.K. INSTRUCTIONS FOR THE DISCLOSURE OF AGGREGATE STATISTICAL DATA

The disclosure of aggregate statistical data as referred to in Article 3 shall be performed in accordance with the instructions and item definitions laid down in this Annex.

Number of previous years of disclosure U.K.

In accordance with Article 316(2) of Delegated Regulation (EU) 2015/35 data shall be disclosed concerning the four previous calendar years. Prior to 2020, where data will be available for less than four years, data shall be disclosed concerning all available previous years. Each time a disclosure is made, the calendar years for which the disclosures relate to shall be updated. Within Templates A to C the ‘x’ in the first row of the table represents the current year at the time at which the disclosure is made.

Disclosure deadlines and financial year end U.K.

The timing of the financial year end of insurance and reinsurance undertakings may affect the year in which data is disclosed by supervisory authorities. The last paragraph of Part A of Annex XXI to Delegated Regulation (EU) 2015/35 provides that the disclosure of data concerning supervised undertakings and groups relates to the financial year which ended in the calendar year prior to the year of disclosure. Where insurance or reinsurance undertakings have a financial year end after 31 December, the aggregation and disclosure of this data by supervisory authorities takes place in the year after the one in which the financial year ended. For the first year of disclosure taking place in 2017 and relating to the calendar year ending in 2016, in those Member States where insurance or reinsurance undertakings have a financial year end after 31 December, the data concerning supervised undertakings and groups disclosed in 2017 would not include data from all insurance and reinsurance undertaking subject to Directive 2009/138/EC. However, all subsequent disclosures shall include data from all insurance and reinsurance undertakings.

Cell numbering U.K.

The cell numbers correspond to the order and numbering of Annex XXI of Delegated Regulation (EU) 2015/35, covering first information required under part A of Annex XXI concerning insurance and reinsurance undertakings (cells AS), followed by information required under part A of Annex XXI concerning insurance groups (cells AG), and finally information required under part B of Annex XXI concerning supervisory authorities (cells B).

Item definitions U.K.

The item definitions clarify the specific data to be disclosed or the source of the data. All references to cell numbers refer to other cells within the Templates in this Regulation. All code references of templates or template items in the item definitions refer to the templates or template items with identical code references, as laid down in Commission Implementing Regulation (EU) 2015/2450(4). Where an item definition is not provided, the data to be disclosed is considered to be clear.

Specific instructions concerning Template A U.K.

In accordance with Part A of Annex XXI to Delegated Regulation (EU) 2015/35, data concerning supervised insurance and reinsurance undertakings shall be provided separately for (1) all insurance undertakings, (2) life insurance undertakings, (3) non-life insurance undertaking, (4) insurance undertaking which simultaneously pursue both life and non-life insurance activities, and (5) reinsurance undertakings, unless the cell is marked as not applicable (N/A).

The column in Template A covering information on ‘all insurance and reinsurance undertaking’ is highlighted in light green to indicate that these cells represent the sum of the information provided in the white cells on the different categories of undertakings described in the paragraph above, where such information is provided separately.

Specific instructions concerning Templates C and D U.K.

Templates C and D concern the disclosure of data on the supervisory authority based on Part B of Annex XXI to Delegated Regulation (EU) 2015/35 with Template C covering quantitative data and Template D covering qualitative data. Within Template D, information covering previous years shall be provided under each individual heading, such as ‘The structure of the supervisory authority’. Where the information is unchanged during more than one calendar year, the supervisory authority shall indicate the number of calendar years for which the information applies. In other respects, Member States may decide on the specific format and structure that is appropriate based on the nature and length of the information to be provided under each of the headings within Template D.

I. ITEM DEFINITIONS FOR THE DISCLOSURE OF AGGREGATE STATISTICAL DATA WITH REGARD TO INSURANCE AND REINSURANCE UNDERTAKINGS SUPERVISED UNDER DIRECTIVE 2009/138/EC U.K.

ITEM	CELL NUMBER	DEFINITION
The number of insurance and reinsurance undertakings	AS1a	The number of direct life or non-life insurance or reinsurance undertakings, which have received authorisation in accordance with Article 14 of Directive 2009/138/EC and fall within the scope of Directive 2009/138/EC.
The number of branches as referred to in Article 13(11) of Directive 2009/138/EC established in the Member State of the supervisory authority	AS1b	The number of branches of insurance or reinsurance undertakings, with head offices situated in another Member State.
The number of branches as referred to in Article 162(3) of Directive 2009/138/EC established in the Member State of the supervisory authority	AS1c	The number of branches belonging to insurance or reinsurance undertakings with head offices situated outside the EEA.
The number of Union branches of insurance and reinsurance undertakings established in the Member State of the supervisory authority carrying out relevant business in one or more other Member States	AS2
The number of insurance undertakings established in the Member State of the supervisory authority pursuing business in other Member States under the freedom to provide services	AS3	Information of the supervisory authority in the home Member State on insurance undertakings that actually pursue business under the freedom to provide services in other Member States based on template S.04.01.01.
The number of insurance undertakings established in other Member States which have notified their intention to pursue business in the Member State of the supervisory authority under the freedom to provide services	AS4a	Information of the supervisory authority in the host Member State on insurance undertakings notified as intending to pursue business in its Member State under the freedom to provide services.
The number of insurance undertakings established in other Member States which actually pursue business in the Member State of the supervisory authority under the freedom to provide services	AS4b	Information of the supervisory authority in the host Member State on insurance undertakings that actually carry out business in its Member State under the freedom to provide services. This number is based on the information exchange between supervisory authorities of the home and host Member State.
The number of insurance and reinsurance undertakings falling outside the scope of Directive 2009/138/EC	AS5	The number of insurance and reinsurance undertakings falling outside the scope of Directive 2009/138/EC in accordance with Articles 4 to 12 of Directive 2009/138/EC.
The number of special purpose vehicles authorised in accordance with Article 211 of Directive 2009/138/EC from insurance and reinsurance undertakings	AS6
The number of insurance and reinsurance undertakings subject to reorganisation measures or winding-up proceedings	AS7	The number of insurance and reinsurance undertakings, including third country branches, subject to reorganisation measures or winding-up proceedings. Reorganisation measures are the measures under Title IV, Chapter II of Directive 2009/138/EC. Winding-up proceedings are the procedures under Title IV, Chapter III of Directive 2009/138/EC.
The number of insurance and reinsurance undertakings and the number of their portfolios where the matching adjustment referred to in Article 77b of Directive 2009/138/EC is applied	AS8
The number of insurance and reinsurance undertakings applying the volatility adjustment referred to in Article 77d of Directive 2009/138/EC	AS9
The number of insurance and reinsurance undertakings applying the transitional risk-free interest rate term structure referred to in Article 308c Directive 2009/138/EC	AS10
The number of insurance and reinsurance undertakings applying the transitional deduction to technical provisions referred to in Article 308d Directive 2009/138/EC	AS11
The total amount of assets of the insurance and reinsurance undertakings valued in accordance with Article 75 of Directive 2009/138/EC	AS12	Item C0010/R0500 of template S.02.01.01
Intangible assets	AS12a	Item C0010/R0030 of template S.02.01.01
Deferred tax assets	AS12b	Item C0010/R0040 of template S.02.01.01
Pension benefit surplus	AS12c	Item C0010/R0050 of template S.02.01.01
Property, plant & equipment held for own use	AS12d	Item C0010/R0060 of template S.02.01.01
Investments (other than assets held for unit-linked and index-linked contracts)	AS12e	Item C0010/R0070 of template S.02.01.01
Assets held for unit-linked & index-linked contracts	AS12f	Item C0010/R0220 of template S.02.01.01
Loans & mortgages (except loans on policies)	AS12g	The sum of Items C0010/R0250 and C0010/R0260 of template S.02.01.01
Loans on policies	AS12h	Item C0010/R0240 of template S.02.01.01
Reinsurance recoverables	AS12i	Item C0010/R0270 of template S.02.01.01
Deposits to cedants	AS12j	Item C0010/R0350 of template S.02.01.01
Insurance & intermediaries receivables	AS12k	Item C0010/R0360 of template S.02.01.01
Reinsurance receivables	AS12l	Item C0010/R0370 of template S.02.01.01
Receivables (trade, not insurance)	AS12m	Item C0010/R0380 of template S.02.01.01
Own shares	AS12n	Item C0010/R0390 of template S.02.01.01
Amounts due in respect of own fund items or initial fund called up but not yet paid in	AS12o	Item C0010/R0400 of template S.02.01.01
Cash and cash equivalents	AS12p	Item C0010/R0410 of template S.02.01.01
Any other assets, not elsewhere shown	AS12q	Item C0010/R0420 of template S.02.01.01
The total amount of liabilities of the insurance and reinsurance undertakings valued in accordance with Articles 75 to 86 of Directive 2009/138/EC	AS13	Item C0010/R0900 of template S.02.01.01
Technical provisions	AS13a	The sum of items C0010/R0520, C0010/R0560, C0010/R0610, C0010/R0650 and C0010/R0690 of template S.02.01.01
Other liabilities, excluding subordinated liabilities which are not included in the own funds	AS13b	The sum of items C0010/R0740 to C0010/R0840, C0010/R0870 and C0010/R0880 of template S.02.01.1
Subordinated liabilities which are not included in the own funds	AS13c	Item C0010/R0860 of template S.02.01.01
The total amount of basic own funds	AS14a	Item C0010/R0290 of template S.23.01.01
Of which, subordinated liabilities	AS14aa	Item C0010/R0140 of template S.23.01.01
The total amount of ancillary own funds	AS14b	Item C0010/R0400 of template S.23.01.01
The total eligible amount of own funds to cover the Solvency Capital Requirement	AS15	Item C0010/R0540 of template S.23.01.01
Tier 1 unrestricted	AS15a	Item C0020/R0540 of template S.23.01.01
Tier 1 restricted	AS15b	Item C0030/R0540 of template S.23.01.01
Tier 2	AS15c	Item C0040/R0540 of template S.23.01.01
Tier 3	AS15d	Item C0050/R0540 of template S.23.01.01
The total eligible amount of basic own funds to cover the Minimum Capital Requirement	AS16	Item C0010/R0550 of template S.23.01.01
Tier 1 unrestricted	AS16a	Item C0020/R0550 of template S.23.01.01
Tier 1 restricted	AS16b	Item C0030/R0550 of template S.23.01.01
Tier 2	AS16c	Item C0040/R0550 of template S.23.01.01
The total amount of the Minimum Capital Requirement	AS17	Item C0070/R0400 of template S.28.01.01 or S.28.02.01
The total amount of the Solvency Capital Requirement	AS18	Item C0100/R0220 of template S.25.01.01, S.25.02.01 or S.25.03.01
Total amount of the Solvency Capital Requirement calculated using the standard formula by risk module and sub-module — at the level of aggregation available — expressed as percentage of the total amount of the Solvency Capital Requirement	AS19	This cell should include the amount of the Solvency Capital Requirement calculated using the standard formula. This is item C0100/R0220 of template S.25.01.01.01 divided by cell AS18 (expressed as a percentage). Cells AS19a — AS19f should include the amounts of the Solvency Capital Requirement by risk module and sub-module at the level of aggregation available. For undertakings with ring-fenced funds or matching portfolios, data on the Solvency Capital Requirement is only available at entity level and not by risk module and sub-module due to the nature of the calculation. Thus, where ring-fenced funds and matching portfolios exist within the Member State, the data by risk module and sub-module in Cells AS19a- AS19f should only include those undertakings without ring-fenced funds or matching portfolios.
Market risk	AS19a	Item C0030/R0010 of template S.25.01.01 divided by cell AS18 (expressed as percentage)
Interest rate risk	AS19aa	Item C0060/R0100 of template S.26.01.01 divided by cell AS18 (expressed as percentage)
Equity risk	AS19ab	Item C0060/R0200 of template S.26.01.01 divided by cell AS18 (expressed as percentage)
Property risk	AS19ac	Item C0060/R0300 of template S.26.01.01 divided by cell AS18 (expressed as percentage)
Spread risk	AS19ad	Item C0060/R0400 of template S.26.01.01 divided by cell AS18 (expressed as percentage)
Market risk concentrations	AS19ae	Item C0060/R0500 of template S.26.01.01 divided by cell AS18 (expressed as percentage)
Currency risk	AS19af	Item C0060/R0600 of template S.26.01.01 divided by cell AS18 (expressed as percentage)
Counterparty default risk	AS19b	Item C0030/R0020 of template S.25.01.01 divided by cell AS18 (expressed as percentage)
Life underwriting risk	AS19c	Item C0030/R0030 of template S.25.01.01 divided by cell AS18 (expressed as percentage)
Mortality risk	AS19ca	Item C0060/R0100 of template S.26.03.01 divided by cell AS18 (expressed as percentage)
Longevity risk	AS19cb	Item C0060/R0200 of template S.26.03.01 divided by cell AS18 (expressed as percentage)
Disability-morbidity risk	AS19cc	Item C0060/R0300 of template S.26.03.01 divided by cell AS18 (expressed as percentage)
Lapse risk	AS19cd	Item C0060/R0400 of template S.26.03.01 divided by cell AS18 (expressed as percentage)
Life expense risk	AS19ce	Item C0060/R0500 of template S.26.03.01 divided by cell AS18 (expressed as percentage)
Revision risk	AS19cf	Item C0060/R0600 of template S.26.03.01 divided by cell AS18 (expressed as percentage)
Life catastrophe risk	AS19cg	Item C0060/R0700 of template S.26.03.01 divided by cell AS18 (expressed as percentage)
Health underwriting risk	AS19d	Item C0030/R0040 of template S.25.01.01 divided by cell AS18 (expressed as percentage)
SLT health underwriting risk	AS19da	Item C0060/R0800 of template S.26.04.01 divided by cell AS18 (expressed as percentage)
NSLT health underwriting risk	AS19db	Item C0230/R1400 of template S.26.04.01 divided by cell AS18 (expressed as percentage)
Health catastrophe risk	AS19dc	Item C0250/R1540 of template S.26.04.01 divided by cell AS18 (expressed as percentage)
Non-life underwriting risk	AS19e	Item C0030/R0050 of template S.25.01.01 divided by cell AS18 (expressed as percentage)
Non-life premium and reserve risk	AS19ea	Item C0100/R0300 of template S.26.05.01 divided by cell AS18 (expressed as percentage)
Non-life lapse risk	AS19eb	Item C0150/R0400 of template S.26.05.01 divided by cell AS18 (expressed as percentage)
Non-life catastrophe risk	AS19ec	Item C0160/R0500 of template S.26.05.01 divided by cell AS18 (expressed as percentage)
Intangible asset risk	AS19f	Item C0030/R0070 of template S.25.01.01 divided by cell AS18 (expressed as percentage)
Operational risk	AS19g	Item C0100/R0130 of template S.25.01.01 divided by cell AS18 (expressed as percentage)
Total amount of the Solvency Capital Requirement for spread risk and market concentration sub-modules and counterparty default risk module for which a reassessment of the credit quality steps of the larger or more complex exposures has been conducted in accordance with Article 4(5) of Delegated Regulation (EU) 2015/35 — at the level of aggregation available — expressed as percentage of the total amount of the respective sub-modules or module (where the Solvency Capital Requirement for credit risk is calculated using the standard formula)	AS20	For those insurance and reinsurance undertakings using the standard formula, the total amount of the three risk modules and sub-modules for those insurance and reinsurance undertakings that did at least one reassessment, divided by the total amount for the three risk modules and sub-modules for all insurance and reinsurance undertakings. For undertakings with ring-fenced funds or matching portfolios, data on the Solvency Capital Requirement is only available at entity level and not by risk module and sub-module, due to the nature of the calculation. Thus, where ring-fenced funds and matching portfolios exist within the Member State the data by risk module and sub-module in cells AS20 and AS20a-c should only include those undertaking without ring-fenced funds or matching portfolios. Since data on the reassessment of the credit quality steps is not reported by insurance and reinsurance undertaking in the quantitative templates, supervisory authorities should clarify in Template A of this regulation the scope of the information provided in cells AS20 and AS20a-c including the level of aggregation available.
Spread risk	AS20a	For those insurance and reinsurance undertakings using the standard formula, the total amount of the spread risk of those insurance and reinsurance undertakings that did at least one reassessment, divided by the total amount of the spread risk sub-module for all insurance and reinsurance undertakings.
Market risk concentration	AS20b	For those insurance and reinsurance undertakings using the standard formula, the total amount of the market risk concentration for those insurance and reinsurance undertakings that did at least one reassessment, divided by the total amount of the market concentration risk sub-module for all insurance and reinsurance undertakings.
Counterparty default risk	AS20c	For those insurance and reinsurance undertakings using the standard formula, the total amount of the counterparty default risk for those insurance and reinsurance undertakings that did at least one reassessment, divided by the total amount of the market concentration risk sub-module for all insurance and reinsurance undertakings.
Total amount of the Solvency Capital Requirement calculated using an approved partial internal model by risk module and sub-module — at the level of aggregation available — expressed as percentage of the total amount of the Solvency Capital Requirement	AS21	Item C0100/R0220 of template S.25.02.01 divided by cell AS18 (expressed as percentage)
Of which, the total amount of the Solvency Capital Requirement calculated using an approved partial internal model which scope includes credit risk in both market and counterparty default risk, by risk module and sub-module — at the level of the aggregation available — expressed as percentage of the total amount of the Solvency Capital Requirement calculated using partial internal model	AS21a	Item C0100/R0220 of template S.25.02.01 for insurance and reinsurance undertakings, which are using an approved partial internal model which scope includes credit risk in both market risk and counterparty default risk, divided by cell AS21 (expressed as percentage).
The number of insurance and reinsurance undertakings using an approved full internal model for the calculation of the Solvency Capital Requirement	AS22a
The number of insurance and reinsurance undertakings using an approved partial internal model for the calculation of the Solvency Capital Requirement	AS22b
The number of insurance and reinsurance undertakings using an approved internal model which scope includes credit risk in both market risk and counterparty default risk	AS22c
The number of capital add-ons	AS23a
The average capital add-on per undertaking	AS23b	The total of item C0100/R0210 in templates S.25.01.01, S.25.02.01 and S.25.03.01 for all insurance and reinsurance undertakings that report the item, divided by cell AS23a.
The distribution of capital add-ons measured as a percentage of the Solvency Capital Requirement with regard to all insurance and reinsurance undertakings supervised under Directive 2009/138/EC	AS23c	The total of item C0100/R0210 in templates S.25.01.01, S.25.02.01 and S.25.03.01 for all insurance and reinsurance undertakings that report the item divided by cell AS18.

II. ITEM DEFINITIONS FOR THE DISCLOSURE OF AGGREGATE STATISTICAL DATA WITH REGARD TO GROUPS SUPERVISED UNDER DIRECTIVE 2009/138/EC U.K.

ITEM	CELL NUMBER	DEFINITION
The number of insurance groups of which the supervisory authority is the group supervisor including:	AG24	The number of insurance groups of which the supervisory authority is the group supervisor, including insurance groups at national level
The number of insurance and reinsurance subsidiary undertakings at national level	AG24a	The number of rows reported in template S.32.01.04, where ‘Country’ is the country of the supervisory authority.
The number of insurance and reinsurance subsidiary undertakings in other Member States	AG24b	The number of rows reported in template S.32.01.04 where ‘Country’ is the Member States other than country of the supervisory authority.
The number of insurance and reinsurance subsidiary undertakings in third countries:	AG24c	The number of rows reported in template S.32.01.04 where ‘Country’ is a third country.
Of which the number of insurance and reinsurance subsidiary undertakings in equivalent third countries	AG24ca	The number of rows reported in template S.32.01.04 where ‘Country’ is an equivalent third country
Of which the number of insurance and reinsurance subsidiary undertakings in non-equivalent third countries	AG24cb	The number of rows reported in template S.32.01.04 where ‘Country’ is a non-equivalent third country
The number of insurance groups of which the supervisory authority is the group supervisor, where the ultimate parent insurance or reinsurance undertaking or insurance holding company which has its head office in the Union is a subsidiary undertaking of a company which has its head office outside of the Union	AG25
The number of ultimate parent insurance or reinsurance undertakings or insurance holding companies or mixed financial holding companies subject to group supervision at national level by the supervisory authority in accordance with Article 216 of Directive 2009/138/EC, including:	AG26	Cells AG26a to AG26db should be filled in for each such undertaking and holding company separately.
Name of such undertaking or holding company	AG26a
The number of its insurance and reinsurance subsidiary undertakings at national level	AG26b
The number of its insurance and reinsurance subsidiary undertakings in other Member States	AG26c
The number of its insurance and reinsurance subsidiary undertakings in third countries	AG26d
Of which, the number of its insurance and reinsurance subsidiary undertakings in equivalent third countries	AG26da	This includes third countries which are partially or provisionally equivalent.
Of which, the number of its insurance and reinsurance subsidiary undertakings in non-equivalent third countries	AG26db
The number of ultimate parent insurance or reinsurance undertakings or insurance holding companies subject to group supervision at national level by the supervisory authority in accordance with Article 216 of Directive 2009/138/EC, where another related ultimate parent undertaking at national level is present as referred to in Article 217 of Directive 2009/138/EC	AG27
The number of cross-border insurance groups where the supervisory authority is the group supervisor	AG28	The number of insurance groups of which the supervisory authority is the group supervisor, excluding insurance groups at national level
The number of insurance groups that have been allowed to use method 2 or a combination of methods 1 and 2 in accordance with Article 220(2) of Directive 2009/138/EC for the calculation of the solvency at the level of the group	AG29	Number of insurance groups that answered method 2 or the combination of methods in item C0010/R0130 of template S.01.02.04.
The total amount of the group eligible own funds for the insurance groups of which the supervisory authority is the group supervisor	AG30	This is the sum of cells AG30a, AG30b and AG30c.
The total amount of the group eligible own funds calculated in accordance with method 1 as referred to in Article 230(1) of Directive 2009/138/EC for the insurance groups of which the supervisory authority is the group supervisor	AG30a	Item C0010/R0660 of template S.23.01.04 for insurance groups which calculate eligible own funds in accordance with method 1 as referred to in Article 230(1) of Directive 2009/138/EC
The total amount of the group eligible own funds calculated in accordance with method 2 as referred to in Article 233 of Directive 2009/138/EC for the insurance groups of which the supervisory authority is the group supervisor	AG30b	Item C0010/R0660 of template S.23.01.04 for insurance groups which calculate eligible own funds in accordance with method 2 as referred to in Article 233(2) of Directive 2009/138/EC
The total amount of the group eligible own funds calculated in accordance with the combination of method 1 and method 2 as referred to in Article 220 of Directive 2009/138/EC for the insurance groups of which the supervisory authority is the group supervisor	AG30c	Item C0010/R0660 of template S.23.01.04 for insurance groups which calculate eligible own funds in accordance with the combination of method 1 and method 2 as referred to in Article 220(2) of Directive 2009/138/EC
The total amount of the group Solvency Capital Requirement for the insurance groups of which the supervisory authority is the group supervisor	AG31	This is the sum of cells AG31a, AG31b and AG31c
The total amount of the group Solvency Capital Requirement calculated in accordance with method 1 as referred to in Article 230(1) of Directive 2009/138/EC for the insurance groups of which the supervisory authority is the group supervisor for the group Solvency Capital Requirement	AG31a	Item C0010/R0680 of template S.23.01.04 for insurance groups which calculate the Solvency Capital Requirement in accordance with method 1 as referred to in Article 230(1) of Directive 2009/138/EC
The total amount of the group Solvency Capital Requirement calculated in accordance with method 2 as referred to in Article 233 of Directive 2009/138/EC for the insurance groups of which the supervisory authority is the group supervisor for the group Solvency Capital Requirement	AG31b	Item C0010/R0680 of template S.23.01.04 for insurance groups which calculate the Solvency Capital Requirement in accordance with method 2 as referred to in Article 233 of Directive 2009/138/EC
The total amount of the group Solvency Capital Requirement calculated in accordance with a combination of methods 1 and 2 for the insurance groups of which the supervisory authority is the group supervisor for the group Solvency Capital Requirement	AG31c	Item C0010/R0680 of template S.23.01.04 for insurance groups which calculate the Solvency Capital Requirement in accordance with a combination of method 1 and 2
The number of insurance groups of which the supervisory authority is the group supervisor using an approved full internal model for the calculation of the group Solvency Capital Requirements	AG32a
Of which, approvals in accordance with Article 230 of Directive 2009/138/EC	AG32aa	The number of insurance groups of which the supervisory authority is the group supervisor using an approved full internal model for the calculation only of the group Solvency Capital Requirements
Of which, approvals in accordance with Article 231 of Directive 2009/138/EC	AG32ab	The number of insurance groups of which the supervisory authority is the group supervisor using a full internal model approved by supervisory authority for the calculation of the consolidated group Solvency Capital Requirement, as well as the Solvency Capital Requirement of insurance and reinsurance undertakings in the group
The number of insurance groups of which the supervisory authority is the group supervisor using an approved partial internal model for the calculation of the group Solvency Capital Requirement	AG32b
Of which, approvals in accordance with Article 230 of Directive 2009/138/EC	AG32ba	The number of insurance groups of which the supervisory authority is the group supervisor using an approved partial internal model for the calculation only of the group Solvency Capital Requirements
Of which, approvals in accordance with Article 231 of Directive 2009/138/EC	AG32bb	The number of insurance groups of which the supervisory authority is the group supervisor using a partial internal model approved by supervisory authority for the calculation of the consolidated group Solvency Capital Requirement, as well as the Solvency Capital Requirement of insurance and reinsurance undertakings in the group

III. ITEM DEFINITIONS FOR THE DISCLOSURE OF AGGREGATE STATISTICAL DATA ON SUPERVISORY AUTHORITIES U.K.

ITEM	CELL NUMBER	DEFINITION
The structure of the supervisory authority	B1a	An organisational schema or chart displaying at least the main divisions, departments or units within the supervisory authority.
The number of staff at the end of the calendar year	B1b	The number of staff as full time equivalent working directly in the field of prudential insurance supervision as well as ancillary staff supporting those working directly in prudential insurance supervision (e.g. Information Technology) in the supervisory authority at the end of the calendar year. The number of staff is calculated on a best effort basis.
The total number of on-site inspections undertaken both at solo and group level	B2a	On-site inspection refers to an organised assessment or formal evaluation exercise, within the field of prudential insurance regulation, performed at the location of the supervised undertaking, or the service providers to whom the supervised undertaking has outsourced functions, which leads to the issuing of a document communicated to the undertaking. As examples, the following procedures are not regarded as on-site inspections, even though they may form part of the detailed review of an undertaking by the supervisory authority: a) Supervisory visits or meetings at the supervisory authority's premises or at the undertaking's premises, not resulting in a document communicated to the undertaking; b) Exploratory meetings or presentations from insurance and reinsurance undertakings to supervisory authority; c) Supervisory visits to understand more about certain specific issues, which can be considered fact-finding exercises.
Of which, the number of regular inspections	B2aa	A regular inspection is a scheduled on-site inspection arising from the supervisory plan.
Of which, the number of ad-hoc inspections	B2ab	An ad-hoc inspection is an on-site inspection that does not necessarily result from risk assessment framework process or has not been initially defined in the supervisory plan. However typically the need for ad-hoc inspections arises when the supervisory plan has to be adjusted to reflect the supervisory authorities' constraints or other new priorities. It could be triggered, for instance, when the supervisory authority becomes aware of a situation that calls for further investigations to be conducted on-site.
Of which, the number of on-site inspections mandated to third parties	B2ac
Of which, the number of on-site inspections under group supervision which were undertaken jointly with other members of the group's College of supervisors	B2ad
Of which, the total number of inspections conducted in order to review and evaluate the reliance of undertakings on external ratings	B2ae
The total number of man-days spent on on-site inspections both at solo and group level	B2b
The number of formal reviews of ongoing compliance of full or partial internal models with the requirements both at solo and group level	B3
Of which, the number of reviews conducted in order to review and evaluate the reliance of undertakings on external ratings	B3a
The number of partial and of full internal models submitted for approval at solo level	B4a
Of which, the number of partial and of full internal models which scope includes credit risk in both market risk and counterparty default risk submitted for approval at solo level	B4aa
The number of successful applications for approval of partial and of full internal models at solo level	B4b
Of which, the number of partial and of full internal models which scope includes credit risk in both market risk and counterparty default risk at solo level	B4ba
The number of partial and of full internal models submitted for approval at group level	B4c
Of which, the number of partial and of full internal models which scope includes credit risk in both market risk and counterparty default risk submitted for approval at group level	B4ca
The number of successful application for approval of partial and of full internal models at group level	B4d
Of which, the number of partial and of full internal models which scope includes credit risk in both market risk and counterparty default risk at group level	B4da
The number of corrective measures taken, as defined by Articles 110 of Directive 2009/138/EC	B5a	The number of cases when the supervisory authority required the undertaking to replace a subset of the parameters used in the standard formula calculation by parameters specific to that undertaking when calculating the life, non-life and health underwriting risk modules because of a significant deviation between undertaking's risk profile and assumptions underlying standard formula.
The number of corrective measures taken, as defined by Articles 117 of Directive 2009/138/EC	B5b	The number of cases when the supervisory authority required the undertaking to revert to calculate the Solvency Capital Requirement in accordance with the standard formula, because of non-compliance with internal models standards.
The number of corrective measures taken, as defined by Articles 119 of Directive 2009/138/EC	B5c	The number of cases when the supervisory authority required the undertaking to use an internal model to calculate the Solvency Capital Requirement, or the relevant risk modules, because of a significant deviation between undertaking's risk profile and assumptions underlying standard formula.
Of which, the number of corrective measures which were triggered by a deviation of the risk profile of the insurance or reinsurance undertakings with respect to their credit risk	B5ca	The number of cases when the supervisory authority required the undertaking to use an internal model to calculate the Solvency Capital Requirement, or the relevant risk modules because the risk profile of insurance or reinsurance undertaking deviated significantly with respect to its credit risk.
The number of corrective measures taken, as defined by Articles 137 of Directive 2009/138/EC	B5d	The number of cases when the supervisory authority prohibited the free disposal of an undertaking's assets when the undertaking did not comply with rules relating to technical provisions.
The number of corrective measures taken, as defined by Articles 138 of Directive 2009/138/EC	B5e	The number of cases when the supervisory authority restricted or prohibited the free disposal of the assets of that undertaking when the undertaking did not comply with Solvency Capital Requirement
The number of corrective measures taken, as defined by Articles 139 of Directive 2009/138/EC	B5f	The number of cases when the supervisory authority restricted or prohibited the free disposal of the assets of the insurance or reinsurance undertaking when the undertaking did not comply with Minimum Capital Requirement
The number of authorisations withdrawn	B6	Withdrawn means a complete withdrawal of authorisation for an undertaking to conduct business and would not include for instance withdrawal of an authorisation only for a particular class of business or reinsurance activity where that insurance or reinsurance undertaking continues to be authorised for other classes or activities.
The number of authorisations granted to insurance or reinsurance undertakings	B7	The number of new authorisations in that calendar year. New authorisations means authorisations for new insurance or reinsurance undertaking and would not include for instance extensions of authorisations (i.e. to other classes of business) for insurance and reinsurance undertakings that are already authorised.
The criteria used for the application of capital add-ons	B8a
The criteria used for the calculation of capital add-ons	B8b
The criteria used for the removal of capital add-ons	B8c
The number of applications submitted to the supervisory authorities to use the matching adjustment referred to in Article 77b Directive 2009/138/EC.	B9
Of which, the number of successful applications to use the matching adjustment referred to in Article 77b Directive 2009/138/EC	B9a
The number of applications submitted to the supervisory authorities to use the volatility adjustment referred to in Article 77d of Directive 2009/138/EC	B10	This is only applicable where the Member State has chosen to require prior approval for use of the volatility adjustment.
Of which, the number of successful applications to use the volatility adjustment referred to in Article 77d of Directive 2009/138/EC	B10a	This is only applicable where the Member State has chosen to require prior approval for use of the volatility adjustment.
The number of extensions granted in accordance with Article 138(4) of Directive 2009/138/EC	B11a	The number of extensions granted of the period to ensure compliance with the Solvency Capital Requirement in the event of an exceptional adverse situations.
The average duration of extensions granted in accordance with Article 138(4) of Directive 2009/138/EC	B11b	The sum of all the durations of the extensions granted in accordance with Article 138(4) of Directive 2009/138/EC divided by cell B11a.
The number of authorisations granted in accordance with Article 304 of Directive 2009/138/EC	B12	The number of authorisations granted to use the duration based equity risk sub-module for the Solvency Capital Requirement calculation.
The number of applications submitted to the supervisory authority to use the transitional risk-free interest rate term structure referred to in Article 308c Directive 2009/138/EC	B13
Of which, the number of successful applications to use the transitional risk-free interest rate term structure referred to in Article 308c Directive 2009/138/EC	B13a
The number of decisions to revoke the approval of this transitional measure pursuant to Article 308e of Directive 2009/138/EC.	B13b
The number of applications submitted to the supervisory authority to use the transitional deduction to technical provisions referred to in Article 308d Directive 2009/138/EC	B14
Of which, the number of successful applications to use the transitional deduction to technical provisions referred to in Article 308d Directive 2009/138/EC	B14a
The number of meetings of Colleges of supervisors which the supervisory authority attended as a member	B15a	The number of meetings organised in accordance with articles 248(1)(e) and 249(2) of Directive 2009/138/EC which the supervisory authority attended as a member, but not as the group supervisor. This includes physical meetings and meetings held through other means, such as teleconferences. It also includes meetings comprising a reduced number of supervisory authorities in accordance with the third sub-paragraph of Article 248(3) of Directive 2009/138/EC, such as meetings of specialised teams, but does not include bilateral discussions between two supervisory authorities belonging to the college of supervisors. This item also does not include meetings of crisis management groups, since their establishment is not based on Directive 2009/138/EC.
The number of meetings of Colleges of supervisors which the supervisory authority chaired as group supervisor	B15b	The number of meetings organised in accordance with articles 248(1)(e) and 249(2) of Directive 2009/138/EC of Colleges of supervisors which the supervisory authority chaired as group supervisor. This includes physical meetings and meetings held through other means, such as teleconferences. It also includes meetings comprising a reduced number of supervisory authorities in accordance with the third sub-paragraph of Article 248(3) of Directive 2009/138/EC, such as meetings of specialised teams, but does not include bilateral discussions between two supervisory authorities belonging to the college of supervisors. This item also does not include meetings of crisis management groups, since their establishment is not based on Directive 2009/138/EC.
The number of applications submitted to the supervisory authorities for the approval of ancillary own funds	B16a
Of which, the number of successful applications for approval of ancillary own funds	B16aa
The main features of the approved items of ancillary own funds	B16b
The number of applications submitted to the supervisory authorities for approval of the assessment and classification of own-fund items, which are not covered by the lists laid down in Articles 69, 72, 74, 76 and 78 of Delegated Regulation (EU) 2015/35	B17a
Of which, the number of successful applications for the approval of the assessment and classification of own-fund items, which are not covered by the lists laid down in Articles 69, 72, 74, 76 and 78 of Delegated Regulation (EU) 2015/35	B17aa
The main features of the approved own-fund items, which are not covered by the lists laid down in Articles 69, 72, 74, 76 and 78 of the Delegated Regulation (EU) 2015/35	B17b
The method used to assess and classify the approved own-fund items, which are not covered by the relevant lists laid down in Articles 69, 72, 74, 76 and 78 of the Delegated Regulation (EU) 2015/35	B17c
The number of peer review analyses organised and conducted by EIOPA in accordance with Article 30 of Regulation (EU) No 1094/2010, in which the supervisory authority participated	B18a
The scope of peer review analyses organised and conducted by EIOPA in accordance with Article 30 of Regulation (EU) No 1094/2010, in which the supervisory authority participated	B18b

ANNEX III U.K. TEMPLATE FOR THE DISCLOSURE OF INFORMATION REGARDING THE EXERCISE OF OPTIONS

The disclosure of information referred to in Article 4 shall be performed by completing the following template. All references are to Directive 2009/138/EC unless otherwise stated.

TEMPLATE FOR THE DISCLOSURE OF INFORMATION REGARDING THE EXERCISE OF OPTIONS UNDER POINT (D) OF ARTICLE 31(2) OF DIRECTIVE 2009/138/EC U.K.

a Text of law (L), regulation (R), administrative rule (A).
Article of Directive 2009/138/EC	Title of Article	Description of the option	Use of option YES / NO	National legal instrument used L/R/Aa	Reference to Article in national law	Text or link to text of national law	Text or link to text of national law where available in another language
Article 13(27)	Definitions	Regarding the definition of large risks option to add to the category of risks classified under classes of non-life insurance 3, 8, 9, 10, 13 and 16 in Part A of Annex I, the risks insured by professional associations, joint ventures or temporary groupings
Article 15(2), sub-paragraph 3	Scope of authorisation	Option to grant authorisation for two or more classes of direct insurance
Article 15(3), sub-paragraph 1	Scope of authorisation	Option to grant authorisation for non-life insurance for groups of classes listed in Part B of Annex I
Article 17(2)	Legal form of insurance or reinsurance undertaking	Option to set up undertakings of a form governed by public law provided that such bodies have insurance or reinsurance operations as their object, under conditions equivalent to those under which undertakings governed by private law operate
Article 21(1), sub-paragraph 2	Policy conditions and scales of premiums	Option to require in life insurance systematic notification of the technical bases used for calculating scales of premiums and technical provisions for the purpose of verifying compliance with actuarial principles
Article 21(3)	Policy conditions and scales of premiums	Option to subject undertakings seeking or having obtained authorisation for assistance activity to checks on their resources in staff and equipment
Article 21(4)	Policy conditions and scales of premiums	Option to require approval of the memorandum and articles of association or any other documents necessary for normal supervision
Article 51(2), sub-paragraph 3	Report on solvency and financial condition: contents	Option allowing to exempt during a transitional period, (re) insurance undertakings from the requirement concerning the separate disclosure of the capital add-on or the impact of the use of undertaking-specific parameters where their use is required by the supervisory authority.
Article 57(1)	Acquisitions	Where Member States apply a threshold of one third for the notification to supervisory authorities of acquisitions in accordance with Directive 2004/109/EC, option to continue to apply that threshold, instead of a threshold of 30 %.
Article 57(2)	Acquisitions	Where Member States apply a threshold of one third for the notification to supervisory authorities of disposals in accordance with Directive 2004/109/EC, option to continue to apply that threshold, instead of a threshold of 30 %.
Article 73(2)	Pursuit of life and non-life insurance activity	Option to allow the following: (i) life insurance undertakings to obtain authorisation for non-life insurance activity for accident and sickness risks; (ii) non-life undertakings authorised solely for writing accident and sickness risks to obtain authorisation to pursue life insurance activity.
First sentence of paragraph 3 of Article 73	Pursuit of life and non-life insurance activity	Option allowing to provide for compliance of the undertakings referred to in Article 73(2) with accounting rules governing life insurance undertakings for all of their activities
Second sentence of paragraph 3 of Article 73	Pursuit of life and non-life insurance activity	Option allowing within a winding-up procedure to apply the rules for life insurance activities to accident and sickness activities pursued by the undertakings under Article 73(2)
Article 73(5), sub-paragraph 2	Pursuit of life and non-life insurance activity	Option allowing to require putting an end to the simultaneous pursuit of life and non-life activities within a certain period
Article 77d(1)	Volatility adjustment to the relevant risk-free interest rate term structure	Option allowing to require prior approval by the supervisory authority to apply the volatility adjustment to the risk-free interest rate term structure to calculate the best estimate referred to in Article 77(2)
Article 148(2)	Notification by the home Member State	Option to require non-life insurance undertakings covering motor vehicle liability risks under the freedom to provide services to submit certain information
Article 150(3)	Compulsory insurance on third party motor vehicle liability	Option for the host Member State to require insurance undertakings providing services to comply with rules concerning covering aggravated risks provided that they apply to non-life insurance undertakings
Article 152(4)	Representative	Option allowing to approve a claims representative appointed according to Article 4 of Directive 2000/26/EC as a representative under Article 152(1)
Article 163(3)	Scheme of operations of the branch	Option allowing to require from insurance undertakings to submit systematic notification of the technical basis used for calculating premiums and technical provisions in regard to life insurance
Article 169(2)	Separation of non-life and life business	Option allowing composite branches to pursue life and non-life insurance activities provided that each of the activities is separately managed
Article 169(3), sub-paragraph 2	Separation of non-life and life business	Option regarding branches which on the dates referred to in the first sub paragraph of Article 73(5) pursed solely life insurance activity within the Member State, but which head office situated outside of the community simultaneously pursues life and non-life activities and subsequently wishes to pursue non-life insurance activity in that Member State.
Article 179(4), sub-paragraph 2	Related obligations	Option allowing to require the issue of a declaration that an insurance contract complies with specific provisions relating to compulsory non-life insurance
Article 181(1), sub-paragraph 2	Non-life insurance	Option to require non-systematic notification of policy conditions and other documents to verify compliance with national provisions concerning insurance contracts
Article 181(2), sub-paragraph 1	Non-life insurance	Option allowing to require communication of the general and specific conditions of compulsory insurance to the supervisory authority before circulating them
Article 182, sub-paragraph 2	Life insurance	Option allowing to require systematic communication of the technical bases used for calculating scales of premiums and technical provisions to verify compliance with actuarial principles
Article 184(2), sub-paragraph 2	Additional information in the case of non-life insurance offered under the right of establishment or the freedom to provide services	Option to require for the name and address of the representative of a non-life insurance undertaking to appear in an insurance contract or other document granting cover
Article 185(7)	Information for policy holders	Option allowing to require the provision of additional information to ensure that policyholders understand the essential elements of the life insurance commitment
Article 186(2)	Cancellation period	Option allowing to not apply a cancellation period for policy holders in specific cases
Article 189	Participation in national guarantee schemes	Option allowing to require compulsory participation of non-life insurance undertakings in host Member State guarantee schemes
Article 197, sub-paragraph 1	Activities similar to tourist assistance	Option allowing to provide for assistance to persons in difficulties in circumstances other than those laid down in Article 2(2)
Article 198(2)(c)	Scope of this section	Option allowing to not apply the requirements for legal expenses insurance to the activity of legal expenses insurance undertaken by an assistance insurer under specific circumstances
Article 199	Separate contracts	Option allowing to request an explicit specification of the amount of the premium for legal expenses within the relevant contract
Article 200(1), sub-paragraph 1	Management of claims	Option allowing to choose between three methods for the management of claims
Article 200(3), sub-paragraph 2	Management of claims	Option allowing to extend the prohibition on simultaneous pursuit of the same or similar activity in a linked insurance undertaking to members of the administrative, management or supervisory body of the legal expenses insurance undertaking
Article 202(1)	Exception to the free choice of lawyer	Option allowing the exemption from the free choice of lawyer rule in legal expenses insurance subject to certain conditions
Article 206(1)	Health insurance as an alternative to social security	Option allowing to require: (a) compliance of health insurance contracts with specific legal provisions to protect the general good in the class of sickness insurance; and (b) communication to the supervisory authorities of the general and specific conditions of sickness insurance
Article 206(2), sub-paragraph 1	Health insurance as an alternative to social security	Option allowing to require the operation of an alternative health insurance system on a technical basis similar to that of life insurance subject to specific conditions
Article 207	Compulsory insurance against accidents at work	Option allowing to require compliance of undertakings offering compulsory insurance against accidents at work with specific provisions of national law of the host Member State
Article 216(1), sub-paragraph 1	Ultimate parent undertaking at national level	Option allowing for supervisory discretion to apply group supervision to an ultimate parent undertaking at national level
Article 225, sub-paragraph 2	Related insurance and reinsurance undertakings	Option allowing to require taking into account the Solvency Capital Requirements and the eligible own funds in respect of related undertakings with a head office in another Member State, as laid down in that Member State, for the purposes of the group solvency calculation
Article 227(1), sub-paragraph 2	Related third-country insurance and reinsurance undertakings	Option allowing to require taking into account the Solvency Capital Requirements and the eligible own funds in respect of related undertakings with a head office in an equivalent solvency regime third country, as laid down in that third country
Article 275(1)	Treatment of insurance claims	Option to choose between two methods or a combination thereof to ensure that insurance claims take precedence over other claims against an insurance undertaking
Article 275(2)	Treatment of insurance claims	Option to provide for the precedence of expenses arising from winding-up procedures over insurance claims wholly or in part
Article 276(2), sub-paragraph 2	Special register	Option to require a single register to be kept by insurance undertakings covering life and accident and sickness risks
Article 277	Subrogation to a guarantee scheme	Option to provide for the non-application of Article 275(1) to claims by insurance creditors where they have been subrogated to a national guarantee scheme
Article 279(2), sub-paragraph 2	Withdrawal of the authorisation	Option to provide that the pursuit of some activities during winding-up proceedings are subject to the consent and the supervision of the supervisory authority of the home Member State
Article 304(1)	Duration-based equity risk sub-module	Option to authorise life insurance undertakings to apply a duration-based equity risk sub-module under certain conditions
Article 305(1)	Derogations and abolition of restrictive measures	Option allowing for the granting of exemptions of non-life undertakings with certain maximum premium income which did not meet solvency requirements on 31 January 1975 from the requirement to establish a minimum guarantee fund
Article 308b(15)	Transitional measures	Option allowing to continue to apply the laws, regulations and administrative provisions that have been adopted with a view to complying with Articles 1 to 19, 27 to 30, 32 to 35 and 37 to 67 of Directive 2002/83/EC until 31 December 2019
Article 308b(16)	Transitional measures	Option allowing the ultimate parent insurance or reinsurance undertaking, during a period until 31 March 2022, to apply for the approval of an internal group model applicable to a part of a group

(1)

OJ L 335, 17.12.2009, p.1.

(2)

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).

(3)

Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (OJ L 12, 17.1.2015, p. 1).

(4)

Commission Implementing Regulation (EU) 2015/2450 of 2 December 2015 laying down implementing technical standards with regard to the templates for the submission of information to the supervisory authorities in accordance with Directive 2009/138/EC of the European Parliament and of the Council (see page 1 of this Official Journal).