Question ID: 115
Regulation Reference: Guidelines on submission of information to NCAs (Preparatory phase)
Article: 35
Status: Final
Date of submission: 04 Sep 2014
Question
What CIC code group should be used for investment deposits (not tradable)? Should CIC group 5 structured notes be used (as investment deposits include also derivative component) or group 7 cash and deposits be used?
EIOPA answer
Any security that has embedded a derivative should be reported as structure product regardless of the base instrument.