- Latest available (Revised)
- Point in Time (10/11/2016)
- Original (As adopted by EU)
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 according to Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance)
When the UK left the EU, legislation.gov.uk published EU legislation that had been published by the EU up to IP completion day (31 December 2020 11.00 p.m.). On legislation.gov.uk, these items of legislation are kept up-to-date with any amendments made by the UK since then.
Legislation.gov.uk publishes the UK version. EUR-Lex publishes the EU version. The EU Exit Web Archive holds a snapshot of EUR-Lex’s version from IP completion day (31 December 2020 11.00 p.m.).
Version Superseded: 15/12/2017
Point in time view as at 10/11/2016.
Commission Implementing Regulation (EU) 2015/2450, S.04.01 — Activity by country is up to date with all changes known to be in force on or before 28 September 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
EUR 2015 No. 2450 may be subject to amendment by EU Exit Instruments made by the Prudential Regulation Authority under powers set out in The Financial Regulators' Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115), regs. 2, 3, Sch. Pt. 2. These amendments are not currently available on legislation.gov.uk. Details of relevant amending instruments can be found on their website/s.
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
General comments:
This section relates to annual submission of information for individual entities.
This template is to be reported from an accounting perspective, i.e.: Local GAAP or IFRS if accepted as local GAAP. It shall however be fulfilled using the lines of business as defined in Annex I to Delegated Regulation (EU) 2015/35. Undertakings shall use the recognition and valuation basis as for the published financial statements, no new recognition or re–valuation is required.
When the insurance and reinsurance undertaking has business outside the home–country information shall be reported distinguishing between the home country, each of the other countries belonging to the European Economic Area and material non–EEA countries;
The information in relation to EEA countries shall cover the following:
Business underwritten by the undertaking in the country where it is established;
Business underwritten by the undertaking under freedom to provide services (‘FPS’) in other EEA members;
Business underwritten by each EEA branch in the country where they are established;
Business underwritten by each EEA branch under freedom to provide services in other EEA members;
Premiums written in the country under freedom to provide services by the undertaking or any of the undertaking's EEA branches;
Material non–EEA shall be reported when needed to report at least 90 % of the gross written premiums or if gross written premiums of a non–EEA country are higher than 5 % of the total gross written premiums;
The information not reported by non–EEA country shall be reported as a sum. The localisation of business by country shall depend on where the business is underwritten, meaning that the business performed by a branch under FPS shall be reported under the country where the branch is established.
Information shall include direct business and accepted reinsurance business and be presented gross, without deduction of reinsurance ceded.
ITEM | INSTRUCTIONS | |
---|---|---|
Z0010 | Line of Business | Identification of the line of business as defined in Annex I to Delegated Regulation (EU) 2015/35, reported. The following closed list shall be used:
|
C0010 | Undertaking — Business underwritten in the home country, by the undertaking | Amount of business underwritten in the home country, by the undertaking. This excludes the business underwritten by branches and it excludes the business underwritten through FPS, by the undertaking in the EEA countries different from the home country. |
C0020 | Undertaking — Business underwritten through FPS, by the undertaking in the EEA countries different from the home country | Business underwritten through FPS, by the undertaking in the EEA countries different from the home country. This excludes the business underwritten by branches. |
C0030 | Undertaking — Business underwritten through FPS in the home country, by any EEA branch | Business underwritten through FPS in the home country, by any EEA branch |
C0040 | All EEA members — Total business underwritten by all EEA branches in the country where they are established | Total of business underwritten by EEA branches in the country where they are established. This shall be the sum of C0080 for all branches. |
C0050 | All EEA members — Total business underwritten through FPS, by all EEA branches | Total of business underwritten through FPS by EEA branches in countries of EEA where they are not established. This shall be the sum of C0090 for all branches. |
C0060 | All EEA members — Total of the business underwritten through FPS by the undertaking and all EEA branches | Total of business underwritten through FPS by the undertaking and all EEA branches in EEA countries where they are not established. This shall be the sum of C0100 for all branches. |
C0070 | Total business underwritten by all non–EEA branches | Amount of the business underwritten by all non–EEA branches. |
C0080 | By EEA member — Business underwritten in the considered country, by the EEA branch established in this country | Amount of business underwritten in the country, by the EEA branch that is established in this country. |
C0090 | By EEA member — Business underwritten through FPS, by the EEA branch established in the considered country | Amount of business underwritten through FPS, by the EEA branch in the EEA countries where it is not established. |
C0100 | By EEA member — Business underwritten in the considered country through FPS, by the undertaking or any EEA branch | Amount of business underwritten through FPS, by the undertaking or any EEA branch in the considered country. This column shall be reported in relation to all EEA countries were the undertaking or any branch does business through FPS, except for the home country. In this latter case the relevant amount shall be reported in C0030. |
C0110 | By material non–EEA member — Business underwritten by material non–EEA country branches | Amount of business underwritten by material non–EEA country branches in the country where it is established. |
R0010/C0080 | Country | ISO 3166–1 alpha–2 code of the EEA member where branch is established. |
R0010/C0090 | By EEA member — Country | ISO 3166–1 alpha–2 code of the EEA member where the branch is established |
R0010/C0100 | By EEA member — Country | ISO 3166–1 alpha–2 code of the EEA member where FPS is done |
R0010/C0110 | By material non–EEA member — Country | ISO 3166–1 alpha–2 code of the non–EEA member where branch is established |
R0020 | Premiums written | Definition of premiums written provided in application of directive 91/674/EEC where applicable: gross premiums written shall comprise all amounts due during the financial year in respect of insurance contracts, regardless of the fact that such amounts may relate in whole or in part to a later financial year. |
R0030 | Claims incurred | Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to insurance contracts. This shall exclude claims management expenses. |
R0040 | Commissions | Acquisition expenses incurred, including renewal expenses, which can be identified at the level of individual insurance contract and have been incurred because the undertaking has issued that particular contract. These are commission costs, costs of selling, underwriting and initiating an insurance contract that has been issued. It includes movements in deferred acquisition costs. For reinsurance undertakings, definition shall be applied mutatis mutandis. |
The Whole Regulation you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As adopted by EU): The original version of the legislation as it stood when it was first adopted in the EU. No changes have been applied to the text.
Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different versions taken from EUR-Lex before exit day and during the implementation period as well as any subsequent versions created after the implementation period as a result of changes made by UK legislation.
The dates for the EU versions are taken from the document dates on EUR-Lex and may not always coincide with when the changes came into force for the document.
For any versions created after the implementation period as a result of changes made by UK legislation the date will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. For further information see our guide to revised legislation on Understanding Legislation.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: