EIOPA · 115
115
- Regulation
- Guidelines on submission of information to NCAs (Preparatory phase)
- Article
- 35
- Submitted
- 2014-09-04
- Answered
- 2019-10-31
Question
What CIC code group should be used for investment deposits (not tradable)? Should CIC group 5 structured notes be used (as investment deposits include also derivative component) or group 7 cash and deposits be used?
Answer
Any security that has embedded a derivative should be reported as structure product regardless of the base instrument.
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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