In line with Article 325 of Delegated Regulation (EU) 2015/35, the special purpose vehicle shall submit annually to its supervisory authority qualitative information covering the following:

(a) an adequate description of the basis, methods and assumptions used for the valuation of the assets;

(b) an adequate description of the basis, methods and assumptions used for the determination of the aggregate maximum risk exposure;

(c) details of any conflicts of interest between the special purpose vehicle, the insurance or reinsurance undertakings and the providers of debt or finance;

(d) details of any significant transactions entered into by the special purpose vehicle during the last reporting period;

(e) information to demonstrate that the special purpose vehicle continues to be fully funded, including:

(i) a description of the risks, including liquidity risks and quantifiable risks, assumed by the special purpose vehicle;

(ii) information on the debt instruments issued or other financing mechanism entered into;

(f) if the special purpose vehicle has not continuously complied with the requirement to be fully funded during the reporting period, the special purpose vehicle shall report any relevant information on that non-compliance and its rectification according to Article 326 of Delegated Regulation (EU) 2015/35 during the reporting period;