Further clarification required: The condition that these borrowings need to be issued in the currency of the government needs clarification. No split should be made between listed and unlisted too – many details will decrease the overview of the Balance sheet. 149. NFU Mutual BS-C1- cell A8 There is an inconsistency between the analysis of Investment Assets Please see comment n. as reported in local GAAP, and that used in SII (certain 35 (on classification) ‘products’ are reported in specific ways locally but have different placement in SII, mostly relates to Government supported items). Should a reanalysis of existing GAAP reporting therefore be required for SII ? 150. RSA Insurance BS-C1- cell A8 It to be clarified, given the link made between this form and Reporting will follow plc Assets-D1, whether accrued interest ought to be included within the valuation rules. In theis valuation here and not separately (i.e. prices). case accrued interest “dirty” should be included. Further clarification can be found in the L3 valuation guidelines. 151. The Phoenix Group BS-C1- cell A8 Please clarify the definition of govenment bonds. Please see comment n. 146. Does this include demonstrably guaranteed by national ‘bonds government’ 152. CEA BS-C1- cell This comment applies to BS-C1-cells-A8A and AS8A. A8A Noted. The CIC table As it currently stands, the CIC does not seem to adequately aims at having a distinguish between different types of risk categories, primarily with classification by both bonds. Financials and Corporates as well as Covered Bonds are all category of asset and
Further clarification required: The condition that these borrowings need to be issued in the currency of the government needs clarification. No split should be made between listed and unlisted – too many details will decrease the overview of the Balance sheet. 149. NFU Mutual BS-C1- cell A8 There is an inconsistency between the analysis of Investment Assets as reported in local GAAP, and that used in SII (certain ‘products’ are reported in specific ways locally but have different placement in SII, mostly relates to Government supported items). Should a reanalysis of existing GAAP reporting therefore be required for SII ? Please see comment n. 35 (on classification) 150. RSA Insurance plc BS-C1- cell A8 It to be clarified, given the link made between this form and Assets-D1, whether accrued interest ought to be included within the valuation here and not separately (i.e. “dirty” prices). Reporting will follow valuation rules. In theis case accrued interest should be included. Further clarification can be found in the L3 valuation guidelines. 151. The Phoenix Group BS-C1- cell A8 Please clarify the definition of govenment bonds. Does this include ‘bonds demonstrably guaranteed by national government’ Please see comment n. 146. 152. CEA BS-C1- cell A8A This comment applies to BS-C1-cells-A8A and AS8A. As it currently stands, the CIC does not seem to adequately distinguish between different types of risk categories, primarily with bonds. Financials and Corporates as well as Covered Bonds are all Noted. The CIC table aims at having a classification by both category of asset and
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