ntent and timeline for the nsultation:

This nsultation is open until 7 September 2011.

Please send replies to: mailto:nsultation.taxonomy-201107@eiopa.europa.eu .using the template for mments provided.  

The nsultation package includes:

· An introductory note (this document)

· A technical sample, in the archive file EIOPA-CP-11-002_Sample_Taxonomy.zip, on which stakeholder feedback is requested (See annexes to this note for the structure of this zip file).

· A template for mments. mments provided in another format may not be processed.

I.          Background

1.       EIOPA is currently developing harmonized Solvency II Quantitative Reporting Templates (QRT).

2. EIOPA is also developing an XBRL taxonomy describing the Solvency II reporting in the harmonised data format to be used for the transmission of QRT.

3. The taxonomy developed to date is based on the templates which were informally nsulted upon with EIOPA stakeholders in January 2011. Further work on the taxonomy will take place in the ming months. EIOPA plans to disclose the next version of the taxonomy simultaneously with the disclosure of the ntent of reporting templates, after approval by the Board of Supervisors in October 2011.

4. The aim of the Technical nsultation is to provide evidence and information for quality assurance of XBRL taxonomy, identify and mitigate of implementation risks (resources, st, time, etc.) and to investigate mechanisms for XBRL Taxonomy maintenance.

5. Through the technical nsultation we would like to request feedback from interested parties at an early stage when technical choices and solutions within the taxonomy are being developed.

6. This technical nsultation presents a limited set of template taxonomies (AS_D1, BS_C1 and TP_NL_E3), called “Sample Taxonomy”. This sample set provides an illustration of the basic technical solutions that have been chosen, rresponding to various kinds of information sent by undertakings to National Supervisory Authorities (NSAs).

7. The Sample Taxonomy represents the different types of data anisation in the Solvency II quantitative reporting templates. The Sample Taxonomy is based on the templates circulated for informal nsultation in January, 2011, as mentioned above.

8. To respond to the technical nsultation please use the template for mments; this includes fields for responses to the specific questions and request for mment listed below.

9. The template for mments also includes a field for a general mment and opinion you might like to express.

II.       Technical nsultation Questions

10. Do you already have experience with using XBRL? Please describe your experience.

11. Does the Sample Taxonomy mply with XBRL specifications and follow the mmonly agreed best practices? Please provide arguments for your expressed opinion. In particular:

11.1. To what extent the Sample Taxonomy appropriately maps technology aspects of data to business aspects of data (the rpus of the taxonomy)?

11.1.1. BS_C1: hierarchical anization;

11.1.2. AS_D1: detailed list (item by item);

11.1.3. TP_NL_E3: large number of breakdowns.

11.2. Does the Sample Taxonomy classify, name and arrange data in a meaningful way (that is, the nomenclature and terminology used in the taxonomy)?

12. What is your estimate of the expected sts for the implementation of the taxonomy? In particular:

12.1. What mpliance/implementation sts might be expected?

12.2. What is your estimate of the expected one-off sts for the implementation? Please provide quantitative arguments for your expressed opinion (e.g. approximate man-days for the implementation project, investments, etc.).

12.3. What is your expectation as to the time required for the implementation?

13. What is your estimate of the expected on-going sts for the implementation:

13.1. Taxonomy stability;

13.2. Taxonomy adjustment to the business change;

13.3. Maintenance of taxonomy in acrdance with other technical standards.

14. What other types of sts should we nsider? Please provide quantitative arguments for your expressed opinion.

15. What are the potential risks and threats that can influence the taxonomy implementation?

16. Are there any other impacts on anisations/business models from this XBRL requirement for Solvency II which we have to nsider? 

III.     Request for mments on technical ics

IV.    

17. mments are requested on the following ics:

18. Details of products or entities (assets, structure products, derivatives, undertakings, etc.) use a "typed dimension paradigm", where all the details are associated to ntexts sharing the same value for a typed dimension, for example: "Asset identification dimension". This value uniquely identifies the detailed object. Do you agree with these statements? Please provide arguments for your expressed opinion.

19. URI naming nventions used in the taxonomy, expressed with the base: "http://www.eiopa.europa.eu/fr/solvencyii/". Do you agree with this statement? Please provide arguments for your expressed opinion.

20. Label nstruction rules, defined in the "Solvency II Taxonomy technical description" document. Do you agree with this statement? Please provide arguments for your expressed opinion.

21. Usage of an XML processing instruction to define the version of the taxonomy. E.g. for this (sample) version (0.1.0): "". Do you agree with this statement? Please provide arguments for your expressed opinion.

Annex 1 – Structure of the folders included in the archive file EIOPA-CP-11-002_Sample_Taxonomy.zip

Files

Elements_sample.xls

Excel file listing the XML elements of the taxonomy

s-SolvencyII-2011-06-30.xls

Excel file describing the Taxonomy

Dimensions_samples.xls

Excel file defining the dimensions

Elements_samples.xls

Excel file defining the primary items (with the hierarchical labels)

s-SolvencyII_meta-facts_2011-06-30.csv

CSV file ntaining all primary items of the taxonomy and their valid dimensional mbinations. Each field ntains:

- The prefix of the primary item;

- The de of the primary item;

- An indicator of temporal characteristics of the primary item:

- "I": fact whose value is linked to an instant;

- "D": fact whose value is linked to a duration;

- The list of uple (dimension, dimension value) for a possible mbination (for typed dimension, the value is expressed as the name of the dimension, suffixed by "Val").

Files in the Sample_taxonomy folder

p-BS_C1-2011-06-30.xsd, t-AS_D1-2011-06-30.xsd and t-TP_NL_E3-2011-06-30.xsd

Entry points of XBRL taxonomies for templates

s-SolvencyII-2011-06-30.xsd

Global entry point of the XBRL taxonomy for all templates 

Files in the Sample_instances folder

XBRL sample instance files, each of them refer to its taxonomy:

- These files ntain data for each potential reported fact. These instances are used to test the taxonomy and its handling by tools; from a business perspective, the reported values are not significant or nsistent.

- There is one instance per template (e.g. t- AS_D1-2011-06-30.xbrl).

Annex 2 – Some taxonomy editors / viewers1

Arelle, from Mark V, USA, Open Source XBRL platform, taxonomy, instance viewer, validator and formula engine, available at http://arelle.

Dragon view from Rivet, USA, open source available at Sourcefe: /projects/rivetdragonview/

Invoke XBRL Suite from Invoke; France

Taxonomy Designer from UBmatrix Edgar on Line, USA

SpiderMonkey from reFiling; United Kingdom

XWand from Fujitsu, Japan, version available freely for work in XBRL jurisdictions and academic usage

XML Spy from Altova, Austria, the XML Swiss knife, supporting now XBRL