Question ID: 893
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.02.02
Status: Final
Date of submission: 06 Dec 2016
Question
Should the look-through approach be followed when populating the S.02.02 report? Is it applicable when determining the reporting obligation (i.e. provision that the template is required to be submitted if one single currency represents more than 90% oa assets and also of liabilities)?
If the look-through approach is to be followed, how should one treat liabilities which are covered by unit-linked assets (collective investment undertakings) with underlying investments in foreign currencies - should these liabilities also be broken down according to the look-through structure of the assets?
EIOPA answer
In the case of CIU the amount should be reported in the currency identified in the C0280 of the S.06.02., and in the case of unit-linked the assets need to be reported in different coulmns of S.02.02. according to the currency of the items as listed in S.06.02.