EIOPA · 2215
Reporting Templates
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- N/A
- Topic
- Reporting Templates
- Submitted
- 2020-10-28
- Answered
- 2022-10-14
Question
In relation to EIOPA Q&A 1904 please provide clarity on the following matters: The question is regarding the sale of equity. Are we correct to assume that in this context the term equity refers to the sale of common equity shares held and then sold by the company, and not the sale of the company’s own shares? Furthermore, the answer concludes that a CIC Code XT79 is correct classification to assign to the short term cash receivable for the sale of equity. Would this conclusion hold true for the sale of bond holdings too? If not, please explain what CIC Code should be used for the short term cash receivable for the sale of bonds held by a company?
Background
EIOPA Q&A 1904
Answer
The conclusion from Q&A 1904 also applies to bonds and the selling of own shares. Given that the instrument has been sold, but the payment is still pending on the reference date, the value should be reported as XT79, “Any other assets, not elsewhere shown” (R0420).
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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