Circular NBB_2016_10 on the Regular Communication of Information

NBB_2016_10 – 25 April 2016 Circular – Page 1/13 boulevard de Berlaimont 14 – BE-1000 Brussels tel. +32 2 221 38 12 – fax +32 2 221 31 04 company number: 0203.201.340 RPM Brussels www.bnb.be

Circular
Brussels, 25 April 2016
Reference: NBB_2016_10 your correspondent:
Patricia Kaiser tel. +32 2 221 34 31 – fax +32 2 221 31 04 patricia.kaiser@nbb.be

Circular on the Regular Communication of Information

Scope
Belgian insurance or reinsurance undertakings; Insurance or reinsurance undertakings that are part of a Belgian group within the meaning of Article 339, 2° of the Law of 13 March 2016 on the status and supervision of insurance or reinsurance undertakings, Belgian undertakings that are part of a Belgian financial conglomerate within the meaning of Article 340, 1° of the aforementioned Law of 13 March 2016, Branches of undertakings from third countries carrying on insurance [or reinsurance] activities in Belgium.

This circular applies to mutual insurance companies as defined in Article 15, 79° of the aforementioned Law of 13 March 2016. For these undertakings, "the Bank" should be replaced by "the Office for the Supervision of Mutualities and National Unions of Mutualities" as defined in Article 15, 84° of the same Law.

This circular does not apply to insurance undertakings referred to in Articles 275, 276 or 294 of the aforementioned Law of 13 March 2016.

Subject
This circular concerns the regular communication of information.

Legal References
This circular is published notwithstanding the fact that the various legal texts to which it refers have not yet been published, with a view to informing undertakings as quickly as possible so that they comply with the provisions it contains.

Circular – Page 2/13 NBB_2016_10 – 25 April 2016

The Law: The Law of 13 March 2016 on the status and supervision of insurance or reinsurance undertakings 1.
The Regulation 2015/35: Delegated Regulation (EU) 2015/35 of the Commission of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II). The Regulation 2015/2452 (SFCR): Commission Implementing Regulation (EU) 2015/2452 of 2 December 2015 laying down implementing technical standards with regard to procedures, formats and templates for the solvency and financial condition report pursuant to Directive 2009/138/EC of the European Parliament and of the Council. The Regulation 2015/2450 (RSR): Commission Implementing Regulation (EU) 2015/2450 of 2 December 2015 laying down implementing technical standards with regard to templates for the communication of information to supervisory authorities pursuant to Directive 2009/138/EC. The Regulation 1374/2014: Regulation (EU) of the European Central Bank of 28 November 2014 on statistical reporting requirements for insurance companies (ECB/2014/50).

Structure
I. Objectives
II. Definitions
III. Entry into force
IV. The Bank's expectations regarding the transmission of information

1 In the absence of the adoption of the Law, the article numbers refer to the numbering as it appears in the draft Law at the time of publication of this circular.

NBB_2016_10 – 25 April 2016 Circular – Page 3/13

Madam,
Sir,

I. Objectives
This circular aims to clarify the Bank's expectations regarding the regular communication of information in the context of the implementation of the Law and, in particular, the legal framework, dispensations, the structure of reporting, the final transmission of Solvency I reporting, the "Day one" reporting and first quarterly Solvency II reporting during 2016, quarterly reporting, annual quantitative reporting, the content of the Solvency and Financial Conditions Report (hereinafter "SFCR"), the content related to the regular communication of information for supervisory purposes (hereinafter "RSR" - Regular Supervisory Reporting), reporting concerning financial stability, reporting destined for the European Central Bank (ECB), additional national requirements, and the means of communicating information to the Bank.

II. Definitions
In the absence of a definition in this circular, the terms have the meaning defined in the legislative and regulatory acts referenced therein.

III. Entry into force
This circular applies from 23 March 2016.

IV. The Bank's expectations regarding the transmission of information

1. Legal framework
   In addition to the general principles defined in Articles 312 to 316, 95 to 98 and 422 to 426 of the Law, the obligations regarding reporting (RSR) and public information (SFCR) are, in essence, defined by Regulation 2015/35.

These principles are supplemented by the transitional measures set out in Articles 659, 660 and 661 of the Law.

The chapters and articles of Regulation 2015/35 relevant to reporting and public information are as follows:

o Chapter XII: Information for the public (Articles 290 to 303)
Section I – Solvency and Financial Conditions Report (SFCR): structure and content
Section II – Solvency and Financial Conditions Report (SFCR): non-publication of information
Section III – publication and update modalities

o Chapter XIII: Regular communication of information for supervisory purposes (Articles 304 to 314)
Section I – Elements and content
Section II – Deadlines and means of communication

Circular – Page 4/13 NBB_2016_10 – 25 April 2016

o Annex XX

Note: The transmission deadlines for information during and after the transitional period are described in Article 312 of Regulation 2015/35 and the transitional information requirements in Article 314 for individual undertakings and in Article 375 for groups.

Furthermore, two implementing technical standards, Regulation 2015/2452 (SFCR) and Regulation 2015/2450 (RSR), have been developed by the European Insurance and Occupational Pensions Authority (EIOPA). They are directly applicable to undertakings and groups. Consequently, these obligations will not require transposition into Belgian law.

Regulation 2015/2450 (RSR) describes the content of reporting requirements to the supervisory authority, concerning both annual and quarterly quantitative reporting templates (QRT), to be submitted by individual undertakings, groups, and ring-fenced funds.

This Regulation includes in Annex I, the annual and quarterly quantitative reporting templates in Excel format; in Annexes II and III, explanations on the data to be provided cell by cell; in Annex IV, a categorization of assets; and in Annex V, the content of the CIC table (Complementary Identification Code).

Similarly, Regulation 2015/2452 (SFCR) includes in Annex I, the annual quantitative reporting templates in Excel format, and in Annexes II and III, explanations on the data to be provided cell by cell.

In addition to these implementing technical standards, circulars have been issued covering EIOPA guidelines on the following topics:

• circular on information to be communicated for financial stability purposes
• circular on the communication of information and information for the public
• circular on information to be provided by third-country undertakings
• circular on methods to be used to determine market shares for the purpose of information communication.

Regarding the statistical obligations to be fulfilled by insurance companies towards the ECB, these are set out in Regulation 1374/2014, which establishes the modalities for transmitting the required information and lists in its annexes the details of the information to be transmitted. This Regulation also describes the options according to which data collection can be organized by national central banks. The option chosen by the Bank is specified in this circular.

2. Dispensations
   Pursuant to Article 313 of the Law, the Bank may authorize an insurance or reinsurance undertaking to communicate information for supervisory purposes no more than once a year when the provision of this information would represent a disproportionate burden given the nature, scale, and complexity of the risks inherent in the undertaking's activity.

Likewise, the Bank may limit the regular communication of information required for supervisory purposes or exempt insurance or reinsurance undertakings from this information communication obligation item by item under the conditions set forth in Article 314 of the Law.

The Bank has already indicated to the sector its intention not to grant dispensations for the communication of information for supervisory purposes, as it wishes to obtain complete reporting from all supervised undertakings, with the exception of undertakings referred to in Articles 272 to 274 of the Law, which are subject to specific reporting.

NBB_2016_10 – 25 April 2016 Circular – Page 5/13

3. Structure of reporting
   The Law's requirements for the regular communication of information for supervisory purposes constitute a significant change compared to current reporting rules, both in terms of content and frequency. Pursuant to Article 304 of Regulation 2015/35, the information elements to be communicated regularly for supervisory purposes are structured as follows:

3.1 The SFCR
Undertakings are required to publish this report and transmit it to the Bank on an annual basis. The SFCR contains both qualitative and quantitative descriptive information, supplemented, where appropriate, by quantitative reporting templates.

3.2 The RSR
This is a report intended for the Bank whose content is not disclosed. This descriptive report, supplemented by quantitative reporting templates, contains both qualitative and quantitative information referred to in Articles 293 to 297 of Regulation 2015/35 as well as any information that the Bank has authorized the undertaking not to publish.

3.3 The report to the supervisor on the internal assessment of risks and solvency (ORSA).

3.4 Annual and quarterly quantitative reporting templates specifying and supplementing the information presented in the SFCR and the RSR.

4. Final transmission of Solvency I reporting

4.1 Final transmission of quarterly Solvency I reporting
(Circular CBFA 2010_31-01 of 21 December 2010) The content of quarterly Solvency I reporting is defined in Annex 1 of Circular CBFA 2010_31-01 of 21 December 2010 on periodic reports of insurance undertakings. The final transmission of quarterly reporting will cover the fourth quarter of 2015.

4.2 Final transmission of annual Solvency I reporting
The final transmission of annual Solvency I reporting will cover the 2015 financial year.
The content of this annual reporting is defined in Annex 1 of Circular CBFA_2010_31-01 as amended by Circular NBB_2015_06 of 4 February 2015 on the easing of reporting during the preparatory phase for Solvency II. It covers:
The annual accounts
Statistics
The solvency margin
The adjusted solvency margin
Representative values

Regarding the reporting currently transmitted via E-corporate as defined based on Circular CBFA_2010_30-1, given the absence of narrative Solvency II reporting in 2016, it will be maintained subject to the adaptations made by Circular NBB_2015_06.

Circular – Page 6/13 NBB_2016_10 – 25 April 2016

4.3 Final transmission of fast track reporting
The current fast track reporting will be maintained at the latest until the reference date of 31/12/2015, with the objective of allowing the transition and correspondence to the financial stability reporting of Solvency II.

4.4 Final transmission of vulnerabilities reporting
The final transmission of vulnerabilities reporting will cover the fourth quarter of 2015.

5. "Day one" reporting and first quarterly Solvency II reporting during 2016

5.1 "Day one" reporting
During the 2016 financial year, pursuant to the transitional measures of Article 659 § 1 of the Law, the annual reporting as defined in Article 312 of the Law will not be transmitted.
This annual reporting is replaced, pursuant to Articles 314 and 375 of Regulation 2015/35, by "day one" reporting. The quantitative reporting templates related to this "day one" reporting are defined in Regulation 2015/2450 (RSR). The qualitative information required by Articles 314 and 375 of Regulation 2015/35, related to day one reporting, will be collected via e-corporate.

5.2 Day one individual undertaking
The content of this reporting for individual undertakings is defined in Article 5 of Regulation 2015/2450 (RSR). It includes information on the content, basic information on the undertaking and on ring-fenced funds, the balance sheet, information on own funds, the SCR based on the standard formula, the SCR based on a partial internal model, the SCR based on a full internal model, the MCR for Life or Non-Life specialized undertakings, and the MCR for mixed undertakings. This reporting is to be transmitted 20 weeks after the closure of the 2015 financial year, i.e., on 20 May 2016.

5.3 Day one group
The content of this reporting for groups is defined in Article 22 of Regulation 2015/2450 (RSR). It includes information on the content, basic information on the group and on ring-fenced funds, the balance sheet, information on own funds, the SCR based on the standard formula, the SCR based on a partial internal model, the SCR based on a full internal model, information on insurance and reinsurance undertakings included in the group's perimeter, information on the requirements of insurance and reinsurance undertakings belonging to the group, and information on other controlled and uncontrolled financial undertakings, including insurance holding companies and mixed holding companies. This reporting is to be transmitted 26 weeks after the closure of the 2015 financial year, i.e., on 1 July 2016.

5.4 1st quarterly Solvency II reporting
The first quarterly Solvency II reporting will cover the situation as of 31 March 2016.

6. Quarterly quantitative reporting

6.1 Quarterly reporting individual undertaking
The content of this reporting for individual undertakings is defined in Article 6 of Regulation 2015/2450 (RSR). It includes information on the content, basic information on the undertaking, the balance sheet, information on premiums, claims, and expenses, a list of assets item by item, information on transparency, information on derivative positions, information on completed derivative transactions, information on technical provisions for Life and Health, information on Non-Life provisions, information on own funds, the MCR for Life or Non-Life specialized undertakings, and the MCR for mixed undertakings. For its first transmission, this reporting is to be transmitted 8 weeks after the quarter ended on 31 March 2016, i.e., on 26 May 2016.

6.2 Quarterly reporting group
The content of this reporting for groups is defined in Article 23 of Regulation 2015/2450 (RSR). It includes information on the content, basic information on the group, the balance sheet when method 1 applies, information on premiums, benefits, and expenses, a list of assets item by item, information on transparency, information on derivative positions, information on completed derivative transactions, and information on own funds. For its first transmission, this reporting is to be transmitted 14 weeks after the quarter ended on 31 March 2016, i.e., on 7 July 2016.

6.3 Transmission deadline
Pursuant to Article 659 § 2 of the Law, during a period not exceeding four years from 1 January 2016, the maximum deadline within which insurance or reinsurance undertakings must provide the information referred to in Article 312 of the Law, on a quarterly basis (quarterly quantitative reporting templates), is set at eight weeks from any quarter closed between 1 January 2016 and 1 January 2017. This deadline decreases by one week each financial year to be fixed at five weeks from any quarter closed between 30 June 2019 and 1 January 2020.

NBB_2016_10 – 25 April 2016 Circular – Page 7/13

The table below specifies the deadlines to be respected for the submission of quarterly information (RSR - quarterly QRTs):

Reference Date	Transmission Period Solo		Transmission Period Group
	Deadline	Due Date	Deadline	Due Date
1st quarter 2016<br>31/03/2016	8 weeks	26/05/2016	14 weeks	07/07/2016
2nd quarter 2016<br>30/06/2016	8 weeks	25/08/2016	14 weeks	06/10/2016
3rd quarter 2016<br>30/09/2016	8 weeks	25/11/2016	14 weeks	06/01/2017
4th quarter 2016<br>31/12/2016	8 weeks	25/02/2017	14 weeks	08/04/2017
1st quarter 2017<br>31/03/2017	7 weeks	19/05/2017	13 weeks	30/06/2017
2nd quarter 2017<br>30/06/2017	7 weeks	18/08/2017	13 weeks	29/09/2017
3rd quarter 2017<br>30/09/2017	7 weeks	18/11/2017	13 weeks	30/12/2017
4th quarter 2017<br>31/12/2017	7 weeks	18/02/2018	13 weeks	01/04/2018
1st quarter 2018<br>31/03/2018	6 weeks	12/05/2018	12 weeks	23/06/2018
2nd quarter 2018<br>30/06/2018	6 weeks	11/08/2018	12 weeks	22/09/2018
3rd quarter 2018<br>30/09/2018	6 weeks	11/11/2018	12 weeks	23/12/2018
4th quarter 2018<br>31/12/2018	6 weeks	11/02/2019	12 weeks	25/03/2019
1st quarter 2019<br>31/03/2019	5 weeks	05/05/2019	11 weeks	16/06/2019
2nd quarter 2019<br>30/06/2019	5 weeks	04/08/2019	11 weeks	15/09/2019
3rd quarter 2019<br>30/09/2019	5 weeks	04/11/2019	11 weeks	16/12/2019
4th quarter 2019<br>31/12/2019	5 weeks	04/02/2020	11 weeks	17/03/2020

Circular – Page 8/13 NBB_2016_10 – 25 April 2016

7. Annual quantitative reporting

7.1 Annual reporting individual undertaking
For individual undertakings, the content of annual quantitative reporting is defined in Articles 8 to 21 of Regulation 2015/2450 (RSR). Each cell of the reporting is further defined in the annexes to the Regulation. The quantitative reporting templates are distributed according to the following themes:

• basic information and content of the submission
• balance sheet and other general information
• information on investments
• information on technical provisions
• information on long-term guarantees
• information on own funds and participations
• information on the SCR (solvency capital requirement)
• information on the MCR (minimum capital requirement)
• information on the analysis of variations
• information on reinsurance and SPVs (special purpose vehicles)
• information on ring-fenced funds, portfolios subject to a matching adjustment, and the residual share
• information on internal model users
• information on intra-group transactions
• information on very significant intra-group transactions

7.2 Annual reporting group
For groups, the content of this reporting is defined in Articles 22 to 36 of Regulation 2015/2450 (RSR). The quantitative reporting templates are distributed according to the following themes:

• basic information and content of the submission
• balance sheet and other general information
• information on investments
• information on variable annuities
• information on long-term guarantees
• information on own funds
• information on the SCR (solvency capital requirement)
• information on reinsurance and SPVs (special purpose vehicles)
• group-specific information,
• information on ring-fenced funds, portfolios subject to a matching adjustment, and the residual share
• information on internal model users
• information on intra-group transactions and concentration risk

7.3 Transmission deadlines
Pursuant to Article 659 § 1 of the Law, during a period not exceeding four years from 1 January 2016, the maximum deadline within which insurance or reinsurance undertakings must provide the information referred to in Article 312 (the regular report to the supervisor and annual quantitative reporting templates) on an annual or less frequent basis, is fixed at twenty weeks from the closure of the financial year of the undertaking closed between 30 June 2016 and 1 January 2017. This deadline decreases by two weeks each financial year to be fixed at fourteen weeks from the closure of the financial year of the undertaking closed between 30 June 2019 and 1 January 2020.

Pursuant to Article 661 of the Law, these deadlines are extended by 6 weeks for similar information relating to participating insurance or reinsurance undertakings, insurance holding companies, and mixed financial companies.

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Circular – Page 10/13 NBB_2016_10 – 25 April 2016

The table below specifies the deadlines to be respected for the submission of annual information (Annual RSR - QRT)

Reference Date	Transmission Period	Transmission Period
	Solo	Group
Deadline	Due Date	Deadline	Due Date
Fiscal year ending 31/12/2016	20 weeks	20/05/2017	26 weeks	01/07/2017
Fiscal year ending 31/12/2017	18 weeks	06/05/2018	24 weeks	21/06/2018
Fiscal year ending 31/12/2018	16 weeks	22/04/2019	22 weeks	03/06/2018
Fiscal year ending 31/12/2019	14 weeks	07/04/2020	20 weeks	19/05/2020

8. The “Solvency and Financial Condition Report” (SFCR)

8.1 Content
As recalled above, the structure of the SFCR is determined by Annex XX of Regulation 2015/35 and its content is detailed in Articles 290 to 303 of that same Regulation.

8.2 Transmission Deadline
During a period not exceeding four years from 1 January 2016, the maximum deadline within which insurance or reinsurance undertakings must provide the SFCR information is set at twenty weeks from the closing of the company's accounting year closed between 30 June 2016 and 1 January 2017. This deadline decreases by two weeks each accounting year to be set at fourteen weeks from the closing of the company's accounting year closed between 30 June 2019 and 1 January 2020. The transmission deadlines for the SFCR are identical to those for annual quantitative reports.

9. The “Regular Supervisory Reporting” (RSR)
   The structure of the RSR is determined by Annex XX of Implementing Regulation 2015/35 and its content is detailed in Articles 304 to 314 of Implementing Regulation 2015/35.
   The RSR must be submitted to the Bank at least every three years in its full version and in a summary version once a year.
   Given that several sections of the RSR are currently the subject of document transmission via E-corporate in application of the Bank's circulars, particularly regarding governance, a subsequent circular will determine how certain information can be integrated into the RSR in the future. The transmission deadlines for the RSR are identical to those for annual quantitative reports.

10. Reporting for financial stability purposes
    This reporting will be the subject of a specific circular. The information provided here aims to complete the inventory of reporting obligations.

NBB_2016_10 – 25 April 2016 Circular – Page 11/13

10.1 Content
Financial stability reporting is collected for financial stability purposes, and given this objective, it is requested on a best effort basis within stricter deadlines and/or with higher frequency than other elements of Solvency II reporting. The entities covered by this report are insurance or reinsurance groups with more than 12 billion euros of total assets or the equivalent in national currency in the Solvency II balance sheet, and individual insurance or reinsurance companies as well as branches of insurance companies from third countries with more than 12 billion euros of total assets or the equivalent in national currency in the Solvency II balance sheet, which do not belong to a group reporting based on the previous criterion. Further details on the content, scope, principles, and deadlines can be found in the circular regarding the guidelines on information to be communicated for financial stability purposes.

10.2 Transmission Deadline
The financial stability reporting must be delivered taking into account a three-year transition period, seven weeks after the reference date to which the information relates.
During the three-year transitional period, the deadline is extended as follows:
a. 3 weeks (bringing the deadline to 10 weeks) for quarterly, semi-annual, or annual information to be provided concerning the year 2016; b. 2 weeks (bringing the deadline to 9 weeks) for quarterly, semi-annual, or annual information to be provided concerning the year 2017;
c. one week (bringing the deadline to 8 weeks) for quarterly, semi-annual, or annual information to be provided concerning the year 2018.

11. Statistical reporting to the ECB
    The statistical information requirements concerning insurance companies defined by the ECB in Regulation 1374/2014 can largely be covered by quantitative reporting models developed for prudential purposes by EIOPA. To avoid redundant work for insurance companies, the ECB authorizes national central banks to derive the information intended for it from data collected for prudential purposes. This option has been chosen by the Bank. The EIOPA quantitative reporting models must nevertheless be supplemented by add-ons to meet the ECB's information needs. These add-ons have therefore been incorporated into common reports. The reporting deadlines have also been harmonized and are therefore equivalent to those of the prudential collection of quarterly and annual reporting (points 6 and 7 above). By fully responding, within the prescribed deadlines and forms, to the various declarations provided for by this circular, the companies it targets fulfill their statistical obligations towards the ECB resulting from Regulation 1374/2014. Further information on this subject can be found on the ECB website at the following address http://www.ecb.europa.eu/stats/money/icpf/html/index.en.html (under the point “Forthcoming statistics”). During a transitional phase, a statistical title-by-title reporting on assets held in the form of securities defined by the Law of 28 February 2002 on the Belgian balance of payments and satisfying the obligations defined by the ECB regarding statistics on the holding of

Circular – Page 12/13 NBB_2016_10 – 25 April 2016 securities in Regulation (EU) 1011/2012 of 17 October 2012 will remain in parallel with the analogous obligations arising from the Solvency II framework (see template S.06.02.01). The Bank will analyze the possibility of evolving towards a single reporting within a period of 3 to 4 years.

12. Supplementary national requirements
    Although Solvency II reporting aims for the greatest harmonization at the European level, and therefore, the harmonization of quantitative reporting templates (QRT) is an essential instrument to promote the convergence of prudential practices, this reporting can be supplemented by specific national statements. The Bank has thus defined specific national statements corresponding to prudential and statistical needs. The statements specifically required by the Bank meet the following characteristics:
    a) accounting data of the company as well as certain related legal documents:
    i. the company's annual accounts including the balance sheet, income statement, and notes as well as the management report, the report to the general meeting, the auditor's report intended for the general meeting
    ii. where applicable, the consolidated accounts, including the balance sheet, income statement, and notes as well as the management report, the report to the general meeting, the auditor's report intended for the general meeting.
    b) data relating to specific characteristics of the Belgian insurance market or intended for profitability analyses
    i. a specific liquidity reporting (Circular NBB_2015_04 of 15 January 2015)
    ii. a specific interest rate risk reporting
    iii. a specific reporting related to life insurance
    iv. a reporting related to Non-Life profitability by product category or by branch
    The Life reporting will now include the following collections:
    x Life profitability collection (as defined in Circular D.221 of 25 October 2002) x Collection A: Supplementary statistics x Collection B: Production and collection x Collection F: Gross mortality probabilities Collections C1 (earmarked funds), C2 (investment funds), D (Affiliates and annuitants), E (Statement of capital at risk and comparison with the solvency margin), G (Nuptiality and natality), and H (triangle data) are removed. Regarding the reporting related to Non-Life profitability, it concerns the basic statistics as specified in Circular D. 220 of 25 October 2002. The Bank will henceforth refrain from collecting these statistics by product and will request information by product category for direct business in Belgium and by branch for direct business abroad. Supplementary statistics by accident year or underwriting year as defined in the aforementioned circular will no longer be collected and will be replaced by the corresponding information from Solvency II reporting.

NBB_2016_10 – 25 April 2016 Circular – Page 13/13 c) data collected for statistical purposes The statistics currently collected are as follows:
i. Statistics concerning the number of insured persons and the number of deaths recorded over five years
ii. Collection of accident insurance premiums
All these reporting must be transmitted annually within the same deadlines as the RSR and annual QRT.

13. Means of communicating information to the Bank
    By the communication of 26 July 2012, the Bank made public its decision to accept only the XBRL protocol as a means of communicating data to the Bank, and this from the entry into force of the Law.
    However, insurance and reinsurance companies whose amount of technical provisions is less than 50 million euros may communicate their data to the Bank not only via XBRL but also by means of Data Entry and CSV Upload. This requirement to use the XBRL protocol concerns all structured quantitative reporting, i.e., the reporting harmonized at the European level, but not the final transmission of Solvency I reporting for the fourth quarter 2015 and the situation as of 31 December 2015. Similarly, during a transitional phase, the quantitative reporting related to supplementary national requirements will continue to be transmitted in the CPA domain via OneGate for existing reporting whose collection continues. The reporting that constitute new national requirements will subsequently be integrated into a Belgian extension of the Solvency II taxonomy and must be transmitted via OneGate. Narrative reporting must be communicated to the Bank via E-corporate. Specific quantitative reporting templates, as defined in mutual agreement with the supervisor in accordance with Article 8 § 5 of Regulation 2015/2450 (RSR) for the transmission of information relating to submodules of the SCR calculated with an (partial) internal model approved, will initially be delivered by E-corporate. Over time, the Bank will take provisions to allow transmission via OneGate. A copy of this circular is sent to the auditor(s), approved reviewer(s) of your company. We ask you to accept, Madam, Sir, the expression of our distinguished sentiments. Jan Smets Governor