Commission Implementing Regulation (EU) 2015/2450Show full title

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)

S.01.03 — Basic information — RFF and matching adjustment portfolios

General comments:

This section relates to opening and annual submission of information for groups.

All ring–fenced funds and matching portfolios sholud be identified regardless if they are material for the purposes of submission of information.

In the first table all ring–fenced funds and matching adjustments portfolios shall be reported. In case a ring–fenced fund has a matching portfolio not covering the full RFF three funds have to be identified, one for the RFF, other for the MAP inside the RFF and other for the remaining part of the fund (vice–versa for the situations where a MAP has a RFF).

In the second table the relations between the funds as explained in previous paragraph are explained. Only the funds with such relations shall be reported in the second table.

For group reporting the following specific requirements shall be met:

a)

This information is applicable when method 1 as defined in Article 230 of Solvency II Directive is used, either exclusively or in combination with method 2 as defined in Article 233 of Solvency II Directive;

b)

When combination method is being used, this information is to be submitted only for the part of the group calculated with method 1 as defined in Article 230 of Solvency II Directive, and;

c)

This information does not apply to groups when method 2 as defined in Article 233 of Solvency II Directive is being used exclusively.

ITEM INSTRUCTIONS
List of all RFF/MAP (overlaps allowed)
C0010Legal name of the undertakingLegal name of the undertaking within the scope of group supervision that holds the RFF/MAP
C0020Identification code of the undertaking

Identification code of the undertaking, using the following priority:

  • Legal Entity Identifier (LEI)

  • Specific code

When the undertaking uses the option ‘Specific code’ the following shall be considered:

  • For European Economic Area (re) insurance undertakings within the scope of group supervision: identification code used in the local market, attributed by the undertaking's supervisory authority

  • For non–EEA undertakings and non–regulated undertakings within the scope of group supervision, identification code provided will be provided by the group. When allocating an identification code to each non–EEA or non–regulated undertaking, it should comply with the following format in a consistent manner:

    identification code of the parent undertaking + ISO 3166–1 alpha–2 code of the country of the undertaking + 5 digits

C0030Type of code of the ID of the undertaking

Type of ID Code used for the ‘Identification code of the undertaking’ item. One of the options in the following closed list shall be used:

  • 1 — LEI

  • 2 — Specific code

C0040Fund/Portfolio NumberNumber which is attributed by the undertaking, corresponding to the unique number assigned to each ring fenced fund and matching portfolio. This number has to be consistent over time and shall be used to identify the ring fenced funds and the matching portfolio number in other templates.
C0050Name of ring–fenced fund/Matching adjustment portfolio

Indicate the name of the ring fenced fund and matching adjustment portfolio.

When possible (if linked to a commercial product) the commercial name shall be used. If not possible, e.g. if the fund is linked to several commercial products, a different name shall be used.

The name shall be unique and be kept consistent over time.

C0060RFF/MAP/Remaining part of a fund

Indicate if it is a ring fenced fund or a matching portfolio. In the cases where other funds are included within one fund this cell shall identify the type of each fund or sub–fund. One of the options in the following closed list shall be used:

  • 1 — Ring–fenced fund

  • 2 — Matching portfolio

  • 3 — Remaining part of a fund

C0070RFF/MAP with sub RFF/MAP

Identify if the fund identified has other funds embedded. One of the options in the following closed list shall be used:

  • 1 — Fund with other funds embedded

  • 2 — Not a fund with other funds embedded

Only the ‘mother’ fund shall be identified with option 1.

C0080Material

Indicate if the ring–fenced fund or a matching portfolio is material for the purposes of detailed submission of information. One of the options in the following closed list shall be used:

  • 1 — Material

  • 2 — Not material

In case of fund with other funds embedded, this item is to be reported only for the ‘mother’ fund.

C0090Article 304

Indicate whether the RFF is under Article 304 of Solvency II Directive. One of the following option shall be used:

  • 1 — RFF under Article 304 — with the option for the equity risk sub–module

  • 2 — RFF under Article 304 — without the option for the equity risk sub–module

  • 3 — RFF not under Article 304

List of RFF/MAP with sub RFF/MAP
C0100Number of RFF/MAP with sub RFF/MAP

For the funds with other funds embedded (option 1 reported in item C0070) identify the number as defined for item C0040.

The fund shall be repeated for as many rows as needed to report the funds embedded.

C0110Number of sub RFF/MAPIdentify the number of the funds embedded in other funds as defined for item C0040.
C0120Sub RFF/MAP

Identify if the nature of the fund embedded in other funds. One of the options in the following closed list shall be used:

  • 1 — Ring–fenced fund

  • 2 — Matching portfolio