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3.52. Within the information reported with regards to SCR, undertakings should
include details of any allowance for reinsurance and financial mitigation
techniques and future management actions used in the SCR calculation
and how these have met the criteria for recognition.
Section III: Supervisory reporting following pre-defined
events
Guideline 44 Supervisory reporting following pre-defined events
3.53. Undertakings should consider as pre-defined events to be reported to the
supervisor those that could reasonably be expected to lead or have
already led to material changes in an undertaking’s or a group’s business
and performance, system of governance, risk profile, and solvency and
financial position. In case of doubt, undertakings should consult
supervisory authorities on whether a given event would classify as a predefined
event.
Guideline 45 Supervisory reporting following pre-defined events
3.54. Undertakings should consider as a pre-defined event the performance of
an additional ORSA in accordance with Article 45(5) of the Directive on
account of a significant change in its risk profile, and report the results of
this ORSA accordingly.
Section IV: Public Disclosure and Supervisory Reporting
– Processes
Guideline 46 Undertakings’ disclosure policy
3.55. Undertakings should, in their disclosure policy :
a) detail who is responsible for drafting the disclosures along with those
who are responsible for reviewing the disclosures;
b) set out processes for completion of the various disclosure requirements
and for review and approval by the administrative, management or
supervisory body before disclosure;
c) outline their view on information already available in the public
domain that they believe is equivalent in nature and scope to the
information requirements in the SFCR;
d) set out their view on the specific information they intend not to
disclose, under the circumstances set out in Article 53(1) of the Directive;
and
e) set out additional information voluntarily disclosed under Article 54 (2)
of the Directive.
18/51
© EIOPA 2011