RepMap
FINREP 4.4validation

Releases (DPM and templates)

Annex V text editions

What's new FINREP 4.2.1 → 4.4

A release is the EBA package of templates and rules. A variant is an alternative set of templates inside a release (IFRS 18 replaces some IAS 1 templates). Annex V editions are versions of the instruction text.

EBA Q&A · 2013_329

Reconciliation of assets and liabilities in reinsurance and insurance contracts

Final Q&Afiled under Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed) (repealed)Submitted 04/10/2013 · published 07/03/2014

Question · verbatim

A bank has an insurance sub-group with unit-link insurance plans (aka ULIP. ULIPs give the holder the ability to invest in financial instruments and be hold the insurance contract) and traditional life insurance contracts. The insurance sub-group is fully consolidated in the Group (IFRS scope) but not consolidated in the Financial Group (Finrep scope). Shall instructions in ITS Annex V §105, §106 for template 17.1 row 270 and template 17.3 row 170 be interpreted: · Strict: only to be used for insurance contracts, or · Wide: to be used for both insurance contracts and investment contracts (i.e. ULIPs)

Background provided by the submitter · verbatim

A bank has an insurance sub-group with unit-link insurance plans (aka ULIP. ULIPs give the holder the ability to invest in financial instruments and be hold the insurance contract) and traditional life insurance contracts. The insurance sub-group is fully consolidated in the Group (IFRS scope) but not consolidated in the Financial Group (Finrep scope).

Answer · verbatim

For the reporting of assets and liabilities in insurance and reinsurance contracts, the definitions in IFRS 4 shall be applied. In addition, the treatment of embedded derivatives, as described in IAS 39, shall be taken into account as well. The Application Guidance of IAS 39 (especially, AG33 (g) and (h)) touches upon this issue.

Therefore, after the assessment of the contract against the provisions in IFRS 4 and IAS 39, and if the investment contracts entered in the framework of the unit-link insurance plans must be accounted for as part of the insurance contract, they shall be reported under rows 270 and 170 of F17.01 and F17.03, respectively.

If this is not the case, the investment contracts shall be reported in the lines of F17.01 and F17.03 which best describe its content.

Source: EBA Single Rulebook Q&A 2013_329 · text as published, not rephrased · collected on 2026-10-08