Circulaire NBB_2019_25: Operating Costs of the National Bank of Belgium Charged to Belgian Branches of Insurance Undertakings Subject to the Law of an EEA Member State Other Than Belgium

National Bank of Belgium
Eurosystem boulevard de Berlaimont 14-BE-1000 Brussels tel. +32 2 221 37 40 - fax +32 2 221 31 04 company number: 0203. 201, 340 RPM Brussels www.bnb.be Circular Brussels, 1 October 2019 Reference: NBB 2019 25 your correspondent:
Bertrand Leton tel. +32 2 221 23 65 - fax +32 2 221 31 04 bertrand.leton@nbb.be Operating costs of the National Bank of Belgium charged to Belgian branches of insurance undertakings subject to the law of an EEA Member State other than Belgium Scope Insurance undertakings subject to the law of an EEA Member State other than Belgium Summary/Objectives This circular concerns the coverage of the operating costs of the National Bank of Belgium charged to Belgian branches of insurance undertakings subject to the law of an EEA Member State other than Belgium. The data used to calculate this contribution must, from the accounting year closed no later than 31 December 2018, be communicated to the Bank via the 'OneGate' application. Madam, Sir,
Article 2 of the Royal Decree of 17 July 2012 concerning the coverage of the operating costs of the National Bank of Belgium provides that Belgian branches of insurance and reinsurance undertakings subject to the law of Member States of the European Economic Area other than Belgium contribute to these costs.
Article 17 of the Decree of 17 July 2012 provides that the Bank determines the conditions under which contributing undertakings provide the information necessary to calculate the contributions. From the accounting year closed in 2018, the transmission of this information will be carried out electronically using the Bank's 'OneGate' application. Declarants will have the choice to enter data manually (manual data entry) or to automate reporting via files generated in CSV or XML format. An exchange protocol and documentation are made available to declarants at the address http://www.nbb.be/onegate.
NBB_2019_25 - 1 October 2019 Annex to the circular - Page 1/2

The contribution is calculated based on the premiums collected for insurance operations carried out on Belgian territory, i.e., direct insurance operations in Belgium (columns 01 to 03 of the annex). It does not take into account the premiums related to direct insurance operations abroad (column 04 of the annex) nor the premiums related to reinsurance operations (column 05 of the annex). The tables must be completed no later than 31 December of the year following the closure of the accounting year, i.e., for the first time, no later than 31 December 2019 based on the accounting year closed no later than 31 December 2018. The amounts communicated must be expressed in euros, rounded to two decimal places. The items and amounts to be provided in the reporting model in the annex correspond to the items and amounts, respectively, of the detailed non-life technical account and the detailed life technical account of the income statement. For the purposes of this reporting, column 00 Total includes only the sum of columns 01, 02, and, where applicable, 03. I have the honour to be, Madam, Sir, the expression of my distinguished consideration. Pierre WU Governor
Annex: Reporting model.
Annex to the circular - Page 2/2 NBB_2019_25 - 1 October 2019