EU Financial Regulatory Q&A Database

Annex VII of the Delegated Regulation, Table 2 on composition of costs: Cost elements in the “composition of costs” table are to be presented assuming a 0% annual return which is consistent with the p

PRIIPs

Where a UCITS, AIF or unit-linked insurance-based investment product refers to an index in its investment objectives and policy as a benchmark and will measure the performance against that index, but

PRIIPs

If a UCITS, AIF or unit-linked insurance-based investment product does not yet have past performance data for one complete calendar year (and is not a UCITS or AIF which may provide simulated data for

PRIIPs

For Category 2 PRIIPs, is it possible to use lower percentiles of the estimated distribution of outcomes as foreseen in point 24 of the Delegated Regulation?

PRIIPs

Regarding Article 8(3) of the Delegated Regulation: a) What is meant by "performance scenario calculations"? Is it necessary for the full calculations underlying each scenario to be published or just

PRIIPs

Article 14(e) of the Delegated Regulation refers only to the publication of past performance of the underlying Category 2 investment options as required by Article 8(3) and not to the requirement in A

PRIIPs

Point 15 of Annex IV of the Delegated Regulation states that for Category 2 PRIIPs for which there is not an appropriate benchmark with sufficient history, performance scenarios shall be calculated in

PRIIPs

Regarding the methodologies for performance scenario described in Annex IV of the Delegated Regulation ((EU) 2021/2268) it is not clear what approach should be used to build performance scenarios for

PRIIPs

Is it required to keep the same benchmark for the SRI and performance scenario calculations?

PRIIPs

Point 12 of Annex IV of the Delegated Regulation notes that where the objectives of the PRIIP make reference to a benchmark, that benchmark shall be used for the performance scenario calculations. How

PRIIPs

What is the intended calculation for the “linear transformation” in point 7(c)(iv) iof Annex IV of the Delegated Regulation?

PRIIPs

What approach should be taken for Category 2 PRIIPs for which there is not an appropriate benchmark or proxy with sufficient historical data which meets the criteria set out in point 5 of Annex IV of

PRIIPs

Maturity floor in Standard Method for CVA

Regulation (EU) No 575/2013 (CRR) · Art. 384

Valuation of ASA: financial instruments with a negative fair value

Regulation (EU) No 2019/2033 (IFR) · Art. 19

Preferential risk weight for exposures to central governments and central banks under Article 114(4) of CRR

Regulation (EU) No 575/2013 (CRR) · Art. 114

Application of Articles 52 and 54 of Regulation No. 575/2013 (CRR) at consolidated level

Regulation (EU) No 575/2013 (CRR) · Art. 52

Definition and scope of Asset Under Management

Regulation (EU) No 2019/2033 (IFR) · Art. 4

Definition of private equity exposures in articles 155(2) and 155(3)

Regulation (EU) No 575/2013 (CRR) · Art. 155

Scope of COH definition under IFR

Regulation (EU) No 2019/2033 (IFR) · Art. 4

Nature and treatment of off-balance financial leasing exposures (generated by the lag between the order of the asset and the rental starting date)

Regulation (EU) No 575/2013 (CRR) · Art. 166

Delta calculation internal models

Regulation (EU) No 575/2013 (CRR) · Art. 329

Risk weights for exposures towards Member States’ central governments and central banks denominated and funded in the domestic currency of that central government and central bank.

Regulation (EU) No 575/2013 (CRR) · Art. 114

Treatment of an institution’s investments into EU AIF managed by a non-EU AIFM and into closed-ended CIUs

Regulation (EU) No 575/2013 (CRR) · Art. 132

Reduction of own funds according to Article 78(1)(a) CRR

Regulation (EU) No 575/2013 (CRR) · Art. 78

Outsourcing

(EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII) · Art. EIOPA-BoS-20-002 Guidelines on outsourcing to cloud service providers

Treatment of cash on Nostro accounts – i.e., Bank’s cash held by a third party institution acting as a service provider for payment and settlement purposes

Regulation (EU) No 575/2013 (CRR) · Art. 134

Classification of a gurantees for trade finance off-balance sheet items according to annex 1.

Regulation (EU) No 575/2013 (CRR) · Art. Annex 1

Consideration of Cloud services as outsourcing arrangements

Directive 2013/36/EU (CRD) · Art. 74

Reporting Templates

(EU) No 2015/2450 - templates for the submission of information to the supervisory authorities · Art. Article 35 of SII Directive

Long Term Guarantees (LTGs)

(EU) No 2015/2450 - templates for the submission of information to the supervisory authorities · Art. Article 35 of SII Directive

Solvency Capital Requirement (SCR)

(EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII) · Art. 176

Valuation of Assets and Liabilities other than TPs

(EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII), Guidelines on recognition and valuation of assets and liabilities other than technical provisions · Art. Article 176 of the Delegated Regulation (EU) 2015/35

Risk Free Rate (RFR)

Risk-Free Interest Rate - Credit and currency adjustments · Art. N/A

Risk Free Rate (RFR)

Risk-Free Interest Rate - Extrapolation · Art. N/A

C 91.00: Relevant scenario for own funds requirements

Regulation (EU) No 575/2013 (CRR) · Art. 430

v7386_m and v7387_m (COREP)

Regulation (EU) No 575/2013 (CRR) · Art. 430

Inclusion of CCR into C 08.07 and CR6-A

Regulation (EU) No 575/2013 (CRR) · Art. 430

C 34.06 - Counterparty with dual Counterparty Type

Regulation (EU) No 575/2013 (CRR) · Art. 430

Reporting of gold positions in C 22.00

Regulation (EU) No 575/2013 (CRR) · Art. 1

Classification of derivative exposures in a CIU for standardised approach

Regulation (EU) No 575/2013 (CRR) · Art. 430

Reporting Templates

(EU) No 2015/2450 - templates for the submission of information to the supervisory authorities · Art. N/A

Reinsurance

(EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII) · Art. 211

Solvency Capital Requirement (SCR)

(EU) No 2009/138 - Solvency II Directive (Insurance and Reinsurance) · Art. N/A

Reporting (Art. 40 PEPP)

(EU) 2020/852 - Taxonomy Regulation · Art. N/A

Reporting Templates

(EU) No 2015/2450 - templates for the submission of information to the supervisory authorities · Art. 35 of SII Directive

Reporting Templates

(EU) No 2015/2450 - templates for the submission of information to the supervisory authorities · Art. N/A

Reinsurance

(EU) No 2015/2450 - templates for the submission of information to the supervisory authorities · Art. Taxonomy 2.8.0

Technical Provisions (TPs)

(EU) No 2015/2450 - templates for the submission of information to the supervisory authorities · Art. 35 of SII Directive

Technical Provisions (TPs)

(EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII) · Art. 61

Technical Provisions (TPs)

(EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII) · Art. Article 28(c) and (e); and 189 of the Delegated Regulation (EU) 2015/35