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Division III ITEM DEFINITIONS FOR THE DISCLOSURE OF AGGREGATE STATISTICAL DATA ON SUPERVISORY AUTHORITIES

United Kingdom

Original text. Later amendments are not shown.

ITEM CELL NUMBER DEFINITION
The structure of the supervisory authorityB1aAn organisational schema or chart displaying at least the main divisions, departments or units within the supervisory authority.
The number of staff at the end of the calendar yearB1bThe number of staff as full time equivalent working directly in the field of prudential insurance supervision as well as ancillary staff supporting those working directly in prudential insurance supervision (e.g. Information Technology) in the supervisory authority at the end of the calendar year. The number of staff is calculated on a best effort basis.
The total number of on-site inspections undertaken both at solo and group levelB2a

On-site inspection refers to an organised assessment or formal evaluation exercise, within the field of prudential insurance regulation, performed at the location of the supervised undertaking, or the service providers to whom the supervised undertaking has outsourced functions, which leads to the issuing of a document communicated to the undertaking.

As examples, the following procedures are not regarded as on-site inspections, even though they may form part of the detailed review of an undertaking by the supervisory authority:

  1. a))

    Supervisory visits or meetings at the supervisory authority's premises or at the undertaking's premises, not resulting in a document communicated to the undertaking;

  2. b))

    Exploratory meetings or presentations from insurance and reinsurance undertakings to supervisory authority;

  3. c))

    Supervisory visits to understand more about certain specific issues, which can be considered fact-finding exercises.

Of which, the number of regular inspectionsB2aaA regular inspection is a scheduled on-site inspection arising from the supervisory plan.
Of which, the number of ad-hoc inspectionsB2abAn ad-hoc inspection is an on-site inspection that does not necessarily result from risk assessment framework process or has not been initially defined in the supervisory plan. However typically the need for ad-hoc inspections arises when the supervisory plan has to be adjusted to reflect the supervisory authorities' constraints or other new priorities. It could be triggered, for instance, when the supervisory authority becomes aware of a situation that calls for further investigations to be conducted on-site.
Of which, the number of on-site inspections mandated to third partiesB2ac
Of which, the number of on-site inspections under group supervision which were undertaken jointly with other members of the group's College of supervisorsB2ad
Of which, the total number of inspections conducted in order to review and evaluate the reliance of undertakings on external ratingsB2ae
The total number of man-days spent on on-site inspections both at solo and group levelB2b
The number of formal reviews of ongoing compliance of full or partial internal models with the requirements both at solo and group levelB3
Of which, the number of reviews conducted in order to review and evaluate the reliance of undertakings on external ratingsB3a
The number of partial and of full internal models submitted for approval at solo levelB4a
Of which, the number of partial and of full internal models which scope includes credit risk in both market risk and counterparty default risk submitted for approval at solo levelB4aa
The number of successful applications for approval of partial and of full internal models at solo levelB4b
Of which, the number of partial and of full internal models which scope includes credit risk in both market risk and counterparty default risk at solo levelB4ba
The number of partial and of full internal models submitted for approval at group levelB4c
Of which, the number of partial and of full internal models which scope includes credit risk in both market risk and counterparty default risk submitted for approval at group levelB4ca
The number of successful application for approval of partial and of full internal models at group levelB4d
Of which, the number of partial and of full internal models which scope includes credit risk in both market risk and counterparty default risk at group levelB4da
The number of corrective measures taken, as defined by Articles 110 of Directive 2009/138/ECB5aThe number of cases when the supervisory authority required the undertaking to replace a subset of the parameters used in the standard formula calculation by parameters specific to that undertaking when calculating the life, non-life and health underwriting risk modules because of a significant deviation between undertaking's risk profile and assumptions underlying standard formula.
The number of corrective measures taken, as defined by Articles 117 of Directive 2009/138/ECB5bThe number of cases when the supervisory authority required the undertaking to revert to calculate the Solvency Capital Requirement in accordance with the standard formula, because of non-compliance with internal models standards.
The number of corrective measures taken, as defined by Articles 119 of Directive 2009/138/ECB5cThe number of cases when the supervisory authority required the undertaking to use an internal model to calculate the Solvency Capital Requirement, or the relevant risk modules, because of a significant deviation between undertaking's risk profile and assumptions underlying standard formula.
Of which, the number of corrective measures which were triggered by a deviation of the risk profile of the insurance or reinsurance undertakings with respect to their credit riskB5caThe number of cases when the supervisory authority required the undertaking to use an internal model to calculate the Solvency Capital Requirement, or the relevant risk modules because the risk profile of insurance or reinsurance undertaking deviated significantly with respect to its credit risk.
The number of corrective measures taken, as defined by Articles 137 of Directive 2009/138/ECB5dThe number of cases when the supervisory authority prohibited the free disposal of an undertaking's assets when the undertaking did not comply with rules relating to technical provisions.
The number of corrective measures taken, as defined by Articles 138 of Directive 2009/138/ECB5eThe number of cases when the supervisory authority restricted or prohibited the free disposal of the assets of that undertaking when the undertaking did not comply with Solvency Capital Requirement
The number of corrective measures taken, as defined by Articles 139 of Directive 2009/138/ECB5fThe number of cases when the supervisory authority restricted or prohibited the free disposal of the assets of the insurance or reinsurance undertaking when the undertaking did not comply with Minimum Capital Requirement
The number of authorisations withdrawnB6Withdrawn means a complete withdrawal of authorisation for an undertaking to conduct business and would not include for instance withdrawal of an authorisation only for a particular class of business or reinsurance activity where that insurance or reinsurance undertaking continues to be authorised for other classes or activities.
The number of authorisations granted to insurance or reinsurance undertakingsB7The number of new authorisations in that calendar year. New authorisations means authorisations for new insurance or reinsurance undertaking and would not include for instance extensions of authorisations (i.e. to other classes of business) for insurance and reinsurance undertakings that are already authorised.
The criteria used for the application of capital add-onsB8a
The criteria used for the calculation of capital add-onsB8b
The criteria used for the removal of capital add-onsB8c
The number of applications submitted to the supervisory authorities to use the matching adjustment referred to in Article 77b Directive 2009/138/EC.B9
Of which, the number of successful applications to use the matching adjustment referred to in Article 77b Directive 2009/138/ECB9a
The number of applications submitted to the supervisory authorities to use the volatility adjustment referred to in Article 77d of Directive 2009/138/ECB10This is only applicable where the Member State has chosen to require prior approval for use of the volatility adjustment.
Of which, the number of successful applications to use the volatility adjustment referred to in Article 77d of Directive 2009/138/ECB10aThis is only applicable where the Member State has chosen to require prior approval for use of the volatility adjustment.
The number of extensions granted in accordance with Article 138(4) of Directive 2009/138/ECB11aThe number of extensions granted of the period to ensure compliance with the Solvency Capital Requirement in the event of an exceptional adverse situations.
The average duration of extensions granted in accordance with Article 138(4) of Directive 2009/138/ECB11bThe sum of all the durations of the extensions granted in accordance with Article 138(4) of Directive 2009/138/EC divided by cell B11a.
The number of authorisations granted in accordance with Article 304 of Directive 2009/138/ECB12The number of authorisations granted to use the duration based equity risk sub-module for the Solvency Capital Requirement calculation.
The number of applications submitted to the supervisory authority to use the transitional risk-free interest rate term structure referred to in Article 308c Directive 2009/138/ECB13
Of which, the number of successful applications to use the transitional risk-free interest rate term structure referred to in Article 308c Directive 2009/138/ECB13a
The number of decisions to revoke the approval of this transitional measure pursuant to Article 308e of Directive 2009/138/EC.B13b
The number of applications submitted to the supervisory authority to use the transitional deduction to technical provisions referred to in Article 308d Directive 2009/138/ECB14
Of which, the number of successful applications to use the transitional deduction to technical provisions referred to in Article 308d Directive 2009/138/ECB14a
The number of meetings of Colleges of supervisors which the supervisory authority attended as a memberB15aThe number of meetings organised in accordance with articles 248(1)(e) and 249(2) of Directive 2009/138/EC which the supervisory authority attended as a member, but not as the group supervisor. This includes physical meetings and meetings held through other means, such as teleconferences. It also includes meetings comprising a reduced number of supervisory authorities in accordance with the third sub-paragraph of Article 248(3) of Directive 2009/138/EC, such as meetings of specialised teams, but does not include bilateral discussions between two supervisory authorities belonging to the college of supervisors. This item also does not include meetings of crisis management groups, since their establishment is not based on Directive 2009/138/EC.
The number of meetings of Colleges of supervisors which the supervisory authority chaired as group supervisorB15bThe number of meetings organised in accordance with articles 248(1)(e) and 249(2) of Directive 2009/138/EC of Colleges of supervisors which the supervisory authority chaired as group supervisor. This includes physical meetings and meetings held through other means, such as teleconferences. It also includes meetings comprising a reduced number of supervisory authorities in accordance with the third sub-paragraph of Article 248(3) of Directive 2009/138/EC, such as meetings of specialised teams, but does not include bilateral discussions between two supervisory authorities belonging to the college of supervisors. This item also does not include meetings of crisis management groups, since their establishment is not based on Directive 2009/138/EC.
The number of applications submitted to the supervisory authorities for the approval of ancillary own fundsB16a
Of which, the number of successful applications for approval of ancillary own fundsB16aa
The main features of the approved items of ancillary own fundsB16b
The number of applications submitted to the supervisory authorities for approval of the assessment and classification of own-fund items, which are not covered by the lists laid down in Articles 69, 72, 74, 76 and 78 of Delegated Regulation (EU) 2015/35B17a
Of which, the number of successful applications for the approval of the assessment and classification of own-fund items, which are not covered by the lists laid down in Articles 69, 72, 74, 76 and 78 of Delegated Regulation (EU) 2015/35B17aa
The main features of the approved own-fund items, which are not covered by the lists laid down in Articles 69, 72, 74, 76 and 78 of the Delegated Regulation (EU) 2015/35B17b
The method used to assess and classify the approved own-fund items, which are not covered by the relevant lists laid down in Articles 69, 72, 74, 76 and 78 of the Delegated Regulation (EU) 2015/35B17c
The number of peer review analyses organised and conducted by EIOPA in accordance with Article 30 of Regulation (EU) No 1094/2010, in which the supervisory authority participatedB18a
The scope of peer review analyses organised and conducted by EIOPA in accordance with Article 30 of Regulation (EU) No 1094/2010, in which the supervisory authority participatedB18b