Question ID: 1997
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 187, 215
Status: Final
Date of submission: 17 Oct 2019
Question
Article 187 of Delegated Regulation (EU) 2015/35 has been amended with COMMISSION DELEGATED REGULATION (EU) 2019/981.
Bonds that are guaranteed by regional "governments and local authorities, where the guarantee meets the requirements set out in Article 215 of this Regulation, shall be treated as exposures to the central government."
The Definition for Government Bonds in ANNEX VI of COMMISSION IMPLEMENTING REGULATION (EU) 2015/2450 hasn't been updated so far. Is it allowed or wanted to take account of the amendment of Article 187 for the classification of the CIC´s of Bonds with a guarantee by regional governments and local authorities?
EIOPA answer
This amendment was in fact not reflected in the ITS amendments on reporting 2019. EIOPA will consider this in a next revision, meanwhile the assets under this condition should be reported as CIC 19.