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Preparatory Solvency II Reporting
Industry Presentation
13th April 2015 2
Preparatory Solvency II ReportingOnline Reporting Demo
Brian Dooley
Project Manager
Solvency II Data & Reporting
Agenda
• Welcome
• Introductions
• Today’s objective
• What is not being covered today
• System demonstration
• Key timelines
• Further support
• Q&A
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Preparatory Solvency II Reporting
Online Reporting DemoBarry Murray
Information Management and Technology Directorate
13th April 2015 5
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
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Preparatory Solvency II Return Types
• Individual Return Types
• Group Return Types
Return Types
Return Type Reporting FormatSolvency II Preparatory Annual Report - Individual .xbrlSolvency II Preparatory Quarterly Report - Individual .xbrlSolvency II Preparatory Narrative Report - Individual .xls, .xlsx, .doc, .docx or pdf
Return Type Reporting FormatSolvency 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
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File Naming ConventionFor 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. 20141231
• 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
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File Naming Examples
File Naming Standards
Return Type File name Example
Solvency II Preparatory Annual Report - Individual C997105_20141231_SolvencyIIPrepAnnualReturn_Individual.xbrl
Solvency II Preparatory Quarterly Report - Individual C997105_20141231_SolvencyIIPrepQuarterlyReturn_Individual.xbrl
Solvency II Preparatory Narrative Report - Individual C997105_20141231_SolvencyIIPrepNarrativeReport_Individual.xbrl
Solvency II Preparatory Annual Report - Group C997105_20141231_SolvencyIIPrepAnnualReturn_Group.xbrl
Solvency II Preparatory Quarterly Report - Group C997105_20141231_SolvencyIIPrepQuarterlyReturn_Group.xbrl
Solvency II Preparatory Narrative Report - Group C997105_20141231_SolvencyIIPrepNarrativeReport_Group.xbrl
The above examples use:
• Institution Code – C997105
• Reporting Date – 31st December 2014
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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
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XBRL Submission – Return Types
Online Reporting XBRL Submission
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XBRL Submission – Return Type Options
Online Reporting XBRL Submission
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XBRL Submission – Returns
Online Reporting XBRL Submission
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XBRL Submission - Sections
Online Reporting XBRL Submission
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XBRL Submission – Section Files
Online Reporting XBRL Submission
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XBRL Submission – File Upload
Online Reporting XBRL Submission
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XBRL Submission – View Uploaded Files
Online Reporting XBRL Submission
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XBRL Submission – File Upload Status
Online Reporting XBRL Submission
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XBRL Submission – Section Files
Online Reporting XBRL Submission
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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
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• 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 Type Module/Entry Point
Solvency II Preparatory Annual Report - Individual http://eiopa.europa.eu/eu/xbrl/s2md/fws/solvency/solvency2/2015-02-28/mod/ars.xsd
Solvency II Preparatory Quarterly Report - Individual http://eiopa.europa.eu/eu/xbrl/s2md/fws/solvency/solvency2/2015-02-28/mod/qrs.xsd
Solvency II Preparatory Annual Report - Group http://eiopa.europa.eu/eu/xbrl/s2md/fws/solvency/solvency2/2015-02-28/mod/arg.xsd
Solvency II Preparatory Quarterly Report - Group http://eiopa.europa.eu/eu/xbrl/s2md/fws/solvency/solvency2/2015-02-28/mod/qrg.xsd
Please note that the all contexts referenced in the XBRL instance file must contain the following details:The identifier scheme – http://www.centralbank.ie.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.
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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
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XBRL Submission – File Error Example
Online Reporting Validations
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XBRL Submission – Filing Rule Example
Online Reporting Validations
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XBRL Submission – Assertion Error Example
Online Reporting Validations
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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 email as redirected to section files page if file valid.
• Final Steps
– Finalise Return
– Separate user to sign off return.
– Email sent to confirm receipt of return.
Submitting Returns
Submitting a Return
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Key Dates (subject to change)
Test Environment: (https://test.onlinereporting.cbfsai.ie)
• Available from Wednesday 15th April 2015.
• Full set of Preparatory Solvency II Returns
• All returns will use reporting date of 31st December 2014.
Live Environment: (https://onlinereporting.cbfsai.ie)
• Available from Wednesday 13th May 2015.
• Full set of Preparatory Solvency II Returns
• All returns will use your year-end date as reporting date.
• The submission/due date will be 3rd June 2015.
Key Dates
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Online Reporting User Guides
• General System Guidance Material
– http://www.centralbank.ie/regulation/processes/onlinereporting/Pages/Introduction.aspx
• Preparatory Solvency II XBRL & Narrative Upload Manuals
• http://www.centralbank.ie/regulation/industry-sectors/insurance-companies/solvency2/Pages/default.aspx
Preparatory Solvency II Taxonomy
• https://eiopa.europa.eu/Pages/Supervision/Insurance/Reporting-formats.aspx
– 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
• http://t4u.eurofiling.info/
Useful Links
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Technical Queries - [email protected]
• Online Reporting Access Queries
• XBRL Validation Errors Queries
• Other technical Issues
Business Queries - [email protected]
• How to complete templates
• Any other business related issues
Key Contact Points
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Questions.
