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ARTICLE · 12 JULY 2015

Insurance Regulatory Update - June 2015

Arthur Cox
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On 30 June, the Central Bank published Issue 19 of its Solvency II newsletter, Solvency II Matters.

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Arthur Cox
Arthur Cox
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IN DOMESTIC NEWS...

CENTRAL BANK PUBLISHES SOLVENCY II NEWSLETTER

On 30 June, the Central Bank published Issue 19 of its Solvency II newsletter, Solvency II Matters. The newsletter notes that all the Quantitative Reporting Templates (QRTs) submitted by the required High and Medium High impact firms successfully passed the Central Bank's initial taxonomy checks. The newsletter also reminds High and Medium High impact firms that they must provide quarterly data in respect of the third quarter of 2015 in November. In relation to the unsupported version of the Online Reporting (ONR) test environment for Low and Medium Low impact firms, the newsletter notes that the number of reporting errors has been increased to 100 which should assist firms in their preparations for Solvency II.

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