On 29 October 2015, the Central Bank of Ireland (Central Bank) published a policy note on submission of information.  This sets out requirements and guidance in relation to certain Central Bank discretions/options available under the Solvency II regime.  An exemption from submission of certain quarterly reporting templates for (re)insurers with low and medium-low PRISM rating has been introduced for 2016.  The exemption applies unless the Central Bank contacts the firm to confirm otherwise (the Central Bank intends to do so by 13 November 2015).  Other confirmations set out in the paper include that the Central Bank will not be requiring (for supervisory reports to be submitted to it) that currency and exchange rates other than those used to prepare financial statements must be utilised.