Solvency II: Reporting format of National Specific Templates and reporting clarifications

Policy Statement 38/16 | Consultation Paper 40/16

Published on 19 December 2016

Solvency II: Reporting format of National Specific Templates and reporting clarifications – PS38/16

This Prudential Regulation Authority (PRA) Policy Statement (PS) provides feedback to responses to Consultation Paper (CP) 40/16 ‘Solvency II: Reporting format of National Specific Templates and reporting clarifications’.

It sets out final rules to incorporate National Specific Template (NST) information requirements within the Reporting Part of the PRA Rulebook (see Appendix 1) for financial year end 2016 and future financial year ends.

It also:

  • sets out the requirement for firms to report their NSTs in Excel templates designed using XBRL principles; and
  • provides updated LOG files to accompany NSTs to reflect changes in cell references, reporting clarifications and technical corrections.

The Excel templates and accompanying LOG files are available on the Regulatory reporting for Solvency II firms webpage.

This PS is relevant to all UK Solvency II firms required to submit NSTs and to Lloyd’s.

PDFPolicy Statement 38/16

PDFPRA Rulebook: Solvency II firms: Reporting instrument 2016


Published on 16 November 2016

Solvency II: Reporting format of National Specific Templates and reporting clarifications – CP40/16

In this consultation paper (CP), the Prudential Regulation Authority (PRA) proposes changes to National Specific Template (NSTs) in respect of the file type and reporting format for the 2016 financial year end and future financial year ends, and presents a number of reporting clarifications and technical corrections relating to the accompanying NST LOG files.

The CP is relevant to all UK Solvency II firms required to submit NSTs and to Lloyd’s. 

The NSTs contain information that is considered to be specific to the UK market and supervisory approach and are in addition to the Solvency II annual and quarterly reporting. The NSTs and accompanying LOG files are published on the regulatory reporting for Solvency II firms page of the Bank of England website.

In Policy Statement (PS) 2/15 ‘Solvency II: a new regime for insurers’, the PRA published NSTs and accompanying LOG files. The templates are currently published in Excel format. In paragraph 12.13, the PRA said it expected to move to XBRL (eXtensible Business Reporting Language) reporting and would consult on any change in reporting format. 

Summary of proposals

Specifically the PRA proposes:

a) reporting for financial year end 2016 and future financial year ends whereby firms submit NSTs in Excel templates, that have been designed using XBRL principles (see Appendix 3); 
b) the information requirements for NSTs are brought into the Reporting Part of the PRA Rulebook; and
c) updates to the NST LOG files to reflect changes in cell references, reporting clarifications and technical corrections.

The PRA will consult in a later CP on new proposals moving towards XBRL reporting of NSTs.

Responses

This consultation closed on Tuesday 13 December 2016.

PDFConsultation Paper 40/16

Number and template name Template  LOG file 
NS.00 - Basic information and content of submission Excel Download XLS  PDF Download PDF 
NS.01 - With-profits value of bonus Excel Download XLS  PDFDownload PDF
NS.02 - With-profits assets and liabilities Excel Download XLS  PDF Download PDF 
NS.03 - Material pooling arrangements Excel Download XLS  PDF Download PDF 
NS.04 - Assessable mutuals Excel Download XLS  PDF Download PDF 
NS.05 - Revenue account life Excel Download XLS  PDF Download PDF 
NS.06 - Business model analysis (life) Excel Download XLS  PDF Download PDF 
NS.07 - Business model analysis non-life Excel Download XLS  PDF Download PDF 
NS.08 - Business model analysis – financial guarantee insurers Excel Download XLS  PDF Download PDF 
NS.09 - Best estimate assumptions for life insurance risks Excel Download XLS  PDF Download PDF 
NS.10 - Projection of future cash flows (best estimate - non-life: liability claim types) Excel Download XLS  PDF Download PDF 
NS.11 - Non-life claim development information (general liability sub-classes) Excel Download XLS  PDF Download PDF 
NS.12 - The Society of Lloyd's solvency capital requirement Excel Download XLS  PDF Download PDF 
NS.13 - The Society of Lloyd's minimum capital requirement ExcelDownload XLS PDF Download PDF 
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