Question ID: 3355
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Template: S.37.02
Status: Rejected
Date of submission: 26 May 2025
Question
We are seeking clarification on how to report "Other Category" for S.37.02.
Is our understanding of the below correct:
- x8 - Aggregated currencies due to application of threshold (from tax 2.5.0) for "Currencies"
- K - Other activities auxiliary to insurance and pension funding for "Sector" - Aggregated countries due to application of threshold for "Country"?
Could EIOPA please also explain why countries like XA and EU are not allowed in S.37.02, while they are not just allowed but required for Issuer Country within S.06.02?
EIOPA answer
The question has been rejected as the issue it deals with is already explained in the ITS on Reporting and Taxonomy 2.8.2.
Please note that the “Other” category in S.37.02 is used in case the country, sector or currency is not relevant. In accordance with the instructions of S.37.02, exposures should be reported in order of relevance (from the maximum exposure to the minimum one). Therefore, the “other” category builds a residual category and can be seen as simplified way to report less relevant exposures.
The dedicated “other” element was added already in the release of Taxonomy 2.8.2.
EIOPA’s proposals for the revision of the ITS on Reporting further clarify for S.37.02 that in case the country, sector or currency is not relevant (in case of a threshold set by the group supervisor) these figures may be reported under an “Other” category. The proposals are contingent upon the adoption by the European Commission.
Contrary, S.06.02, requires specific and individual information on all assets.
E.g “issuer country” is considered here as pivotal individual specific information whereas S.37.02 (as explained above) takes an aggregated view to monitor exposures aggregated by currency, sector and country.
Generally, the asset-by-asset reporting in S.06.02 is a more comprehensive template and the XA and EU options were deemed necessary to include the issuers that are for example supranational organisations, and for which it could be misleading to report them under specific country.
The modelling on S.37.02.04.03 list of options for countries reflects the instructions requiring reporting aggregation by country of exposure.