EIOPA · 2964
Reporting Templates
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
- Topic
- Reporting Templates
- Submitted
- 2024-01-25
- Answered
- 2024-04-11
Question
We would like to ask information on how to fill the fields C0320 and C0330 in template S.06.02 in case the credit rating is provided by a non-EU CRA and endorsed by an ECAI registered by ESMA. We would like to ask confirmation that, in this particular situation, the abovementioned fields should be filled with reference to the ECAI registered in EU that has endorsed the ratings.
Answer
This question has been rejected because the matter it refers to has been answered in
Q&A 1404 - European Union (europa.eu). Ratings issued by third-country CRAs (credit rating agencies) can only be used if they have been endorsed by an EU registered CRA of the same group. Once a credit rating is endorsed, it is considered as having been issued by an EU CRA. In the case of an endorsed credit rating, the endorsing CRA (i.e. the EU registered CRA) should be the one reported in S.06.02 (not the third-country CRA).
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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