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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
13th April 2015 4
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
13th April 2015 6
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
13th April 2015 7
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
13th April 2015 8
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
13th April 2015 9
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
13th April 2015 10
XBRL Submission – Return Types
Online Reporting XBRL Submission
13th April 2015 11
XBRL Submission – Return Type Options
Online Reporting XBRL Submission
13th April 2015 12
XBRL Submission – Returns
Online Reporting XBRL Submission
13th April 2015 13
XBRL Submission - Sections
Online Reporting XBRL Submission
13th April 2015 14
XBRL Submission – Section Files
Online Reporting XBRL Submission
13th April 2015 15
XBRL Submission – File Upload
Online Reporting XBRL Submission
13th April 2015 16
XBRL Submission – View Uploaded Files
Online Reporting XBRL Submission
13th April 2015 17
XBRL Submission – File Upload Status
Online Reporting XBRL Submission
13th April 2015 18
XBRL Submission – Section Files
Online Reporting XBRL Submission
13th April 2015 19
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
13th April 2015 20
• 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.
13th April 2015 21
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
13th April 2015 22
XBRL Submission – File Error Example
Online Reporting Validations
13th April 2015 23
XBRL Submission – Filing Rule Example
Online Reporting Validations
13th April 2015 24
XBRL Submission – Assertion Error Example
Online Reporting Validations
13th April 2015 25
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
13th April 2015 26
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
13th April 2015 27
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
13th April 2015 28
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
13th April 2015 29
Questions.