Question ID: 2310
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Topic: Reporting Templates
Article: Article 35 of SII Directive
Status: Final
Date of submission: 01 Jul 2021
Question
Since American Depository Receipts (ADR) represent shares in foreign stocks, should they be reported with CIC 31 like common equity or with CIC 39 like other equity positions?
EIOPA answer
CIC Category 31 "Common equity" is limited to "Equity that represents basic property rights on corporations".
Given the specific negotiable characteristics of American Depository Receipts (ADR) they should usually be classified as 39 "Other equity".