Solvency II Art.35: Art. 35; DR Arts 304, 305, 312 Submit supervisory information: RSR, ORSA report and quantitative templates

What does Art.35 require?

Undertakings must submit the information supervisors need at predefined periods, on predefined events and during enquiries, reflecting the nature, scale and complexity of the business, and being accessible, complete, comparable, consistent, relevant, reliable and comprehensible; they must have systems and a written, AMSB-approved policy ensuring its ongoing appropriateness. Under the Delegated Regulation the package is the SFCR, the regular supervisory report (at least every three years, following the SFCR structure, with a summary of material changes; a changes report in other years), the ORSA supervisory report, and annual (within 14 weeks) and quarterly (within five weeks) quantitative templates, subject to any limitation or exemption granted.