Consultation Paper on the draft proposal for ... - Eiopa - Europa

after the end of the transition date).
h) In case a method has been used to determine the amount of an
ancillary own fund item a disclosure of:
• how the valuation provided by the method has varied over
time;
• which inputs to the methodology have been the principal
drivers for this movement; and
• the extent to which the method takes account of past
experience, for example the outcome of past calls, and how the
amount calculated is affected.
i) The total excess of assets over liabilities within ring-fenced funds,
the split between those which are deducted and those which are not
and the extent of and reasons for significant restrictions, deductions
or encumbrances, including any relating to participations.
j) The description of each material ancillary own fund item should
include information on the form of arrangement and the nature of
the basic own funds items it would become on being called up or
satisfied (including the tier), as well as when the item was agreed by
the supervisory authority and for how long.
4.61. Member States have different accounting practices, and the specific
circumstances of individual undertakings within a Member State will also
vary. Both these facts will affect the nature and extent of the
explanations provided by individual undertakings.
4.62. Disclosure of items which reduce the reconciliation reserve such as
foreseeable dividends and own shares held is always considered
appropriate.
Guideline 23 Own funds
Participating insurance and reinsurance undertakings or insurance
holding companies should disclose information regarding their own
funds including:
a) Which own funds items have been issued by an undertaking of
the group other than the participating insurance and reinsurance
undertakings or insurance holding companies;
b) The currency used to disclose own fund items should be the
same currency used in the ‘group returns’ (the local currency).
Where own fund items are denominated at the solo level in a
currency other than the local currency, details should be provided
identifying those own funds, their issuing undertaking, the
currency that they are denominated in and a reconciliation
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© EIOPA 2011