EIOPA · 120
120
- Regulation
- Guidelines on submission of information to NCAs (Preparatory phase)
- Article
- 35
- Submitted
- 2014-09-04
- Answered
- 2019-10-31
Question
CDS is required on both D2O and D2T templates. It also appears that it should be included on D1S as a hybrid structured note? Is this understanding correct? If so, do CDS also need to be included in the D1 template as well?
Answer
CDS shall be reported as a derivative. As such shall be reported under S.08.01 and S.08.02. In S.07.01 the cell “Type of structured product” include the option CDS but to identify the derivative embedded in the structure product. This will be made clear in the LOG for the future Technical Standard.
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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