Question ID: 2920
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Template: S.06.02
Status: Final
Date of submission: 07 Dec 2023
Question
In the course of taxonomy 2.8.0, the definition of CIC codes, so that also corporate bonds guaranteed by sovereigns but issued in non-domestic currencies are part of the Government Bonds group (CIC=1). However, it is unclear in which subcategory these bonds should be captured. We believe that due to any other appropriate subcategory, such bonds should be classified as CIC=19, correct?
EIOPA answer
Corporate bonds guaranteed by sovereigns but issued in non-domestic currencies should be classified as CIC 18 “Government bonds not denominated in the domestic currency".