S.L. 403.23 ст. 8Transitional measures on submission of information by undertakings subject to group supervision. S.L.403.17 S.L.403.17 S.L.403.17 S.L.403.17

(1) Where group supervision applies in accordance with regulation 3 of the Insurance Business (Supervision of Insurance and Reinsurance Undertakings in a Group) Regulations, the submission of the annual quantitative templates pursuant to Article 254 of the Solvency II Directive shall be submitted by not later than:

(a) 26 weeks after the financial year end of the participating insurance or reinsurance undertaking, the ultimate insurance holding company or the ultimate mixed financial holding company in relation to its financial year ending on or after 30 January 2016 but before 1 January 2017;

(b) 24 weeks after the financial year end of the participating insurance or reinsurance undertaking, the ultimate insurance holding company or the ultimate mixed financial holding company in relation to its financial year ending on or after 1 January 2017 but before 1 January 2018;

(c) 22 weeks after the financial year end of the participating insurance or reinsurance undertaking, the ultimate insurance holding company or the ultimate mixed financial holding company in relation to its financial year ending on or after 1 January 2018 but before 1 January 2019;

(d) 20 weeks after the financial year end of the participating insurance or reinsurance undertaking, the ultimate insurance holding company or the ultimate mixed financial holding company in relation to its financial year ending on or after 1 January 2019 but before 1 January 2020.

(2) Where group supervision applies in accordance with regulation 3 of the Insurance Business (Supervision of Insurance and Reinsurance Undertakings in a Group) Regulations, the submission of the group solvency and financial condition report pursuant to Article 256 of the Solvency II Directive shall be submitted by no later than:

(a) 26 weeks after the financial year end of the participating insurance or reinsurance undertaking, the ultimate insurance holding company or the ultimate mixed financial holding company in relation to its financial year ending on or after 30 January 2016 but before 1 January 2017;

(b) 24 weeks after the financial year end of the participating insurance or reinsurance undertaking, the ultimate insurance holding company or the ultimate mixed financial holding company in relation to its financial year ending on or after 1 January 2017 but before 1 January 2018;

(c) 22 weeks after the financial year end of the participating insurance or reinsurance undertaking, the ultimate insurance holding company or the ultimate mixed financial holding company in relation to its financial year ending on or after 1 January 2018 but before 1 January 2019;

(d) 20 weeks after the financial year end of the participating insurance or reinsurance undertaking, the ultimate insurance holding company or the ultimate mixed financial holding company in relation to its financial year ending on or after 1 January 2019 but before 1 January 2020.

(3) Where group supervision applies in accordance with regulation 3 of the Insurance Business (Supervision of Insurance and Reinsurance Undertakings in a Group) Regulations, the submission of the quarterly quantitative templates pursuant to Article 254 of the Solvency II Directive shall be submitted by not later than:

(a) 14 weeks related to any quarter ending on or after 1 January 2016 but before 1 January 2017;

(b) 13 weeks related to any quarter ending on or after 1 January 2017 but before 1 January 2018;

(c) 12 weeks related to any quarter ending on or after 1 January 2018 but before 1 January 2019;

(d) 11 weeks related to any quarter ending on or after 1 January 2019 but before 1 January 2020.

(4) Notwithstanding sub-regulations (2) and (3) of regulation 9 of the Insurance Business (Supervision of Insurance and Reinsurance Undertakings in a Group) Regulations, where an authorised insurance undertaking or an authorised reinsurance undertaking is subject to group supervision, the transitional measures referred to in sub-regulations (1), (2) and (3) shall apply mutatis mutandis.