EIOPA · 986
986
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35
- Submitted
- 2016-02-13
- Answered
- 2019-09-23
Question
The definition of CIC 72 refers to deposits that can be used without penalty or restriction. Is this penalty / restriction separate from whether this deposit is pledged or collateral or not? For example, if you have a bank account that is pledged, is it possible to declare it as CIC 72 and at the same time declare it as pledged as collateral within S.06.02 QRT.
Answer
The use of deposits as collateral or pledged deposits should be considerd as a restriction. This deposits should be classified as CIC 79 - Other.
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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