Question ID: 1141
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.06.02
Status: Final
Date of submission: 28 Jun 2017
Question
You stated that in S.06.02 the CIU should not be looked-through. However, the CIU in question is part of the consolidated group and is 100% owned. When the Group uses the accounting consolidation method, it does look through the CIU just as it looks through other entities, subisidiaries it may hold.
Therefore, our question remains. How can partial pledges be disclosed in S.06.02 for items looked through. These items maybe be a CIU (as described above) or a partially pledged but fully consolidated subsidiary (with 50% of its shares pledged for example).
EIOPA answer
The concept of fully consolidation should not be confused with the principle of look-through. Template S.06.02 should reflect the categories of assets as showed in the balance-sheet. If in this case the consolidated balance-sheet includes any CIU or other subsidiary consolidated line-by-line, then this should be reflected in the list of assets.
In case of partial pledges the reporting needs to be done in a number of rows needed to identify item by item which ones are pledged. The pledging should be identified in S.06.02 in C0100.