Question ID: 1748
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: 04 Dec 2018
Question
Validation TV67 expects the Asset ID code reported on S.06.02 to take the format of ISIN code+currency when the Asset ID Code Type is 99/1. The S.06.02 guidance for column C0050 in Annex III of the Implementing Technical Standard on group reporting indicates that this ID code format should be used to differentiate between assets with the same ISIN but issued in different currencies.
The requirement to differentiate between assets can be extended to assets with the same ISIN and currency but listed on different exchanges. In these instances the Market Identifier Code (MIC) has been used as part of the Asset ID code to make the distinction between these assets. 99/1 has been reported as the Asset ID code type for these assets which will not meet the ISIN code+currency format expected by the validation. We note that the validation in non-blocking.
EIOPA answer
The ID code was designed to be unique for each asset in each undertaking, following SII valuation principles. In case when a company invest in securities issued by a particular firm that are similar in all respects except with regards to the stock exchange they are listed on it is advised to select one of the stock exchange and to use it for reporting as only one ID Code, and one CIC is possible. Therefore, there's no need to change the validation.