Helping our clients get ready for Solvency II TPT v5
FinDatEx, the European working group, has now completed the update to the Solvency II Tripartite Template (“TPT”). The new template (TPT version 5) becomes available for use on 31st March 2020 and there will be a transition period during Q2 2020. From 30th June 2020 all users should have migrated to version 5 and previous versions will no longer be supported.
Some of the changes to the template include:
- The creation of new data fields for private equity to comply with the new Solvency II requirements
- The creation of new data fields for counterparties to facilitate the production of EUROSTAT reports in respect to the new ECB/IORP pension fund reporting obligations
- Improvements to validation rules in accordance to the instrument CIC code.
Following the publication of the final version of TPTv5 we are analysing the changes required and are confident we will be able to fulfil the timelines set out by FinDatEx. We look forward to working with our clients during the transition period and are always available to help with any queries. We can be contacted on +44 117 313 1670 or by email.
MOST READ INSIGHTS
Views, opinions or claims expressed on this website are those of the authors, and not necessarily the views of FundsLibrary. The content and information contained on the site should not be taken as advice. We accept no responsibility for loss incurred by any person on taking or refraining from action as a result of material contained herein.
All figures correct as at 31.12.2019.