EIOPA · 184
184
- Regulation
- Guidelines on submission of information to NCAs (Preparatory phase)
- Article
- 35
- Submitted
- 2015-10-29
- Answered
- 2019-10-31
Question
Fiel A10 in AD-D1-L-S.06.02 requires that the "ultimate parent undertaking of issuer" is to be reported. How far do you expect us to go with ultimate? There are issuers where the ultimate parent goes up to a country. Does it have to go until a country (where it is applicable) or does it have to go until there is a corporation/company and stop one step before the country? For example: issuer ABN AMRO Bank NV; is the ultimate Parent ABN AMRO GROUP or Kingdom of the Netherlands?
Answer
In the example given and similar situations it should be the ultimate holding company and not the Kingdom of the Netherlands, or any other government.
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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