FinDatEx

FinDatEx is pleased to announce the release of the updated Tripartite Template (TPT) Version 7, reflecting a thorough review by the TPT Working Group (TPT WG). This new version incorporates essential updates to align with recent Solvency II regulatory changes and address key industry challenges.

Key Enhancements in TPT V7:

-Enhanced SCR Calculations:

• Support for bonds with optional redemption dates, such as step-up callable bonds.
• Improved handling of bonds or loans with payment-in-kind features.
• Facilitated SCR calculation and QRT production for infrastructure investments.

-Dual NACE Codification:

• Incorporation of both NACE V2.1 (mandatory from January 2025 under EU requirements) and NACE V2.0 (required by EIOPA until new Solvency II Implementing Technical Standards are published).

-Data Description Refinements:

• Miscellaneous corrections to enhance data accuracy and usability.

This updated template has been designed to support the industry in adapting to regulatory evolutions while improving data quality and limiting implementation costs.

Next steps 

• The V7 TPT template will be available starting April 2025 and can be used with an effective date of 31 March 2025; during Q2 2025, both V6 and V7 can be used in parallel, though FinDatEx recommends full adoption of V7 by July 2025.
• A webinar will be held on Thursday, 23 January 2025, from 14:00 to 15:00 CET to provide an overview of the new template and discuss the results of the data quality survey. Register here to join the session.