EIOPA · 1144
1144
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35
- Submitted
- 2017-06-12
- Answered
- 2019-09-26
Question
I need some clarification on S.06.03 QRT’s content (funds look through): my question is about the underlying asset category, in particular about the option 4 “Collective Investment Undertakings”
In the box C0030 (A4) you can read:
“When the look-through regards a fund of funds, category “4 - Collective Investment Units” shall be used only for non-material residual values”
If a fund is not a fund of fund, you have to use only the option 4 or exists a level in value above which you shall do a second level look through analysis?
Answer
The amount to be reported in Category "4 – Collective Investment Units" should in any case be used only for an amount considered as residual.
Current drafting of the Instructions imply that if the CIU was not a fund of fund a complete look-through would be needed. However please note that EIOPA is proposing (still not finally approved) an amendment that would allow to use this approach for funds that are not funds-of-funds.
Please note that even with the amendment under consideration Category "4 – Collective Investment Units" needs to be used only for residual amounts.
Link to ITS amendment package -Supervisory reporting - DPM and XBRL
This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
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