Q&A 3605: In the revised Directive ( Article 212 (1) fa) and Delegated Acts (Article 335 (1)) that shall be applied as of January 2027, a new type of undertaking " holdin
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Q&A rejected by EIOPA as already covered in its draft ITS on reporting: holding companies of third-country insurance and reinsurance undertakings, a new type of undertaking introduced by the revised Solvency II (applicable from January 2027), are reported in template S.32.01 under code "99, Other" as long as they are not in the closed list of C0050.
Key points
- The proposal is contingent on adoption by the European Commission.
Who is affected
Insurance groups under Solvency II with third-country holding companies.
Deadlines
Revised Solvency II applicable from January 2027.
Plain-language version
From 2027 the new EU insurance rules recognise a new type of company: those that group together insurers from outside the EU. As they do not yet have their own box in the reports, the European insurance supervisor says they should be recorded as "Other" until the Commission approves the new forms.
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Summary produced with artificial intelligence from the official publication. It may contain errors: always check the original document.
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