Gibraltar Financial Services Commission Solvency II Full Application Pillar 3 Reporting Technical Update Author John Pashley Date September 2015 Version 1.0 Status For Information

Workshop Objectives To advise filers of the FSC’s delivery plan relating to SII data collection, including activities that require industry participation. To provide an update on EIOPA’s technical documentation, with respect to implementing Solvency II Pillar 3 reporting. To identify key points that filer’s should consider in preparation for meeting their reporting obligations. To update filers on the technology that will be used by the FSC for the collection of SII data from January 2016. To identify topics of interest for a subsequent workshop. Firms remain responsible for ensuring they have conclusive understanding of the legislation and their obligations to comply with EU reporting requirements.

High Level Delivery Plan Taxonomy version with which EIOPA expected to go live for 2016 reporting. Full Application portal available for firms to start testing. Participating firms confirmed to have completed at least one successful test submission. First ITS submission window open. First EIOPA reporting deadline (quarterly).

Responsibilities over the Reporting Chain Regulated Group Solo Entity FSC Level 1 Reporting Collect Transfer Level 2 Reporting Solo Entity Utilise Insurance Undertaking Complete regulatory reporting in accordance with Implementing Technical Standards. Validate Company and Group datasets. Authorise and Submit. National Supervisory Authority Collect data from regulated entities and groups. Validate Gibraltar dataset. Analyse & assess implications. Respond to Firms. European Supervisory Authority Collect data from National Authorities. Validate EU dataset. Analyse & Assess implications. Respond to Regulators.

SII Reporting Specification SII Filing Process 2.2 Publish Supporting Material Implementing Technical Standards Regulated Firm 3.1 Reference Guidance 3.4 Source Data 1 Publish Regulation 2.1 Publish Taxonomy 3.2 Reference Regulation EU Regulation 6.2 Enter Excel Data 7.1 Create XBRL 3.3 Reference Taxonomy (XBRL Upload) XBRL Taxonomy XBRL Document 5 Enter Data Online Excel File 4.1 Map Taxonomy to Data Entry 6.1 Download Excel Template 7.2 Upload XBRL 10 Supply Data To EIOPA 6.3 Upload Excel Software Implementation of SII Reporting Specification Excel XBRL Web 4.2 Publish Forms On Filing Portal FSC Software Vendor FSC Invoke SII Filing Portal XBRL Document 8 Run Compliance Checks 9 Extract XBRL FSC Supervisor

(Some) Sources of Information Prior Legislative Text Prior Legislative Text REGULATION (EU) 2015/35 (Omnibus II) Implementing Regulation (EU) No 2015/?? DIRECTIVE 2003/71/EC Implements DIRECTIVE 2009/138/EC DIRECTIVE 2014/51/EU (Omnibus II) Supplementary Guidance Supplements Or Amends Based on Regulation (EC) No 1060/2009 Implementing Technical Standards Regulation (EU) No 1094/2010 Vendors & Consultancies Regulation (EU) No 1095/2010 Support Tooling Invoke Filing Portal DPM Including DPM DB XBRL Taxonomy Supporting Documents DPM Architect <xml/> XML <xml/> XSD Taxonomy Architecture <xml/> XML <xml/> XSD Tool for Undertakings Filing Rules EIOPA Guidance Etc. Arelle Specialist Software

Many Elements to the ITS Main Package Draft ITS Annotated Templates List of implemented validations Data Point Model XBRL Taxonomy V2.0.0 Published V2.0.1 minor update due by October Candidate recommendation published Additional Material EIOPA DPM Documentation XBRL Taxonomy Documentation Filing Rules (EIOPA -> EBA -> CEN) GFSC Website PRA Filing Manual additional guidance & national discretion

Implementing Regulation (Draft) General Observations Reference to other documentation Noteworthy Points Decreasing Transitional Deadlines Reporting Context Reporting Modules (Entry Points) Filing Indicators Template Observations Content of Submission List All, Provide Detail where Material e.g. S.25.01 Quarterly Aggregation & Annual Detail e.g. S.05.02 Conditional Reporting e.g. S.06.03 Use of Codes e.g. S.06.02 ref. ITS Annex IV & Annex V Annual Quarterly Solo Groups Day 1 ECB 3rd Country SPV

Useful Links EIOPA Gibraltar Financial Services Commission Invoke Solvency II Reporting – Technical Specification https://eiopa.europa.eu/regulation-supervision/insurance/reporting-format Gibraltar Financial Services Commission Preparatory Phase Workshop Presentation http://www.fsc.gi/download/adobe/Solvency2TechnologyWorkshop.pdf SII Reporting Page http://www.fsc.gi/firms/solvencyiireporting.htm Invoke Website: http://www.invoke-software.com/ SII Portal Video: https://www.youtube.com/watch?v=VlZA08nwJKQ XBRL Organisation Standards and related material https://www.xbrl.org/

Filer Checklist Refer to the EIOPA documentation to confirm your ability to source the required reporting data. Ensure you have a Legal Entity Identifier (LEI) for every required entity. Make appropriate arrangements to enable participation in the Testing activities. Consider your operational procedures and advise the FSC if you need changes to your User Profiles. Review the Invoke Portal User Guide. Remember that Data Quality, Accuracy and Completeness are the Filers responsibility under EU legislation. Don’t change the structure of templates that are downloaded into Excel as this may prevent the data from uploading into the Invoke Portal.

Software Demonstration EIOPA Tool for Undertakings Invoke Filing Portal for Solvency II Software Demonstration

Demo Topics General Portal Calendar Navigation Data Entry Web Form Excel Download XBRL Upload Multiple Dimensions Dynamic Sheets Dynamic Columns Dynamic Rows Validation Single Template Multiple Templates Highlighted Cells Approval & Submission

Thank You Questions