EIOPA · 929

929

Name: EIOPA Q&A 929 — EU Financial Regulatory Q&A
Creator: European Insurance and Occupational Pensions Authority
License: https://creativecommons.org/licenses/by/4.0/

Regulation: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Submitted: 2016-01-27
Answered: 2019-09-23

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Question

What is the correct CIC category for registered bonds (Namensschuldverschreibung) and bonded loans/promissory notes (Schuldscheindarlehen)? We believe that these instruments are very similar to loans and should be classified as 8 (loans). Nevertheless, we've been told by some authorities that they expect these assets to be classified as 1 (government bonds) or 2 (corporate bonds).

Answer

The securities identified (Schuldscheindarlehen (SSD) as well as Namensschuldverschreibungen (NSV)) should in fact be classified as CIC 1 or CIC 2.

View original on European Insurance and Occupational Pensions Authority ↗

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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