News on IVASS reporting about Segregated Funds

September 29, 2020 - In the future Companies will have to transmit the informative flows exclusively through the Infostat infrastructure and in XML format, according to what is indicated in the "Instructions for the compilation of the reports" available at the this link.

Communications to IVASS will include three new surveys:

• GSFUA: for the communication of the assets’ movements (it will replace the old files “G002” and “Anagrafe GeSe” for the Segregated Funds with “Fondo Utili”)

• GSFUM: for the periodic communication of the information contained in the “Rendiconto” and “Prospetti” files and information relating to the movements of “Fondo Utili” if present (it will replace the old file G003);

• GSFUR: for communications of the Mathematical Reserves relating to Segregated Funds by guarantee lines and to contracts with guarantee performance, to be transmitted on an annual basis together with the balance sheet data.

The exchanges of information with IVASS will be carried out through the Infostat platform and through the invocation by application of a Web Services (Application-to-Application mode or A2A).

Starting from reports with reference date equal or subsequent to October 31st, 2020, the new report will fully replace the previous reporting methods defined in Regulation 38 (file G002, GeSe and G003).

SimCorp Italiana is analyzing the new specifications to make Sofia compliant within the timing indicated for official submission to IVASS.

But the main novelty concerns the development of a new module that will allow to send the reports requested by IVASS in XML format, through web service interface and directly from Sofia to Infostat.

Contact sofia.sales@simcorp.com to learn more.