EIOPA · 3113
Reporting Templates
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
- Topic
- Reporting Templates
- Submitted
- 2024-06-25
- Answered
- 2024-10-11
Question
I have a question on the reporting of the issuer country (C0270) on the S.06.02 for CIC7s. In the instance of where a bank is registered in one country (E.g. US) but has a branch in another country (e.g. IE) and the cash/deposits are held in that branch, should the country be reported as that of the registered entity (US in above example) or the branch (IE in the above example)? Internally, we note the country of risk as being the country of the registered entity as opposed to the branch.
Answer
In the described case in S.06.02, C0270 Issuer Country shall be reported the country of the branch in line with the instructions according to which for CIC7 is to be reported the country of the depositary entity.
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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