Preparatory Solvency II Reporting Industry Presentation

Preparatory Solvency II Reporting Online Reporting Demo Brian Dooley Project Manager Solvency II Data & Reporting 13th April 20152

Agenda Welcome Introductions Today’s objective What is not being covered today System demonstration Key timelines Further support Q&A

Preparatory Solvency II Reporting Online Reporting Demo Barry Murray Information Management and Technology Directorate 13th April 20154

Assumptions All attendees have access or are familiar with Online Reporting platform. All attendees are aware that XBRL has been mandated as only reporting format for Preparatory Solvency II reporting. All attendees are familiar with XBRL and constructs. All XBRL instance files will be generated against taxonomy v.1.5.2c. All XBRL instance files will reference level 1 entry points of taxonomy. Key Assumptions 13th April 20155

Preparatory Solvency II Return Types Individual Return Types Group Return Types Return Types Return TypeReporting Format Solvency II Preparatory Annual Report - Individual.xbrl Solvency II Preparatory Quarterly Report - Individual.xbrl Solvency II Preparatory Narrative Report - Individual.xls,.xlsx,.doc,.docx or pdf Return TypeReporting Format Solvency II Preparatory Annual Report - Group.xbrl Solvency II Preparatory Quarterly Report - Group.xbrl Solvency II Preparatory Narrative Report - Group.xls,.xlsx,.doc,.docx or pdf 13th April 20156

File Naming Convention For all return types, the name of the file must be in the following format: “CCCCCCC_YYYYMMDD_XXXXXX_XXXXX.ext” where CCCCCCC is the institution code (The 6/7 institution alphanumeric code used for logging into Online Reporting) YYYYMMDD is the return reporting date (not submission date) e.g XXXXXX_XXXXX is the Solvency II “Return File type” on the ONR system (see next slide for individual Return type file names).ext is the file extension. – For XBRL files it must be either ‘.xbrl’ or ‘.zip’ – For Narrative files it must be either.xls,.xlsx,.doc,.docx or pdf. File naming Standards 13th April 20157

File Naming Examples File Naming Standards Return TypeFile name Example Solvency II Preparatory Annual Report - IndividualC997105_ _SolvencyIIPrepAnnualReturn_Individual.xbrl Solvency II Preparatory Quarterly Report - IndividualC997105_ _SolvencyIIPrepQuarterlyReturn_Individual.xbrl Solvency II Preparatory Narrative Report - IndividualC997105_ _SolvencyIIPrepNarrativeReport_Individual.xbrl Solvency II Preparatory Annual Report - GroupC997105_ _SolvencyIIPrepAnnualReturn_Group.xbrl Solvency II Preparatory Quarterly Report - GroupC997105_ _SolvencyIIPrepQuarterlyReturn_Group.xbrl Solvency II Preparatory Narrative Report - GroupC997105_ _SolvencyIIPrepNarrativeReport_Group.xbrl The above examples use: Institution Code – C Reporting Date – 31 st December th April 20158

Online Reporting XBRL Submission The look and feel of Online Reporting will not change New return types will be added to the system for Preparatory Solvency II Existing return types will remain unchanged User Access will be automatically granted to firm administrators for the new return types Data for the Preparatory Solvency II return types can only be submitted using the file upload functionality i.e. no alternative input methods will be provided For XBRL return types, validation errors from the validation engine will be displayed to the user on the Online Reporting system Online Reporting XBRL Submission 13th April 20159

XBRL Submission – Return Types Online Reporting XBRL Submission 13th April

XBRL Submission – Return Type Options Online Reporting XBRL Submission 13th April

XBRL Submission – Returns Online Reporting XBRL Submission 13th April

XBRL Submission - Sections Online Reporting XBRL Submission 13th April

XBRL Submission – Section Files Online Reporting XBRL Submission 13th April

XBRL Submission – File Upload Online Reporting XBRL Submission 13th April

XBRL Submission – View Uploaded Files Online Reporting XBRL Submission 13th April

XBRL Submission – File Upload Status Online Reporting XBRL Submission 13th April

XBRL Submission – Section Files Online Reporting XBRL Submission 13th April

Key Points Preparatory Solvency II XBRL returns must be submitted in XBRL format only No web form solution will be available for data input Firm’s responsibility to create valid XBRL instance files No partial XBRL uploads will be accepted Direct visualisation of submission will be through Excel only. N.B All XBRL instances should be validated against the relevant taxonomy before being uploaded to the Online Reporting system Only fully validated XBRL instances will be accepted Online Reporting XBRL Submission 13th April

The schema reference must refer to a valid entry point for level 1 reporting for taxonomy v1.5.2c as in following table. XBRL Instance Files XBRL Return TypeModule/Entry Point Solvency II Preparatory Annual Report - Individualhttp://eiopa.europa.eu/eu/xbrl/s2md/fws/solvency/solvency2/ /mod/ars.xsd Solvency II Preparatory Quarterly Report - Individualhttp://eiopa.europa.eu/eu/xbrl/s2md/fws/solvency/solvency2/ /mod/qrs.xsd Solvency II Preparatory Annual Report - Grouphttp://eiopa.europa.eu/eu/xbrl/s2md/fws/solvency/solvency2/ /mod/arg.xsd Solvency II Preparatory Quarterly Report - Grouphttp://eiopa.europa.eu/eu/xbrl/s2md/fws/solvency/solvency2/ /mod/qrg.xsd Please note that the all contexts referenced in the XBRL instance file must contain the following details: The identifier scheme – The entity identifier – This refers to the institution code used for logging into Online Reporting. The period must refer to a valid reporting date for the institution and return type being submitted. 13th April

Narrative Returns File Validation Errors – examples include the following: – Adhere to standard file naming standards – Valid content type for file type – Valid reporting date for institution and return type XBRL Returns File Validation Errors – as for narrative returns Filing Rules – awaiting finalised set from EIOPA Formula Assertions – published in taxonomy Online Reporting Validations Types of Validation 13th April

XBRL Submission – File Error Example Online Reporting Validations 13th April

XBRL Submission – Filing Rule Example Online Reporting Validations 13th April

XBRL Submission – Assertion Error Example Online Reporting Validations 13th April

For valid files, the following tasks will be performed: For XBRL returns – One to confirm acceptance of file – Second to confirm Excel file generated. For Narrative Returns – No as redirected to section files page if file valid. Final Steps – Finalise Return – Separate user to sign off return. – sent to confirm receipt of return. Submitting Returns Submitting a Return 13th April

Key Dates (subject to change) Test Environment: ( Available from Wednesday 15 th April Full set of Preparatory Solvency II Returns All returns will use reporting date of 31 st December Live Environment: ( Available from Wednesday 13 th May Full set of Preparatory Solvency II Returns All returns will use your year-end date as reporting date. The submission/due date will be 3 rd June Key Dates 13th April

Online Reporting User Guides General System Guidance Material – Preparatory Solvency II XBRL & Narrative Upload Manuals Preparatory Solvency II Taxonomy – Taxonomy package and documentation – DPM Dictionary and Annotated Templates – Filing Rules – Draft version with final version still to be published by EIOPA. Rule identifiers implemented are different from those in latest draft published No rules implemented for section V Codes and Types of Codes. Rules 1.4, 1.5(a), 1.5(b), 2.8(a), 2.8(b) and 3.4 have been disabled. May be enabled when final version published and implemented (TBC). – Business Validation Rules (Active and Deactivated) T4U – Tool for Undertakings Useful Links 13th April

Technical Queries - Online Reporting Access Queries XBRL Validation Errors Queries Other technical Issues Business Queries - How to complete templates Any other business related issues Key Contact Points 13th April

Questions. 13th April