EIOPA · 1997
1997
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 187, 215
- Submitted
- 2019-10-17
- Answered
- 2019-11-08
Question
Article 187 of Delegated Regulation (EU) 2015/35 has been amended with COMMISSION DELEGATED REGULATION (EU) 2019/981.Bonds that are guaranteed by regional "governments and local authorities, where the guarantee meets the requirements set out in Article 215 of this Regulation, shall be treated as exposures to the central government."
The Definition for Government Bonds in ANNEX VI of COMMISSION IMPLEMENTING REGULATION (EU) 2015/2450 hasn't been updated so far. Is it allowed or wanted to take account of the amendment of Article 187 for the classification of the CIC´s of Bonds with a guarantee by regional governments and local authorities?
Answer
This amendment was in fact not reflected in the ITS amendments on reporting 2019. EIOPA will consider this in a next revision, meanwhile the assets under this condition should be reported as CIC 19.
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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