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

Article 256 of the Directive which states that “Articles 51 and 53 to
55 shall apply mutatis mutandis” and Article 254 which states that
“Article 35 shall apply mutatis mutandis”;
• Undertakings belonging to a group in case some specific elements
need to be disclosed or reported on how group-level strategies or
processes are being applied at solo level: only undertakings which
belong to a group, whatever the group is (insurance or not) should
respect those guidelines;
• Participating insurance and reinsurance undertakings or insurance
holdings companies when requirements are only to be applied in the
group SFCR/ RSR: in this case a group is defined within the meaning
of Article 212 and 213 of the Directive.
3.5. Some Guidelines apply only to undertakings and groups undertakings
using an Internal Model to calculate the SCR.
3.6. The Guidelines on predefined events are aimed at further specifying the
requirements set out in Article 35 (2) (a) (ii) and 245 (2) of the Directive,
concerning reporting taking place upon occurrence of such predefined
events.
3.7. If not defined in these Guidelines, the terms have the meaning defined in
the legal acts referred to in the introduction.
Section I: Solvency and Financial Condition Report –
Narrative
Title I: Business & Performance
Guideline 1 Business
3.8. Undertakings should provide the following information regarding their
business:
a) Identification of the corporate entities or the natural persons that are
holders of qualifying holdings, the proportion of ownership interest held
and, if different, the proportion of voting power held;
b) The name and location of the parent and of the ultimate parent entity;
c) A list of material subsidiaries and significant investments in joint controlled
entities and associates including the name, country, proportion of
ownership interest and, if different, proportion of voting power held; in the
case of participating insurance and reinsurance undertakings or insurance
holding companies, this requirement extends to all subsidiaries and
material participations; and
d) A simplified structure chart.
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© EIOPA 2011