Report on the use of limitations and exemptions in Solvency II reporting in the EEA

The digital report on the use of limitations and exemptions from Solvency II reporting is an annual publication which provides an overview of the number of National Competent Authorities (NCAs) that grant limitations and/or exemptions from Solvency II reporting requirements to ‘solo’ undertakings and groups in the European Economic Area (EEA).

Solo undertakings may be subject to limitations or exemptions to report certain information as follows:

• Limitation: Submit quarterly reporting information of reduced scope, where this information is reported at least annually. All templates, with the exception of the minimum capital requirement (MCR) template, can be subject to a limitation (Article35 (6)).
• Exemption: Be exempted from both quarterly and annual reporting in case of reporting templates on an item-by-item basis under certain conditions (Article 35(7)).

The limitation to regular supervisory reporting can only be granted to undertakings that do not represent more than 20% of a Member State’s life, non-life and reinsurance market share, respectively.

Groups can benefit from limitations and/or exemptions from reporting only if all insurance or reinsurance undertakings within the group would benefit from the corresponding limitation and/or exemption.

Article 35 requires supervisory authorities to give priority to the smallest undertakings when determining the eligibility of the undertakings for those limitations.

Open the digital report