Question ID: 994
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.14.01
Status: Final
Date of submission: 13 Feb 2017
Question
PRA issued a consultation paper CP20/15 in June 2015 and according to that paper the product code for "annuities stemming from non-life insurance obligations" should be "784". Should this code be used in S.14.01 or the product code of that product of non-life insurance that has given rise to these annuities?
EIOPA answer
The question adresses specifically a PRA consultation focusing on codification of products.
As instructions in C0010 specify that if a code is already in use or is attributed by the competent authority for supervisory purposes that code shall be used, please note that this answer is only valid for undertakings supervised by PRA.
PRA expects undertakings to use code 784 for annuities from non-life.