Division (4) Annex III to Implementing Regulation (EU) 2015/2450 is corrected as follows:

In S.11.01 the 11^th paragraph, second bullet, the 12^th paragraph, second bullet and the 14^th paragraph, second bullet of the general comments are replaced by the following:

‘—

The assets held directly (i.e. not on a look–through basis) as collateral by participating insurance and reinsurance undertakings or insurance holding companies or mixed–financial holding companies shall be reported item by item;’;

In S.11.01 the 15^th paragraph, second bullet of the general comments is replaced by the following:

‘—

The assets held directly (i.e. not on a look-through basis) as collateral by participating insurance and reinsurance undertakings or insurance holding companies or mixed-financial holding companies under method 2 shall be reported item by item;’;

In S.11.01 the 11^th paragraph, third bullet and 14^th paragraph, third bullet of the general comments are replaced by the following:

‘—

The assets held directly (i.e. not on a look–through basis) as collateral by undertakings consolidated in accordance with Article 335, paragraph 1, (a), (b) and (c) in of Delegated Regulation (EU) 2015/35 shall be reported item by item;’;

In S.11.01 the 12^th paragraph, third bullet of the general comments is replaced by the following:

‘—

The assets held directly (i.e. not on a look–through basis) as collateral by insurance and reinsurance undertakings, insurance holding companies, ancillary services undertakings and special purpose vehicle which are subsidiaries (European Economic Area, equivalent non–European Economic Area and non–equivalent non–European Economic Area) shall be reported item by item by undertaking;’;

In S.11.01 the 15^th paragraph, third bullet of the general comments, is replaced by the following:

‘—

The assets held directly (i.e. not on a look–through basis) as collateral by insurance and reinsurance undertakings, insurance holding companies, ancillary services undertakings and special purpose vehicle which are subsidiaries under method 2 (European Economic Area, equivalent non–European Economic Area and non–equivalent non–European Economic Area) shall be reported item by item by undertaking;’;

In S.23.01 the row R0230/C0050 is added (after R0230/C0040):

‘

R0230/C0050

Deductions for participations in other financial undertakings, including non–regulated undertakings carrying out financial activities — Tier 3

This is the deduction of the participations in credit institutions, investment firms, financial institutions, alternative investment fund managers, UCITS management companies, institutions for occupational retirement provisions, non–regulated undertakings carrying out financial activities, including the participations that are deducted according to Article 228, paragraph 2 of the Directive 2009/138/EC. Those participations are deducted from basic own funds and added back as own funds according to the relevant sectoral rules in the rows from R0410 to R0440, thereby facilitating the calculation of SCR ratios both excluding and including other financial sector entities — Tier 3.

’

In S.23.01 the row R0440/C0050 is added (after R0440/C0040):

‘

R0440/C0050

Total own funds of other financial sectors — Tier 3

Total of own funds in other financial sectors –Tier 3. The total own funds deducted in cell R0230/C0010 are brought back here after the adjustment for non-available own funds according to the relevant sectoral rules and after the deduction according to Article 228, paragraph 2 of the Directive 2009/138/EC.

’

In S.23.01.R0520/C0010 the instructions are replaced by the following:

‘This is the total own funds of the undertaking, comprising basic own funds after deductions, plus ancillary own funds, that are available to meet the consolidated group SCR but excluding the own funds from other financial sector and from the undertakings included via D&A.’;

In S.23.01.R0520/C0020 the instructions are replaced by the following:

‘This is the own funds of the undertaking, comprising basic own funds after deductions, that are available to meet the consolidated group SCR but excluding the own funds from other financial sector and from the undertakings included via D&A and that meet the criteria to be included in Tier 1 unrestricted items.’;

In S.23.01.R0520/C0030 the instructions are replaced by the following:

‘This is the own funds of the undertaking, comprising basic own funds after deductions, that are available to meet the consolidated group SCR but excluding the own funds from other financial sector and from the undertakings included via D&A and that meet the criteria to be included in Tier 1 restricted items.’;

In S.23.01.R0520/C0040 the instructions are replaced by the following:

‘This is the own funds of the undertaking, comprising basic own funds after deductions, plus ancillary own funds, that are available to meet the consolidated group SCR but excluding the own funds from other financial sector and from the undertakings included via D&A and that meet the criteria to be included in Tier 2.’;

In S.23.01.R0520/C0050 the instructions are replaced by the following:

‘This is the own funds of the undertaking, comprising basic own funds after deductions, plus ancillary own funds, that are available to meet the consolidated group SCR but excluding the own funds from other financial sector and the undertakings included via D&A and that meet the criteria to be included in Tier 3.’;

In S.23.01.R0530/C0010 the instructions are replaced by the following:

‘This is the total own funds of the undertaking, comprising basic own funds after deductions, that are available to meet the minimum consolidated group SCR, excluding the own funds from other financial sector and from the undertakings included via D&A.’;

In S.23.01.R0530/C0020 the instructions are replaced by the following:

‘This is the own funds of the undertaking, comprising basic own funds after deductions, that are available to meet the minimum SCR for a group and that meet the criteria to be included in Tier 1 unrestricted.’;

In S.23.01.R0530/C0030 the instructions are replaced by the following:

‘This is the own funds of the group, comprising basic own funds after deductions, that are available to meet the minimum SCR for a group and that meet the criteria to be included in Tier 1 restricted items.’;

In S.23.01.R0530/C0040 the instructions are replaced by the following:

‘This is the own funds of the undertaking, comprising basic own funds after deductions, that are available to meet the minimum SCR for a group and that meet the criteria to be included in Tier 2.’;

In S.23.01.R0680/C0010 the instructions are replaced by the following:

‘The group SCR is the sum of the consolidated group SCR calculated in accordance with Article 336, (a), (b), (c) and (d) of Delegated Regulation (EU) 2015/35 (R0590/C0010) and the SCR for entities included with D&A (R0670/C0010).’;

In S.25.02.C0070 the instructions are replaced by the following:

‘For each component this cell represents the amount calculated according to the partial internal model. Therefore, the amount calculated with the Standard Formula shall be the difference between the amounts reported in C0030 and C0070.’;

In S.32.01.C0140 the instructions are replaced by the following:

‘(Re)insurance undertakings shall report their underwriting performance in accordance with their financial statements. A monetary amount shall be reported. The currency used shall be the group reporting currency.’;

In S.32.01.C0150 the instructions are replaced by the following:

‘(Re)insurance undertakings shall report their investment performance in accordance with their financial statements. A monetary amount shall be reported. The currency used shall be the group reporting currency.

This value shall not include any value already reported in C0140.’;

In S.32.01.C0160 the instructions are replaced by the following:

‘All the related undertakings within the scope of group supervision, in the meaning of Article 212(1)(c) of Directive 2009/138/EC, shall report their total performance in accordance with their financial statements. A monetary amount shall be reported. The currency used shall be the group reporting currency.’;

In S.36.01, S.36.02, S.36.03 and S.36.04 the third paragraph of the general comments is deleted.