Financial Sector (Collection of Data) (reporting standard) determination No. 25 of 2009 - GRS 301.0_G (2009) - Reinsurance Assets and Risk Charge
Reporting lagReporting lag
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Reporting lag
Submission times for Level 2 reporting forms are as follows (in accordance with GRS 301.0_G Reinsurance Assets and Risk Charge):
- The semi-annual return is to be lodged within three months after the end of the reporting period.
- The audited annual return is to be lodged within four months after the end of the reporting period.
Risk charge
The calculation of the applicable risk charges on a Level 2 insurance group's on-balance sheet exposures to reinsurance assets are based on the requirements in prudential standards Prudential Standard GPS 111 Capital Adequacy: Level 2 Insurance Group (GPS 111) and Prudential Standard GPS 114 Capital Adequacy: Investment Risk Capital Charge (GPS 114). The aggregate of the risk charges calculated in this form is included in the calculation of the Level 2 insurance group’s minimum capital requirement.