Question ID: 2374
Regulation Reference: Other
Topic: Reporting Templates
Article: N/A
Template: S.06.03
Status: Final
Date of submission: 21 Dec 2021
Question
Can you please confirm the response to EIOPA Q&A 2319 in H2 2021. Is the response suggesting not to report the 'country of issue' for ALL CIC7 assets on the S.06.03 QRT? The response suggests that the reasoning for this is to align with the S.06.02 QRT, however we currently report the issuer country for CIC72 and CIC73 assets on the S.06.02. If it is indeed the intention to not report the 'country of issue' for CIC7 assets on the S.06.03 QRT, can you confirm that CIC7 assets should be excluded from the calculations at arriving at the look through thresholds for the S.06.03 QRT please?
EIOPA answer
We confirm that CIC7 Assets should be excluded from the calculations at arriving at the look through thresholds for the S.06.03 QRT.
We confirm the amendment to validation BV1136 and the response to EIOPA Q&A. The reasoning behind this amendment is that the reporting of the issuer country is not required to be reported for all 'cash and deposits' in the list of assets (BV985). Therefore, EIOPA considers it appropriate to align both requirements (between the list of assets and the look through), even if this was not included in the ITS.