EIOPA · 2920
Reporting Templates
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
- Topic
- Reporting Templates
- Submitted
- 2023-12-07
- Answered
- 2024-05-03
Question
In the course of taxonomy 2.8.0, the definition of CIC codes, so that also corporate bonds guaranteed by sovereigns but issued in non-domestic currencies are part of the Government Bonds group (CIC=1). However, it is unclear in which subcategory these bonds should be captured. We believe that due to any other appropriate subcategory, such bonds should be classified as CIC=19, correct?
Answer
Corporate bonds guaranteed by sovereigns but issued in non-domestic currencies should be classified as CIC 18 “Government bonds not denominated in the domestic currency".
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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