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European Insurance and Occupational Pensions Authority
 

2652

Q&A

Question ID: 2652

Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities

Topic: Reporting Templates

Article: 35 of SII Directive

Template: S.06.02

Status: Revised

Date of submission: 26 May 2023

Question

Regards the updates within 2.8 taxonomy and the associated LOG guidance (in the draft business package supporting SII taxonomy 2.8.0) for the new data point C0293. We would welcome any guidance EIOPA can give to limit the scope of misinterpretation of the requirements (by filers and NCAs) for C0293. We are not looking for "hard-and-fast" rules to cover the entire spectrum of investments and the applicability therein of Directive 2014/59/EU; that would not be a reasonable request to make of EIOPA. But if you can give some high-level steer and any examples that would help a common understanding, particularly with the likelihood that NCA's will implement Plausibility tests in light of this new field not being covered in 2.8 taxonomy validations. For example, 1. Would EIOPA see it as reasonable (e.g. in NCA plausibility tests) to expect C0293 to be set as “9 – Not applicable”/empty in: a) all cases for certain CIC (e.g. where CIC 71 or 75, 3, 4 or 95 then C0293 would always be “9 – Not applicable”/empty as these types of investments are by their nature not in scope for Directive 2014/59/EU) b) most (but not all) cases for certain CIC (e.g. CIC 1 then C0293 should usually be “9 – Not applicable”/empty). 2. And vice-versa, would EIOPA see it as reasonable to expect C0293 to NOT be set as “9 – Not applicable”/empty in: a) all cases for certain CIC (e.g. CIC 2,…) b) most cases for certain CIC (but not all) cases (e.g. CIC 5,6).

EIOPA answer

Answer was revised on 2 December 2025:

Please note that according to Directive 2014/59/EU - the Bank Recovery and Resolution Directive liabilities which are outside the scope of the bail-in tool generally shall be reported as "9 - not applicable" while liabilities that fall in the scope of the bail-in tool but where a resolution authority decides to exclude or partially exclude an eligible liability or class of eligible liabilities from the scope of the bail-in tool shall be reported as “2 – No". The reporting will depend on the specific cases. Thus in some being straightforward based on Article 44 (e.g. covered deposits and secured liabilities including covered bonds and liabilities in the form of financial instruments used for hedging purposes which form an integral part of the cover pool and which according to national law are secured in a way similar to covered bonds which shall be reported as “2-No") while in others will depend on number of factors. For example, CIC 3 which while in most cases as indicated by your question will be reported in C0293 as “9 - Not applicable" in case of bank shares (entities subject to Directive 2014/59/EU) shall be reported as “1-Yes" See also Q&A 3434

 

Answer published until 2 December 2025:

EIOPA confirms the examples.