Question ID: 1144
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.06.03
Status: Final
Date of submission: 12 Jun 2017
Question
I need some clarification on S.06.03 QRT’s content (funds look through): my question is about the underlying asset category, in particular about the option 4 “Collective Investment Undertakings”
In the box C0030 (A4) you can read:
“When the look-through regards a fund of funds, category “4 - Collective Investment Units” shall be used only for non-material residual values”
If a fund is not a fund of fund, you have to use only the option 4 or exists a level in value above which you shall do a second level look through analysis?
EIOPA answer
The amount to be reported in Category "4 – Collective Investment Units" should in any case be used only for an amount considered as residual.
Current drafting of the Instructions imply that if the CIU was not a fund of fund a complete look-through would be needed. However please note that EIOPA is proposing (still not finally approved) an amendment that would allow to use this approach for funds that are not funds-of-funds.
Please note that even with the amendment under consideration Category "4 – Collective Investment Units" needs to be used only for residual amounts.
Link to ITS amendment package -Supervisory reporting - DPM and XBRL