Question ID: 3366
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: Rejected
Date of submission: 17 Jun 2025
Question
We have a question regarding the application of the CIC code in QRT S.06.02 for UCITS funds. In the context of QRT S.06.02, when we report a UCITS fund (for example, a French-domiciled UCITS fund), should we use the country-specific CIC (such as FR41) or XL41 for these instruments ? to the extent that this fund, even though it is UCITS, is not listed on a stock exchange unlike ETFs. Some homologues could say we should always use the country code of the fund’s domicile (so for a French UCITS fund, we’d use FR41), while others could have a different view. Could you please clarify which approach is expected by EIOPA?
EIOPA answer
This question has been rejected because the issue it deals with is already addressed in the instructions for QRT S.06.02 and in Annex VI of Commission Implementing Regulation (EU) 2023/894 of 4 April 2023 laying down implementing technical standards for the application of Directive 2009/138/EC of the European Parliament and the Council with regard to the templates for the submission by insurance and reinsurance undertakings to their supervisory authorities of information necessary for their supervision and repealing Implementing Regulation (EU) 2015/2450. EIOPA confirms that the instructions for C0290 of QRT S.06.02 point to Annex VI – CIC table of this Regulation for the correct identification of the CIC code. Consequently, code XL shall be used for assets that are not listed on a stock exchange and Code XT for assets that are not exchange tradeable.
In addition, it has to be noted that the funds’ domicile is requested under “issuer country” (C0270) in QRT S.06.02.