Further guidance should be given on how an and officially The ITS on valuation “organised recognised market” should be interpreted for participations. guidance on participations and active markets (following IFRS principles). Assets templates are for SII purposes, so SII valuation should be used. Supervisory guidance would be helpful on whether the Solvency II valuation should also be used in Assets D1. – 136. German Insurance BS-C1- cell A6 This comment applies to both A6 and AS6. Association (GDV) We assume that covers participating interests in Please see comment n. “participations” both related and associated undertakings i.e. both ownership and 134 loans. Further guidance should be given on how an and officially “organised recognised market” should be interpreted for participations. Please see comment n. 135 Supervisory guidance would be helpful on whether the Solvency II valuation should also be used in Assets D1. – 137. KPMG BS-C1- cell A6 It is unclear if this line is only applicable to solo reporting or if Holdings in related groups are also required to present participations in this line. If undertakings which are groups are required to present participations in this line, guidance not fully consolidated should be provided on what should be included here. (“line-by-line” will be
Further guidance should be given on how an “organised and officially recognised market” should be interpreted for participations. Supervisory guidance would be helpful on whether the Solvency II valuation should also be used in Assets – D1. The ITS on valuation guidance on participations and active markets (following IFRS principles). Assets templates are for SII purposes, so SII valuation should be used. 136. German Insurance Association (GDV) BS-C1- cell A6 This comment applies to both A6 and AS6. We assume that “participations” covers participating interests in both related and associated undertakings i.e. both ownership and loans. Further guidance should be given on how an “organised and officially recognised market” should be interpreted for participations. Supervisory guidance would be helpful on whether the Solvency II valuation should also be used in Assets – D1. Please see comment n. 134 Please see comment n. 135 137. KPMG BS-C1- cell A6 It is unclear if this line is only applicable to solo reporting or if groups are also required to present participations in this line. If groups are required to present participations in this line, guidance should be provided on what should be included here. Holdings in related undertakings which are not fully consolidated (“line-by-line” will be
Comments_template_QRT_BS_final.docx