Question ID: 551
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.06.02
Status: Final
Date of submission: 18 Mar 2016
Question
We have a question on C0150 - Valuation method on assets in S.06.02 "List of assets". In the preparatory reporting we have seen different reporting from different companies on "Investment funds". NAV prices are normally quoted on a daily basis on Investment funds from fund management companies.
However these Investment funds cannot be said to be trading on a regulated market defined as a MTF according to directive 2014/65/EU. Is there a more exact definiton on alternative 1. "quoted market price in active markets for the same assets"?
EIOPA answer
In the case of CIU it depends. The case described in the question is an example of where the option 3 (alternative valuation methods) should be used as the quotation on investment funds by fund management companies does not comply with article 10 (4) of the Delegated Regulation.