Question ID: 25
Regulation Reference: Guidelines on submission of information to NCAs (Preparatory phase)
Article: 35
Template: S.06.02
Status: Final
Date of submission: 14 Feb 2014
Question
On the list of assets (S.06.02, old Assets-D1) how should CIC 71, 72 and 73 (cash and deposits) items be reported if the entity has such assets both in UL and in non-UL funds? Should they be presented in one line per (bank and) currency or should they also be split according to the UL flag?
EIOPA answer
Regarding the reporting of assets held in unit linked and index linked funds, for all categories of assets, undertakings would need to report each asset held in unit linked and index linked funds, identifying item A3 as a “Y”. Consequently, the asset categories referred in your question, need to be reported by unit linked and index linked funds and then for:
- CIC 71 (Cash), only one line per currency is to be reported;
- CIC 72 (Transferable deposits (cash equivalents)), only one line per pair(bank, currency) is to be reported;
- CIC 73 (Other deposits short term (less than one year)), only one line per pair(bank, currency) is to be reported”
Finally, we require cash and deposits per bank: “only one line per pair(bank, currency) is to be reported”, so for each combination of bank and currency we will have one line reported. In this way we can assess counterparty and currency exposure regarding deposits.
Additionally undertakings would need also to report each asset not held in unit linked and index linked funds, identifying item A3 as a “N”.