1. 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

2. 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.

3. 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).

4. 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.

5. 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

6. (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

7. 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

8. 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 ref. ITS Annex IV & Annex V
Annual
Quarterly
Solo
Groups
Day 1
ECB
3rd Country
SPV

9. Useful Links EIOPA Gibraltar Financial Services Commission Invoke
Solvency II Reporting – Technical Specification
Gibraltar Financial Services Commission
Preparatory Phase Workshop Presentation
SII Reporting Page
Invoke
Website:
SII Portal Video:
XBRL Organisation
Standards and related material

10. 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.

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

12. 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

13. Thank You
Questions