EIOPA · 2754
Reporting Templates
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
- Article
- ANNEX VI Definitions of the CIC Table
- Topic
- Reporting Templates
- Submitted
- 2023-08-09
- Answered
- 2023-10-19
Question
The definition of cic classes 87 and 88 states that they shall prevail over cic classes 81 - 86. Does this also apply for Mortgages, loans made with collateral in the form of real estate to natural persons and loans made with insurance policies as collateral, or are these type of loans completely excluded from cic classes 87 and 88?
Background
CIC 88 completely disregards the type of asset.
Answer
Loans to natural persons, no matter if mortgage or loans on policies or uncollateralized, are to categorized as 88 or 87 in case of loans to AMSB.
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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