Article 325
Supervisory reporting
1.
The supervisory authorities in the Member State in which the special purpose vehicle is established may request such information from the special purpose vehicle as is necessary in order to supervise the special purpose vehicle.
2.
Special purpose vehicles shall report all of the following information to the supervisory authorities of the Member State in which the special purpose vehicle is established:
(a)
the value of the assets of the special purpose vehicle valued in accordance with Article 75 of Directive 2009/138/EC distinguished by material class and a description of the basis, methods and assumptions used for their valuation;
(b)
the aggregate maximum risk exposure of the special purpose vehicle and a description of the basis, methods and assumptions used for the determination of the aggregate maximum risk exposure;
(c)
conflicts of interest between the special purpose vehicle, the insurance or reinsurance undertakings and the providers of debt or finance;
(d)
significant transactions entered into by the special purpose vehicle during the last reporting period.
3.
Special purpose vehicles shall submit the report referred to in paragraph 2 at least annually.
4.
Special purpose vehicles shall submit the report referred to in paragraph 2:
(a)
no later than 20 weeks after the special purpose vehicle's financial year end for the financial year ending on or after 30 June 2016 but before 1 January 2017;
(b)
no later than 18 weeks after the special purpose vehicle's financial year end for the financial year ending on or after 1 January 2017 but before 1 January 2018;
(c)
no later than 16 weeks after the special purpose vehicle's financial year end for the financial year ending on or after 1 January 2018 but before 1 January 2019;
(d)
no later than 14 weeks after the special purpose vehicle's financial year end for financial years ending on or after 1 January 2019.
5.
Special purpose vehicles shall immediately inform the supervisory authorities in the Member State in which the special purpose vehicle is established of any changes that could affect the compliance by the special purpose vehicle with Articles 318 to 324 and Article 326.