ANNEX I

2.Annex II to Implementing Regulation (EU) 2015/2452 is amended as follows:

  1. (a)

    In section S.05.02 — General comments — the third paragraph is replaced by the following:

    The template is based on a year-to-date basis. Undertakings shall use the recognition and valuation basis as for the published financial statements, no new recognition or re-valuation is required except for the classification between investment contracts and insurance contracts when this is applicable in the financial statements. This template shall include all insurance business regardless of the possible different classification between investment contracts and insurance contracts applicable in the financial statements.