Question ID: 69
Regulation Reference: Guidelines on submission of information to NCAs (Preparatory phase)
Article: 35
Template: S.26.02
Status: Final
Date of submission: 05 May 2014
Question
My question concerns CIC codes assigned to securities issued by supranational institutions. I’ve read in some document (released by sources different from EIOPA) CIC codes assigned to supranational institutions bonds beginning for “EU” (European Union Institutions) and for “XA” (Supranational Issuers different from EU Institutions).
The codes “EU” and “XA” are only used in QRT S.06.02 cell A11: Issuer Country.
In order to determine the first two digits of the CIC code we should always verify the country of quotation of the security, in any case.
So, a bond issued by a European Institution and listed only in France (regulated market or MTF) should have FR12 instead of EU12.
Please, could you confirm whether this interpretation is correct or not?
EIOPA answer
The interpretation is correct. One bond issued by an European Institution should be reported as “EU” in cell A11 – Issuer Country, but for the determination of the CIC code the first two letters should identify the country ISO code where the asset is listed in, in the case described, “FR”.