Question ID: 393
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 3, 35
Template: S.19.01
Status: Final
Date of submission: 06 Nov 2015
Question
In the Implementing Technical Standard, article 3, data points with the data type "monetary" are required to be in the reporting currency. However, in the LOGs for form S.19.01, it has been indicated that the information in this form should be reported in the original currency.
Does this mean that the monetary items should be reported in reporting currency, unless otherwise stated in the specific LOGs or is the requirement to report in original currencies only applies to this form with all other monetary items required to be reported based on reporting currency?
EIOPA answer
As stated in paragraph 1 of Article 3, “Data points with the data type ‘monetary’ shall be reported in the reporting currency, which requires the conversion of any other currency into the reporting currency unless otherwise stated in this Regulation.” In article 11 g. and k. the exceptions are defined for templates S.16.01 and S19.01. In addition, this was also made clear in the Instructions of those templates.
Thus, as stated in the Instructions, the currency split of these two templates have to be reported in the original currency, unless otherwise specified (i.e.: if the NSA decides that it should be reported in the reporting currency, thus getting back to the general rule of Article 3 of the ITS).