(15)

Article 35 is amended as follows: in paragraph 1, the first sentence is replaced by the following: ‘Member States shall require insurance and reinsurance undertakings to submit to the supervisory authorities the information which is necessary for the purposes of supervision, taking into account the objectives of supervision laid down in Articles 27 and 28 and the general principles of supervision laid down in Article 29, in particular the principle of proportionality.’; the following paragraph is inserted: ‘5a. Taking into account the information required in paragraphs 1, 2, and 3 and the principles set out in paragraph 4, Member States shall ensure that insurance and reinsurance undertakings submit to the supervisory authorities a regular supervisory report that comprises information on the undertaking’s business and performance, system of governance, risk profile, valuation for solvency purposes and capital management over the reporting period. The frequency of the regular supervisory report shall be: For the purposes of point (b) of the second subparagraph, if deemed necessary, a supervisory authority may require supervised undertakings to report more frequently.’ ; for small and non-complex undertakings, every three years, or, where permitted by the supervisory authority, up to every five years; for insurance and reinsurance undertakings other than small and non-complex undertakings, every three years. paragraphs 6, 7 and 8 are deleted; paragraph 9 is replaced by the following: ‘9. The Commission shall supplement this Directive by adopting delegated acts in accordance with Article 301a specifying: ; the information referred to in paragraphs 1 to 4 of this Article; the criteria for limited supervisory reporting for captive insurance undertakings and captive reinsurance undertakings considering the nature, scale and complexity of the risks of those specific types of undertaking with a view to ensuring, to the appropriate extent, convergence of supervisory reporting.’ in paragraph 10, the first subparagraph is replaced by the following: ‘In order to ensure uniform conditions of application of this Article, EIOPA shall develop draft implementing technical standards on regular supervisory reporting with regard to the templates for the submission of information to the supervisory authorities referred to in paragraphs 1 and 2, including the risk-based thresholds establishing the trigger for reporting requirements, where applicable, or any exemption of specific information for certain types of undertaking, such as captive insurance and reinsurance undertakings, considering the nature, scale and complexity of the risks of specific types of undertaking. EIOPA shall develop information technology (IT) solutions, including reporting templates and instructions for the reporting referred to in paragraphs 1 and 2.’; paragraph 11 is deleted; the following paragraph is added: ‘12. By 29 January 2027, EIOPA shall submit to the Commission a report on potential measures, including legislative changes, to develop an integrated data collection in order to: EIOPA shall prioritise, but not limit itself to, information concerning the areas of collective investment undertakings and derivatives reporting. When preparing the report referred to in the first subparagraph, EIOPA shall work in close cooperation with the other European Supervisory Authorities and the European Central Bank (ECB) and shall, where relevant, involve the national competent authorities.’ ; reduce areas of duplications and inconsistencies between the reporting frameworks in the insurance sector and other sectors of the financial industry; improve data standardisation and efficient sharing and use of data already reported within any Union reporting framework by any relevant Union or national competent authority; and reduce compliance costs.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-14 · Text as adopted (Official Journal); later amendments are not incorporated in this text.