Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Insurance Undertakings National Specific Templates Reporting Arrangements) Regulations 2016.
Statutory Instruments
Source: Statutory Instruments

num: 1
paragraphs: (1) These Regulations may be cited as the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Insurance Undertakings National Specific Templates Reporting Arrangements) Regulations 2016.
(2) Subject to Regulation 2(1)(b), these Regulations commence on 11 April 2016.
num: 2
paragraphs: (1) These Regulations shall apply to the following (hereinafter the Persons to whom these Regulations apply):
(a) All life and non-life insurance undertakings authorised under the European Union (Insurance and Reinsurance) Regulations 2015 and which are rated as HIGH impact under the PRISM supervisory regime;
(b) Insurance undertakings transacting business in the State on a branch basis and whose Irish Risk annual gross written premium exceeds €25,000,000. In relation to these undertakings these Regulations shall commence on 1 January 2017.
(c) Insurance and reinsurance undertakings which transact Variable Annuity Business regardless of PRISM impact rating.
num: 3
paragraphs: (1) In these Regulations—
num: 4
paragraphs: The Persons to whom these Regulations apply shall submit the NSTs in accordance with these Regulations and:
(a) shall be submitted using the Bank’s Online Reporting System;
(b) in the format of the NSTs as appearing on the Bank’s Online Reporting System;
(c) using only the XBRL reporting format.
num: 5
paragraphs: (1) Non-Life Insurance undertakings shall submit to the Bank the following reports in compliance with the requirements of paragraph (2):
(a) Non-Life Income Statement (Template no. NST.01);
(b) Non-Life Technical Provisions — structured by reference to the LOB and Distribution Channel (Template no. NST.03);
(c) Non-Life Technical Provisions — structured by reference to the LOB and Country (Template no. NST.04);
(d) Non-Life– Projection of future cash flows (Best Estimate — Non-Life) (Template no. NST.05);
(e) Non-Life Insurance Claims Information — structured by reference to the LOB and Distribution Channel (Template no. NST.06);
(f) Non-Life Premiums, claims and expenses — structured by reference to the LOB and Distribution Channel (Template no. NST.07).
(2) The requirements for the purposes of paragraph (1) are:
(a) in relation to subparagraph (1)(a), the report shall be submitted to the Bank on a quarterly and annual basis in accordance with the deadlines specified in Regulation 35 (1) and (2) of the 2015 Regulations and after the end of the transitional period set out in that Regulation, no later than 14 weeks after the undertaking’s financial year end.
(b) in relation to subparagraph (1)(b) to (f), the report shall be submitted to the Bank on a twice per annum basis in accordance with the deadlines specified in Regulation 35(1) and (2) of the 2015 Regulations and after the end of the transitional period set out in that Regulation, no later than 14 weeks after the undertaking’s financial year end.
num: 6
paragraphs: (1) Life Insurance undertakings shall submit to the Bank the Life Income Statement (Template no. NST.02) in accordance with the requirements of paragraph (2).
(2) The requirement for the purposes of paragraph (1) is that the report shall be submitted to the Bank on a quarterly and annual basis in accordance with the deadlines specified in Regulation 35(1) and (2) of the 2015 Regulations and after the end of the transitional period set out in that Regulation, no later than 14 weeks after the undertaking’s financial year end.
num: 7
paragraphs: (1) Insurance and Reinsurance Undertakings transacting Variable Annuity Businesses shall submit to the Bank the following reports in compliance with the requirements of paragraph (2):
(a) Variable Annuity P&L Attribution — Liability (Template no. NST.08);
(b) Variable Annuity P&L Attribution — Asset (Template no. NST.09);
(c) Variable Annuity P&L Attribution — Other (Template no. NST.10);
(d) Variable Annuity Stress Tests (Template no. NST.11).
(2) The requirements for the purposes of paragraph (1) are:
(a) in relation to subparagraph (1)(a) to (c), the report shall be submitted to the Bank on a quarterly basis in accordance with the deadlines specified in Regulation 35 (1) and (2) of the 2015 Regulations and after the end of the transitional period set out in that Regulation, no later than 14 weeks after the undertaking’s financial year end.
(b) in relation to subparagraph (1)(d) the report shall be submitted to the Bank on a twice per annum basis in accordance with the deadlines specified in Regulation 35(1) and (2) of the 2015 Regulations and after the end of the transitional period set out in that Regulation, no later than 14 weeks after the undertaking’s financial year end.
num: 8
paragraphs: (1) Insurance undertakings transacting Non-life business on a branch basis in the State shall submit to the Bank the following reports in compliance with the requirements of paragraph (2):
(a) Non-Life Income Statement (Template no. NST.01);
(b) Non-Life Technical Provisions — structured by reference to the LOB and Distribution Channel (Template no. NST.03);
(c) Non-Life — Projection of future cash flows (Best Estimate — Non-Life) (Template no. NST.05);
(d) Non-Life Insurance Claims Information — structured by reference to the LOB and Distribution Channel (Template no. NST.06);
(e) Non-Life Premiums, claims and expenses — structured by reference to the LOB and Distribution Channel (Template no. NST.07).
(2) The requirements for the purposes of paragraph (1) are:
(a) in relation to subparagraph (1)(a), the report shall be submitted to the Bank on a quarterly and annual basis in accordance with the deadlines specified in Regulation 35 (1) and (2) of the 2015 Regulations and after the end of the transitional period set out in that Regulation, no later than 14 weeks after the undertaking’s financial year end.
(b) in relation to subparagraph (1)(b) to (e), the report shall be submitted to the Bank on a twice per annum basis in accordance with the deadlines specified in Regulation 35(1) and (2) of the 2015 Regulations and after the end of the transitional period set out in that Regulation, no later than 14 weeks after the undertaking’s financial year end.
num: 9
paragraphs: (1) Insurance undertakings transacting Life business on a branch basis in the State shall submit to the Bank Life Income Statement (Template no. NST.02) in accordance with the requirements of paragraph (2).
(2) The requirement for the purposes of paragraph (1) is that the report shall be submitted to the Bank on a quarterly and annual basis in accordance with the deadlines specified in Regulation 35(1) (b), (c) and (d) and Regulation 35(2) (b), (c) and (d) of the 2015 Regulations.