Commission Implementing Regulation (EU) 2021/897 of 4 March 2021 laying down implementing technical standards for the application of Regulation (EU) 2019/1238 of the European Parliament and of the Council with regard to the format of supervisory reporting to the competent authorities and the cooperation and exchange of information between competent authorities and with the European Insurance and Occupational Pensions Authority (Text with EEA relevance)
CHAPTER I — QUANTITATIVE SUPERVISORY REPORTING
Formats of supervisory reporting
Pan-European Personal Pension Product (PEPP) providers shall submit the information referred to in Article 40(1) to (5) of Regulation (EU) 2019/1238 in accordance with the following specifications:
(a)
data points with the data type ‘monetary’ shall be expressed in units with no decimals with the exception of templates PP.06.02 and PP.08.03 as set out in Annexes I and II which shall be expressed in units with two decimals;
(b)
data points with the data type ‘percentage’ shall be expressed as per unit with four decimals;
(c)
data points with the data type ‘integer’ shall be expressed in units with no decimals;
(d)
data points shall be expressed as positive values except in the following cases:
(i)
data points are of an opposite nature from the natural amount of the item;
(ii)
the nature of the data point allows for positive and negative values to be reported;
(iii)
a different reporting format is required by the respective instructions set out in Annexes V to XIV to this Regulation.
Reporting currency
1. For the purposes of this Regulation ‘reporting currency’ shall be the currency used for the preparation of the PEPP provider’s financial statements, unless otherwise required by the competent authority.
2. Data points and figures with the type ‘monetary’ shall be reported in the reporting currency, which requires the conversion of any other currency into the reporting currency, unless otherwise provided in this Regulation.
3. When expressing the value of any asset or liability denominated in a currency other than the reporting currency, the value shall be converted into the reporting currency as if the conversion had taken place at the closing rate on the last day for which the appropriate rate is available in the reporting period to which the asset or liability relates.
4. When expressing the value of any income or expense, the value shall be converted into the reporting currency applying the basis of conversion used for accounting purposes.
5. The conversion into the reporting currency shall be calculated by applying the exchange rate from the same source used for the PEPP provider’s financial statements, unless otherwise required by the competent authority.
Templates for annual quantitative reporting
PEPP providers shall submit annually the information referred to in Article 1 of Delegated Regulation (EU) 2021/896 using the following templates:
(a)
template PP.01.01 of Annex I, specifying the content of the submission, following the instructions set out in section PP.01.01 of Annex II;
(b)
template PP.01.02 of Annex I, specifying basic information on the PEPP and of the reporting, following the instructions set out in section PP.01.02 of Annex II;
(c)
template PP.52.01 of Annex I, specifying PEPP and PEPP saver information, following the instructions set out in section PP.52.01 of Annex II;
(d)
template PP.06.02 of Annex I, specifying an item-by-item list of assets following the instructions set out in section PP.06.02 of Annex II and using the complementary identification code (CIC) as set out in Annex III and defined in Annex IV;
(e)
template PP.06.03 of Annex I, providing information on the look-through of all collective investments held by the PEPP provider following the instructions set out in section PP.06.03 of Annex II;
(f)
template PP.08.03 of Annex I, providing aggregate information on open positions of derivatives, following the instructions set out in section PP.08.03 of Annex II and using the CIC as set out in Annex III and defined in Annex IV.
Appropriateness of the information submitted
For the purposes of Article 40(6) of Regulation (EU) 2019/1238, PEPP providers shall use the relevant templates set out in Annex I to this Regulation to ensure the ongoing appropriateness of the information submitted.
CHAPTER II — GENERAL PROVISIONS ON COOPERATION AND EXCHANGE OF INFORMATION
General principles
The European Insurance and Occupational Pensions Authority (EIOPA) shall facilitate the regular exchange of information between the competent authorities of home and host Member States and shall, if the information is relevant for EIOPA’s duties, be kept informed of any bilateral exchange of information.
Single contact points
The competent authorities shall provide the details of the single contact points to EIOPA and shall inform EIOPA of any changes to those details. EIOPA shall maintain an up-to-date list of the single contact points and shall make the list available to the competent authorities.
Means of exchange of information
The competent authorities and EIOPA shall transmit information and documentation relating to the cooperation and exchange of information referred to in Chapter I in a secure manner by electronic means. Competent authorities shall transmit electronic confirmation following receipt of that information and documentation.
Currency
The competent authorities and EIOPA shall express amounts in euro in exchanges of information between them. However, the competent authorities may agree to use other currency for bilateral exchanges of information.
CHAPTER III — COOPERATION AND EXCHANGE OF INFORMATION IN THE REGISTRATION AND DEREGISTRATION PROCESS
Registration of a PEPP
1. The competent authorities shall communicate to EIOPA the information referred to in Article 6(2)(a), (b), (d), (f) and (g) of Regulation (EU) 2019/1238 by means of the template set out in Annex V to this Regulation.
2. The competent authorities shall communicate to EIOPA any modifications to the information and documents provided in the application by compiling only those parts of the template set out in Annex V that are affected by the modifications.
3. EIOPA shall promptly inform the competent authorities if the modifications affect activities of the PEPP provider in the respective Member States, by means of the templates set out in Annex VI or Annex VIII.
4. After the product has been registered in the central public register, EIOPA shall notify the relevant competent authorities thereof by means of the template set out in Annex VI.
Opening a new sub-account
1. In the case of opening a new sub-account, the competent authority of the home Member State shall notify the competent authority of the host Member State and EIOPA by means of the template set out in Annex IX.
2. The competent authority of the host Member State shall acknowledge the receipt of the information and documents by means of the template set out in Annex X. The competent authority of the home Member State shall communicate any modifications to the sub-account to the competent authority of the host Member State and EIOPA, by compiling only those parts of the template set out in Annex IX that are affected by the modifications.
Information on national provisions
By means of the template set out in Annex XIV to this Regulation, the competent authorities shall provide EIOPA with a link to all the following:
(a)
the text of the national laws, regulations and administrative provisions governing the conditions related to the accumulation phase referred to in Article 47 of Regulation (EU) 2019/1238;
(b)
the conditions related to the decumulation phase referred to in Article 57 of Regulation (EU) 2019/1238;
(c)
where applicable, information about additional procedures for applying for advantages and incentives set at national level.
Deregistration of a PEPP
1. The competent authority shall notify EIOPA of its decision for deregistration of a PEPP by means of the template set out in Annex VII.
2. EIOPA shall deregister the PEPP from its central public register and shall notify the relevant competent authorities accordingly by means of the template set out in Annex VIII.
CHAPTER IV — ONGOING COOPERATION AND REGULAR EXCHANGE OF INFORMATION
Cooperation between competent authorities and with EIOPA
1. The cooperation between the competent authorities and with EIOPA shall cover at least the following areas:
(a)
supervision;
(b)
inspections and investigations;
(c)
identification and remediation of infringements of Regulation (EU) 2019/1238;
(d)
information on complaints;
(e)
planned supervisory actions against the PEPP provider or distributor where relevant for the PEPP product;
(f)
planned supervisory actions to mitigate PEPP savers’ detriment including the intended exercise of product intervention powers referred to in Article 63 of Regulation (EU) 2019/1238.
2. EIOPA shall annually provide the concerned competent authority of the host Member State with the supervisory information related to the PEPP provided in that Member State, as provided in Article 14.
3. Upon a request made pursuant to Article 16, competent authorities and EIOPA shall exchange, to the extent available to them, any information related to the PEPP, which is relevant for carrying out their duties and not provided for in Article 15.
4. Where appropriate, the competent authority of the home Member State shall promptly inform the competent authority of the host Member State about any findings from its supervisory review processes, which relate to risks arising from or affecting the cross-border sales or sub-accounts of the PEPP. The competent authority of the home Member State shall provide that information in cases where the competent authority of the host Member State has already raised concerns.
5. The competent authority of the host Member State shall promptly inform the competent authority of the home Member State if it has reasons to consider that the activities of a PEPP provider might affect the financial soundness of that PEPP provider or the protection of consumers in other Member States.
6. The competent authority of the home Member State shall cooperate with the competent authority of the host Member State to assess whether the PEPP provider has a clear understanding of the target market and the risks that the products face or may face in the host Member State, and which specific related risk management tools and internal controls are in place, having regard to the proportionality principle and the risk-based approach.
7. Cooperation shall particularly focus on the following risk areas:
(a)
profile of the PEPP savers;
(b)
local PEPP partnerships and distribution partners;
(c)
complaints handling;
(d)
compliance;
(e)
consumer protection and any other aspects relating to the conduct of the PEPP provider and the PEPP distributor, including product oversight and governance requirements.
Regular exchange of information
1. EIOPA shall extract and derive the following information about each PEPP provided in a host Member State:
(a)
number of the PEPP savers in the concerned Member State;
(b)
Member States for which the PEPP provider offers sub-accounts;
(c)
number of requests for switching and actual transfers if a specific sub-account is not offered in the concerned Member State;
(d)
information regarding each PEPP provided in the concerned Member State, subject to availability, as reported in:
(i)
template PP.01.02 of Annex I, specifying basic information on the PEPP and of the reporting, following the instructions set out in section PP.01.02 of Annex II;
(ii)
template PP.52.01 of Annex I, specifying PEPP and PEPP saver information, following the instructions set out in section PP.52.01 of Annex II;
(iii)
template PP.06.02 of Annex I, specifying an item-by-item list of assets following the instructions set out in section PP.06.02 of Annex II and using the CIC as set out in Annex III and defined in Annex IV;
(iv)
template PP.06.03 of Annex I, providing information on the look-through of all collective investments held by the PEPP providers following the instructions set out in section PP.06.03 of Annex II;
(v)
template PP.08.03 of Annex I, providing aggregate information on open positions of derivatives, following the instructions set out in section PP.08.03 of Annex II and using the CIC as set out in Annex III and defined in Annex IV.
EIOPA shall make available the information referred to in the first subparagraph for each PEPP to each concerned host competent authority on an annual basis.
2. Paragraph 1 shall not preclude competent authorities from exchanging more granular data on a more regular basis or upon request.
CHAPTER V — AD HOC COOPERATION AND EXCHANGE OF INFORMATION
Submission of a request for cooperation or exchange of information
1. A competent authority shall submit the request to the requested competent authority by means of the template set out in Annex XI. The requesting competent authority may attach to the request any supporting material it deems relevant. In case the information request is relevant for EIOPA’s duties, the requesting competent authority shall forward the request also to EIOPA.
2. The requesting competent authority shall specify the urgency of the request. Where the request for cooperation involves a request for information, the requesting competent authority shall:
(a)
specify, to the extent possible, the details of the information sought, including the reasons why that information is considered relevant for carrying out its duties under Regulation (EU) 2019/1238;
(b)
identify, where appropriate, any issue relating to the confidentiality of the information sought, including any special precaution for the collection of that information.
3. Where the requesting competent authority has justified reasons for categorising its request as urgent, it may make the request by means other than those provided for in paragraph 1, if the request is subsequently transmitted by electronic means in accordance with that paragraph, unless the competent authorities involved agree otherwise.
Reply to a request for cooperation or exchange of information
1. The requested competent authority shall provide its reply to the requesting competent authority by means of the template set out in Annex XII. If the reply is relevant for EIOPA’s duties, the requested competent authority shall forward the response also to EIOPA. In its reply, the requested competent authority shall:
(a)
request further clarification in any form as soon as possible where it has doubts in relation to the request;
(b)
take reasonable steps within the scope of its powers to cooperate or provide the requested information;
(c)
execute the request in a way that facilitates any necessary regulatory action to be undertaken in a timely manner, taking into account the complexity of the request and the necessity to involve another competent authority;
(d)
provide any additional essential information on its own initiative.
2. Where due to the complexity of the request or the amount of information requested the requested competent authority is unable to meet the time limit set in that request, it shall:
(a)
promptly inform the requesting competent authority of the reasons that justify such delay and provide an estimated date of response;
(b)
provide already available information by means of the template set out in Annex XII;
(c)
provide any missing information as soon as it becomes available in a manner that ensures that any necessary action can be taken expediently.
Cooperation and exchange of information in case of infringements
1. Upon becoming aware of any infringement or suspected infringement by a PEPP provider or PEPP distributor or such infringement occurring in the exercise of the freedom to provide services or freedom of establishment, the competent authority or EIOPA, as applicable, shall promptly notify the concerned competent authority by means of the template set out in Annex XIII. The notifying competent authority may attach to the notification any supporting material it deems necessary. If the infringement is relevant for EIOPA’s duties, the notifying competent authority shall also promptly notify EIOPA by means of the template set out in Annex XIII.
2. The notifying competent authority or EIOPA, as applicable, shall provide the notified competent authority with all the information necessary to assess the matter, in particular, the following information:
(a)
the type, nature, materiality and duration of the infringement or suspected infringement;
(b)
suggested actions and potential publication, if any, planned to be undertaken by the notifying competent authority;
(c)
the evidence upon which they have based their decision.
The notified competent authority and EIOPA, as applicable, may request from the notifying competent authority any other information they consider necessary for their assessment and action.
3. Where the notifying competent authority considers the information should be sent urgently, it may initially notify the notified competent authority and EIOPA, as applicable, verbally, provided that the information is subsequently transmitted by electronic means in accordance with paragraph 1, unless the competent authorities involved agree otherwise.
Entry into force
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union .
Supplementary provisions
REPORTING TEMPLATES
ANNEX ISupplementary provisions
ANNEX I
REPORTING TEMPLATES
PP.01.01.33
CONTENT OF THE SUBMISSION
C0010
Template Code - Template name
PP.01.02.33 - Basic Information - General
R0010
PP.52.01.33 – PEPP and PEPP saver information
R0020
PP.06.02.33 - List of assets
R0030
PP.06.03.33 - Collective investment undertakings - look - through approach
R0040
PP.08.03.33 – Aggregate information on open derivatives
R0050
PP.01.02.33
BASIC INFORMATION – GENERAL
C0010
PEPP name
R0010
PEPP registration number
R0020
Language of reporting
R0030
Reporting submission date
R0040
Financial year end
R0050
Reporting reference date
R0060
Regular/Ad hoc submission
R0070
Currency used for reporting
R0090
Product still commercialised?
R0260
Type of entity
R0270
Use of common pool of assets for all investments options
R0280
PP.52.01.33
PEPP AND PEPP SAVER INFORMATION (1)
Costs
Administration costs
Distribution costs
Investment costs
Costs of capital guarantees, if any
Costs of advice
C0020
C0040
C0050
C0060
C0100
Basic PEPP
R0010
Alternative investment options
R0040
PEPP AND PEPP SAVER INFORMATION (2)
Country
Number of PEPP savers
Financial and saver flows
…
Total gross contributions received
Total gross investment returns
C0150
C0160
C0170
Basic PEPP
R0010
Commercialised in the country
R0020
In run-off
R0030
Alternative investment options
R0040
Commercialised in the country
R0050
In run-off
R0060
Financial and saver flows
…
Number of notifications in accordance with Article 20(1) received from PEPP savers that have changed their residence to another Member State
Benefit payments not related to retirement
Total benefit payments
Benefit payments related to retirement
Benefit payments related to retirement paid through annuities
Benefit payments related to retirement paid through lump sum
Benefit payments related to retirement paid through drawdown payments
C0190
C0200
C0210
C0220
C0230
C0240
C0250
Financial and saver flows
Assets
Obligations
Number of requests for opening a sub-account in accordance with Article 20(2) of Regulation (EU) 2019/1238
Number of sub-accounts opened in accordance with Article 20(2) of Regulation (EU) 2019/1238
Number of requests from PEPP savers for switching in accordance with Article 20(5)(a) of Regulation (EU) 2019/1238
Actual transfers made in accordance with Article 20(5)(a) of Regulation (EU) 2019/1238
Number of requests from PEPP savers for switching made in accordance with Article 52(3) of Regulation (EU) 2019/1238
Actual transfers made in accordance with Article 52(3) of Regulation (EU) 2019/1238
C0260
C0270
C0280
C0290
C0300
C0310
C0320
C0330
Number of complaints
C0340
PP.06.02.33
LIST OF ASSETS
INFORMATION ON POSITIONS HELD
Asset ID Code and Type of code
Basic PEPP/alternative investment options
Country of custody
Custodian
Quantity
…
C0011
C0010
C0040
C0050
C0060
Par amount
Valuation method
Acquisition value
Accrued interest
Market asset value
C0070
C0075
C0080
C0090
C0100
INFORMATION ON ASSETS
Asset ID Code and Type of code
Item title
Issuer name
Issuer code and Type of issuer code
Issuer sector
…
C0011
C0130
C0140
C0150
C0170
Issuer group
Issuer Group Code and Type of issuer group code
Issuer country
Currency
CIC
…
C0180
C0190
C0210
C0220
C0230
Alternative investment
External rating
Nominated ECAI
Unit price
Unit percentage of par amount price
Duration
Maturity date
C0240
C0250
C0260
C0370
C0380
C0270
C0280
PP.06.03.33
COLLECTIVE INVESTMENT UNDERTAKINGS – LOOK-THROUGH APPROACH
Collective Investments Undertaking ID Code and Type of code
Underlying asset category
Country of issue
Currency
Total amount
C0010
C0030
C0040
C0050
C0060
PP.08.03.33
INFORMATION ON POSITIONS HELD – NOTIONAL AMOUNT
Notional amount
Basic PEPP
Alternative investment
PEPP assets
C0010
C0030
C0050
Interest rate swaps (D1)
R0010
Forward exchange rate agreement (F2)
R0020
Other derivatives
R0030
INFORMATION ON POSITIONS HELD – VALUE
Value
Basic PEPP
Alternative investment options
PEPP assets
C0020
C0040
C0060
Interest rate swaps (D1)
R0010
Forward exchange rate agreement (F2)
R0020
Other derivatives
R0030
INSTRUCTIONS ON REPORTING TEMPLATES
ANNEX IISupplementary provisions
ANNEX II
INSTRUCTIONS ON REPORTING TEMPLATES
This Annex contains additional instructions in relation to the templates set out in Annex I.
Templates which shall be filled in accordance with the instructions of the different sections of this Annex are referred to as ‘this template’ throughout the text of this Annex.
PP.01.01.33 – Content of the submission
General comments:
This section relates to annual submission of information for the pan-European Personal Pension Products (PEPP).
When a special justification is needed, the explanation shall not be submitted within the reporting template but shall be part of the dialogue between the undertaking providing the PEPP and competent authorities.
TABLE ORDINATE
ITEM
INSTRUCTIONS
C0010/R0010
PP.01.02.33 – Basic Information – General
This template shall always be reported. The only possible option is: 1 – Reported
C0010/R0020
PP.52.01.33 – PEPP and PEPP saver information
One of the options in the following closed list shall be used:
1 – Reported
0 – Not reported other reason (in this case special justification is needed)
C0010/R0030
PP.06.02.33 – List of assets
One of the options in the following closed list shall be used:
1 – Reported
0 – Not reported other reason (in this case special justification is needed)
C0010/R0040
PP.06.03.33 – Collective investment undertakings – look-through approach
One of the options in the following closed list shall be used:
1 – Reported
2 – Not reported as no Collective investment undertakings
0 – Not reported (in this case special justification is needed)
C0010/R0050
PP.08.03.33– Aggregate information on open derivatives
One of the options in the following closed list shall be used:
1 – Reported
2 – Not reported as no derivative transactions
0 – Not reported other reason (in this case special justification is needed)
PP.01.02 – Basic information – General
General comments:
This section relates to annual submission of basic information about the PEPP.
TABLE ORDINATE
ITEM
INSTRUCTIONS
C0010/R0010
PEPP name
Commercial name of PEPP (undertaking-specific).
C0010/R0020
PEPP registration number
Registration number for the PEPP, which is attributed by the EIOPA.
C0010/R0030
Language of reporting
Identify the 2-letter code of ISO 639-1 code of the language used in the submission of information.
C0010/R0040
Reporting submission date
Identify the ISO 8601 (yyyy-mm-dd) code of the date when the reporting to the supervisory authority is made.
C0010/R0050
Financial year end
Identify the ISO 8601 (yyyy-mm-dd) code of the financial year end of the undertaking, e.g. 2017-12-31.
C0010/R0060
Reporting reference date
Identify the ISO 8601 (yyyy-mm-dd) code of the date identifying the last day of the reporting period.
C0010/R0070
Regular/Ad hoc submission
Identify if the submission of information relates to regular submission of information or ad-hoc.
The following closed list of options shall be used:
1
– Regular reporting
2
– Ad hoc reporting
C0010/R0090
Currency used for reporting
Identify the ISO 4217 alphabetic code of the currency of the monetary amounts used in each report.
C0010/R0260
PEPP still commercialised?
Specify if product is still for sale or if it is just in runoff.
The following closed list shall be used:
—
Still commercialised
—
In run-off
C0010/R0270
Type of entity
Specify the type of entity to which PEPP provider submitting the data for its PEPP is falling into.
The following closed list shall be used:
—
Credit institution (pursuant to Directive 2013/36/EU of the European Parliament and of the Council ( 1 ) )
—
Insurance undertaking (pursuant to Directive 2009/138/EC of the European Parliament and of the Council ( 2 ) )
—
Institution for occupational retirement provision (pursuant to Directive (EU) 2016/2341 of the European Parliament and of the Council ( 3 ) )
—
Investment firm (pursuant to Directive 2014/65/EU of the European Parliament and of the Council ( 4 ) )
—
Investment company or management company (pursuant to Directive 2009/65/EC of the European Parliament and the Council ( 5 ) )
—
EUAIFM (pursuant to Directive 2011/61/EU of the European Parliament and of the Council ( 6 ) )
C0010/R0280
Use of common pool of assets for all investments options
Specify if the common pool of assets for all investment options is used.
The following closed list shall be used:
1 – Yes
2 – No
PP.52.01 – PEPP and PEPP saver
Information – General comments:
This section relates to annual submission of detailed information about a particular PEPP. In addition, some information for a particular PEPP investment option, i.e. Basic PEPP or alternative investment options, shall be further described, by country in which this product is commercialised and by sub-accounts opened. In case the alternative investment options become, individually or on aggregate, significant in relation to the savings in the Basic PEPP, the information shall be reported at a more granular level or at the level of each investment option.
All values shall be provided as if it would be reported in accordance with the prudential framework under which remit the entity falls.
Information regarding all alternative investment options shall be aggregated.
PEPP and PEPP saver information (1)
TABLE ORDINATE
ITEM
INSTRUCTIONS
C0020/R0010
Administration costs of Basic PEPP
Total amount of administrative costs related to the administration of the PEPP, charged to the PEPP saver during the reporting period.
The amount relates to one-off and recurring costs of Basic PEPP.
C0040/R0010
Distribution costs of Basic PEPP
Total amount of costs related to the distribution of the PEPP, The amount relates to one-off and recurring costs of Basic PEPP.
C0050/R0010
Costs of advice of Basic PEPP
Total amount of costs related to the costs of advice of the PEPP, charged during the reporting period.
The amount relates to one-off and recurring costs of Basic PEPP.
C0060/R0010
Investment costs of Basic PEPP
Total amount of investment costs related to the PEPP, charged during the reporting period. These costs cover the charges related to safekeeping of assets, activities stemming from performing transaction operations and other costs related to the investment activities but not attributable to two categories mentioned above.
The amount relates to one-off and recurring costs of Basic PEPP.
C0100/R0010
Costs of the capital guarantees, if any, of Basic PEPP
Total amount of costs of the capital guarantees of the PEPP, charged during the reporting period.
The amount relates to one-off and recurring costs of Basic PEPP.
C0020/R0040
Administration costs of alternative investment options
Total amount of administrative costs related to the administration of the PEPP, charged to the PEPP saver during the reporting period.
The amount relates to one-off and recurring costs of alternative investment options.
C0040/R0040
Distribution costs of alternative investment options
Total amount of costs related to the distribution of the PEPP.
The amount relates to one-off and recurring costs of alternative investment options.
C0050/R0040
Costs of advice of alternative investment options
Total amount of costs related to the costs of advice of the PEPP, charged during the reporting period.
The amount relates to one-off and recurring costs of alternative investment options.
C0060/R0040
Investment costs of alternative investment options
Total amount of investment costs related to the PEPP, charged during the reporting period. These costs cover the charges related to safekeeping of assets, activities stemming from performing transaction operations and other costs related to the investment activities but not attributable to two categories mentioned above.
The amount relates to one-off and recurring costs of alternative investment options.
PEPP and PEPP saver information (2)
TABLE ORDINATE
ITEM
INSTRUCTIONS
Z0010
Country
ISO 3166 1 alpha 2 code of the home or host Member States of the PEPP. This item shall be filled for each country where a sub-account is available or where the PEPP is provided.
C0150/R0020
Number of PEPP savers in Basic PEPP commercialised in the country
Number of PEPP savers in Basic PEPP commercialised in the country
C0160/R0020
Total gross contributions received for Basic PEPP commercialised in the country
Total amount of contributions over the reporting period paid by PEPP savers of Basic PEPP commercialised in the country.
C0170/R0020
Total gross investment returns for Basic PEPP commercialised in the country
Total amount of gross investment returns allocated to PEPP savers. The value is gross of investment costs of Basic PEPP commercialised in the country.
C0190/R0020
Total benefit payments for Basic PEPP commercialised in the country
Total amount of benefit payments over the reporting period to PEPP savers for the Basic PEPP commercialised in the country. This amount includes all benefits paid out, i.e. including biometric risks and other possible options included in particular product.
C0200/R0020
Benefit payments related to retirement for Basic PEPP commercialised in the country
Amount of benefit payment over the reporting period to PEPP savers of Basic PEPP commercialised in the country. This amount includes only benefits related to retirement.
C0210/R0020
Benefit payments related to retirement paid through annuities for Basic PEPP commercialised in the country
Amount of benefit payments over the reporting period to PEPP savers of Basic PEPP commercialised in the country. This amount includes only benefits related to retirement paid through annuities.
C0220/R0020
Benefit payments related to retirement paid through lump sum for Basic PEPP commercialised in the country
Amount of benefit payments over the reporting period to PEPP savers of Basic PEPP commercialised in the country. This amount includes only benefits related to retirement paid through a lump sum.
C0230/R0020
Benefit payments related to retirement paid through drawdown payments for Basic PEPP commercialised in the country
Amount of benefit payments over the reporting period to PEPP savers of Basic PEPP commercialised in the country. This amount includes only benefits related to retirement paid through drawdown payments.
C0240/R0020
Benefit payments not related to retirement for Basic PEPP commercialised in the country
Amount of benefit payments over the reporting period to PEPP savers of Basic PEPP commercialised in the country. This amount includes only benefits related to non-retirement covers, i.e. biometric risks and other possible options.
C0250/R0020
Number of notifications in accordance with Article 20(1) of Regulation (EU) 2019/1238 received from PEPP savers that have changed their residence to another Member State for Basic PEPP commercialised in the country
Number of notifications received from PEPP savers of Basic PEPP commercialised in the country related to PEPP saver’s change of residence to another Member State.
C0260/R0020
Number of requests for opening a sub-account in accordance with Article 20(2) of Regulation (EU) 2019/1238 for Basic PEPP commercialised in the country
Number of requests to open a new sub-account of the Basic PEPP commercialised in the country, received from PEPP savers which informed the PEPP provider about their intention to change the residence to another Member State.
C0270/R0020
Number of sub-accounts opened in accordance with Article 20(2) of Regulation (EU) 2019/1238 for Basic PEPP commercialised in the country
Number of actual sub-accounts opened of the Basic PEPP commercialised in the country related to requests received from PEPP savers which informed the PEPP provider about their intention to change the residence to another Member State.
C0280/R0020
Number of requests from PEPP savers for switching in accordance with Article 20(5)(a) of Regulation (EU) 2019/1238 for Basic PEPP commercialised in the country
Number of requests to switch to another PEPP provider, due to the current PEPP provider not being able to create a sub-account related to PEPP savers of Basic PEPP commercialised in the country changing the residence to another Member State.
C0290/R0020
Actual transfers made in accordance with Article 20(5)(a) of Regulation (EU) 2019/1238 for Basic PEPP commercialised in the country
Amount of actual transfers to another PEPP provider, due to the current PEPP provider not being able to create a sub-account related to PEPP savers of Basic PEPP commercialised in the country changing the residence to another Member State.
C0300/R0020
Number of requests from PEPP savers for switching in accordance with Article 52(3) of Regulation (EU) 2019/1238 for Basic PEPP commercialised in the country
Number of requests to switch to another PEPP provider upon request from PEPP savers of Basic PEPP commercialised in the country provided in accordance with Article 52(3) of Regulation (EU) 2019/1238
C0310/R0020
Actual transfers made in accordance with Article 52(3) of Regulation (EU) 2019/1238 for Basic PEPP commercialised in the country
Amount of actual transfers to another PEPP provider upon request from PEPP savers of Basic PEPP commercialised in the country provided in accordance with Article 52(3) of Regulation (EU) 2019/1238
C0320/R0020
Assets of Basic PEPP commercialised in the country
Total amount of assets related to Basic PEPP commercialised in the country.
C0330/R0020
Obligations of Basic PEPP commercialised in the country
Total amount of technical provisions and other liabilities, where relevant, related to Basic PEPP commercialised in the country.
C0340/R0020
Number of complaints for Basic PEPP commercialised in the country
The total number of complaints received for the Basic PEPP commercialised in the country over the reporting period.
C0150/R0030
Number of PEPP savers in Basic PEPP in run-off
Number of PEPP savers in Basic PEPP in run-off
C0160/R0030
Total gross contributions received for Basic PEPP in run-off
Total amount of contributions over the reporting period paid by PEPP savers of Basic PEPP in run-off.
C0170/R0030
Total gross investment returns for Basic PEPP in run-off
Total amount of gross investment returns allocated to PEPP savers. The value is gross of investment costs of Basic PEPP in run-off.
C0190/R0030
Total benefit payments for Basic PEPP in run-off
Total amount of benefit payments over the reporting period to PEPP savers for the Basic PEPP in run-off. This amount includes all benefits paid out, i.e. including biometric risks and other possible options included in particular product.
C0200/R0030
Benefit payments related to retirement for Basic PEPP in run-off
Amount of benefit payment over the reporting period to PEPP savers of Basic PEPP in run-off. This amount includes only benefits related to retirement.
C0210/R0030
Benefit payments related to retirement paid through annuities for Basic PEPP in run-off
Amount of benefit payments over the reporting period to PEPP savers of Basic PEPP in run-off. This amount includes only benefits related to retirement paid through annuities.
C0220/R0030
Benefit payments related to retirement paid through lump sum for Basic PEPP in run-off
Amount of benefit payments over the reporting period to PEPP savers of Basic PEPP in run-off. This amount includes only benefits related to retirement paid through a lump sum.
C0230/R0030
Benefit payments related to retirement paid through drawdown payments for Basic PEPP in run-off
Amount of benefit payments over the reporting period to PEPP savers of Basic PEPP in run-off. This amount includes only benefits related to retirement paid through drawdown payments.
C0240/R0030
Benefit payments not related to retirement for Basic PEPP in run-off
Amount of benefit payments over the reporting period to PEPP savers of Basic PEPP in run-off. This amount includes only benefits related to non-retirement covers, i.e. biometric risks and other possible options.
C0250/R0030
Number of notifications in accordance with Article 20(1) of Regulation (EU) 2019/1238 received from PEPP savers that have changed their residence to another Member State for Basic PEPP in run-off
Number of notifications received from PEPP savers of Basic PEPP in run-off related to PEPP saver’s change of residence to another Member State.
C0260/R0030
Number of requests for opening a sub-account in accordance with Article 20(2) of Regulation (EU) 2019/1238 for Basic PEPP in run-off
Number of requests to open a new sub-account of the Basic PEPP in run-off, received from PEPP savers which informed the PEPP provider about their intention to change the residence to another Member State.
C0270/R0030
Number of sub-accounts opened in accordance with Article 20(2) of Regulation (EU) 2019/1238 for Basic PEPP in run-off
Number of actual sub-accounts opened of the Basic PEPP in run-off related to requests received from PEPP savers which informed the PEPP provider about their intention to change the residence to another Member State.
C0280/R0030
Number of requests from PEPP savers for switching in accordance with Article 20(5)(a) of Regulation (EU) 2019/1238 for Basic PEPP in run-off
Number of requests to switch to another PEPP provider, due to the current PEPP provider not being able to create a sub-account related to PEPP savers of Basic PEPP in run-off changing the residence to another Member State.
C0290/R0030
Actual transfers made in accordance with Article 20(5)(a) of Regulation (EU) 2019/1238 for Basic PEPP in run-off
Amount of actual transfers to another PEPP provider, due to the current PEPP provider not being able to create a sub-account related to PEPP savers of Basic PEPP in run-off changing the residence to another Member State.
C0300/R0030
Number of requests from PEPP savers for switching in accordance with Article 52(3) of Regulation (EU) 2019/1238 for Basic PEPP in run-off
Number of requests to switch to another PEPP provider upon request from PEPP savers of Basic PEPP in run-off provided in accordance with Article 52(3) of Regulation (EU) 2019/1238
C0310/R0030
Actual transfers made in accordance with Article 52(3) f of Regulation (EU) 2019/1238 or Basic PEPP in run-off
Amount of actual transfers to another PEPP provider upon request from PEPP savers of Basic PEPP in run-off provided in accordance with Article 52(3) of Regulation (EU) 2019/1238
C0320/R0030
Assets of Basic PEPP in run-off
Total amount of assets related to Basic PEPP in run-off.
C0330/R0030
Obligations of Basic PEPP in run-off
Total amount of technical provisions and other liabilities, where relevant, related to Basic PEPP in run-off.
C0340/R0030
Number of complaints for Basic PEPP in run-off
The total number of complaints received for the Basic PEPP in run-off over the reporting period.
C0150/R0050
Number of PEPP savers in alternative investment options commercialised in the country
Number of PEPP savers in alternative investment options commercialised in the country
C0160/R0050
Total gross contributions received for alternative investment options commercialised in the country
Total amount of contributions over the reporting period paid by PEPP savers of alternative investment options commercialised in the country.
C0170/R0050
Total gross investment returns for alternative investment options commercialised in the country
Total amount of gross investment returns allocated to PEPP savers. The value is gross of investment costs of alternative investment options commercialised in the country.
C0190/R0050
Total benefit payments for alternative investment options commercialised in the country
Total amount of benefit payments over the reporting period to PEPP savers for the alternative investment options commercialised in the country. This amount includes all benefits paid out, i.e. including biometric risks and other possible options included in particular product.
C0200/R0050
Benefit payments related to retirement for alternative investment options commercialised in the country
Amount of benefit payment over the reporting period to PEPP savers of alternative investment options commercialised in the country. This amount includes only benefits related to retirement.
C0210/R0050
Benefit payments related to retirement paid through annuities for alternative investment options commercialised in the country
Amount of benefit payments over the reporting period to PEPP savers of alternative investment options commercialised in the country. This amount includes only benefits related to retirement paid through annuities.
C0220/R0050
Benefit payments related to retirement paid through lump sum for alternative investment options commercialised in the country
Amount of benefit payments over the reporting period to PEPP savers of alternative investment options commercialised in the country. This amount includes only benefits related to retirement paid through a lump sum.
C0230/R0050
Benefit payments related to retirement paid through drawdown payments for alternative investment options commercialised in the country
Amount of benefit payments over the reporting period to PEPP savers of alternative investment options commercialised in the country. This amount includes only benefits related to retirement paid through drawdown payments.
C0240/R0050
Benefit payments not related to retirement for alternative investment options commercialised in the country
Amount of benefit payments over the reporting period to PEPP savers of alternative investment options commercialised in the country. This amount includes only benefits related to non-retirement covers, i.e. biometric risks and other possible options.
C0240/R0050
Number of notifications in accordance with Article 20(1) of Regulation (EU) 2019/1238 received from PEPP savers that have changed their residence to another Member State for alternative investment options commercialised in the country
Number of notifications received from PEPP savers of alternative investment options commercialised in the country related to PEPP saver’s change of residence to another Member State.
C0260/R0050
Number of requests for opening a sub-account in accordance with Article 20(2) of Regulation (EU) 2019/1238 for alternative investment options commercialised in the country
Number of requests to open a new sub-account of the alternative investment options commercialised in the country, received from PEPP savers which informed the PEPP provider about their intention to change the residence to another Member State.
C0270/R0050
Number of sub-accounts opened in accordance with Article 20(2) of Regulation (EU) 2019/1238 for alternative investment options commercialised in the country
Number of actual sub-accounts opened of the alternative investment options commercialised in the country related to requests received from PEPP savers which informed the PEPP provider about their intention to change the residence to another Member State.
C0280/R0050
Number of requests from PEPP savers for switching in accordance with Article 20(5)(a) of Regulation (EU) 2019/1238 for alternative investment options commercialised in the country
Number of requests to switch to another PEPP provider, due to the current PEPP provider not being able to create a sub-account related to PEPP savers of alternative investment options commercialised in the country changing the residence to another Member State.
C0290/R0050
Actual transfers made in accordance with Article 20(5)(a) of Regulation (EU) 2019/1238 for alternative investment options commercialised in the country
Amount of actual transfers to another PEPP provider, due to the current PEPP provider not being able to create a sub-account related to PEPP savers of alternative investment options commercialised in the country changing the residence to another Member State.
C0300/R0050
Number of requests from PEPP savers for switching in accordance with Article 52(3) of Regulation (EU) 2019/1238 for alternative investment options commercialised in the country
Number of requests to switch to another PEPP provider upon request from PEPP savers of alternative investment options commercialised in the country provided in accordance with Article 52(3) of Regulation (EU) 2019/1238
C0310/R0050
Actual transfers made in accordance with Article 52(3) of Regulation (EU) 2019/1238 for alternative investment options commercialised in the country
Amount of actual transfers to another PEPP provider upon request from PEPP savers of alternative investment options commercialised in the country provided in accordance with Article 52(3) of Regulation (EU) 2019/1238
C0320/R0050
Assets of alternative investment options commercialised in the country
Total amount of assets related to alternative investment options commercialised in the country.
C0330/R0050
Obligations of alternative investment options commercialised in the country
Total amount of technical provisions and other liabilities, where relevant, related to alternative investment options commercialised in the country.
C0340/R0050
Number of complaints for alternative investment options commercialised in the country
The total number of complaints received for the alternative investment options commercialised in the country over the reporting period.
C0149/R0060
Number of alternative investment options offered for PEPP product in run-off
Number of alternative investment options offered for PEPP product in run-off
C0150/R0060
Number of PEPP savers in alternative investment options in run-off
Number of PEPP savers in alternative investment options in run-off
C0160/R0060
Total gross contributions received for alternative investment options in run-off
Total amount of contributions over the reporting period paid by PEPP savers of alternative investment options in run-off.
C0170/R0060
Total gross investment returns for alternative investment options in run-off
Total amount of gross investment returns allocated to PEPP savers. The value is gross of investment costs of alternative investment options in run-off.
C0190/R0060
Total benefit payments for alternative investment options in run-off
Total amount of benefit payments over the reporting period to PEPP savers for the alternative investment options in run-off. This amount includes all benefits paid out, i.e. including biometric risks and other possible options included in particular product.
C0200/R0060
Benefit payments related to retirement for alternative investment options in run-off
Amount of benefit payment over the reporting period to PEPP savers of alternative investment options in run-off. This amount includes only benefits related to retirement.
C0210/R0060
Benefit payments related to retirement paid through annuities for alternative investment options in run-off
Amount of benefit payments over the reporting period to PEPP savers of alternative investment options in run-off. This amount includes only benefits related to retirement paid through annuities.
C0220/R0060
Benefit payments related to retirement paid through lump sum for alternative investment options in run-off
Amount of benefit payments over the reporting period to PEPP savers of alternative investment options in run-off. This amount includes only benefits related to retirement paid through a lump sum.
C0230/R0060
Benefit payments related to retirement paid through drawdown payments for alternative investment options in run-off
Amount of benefit payments over the reporting period to PEPP savers of alternative investment options in run-off. This amount includes only benefits related to retirement paid through drawdown payments.
C0240/R0060
Benefit payments not related to retirement for alternative investment options in run-off
Amount of benefit payments over the reporting period to PEPP savers of alternative investment options in run-off. This amount includes only benefits related to non-retirement covers, i.e. biometric risks and other possible options.
C0250/R0060
Number of notifications in accordance with Article 20(1) of Regulation (EU) 2019/1238 received from PEPP savers that have changed their residence to another Member State for alternative investment options in run-off
Number of notifications received from PEPP savers of alternative investment options in run-off related to PEPP saver’s change of residence to another Member State.
C0260/R0060
Number of requests for opening a sub-account in accordance with Article 20(2) of Regulation (EU) 2019/1238 for alternative investment options in run-off
Number of requests to open a new sub-account of the alternative investment options in run-off, received from PEPP savers which informed the PEPP provider about their intention to change the residence to another Member State.
C0270/R0060
Number of sub-accounts opened in accordance with Article 20(2) of Regulation (EU) 2019/1238 for alternative investment options in run-off
Number of actual sub-accounts opened of the alternative investment options in run-off related to requests received from PEPP savers which informed the PEPP provider about their intention to change the residence to another Member State.
C0280/R0060
Number of requests from PEPP savers for switching in accordance with Article 20(5)(a) of Regulation (EU) 2019/1238 for alternative investment options in run-off
Number of requests to switch to another PEPP provider, due to the current PEPP provider not being able to create a sub-account related to PEPP savers of alternative investment options in run-off changing the residence to another Member State.
C0290/R0060
Actual transfers made in accordance with Article 20(5) of Regulation (EU) 2019/1238 for alternative investment options in run-off
Amount of actual transfers to another PEPP provider, due to the current PEPP provider not being able to create a sub-account related to PEPP savers of alternative investment options in run-off changing the residence to another Member State.
C0300/R0060
Number of requests from PEPP savers for switching in accordance with Article 52(3) of Regulation (EU) 2019/1238 for alternative investment options in run-off
Number of requests to switch to another PEPP provider upon request from PEPP savers of alternative investment options in run-off provided in accordance with Article 52(3) of Regulation (EU) 2019/1238
C0310/R0060
Actual transfers made in accordance with Article 52(3) of Regulation (EU) 2019/1238 for alternative investment options in run-off
Amount of actual transfers to another PEPP provider upon request from PEPP savers of alternative investment options in run-off provided in accordance with Article 52(3) of Regulation (EU) 2019/1238
C0320/R0060
Assets of alternative investment options in run-off
Total amount of assets related to alternative investment options in run-off.
C0330/R0060
Obligations of alternative investment options in run-off
Total amount of technical provisions and other liabilities, where relevant, related to alternative investment options in run-off.
C0340/R0060
Number of complaints for alternative investment options in run-off
The total number of complaints received for the alternative investment options in run-off over the reporting period.
PP.06.02 – List of assets – General comments:
This section relates to annual submission of information for PEPPs with further division by Basic PEPP and alternative investment options. In case the alternative investment options become, individually or on aggregate, significant in relation to the savings in the Basic PEPP, the information shall be reported at a more granular level or at the level of each investment option.
The asset categories referred to in this template are the ones defined in Annex IV – Definitions of the CIC Table and references to Complementary Identification Code (‘CIC’) refer to Annex III – CIC table.
This template contains an item-by-item list of assets related to the PEPP (i.e. not on a look-through basis), classifiable as asset categories 0 to 9, with the following exceptions:
(a)
cash shall be reported in one row per currency, for each combination of items C0060, C0070, C0080 and C0090;
(b)
transferable deposits (cash equivalents) and other deposits with maturity of less than one year shall be reported in one row per pair of bank and currency, for each combination of items C0060, C0070, C0080, C0090 and C0290;
(c)
deposits to cedants shall be reported in one single line, for each combination of items C0060, C0070, C0080 and C0090.
This template comprises two tables: Information on positions held and Information on assets.
On the table Information on positions held, each asset shall be reported separately in as many lines as needed in order to properly fill in all non-monetary variables with the exception of item ‘Quantity’, requested in that table. If for the same asset two values can be attributed to one variable, then this asset needs to be reported in more than one line.
On the table Information on assets, each asset shall be reported separately, with one row for each asset, filling in all applicable variables requested in that table. The assets shall be earmarked by PEPP investment option (Basic PEPP and alternative investment options), unless all PEPP investment options share in the same pool of assets, where the assets shall be earmarked as ‘PEPP common assets’. In case the alternative investment options become, individually or on aggregate, significant in relation to the savings in the Basic PEPP, the information shall be reported at a more granular level or at the level of each investment option.
All values shall be reported in accordance with the prudential framework under which remit the entity falls. If a PEPP provider is exempted from reporting an External Rating and External Credit Rating Institution[s] (‘ECAI’) in its sectoral legislation the information regarding field (C0250) and field (C0260) may be limited (not reported). Otherwise, this information shall be reported.
Information on positions held
TABLE ORDINATE
ITEM
INSTRUCTIONS
C0011
Asset ID Code and Type of code
This information combines data about Asset ID code (columns
C0010 and C0110 from BoS decision) and Asset ID Code Type (columns C0020 and C0120 from BoS decision) Asset ID code using:
—
ISO 6166 code of ISIN
Only if ISIN code is not available:
—
Other recognised codes (e.g.: CUSIP, Bloomberg Ticker, Reuters RIC)
—
Code attributed, when other recognised codes are not available. This code must be unique and kept consistent over time.
Type of ID Code used for the ‘Asset ID Code’ item:
1
– ISO 6166 for ISIN code
2
– CUSIP (The Committee on Uniform Securities Identification Procedures number assigned by the CUSIP Service Bureau for U.S. and Canadian companies)
3
– SEDOL (Stock Exchange Daily Official List for the London Stock Exchange)
4
– WKN (Wertpapier Kenn-Nummer, the alphanumeric German identification number)
5
– Bloomberg Ticker (Bloomberg letters code that identify a company’s securities)
6
– BBGID (The Bloomberg Global ID)
7
– Reuters RIC (Reuters instrument code)
8
– FIGI (Financial Instrument Global Identifier)
9
– Other code by members of the Association of National Numbering Agencies
99 – Code attributed
When the same Asset ID code needs to be reported for one asset that is issued in two or more different currencies, it is necessary to specify the Asset ID code and the ISO 4217 alphabetic code of the currency, as in the following example:
‘code+EUR’. In this case, Asset ID Code Type shall refer to option 99 and the option of the original Asset ID code, as in the following example for which the code reported was ISIN code+currency: ‘99/1’.
C0010
Basic
PEPP/alternative investment options
Type of PEPP investment option. The differentiation used in this field, is between the basic PEPP and an alternative investment options. Option 3, PEPP assets shall be used in case all PEPP investment options share in the same pool of assets.
The following closed list shall be used:
1
– Basic PEPP
2
– Alternative investment options
3
– PEPP common assets
C0040
Country of custody
ISO 3166-1 alpha-2 code of the country where assets are held in custody. For identifying international custodians, such as Euroclear, the country of custody will be the one corresponding to the legal establishment where the custody service was contractually defined.
In case the same type of asset is held in custody in more than one country, each asset shall be reported separately in as many lines as needed in order to properly identify all countries of custody.
Regarding property, the issuer country is assessed by the address of the property.
C0050
Custodian
LEI code or, if LEI code is not available, name of the financial institution that is the custodian.
In case the same type of asset is held in custody in more than one custodian, each asset shall be reported separately in as many lines as needed in order to properly identify all custodians.
C0060
Quantity
Number of assets, for relevant assets.
This item shall not be reported if item Par amount (C0070) is reported.
C0070
Par amount
Principle amount outstanding measured at par amount, for all assets where this item is relevant, and at nominal amount for cash and cash equivalents.
This item shall not be reported if item Quantity (C0060) is reported.
C0075
Valuation method
Financial instrument is valued by:
1
– marked to market valuation;
2
– market-consistent valuation;
3
– market-consistent valuation not applicable.
C0080
Acquisition value
Total acquisition value for assets held, clean value without accrued interest.
C0090
Accrued interest
Quantify the amount of accrued interest after the last coupon date for interest bearing securities.
C0100
Market Asset Value
Market value of the assets.
Information on assets
TABLE ORDINATE
ITEM
INSTRUCTION
C0011
Asset ID Code and Type of code
This information combines data about Asset ID code (columns
C0010 and C0110 from BoS decision) and Asset ID Code Type (columns C0020 and C0120 from BoS decision) Asset ID code using:
—
ISO 6166 code of ISIN
Only if ISIN code is not available:
—
Other recognised codes (e.g.: CUSIP, Bloomberg Ticker, Reuters RIC)
—
Code attributed, when other recognised codes are not available. This code must be unique and kept consistent over time.
Type of ID Code used for the ‘Asset ID Code’ item:
1
– ISO 6166 for ISIN code
2
– CUSIP (The Committee on Uniform Securities Identification Procedures number assigned by the CUSIP Service Bureau for U.S. and Canadian companies)
3
– SEDOL (Stock Exchange Daily Official List for the London Stock Exchange)
4
– WKN (Wertpapier Kenn-Nummer, the alphanumeric German identification number)
5
– Bloomberg Ticker (Bloomberg letters code that identify a company’s securities)
6
– BBGID (The Bloomberg Global ID)
7
– Reuters RIC (Reuters instrument code)
8
– FIGI (Financial Instrument Global Identifier)
9
– Other code by members of the Association of National Numbering Agencies
99 – Code attributed
When the same Asset ID code needs to be reported for one asset that is issued in two or more different currencies, it is necessary to specify the Asset ID code and the ISO 4217 alphabetic code of the currency, as in the following example: ‘code+EUR’. In this case Asset ID Code Type shall refer to option 99 and the option of the original Asset ID code, as in
the following example for which the code reported was ISIN code+currency: ‘99/1’.
C0130
Item Title
Name of the asset (or the address in case of property).
Issuer Name
Name of the issuer, defined as the entity that issues assets to investors.
When available, this item corresponds to the entity name in the LEI database. When this is not available corresponds to the legal name.
Regarding Investment fund/shares in investment funds, the issuer name is the name of the fund manager.
C0150
Issuer code and Type of issuer code
This information combines data about Issuer Code (column C0150 from BoS decision) and Type of issuer code (column C0160 from BoS decision).
Issuer code is using the LEI. If LEI code is not available this item shall not be reported.
Regarding Investment fund/shares in investment funds, the issuer code is the code of the fund manager.
Identification of the type of code used for the ‘Issuer Code’ item. One of the options in the following closed list shall be used: 1 – LEI
9 – None
This item is not applicable to CIC category 8 – Mortgages and Loans, when relating to mortgage and loans to natural persons. This item is not applicable for CIC 71, CIC 75 and CIC category 9 – Property.
C0170
Issuer Sector
Economic sector of issuer based on the latest version of NACE code (as published in Annex I to Regulation (EC) No 1893/2006 of the European Parliament and of the Council ( 7 ) ). The letter reference of the NACE code identifying the Section shall be used as a minimum for identifying sectors (e.g. ‘A’ or ‘A0111’ would be acceptable) except for the NACE relating to Financial and Insurance activities, for which the letter identifying the Section followed by the 4 digits code for the class shall be used (e.g. ‘K6411’).
Regarding investment funds, the issuer sector is the sector of the fund manager.
C0180
Issuer Group
Name of issuer’s ultimate parent entity. For investment funds the group relation relates to the fund manager.
When available, this item corresponds to the entity name in the LEI database. When this is not available corresponds to the legal name.
C0190
Issuer Group Code and Type of issuer group code
This information combines data about Issuer Group Code (column C0190 from BoS decision) and Type of issuer group code (column C0200 from BoS decision).
Issuer group’s identification using the Legal Entity Identifier (LEI). If LEI code is not available, this item shall not be reported.
Regarding investment funds, the group relation relates to the fund manager.
Code used for the ‘Issuer Group Code’ item:
1 – LEI
9 – None
C0210
Issuer Country
ISO 3166-1 alpha-2 code of the country of localisation of the issuer.
The localisation of the issuer is assessed by the address of the entity issuing the asset.
Regarding investment funds, the group relation relates to the fund manager.
—
ISO 3166-1 alpha-2 code
—
XA: Supranational issuers
—
EU: European Union Institutions
C0220
Currency
ISO 4217 alphabetic code of the currency of the issue.
C0230
CIC
Complementary Identification Code used to classify assets.
C0240
Alternative investment
A financial instrument, as listed in Section C of Annex I of Directive 2014/65/EU, issued by a legal person authorised under Directive 2011/61/EU ( 8 ) to manage alternative investment funds:
1
– Alternative investment
2
– No alternative investment
C0250
External rating
Rating of the asset at the reporting reference date issued by the nominated credit assessment institution (ECAI).
C0270
Duration
Asset duration, defined as the ‘residual modified duration’ (modified duration calculated based on the remaining time for maturity of the security, counted from the reporting reference date).
For assets without fixed maturity the first call date shall be used. The duration shall be calculated based on economic value.
C0280
Maturity date
ISO 8601 (yyyy-mm-dd) code of the maturity date.
For perpetual securities use ‘9999 - 12-31’
C0370
Unit price
Market price per unit.
C0380
Unit percentage of par amount price
Percentage of the aggregated nominal amount.
PP.06.03 – Collective investment undertakings – look-through
approach General comments:
This section relates to annual submission of information for PEPPs with further division by Basic PEPP and alternative investment options. In case the alternative investment options become, individually or on aggregate, significant in relation to the savings in the Basic PEPP, the information shall be reported at a more granular level or at the level of each investment option.
This template contains information on the look through of collective investment undertakings or investments packaged as funds, including when they are participations, by underlying asset category, country of issue and currency. Considering proportionality and specific instructions of the template, the look through shall be performed until the asset categories, countries and currencies are identified. In case of funds of funds, the look-through shall follow the same approach.
The template shall include information corresponding to 100 % of the value invested in collective investment undertakings. However, for the identification of countries the look-through shall be implemented in order to identify the exposures of 80 % of the total value of the funds minus the amounts relating to CIC 8 and CIC 9, and for the identification of currencies the look-through shall be implemented in order to identify the exposures of 80 % of the total value of the funds. PEPP providers shall ensure that the 20 % not identified by country is diversified across geographical areas, for example that not more than 5 % is in one single country. The look-through shall be applied by PEPP providers starting from the major, considering the amount invested, to the lowest single fund and the approach shall be kept consistent over time.
Items shall be reported with positive values unless otherwise stated in the respective instructions.
All values shall be reported in accordance with the prudential framework under which remit the entity falls.
The asset categories referred to in this template are the ones defined in Annex IV – Definitions of the CIC Table and references to CIC codes refer to Annex III – CIC table.
TABLE ORDINATE
ITEM
INSTRUCTIONS
C0010
Collective
investments
undertaking
ID Code
Asset ID code using the following priority:
—
ISO 6166 code of ISIN when available
—
Other recognised codes (e.g.: CUSIP, Bloomberg Ticker, Reuters RIC)
—
Code attributed by the undertaking, when the options above are not available, and must be consistent over time
C0020
Collective
investments
undertaking ID Code type
Type of ID Code used for the ‘Asset ID Code’ item. One of the options in the following closed list shall be used:
1
– ISO/6166 for ISIN
2
– CUSIP (The Committee on Uniform Securities Identification Procedures number assigned by the CUSIP Service Bureau for U.S. and Canadian companies)
3
– SEDOL (Stock Exchange Daily Official List for the London Stock Exchange)
4
– WKN (Wertpapier Kenn-Nummer, the alphanumeric German identification number)
5
– Bloomberg Ticker (Bloomberg letters code that identify a company’s securities)
6
– BBGID (The Bloomberg Global ID)
7
– Reuters RIC (Reuters instrument code)
8
– FIGI (Financial Instrument Global Identifier)
9
– Other code by members of the Association of National Numbering Agencies
99 – Code attributed by the undertaking
C0030
Underlying asset category
Identify the assets categories, receivables and derivatives within the collective investment undertaking. One of the options from the following closed list shall be used:
1
– Government bonds
2
– Corporate bonds
3L
– Listed equity
3X
– Unlisted equity
4
– Collective investment undertakings
5
– Structured notes
6
– Collateralised securities
7
– Cash and deposits
8
– Mortgages and loans
9
– Properties
0
– Other investments (including receivables)
A
– Futures
B
– Call options
C
– Put options
D
– Swaps
E
– Forwards
F
– Credit derivatives
L
– Liabilities
Category ‘4 – Collective investment undertakings’ shall be used only for non-material residual values for both ‘funds of funds’ and any other fund.
C0040
Country of issue
Breakdown of each asset category identified in C0030 by issuer country. Identify the country of localisation of the issuer.
The localisation of the issuer is assessed by the address of the entity issuing the asset.
One of the options shall be used:
—
ISO 3166-1 alpha-2 code
—
XA: Supranational issuers
—
EU: European Union Institutions
—
AA: aggregated countries due to application of threshold
This item is not applicable to Categories 8 and 9 as reported in C0030.
C0050
Currency
Identify whether the currency of the asset category is the reporting currency or a foreign currency. All other currencies than the reporting currency are referred to as foreign currencies. One of the options in the following closed list shall be used:
1
– Reporting currency
2
– Foreign currency
3
– Aggregated currencies due to application of threshold
C0060
Total amount
Total amount invested by asset category, country and currency through collective investment undertakings.
For liabilities a positive amount shall be reported, unless the item is a derivative liability.
For derivatives, the total amount can be positive (if an asset) or negative (if a liability).
PP.08.03. Aggregate information on open derivatives
General comments:
This section relates to annual submission of information for PEPP with further division by Basic PEPP and alternative investment options. In case the alternative investment options become, individually or on aggregate, significant in relation to the savings in the Basic PEPP, the information shall be reported at a more granular level or at the level of each investment option.
The derivatives categories referred to in this template are the ones defined in Annex IV – Definitions of the CIC Table and references to CIC codes refer to Annex III – CIC table.
Derivatives are considered assets if their value is positive or zero. They are considered liabilities if their value is negative. Both derivatives considered as assets or considered as liabilities shall be included.
Information shall include all derivatives contracts that existed during the reporting period and were not closed prior to the reporting reference date.
If there are frequent trades on the same derivative, resulting in multiple open positions, the derivative can be reported on an aggregated or net basis, as long as all the relevant characteristics are common and following the specific instruction for each relevant item.
Items shall be reported with positive values unless otherwise stated in the respective instructions.
A derivative is a financial instrument or other contract having all of the following characteristics:
(a)
its value changes in response to the change in a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, credit rating or credit index, or other variable, provided in the case of a non-financial variable that the variable is not specific to a party to the contract (sometimes called the ‘underlying’);
(b)
it requires no initial net investment or an initial net investment that is smaller than would be required for other types of contracts that would be expected to have a similar response to changes in market factors;
(c)
it is settled at a future date.
All values shall be reported in accordance with the prudential framework under which remit the entity falls.
Information on positions held
TABLE ORDINATE
ITEM
INSTRUCTIONS
C0010/R0010
Interest rate swaps (D1) for notional amount of Basic
PEPP
The amount covered or exposed to the Interest rate swap (D1) for the Basic PEPP.
For swaps, it corresponds to the contract amount of the contracts reported in that line. When the trigger value corresponds to a range, the average value of the range shall be used.
The notional amount refers to the amount that is being hedged/invested (when not covering risks). If several trades occur, it shall be the net amount at the reporting date.
C0020/R0010
Interest rate swaps (D1) for Market value of Basic PEPP
Monetary value of the Interest rate swap (D1) as of the reporting date for the Basic PEPP. It can be positive, negative or zero.
C0030/R0010
Interest rate swaps (D1) for notional amount of alternative investment options
The amount covered or exposed to the Interest rate swap (D1) for any alternative investment option.
For swaps, it corresponds to the contract amount of the contracts reported in that line. When the trigger value corresponds to a range, the average value of the range shall be used.
The notional amount refers to the amount that is being hedged/invested (when not covering risks). If several trades occur, it shall be the net amount at the reporting date.
C0040/R0010
Interest rate swaps (D1) for market value of alternative investment options
Monetary value of the Interest rate swap (D1) as of the reporting date for the alternative investment option. It can be positive, negative or zero.
C0050/R0010
Interest rate swaps (D1) for notional amount of PEPP common assets
The amount covered or exposed to the Interest rate swap (D1) for all PEPP investment options that share the same pool of assets.
For swaps, it corresponds to the contract amount of the contracts reported in that line. When the trigger value corresponds to a range, the average value of the range shall be used.
The notional amount refers to the amount that is being hedged/invested (when not covering risks). If several trades occur, it shall be the net amount at the reporting date.
C0060/R0010
Interest rate swaps (D1) for market value of PEPP common assets
Monetary value of the Interest rate swap (D1) as of the reporting date for all PEPP investment options that share the same pool of assets. It can be positive, negative or zero.
C0010/R0020
Forward exchange rate agreement (F2) for notional amount of Basic PEPP
The amount covered or exposed to the Forward exchange rate agreement (F2) for the Basic PEPP.
For forwards, it corresponds to the contract amount of the contracts reported in that line. When the trigger value corresponds to a range, the average value of the range shall be used.
The notional amount refers to the amount that is being hedged/invested (when not covering risks). If several trades occur, it shall be the net amount at the reporting date.
C0020/R0020
Forward exchange rate agreement (F2) for Market
value of Basic
PEPP
Monetary value of the Forward exchange rate agreement (F2) as of the reporting date for the Basic PEPP. It can be positive, negative or zero.
C0030/R0020
Forward exchange rate agreement (F2) for notional amount of alternative investment options
The amount covered or exposed to the Forward exchange rate agreement (F2) for any alternative investment option.
For forwards, it corresponds to the contract amount of the contracts reported in that line. When the trigger value corresponds to a range, the average value of the range shall be used.
The notional amount refers to the amount that is being hedged/invested (when not covering risks). If several trades occur, it shall be the net amount at the reporting date.
C0040/R0020
Forward exchange rate agreement (F2) for market value of alternative investment options
Monetary value of the Forward exchange rate agreement (F2) as of the reporting date for the alternative investment option. It can be positive, negative or zero.
C0050/R0020
Forward exchange rate agreement (F2) for notional amount of PEPP common assets
The amount covered or exposed to the Forward exchange rate agreement (F2) for all PEPP investment options that share the same pool of assets.
For forwards, it corresponds to the contract amount of the contracts reported in that line. When the trigger value corresponds to a range, the average value of the range shall be used.
The notional amount refers to the amount that is being hedged/invested (when not covering risks). If several trades occur, it shall be the net amount at the reporting date.
C0060/R0020
Forward exchange rate agreement (F2) for market value of PEPP common assets
Monetary value of the Forward exchange rate agreement (F2) as of the reporting date for all PEPP investment options that share the same pool of assets. It can be positive, negative or zero.
C0010/R0030
Other derivatives for notional amount of Basic PEPP
The amount covered or exposed to derivatives other than Interest rate swaps (D1) Forward exchange rate agreements (F2) and for the Basic PEPP.
For futures and options corresponds to contract size multiplied by the trigger value and by the number of contracts reported in that line. For swaps and forwards, it corresponds to the contract amount of the contracts reported in that line. When the trigger value corresponds to a range, the average value of the range shall be used.
The notional amount refers to the amount that is being hedged/invested (when not covering risks). If several trades occur, it shall be the net amount at the reporting date.
C0020/R0030
Other derivatives for Market value of Basic PEPP
Monetary value of the derivatives other than Interest rate swaps (D1) Forward exchange rate agreements (F2) as of the reporting date for the Basic PEPP. It can be positive, negative or zero.
C0030/R0030
Other derivatives for notional amount of alternative investment options
The amount covered or exposed to the derivatives other than Interest rate swaps (D1) Forward exchange rate agreements (F2) for the alternative investment options.
For futures and options corresponds to contract size multiplied by the trigger value and by the number of contracts reported in that line. For swaps and forwards, it corresponds to the contract amount of the contracts reported in that line. When the trigger value corresponds to a range, the average value of the range shall be used.
The notional amount refers to the amount that is being hedged/invested (when not covering risks). If several trades occur, it shall be the net amount at the reporting date.
C0040/R0030
Other derivatives for market value of alternative investment options
Monetary value of the derivatives other than Interest rate swaps (D1) Forward exchange rate agreements (F2) as of the reporting date for alternative investment options. It can be positive, negative or zero.
C0050/R0030
Other derivates for notional amount of PEPP common assets
The amount covered or exposed to derivatives other than Interest rate swaps (D1) and Forward exchange rate agreements (F2) all PEPP investment options that share the same pool of assets.
For futures and options corresponds to contract size multiplied by the trigger value and by the number of contracts reported in that line. For swaps and forwards, it corresponds to the contract amount of the contracts reported in that line. When the trigger value corresponds to a range, the average value of the range shall be used.
The notional amount refers to the amount that is being hedged/invested (when not covering risks). If several trades occur, it shall be the net amount at the reporting date.
C0060/R0030
Other derivatives for market value of PEPP common assets
Monetary value of the derivatives other than Interest rate swaps (D1) Forward exchange rate agreements (F2) as of the reporting date for all PEPP investment options that share the same pool of assets. It can be positive, negative or zero.
( 1 ) Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC ( OJ L 176, 27.6.2013, p. 338 ).
( 2 ) Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) ( OJ L 335, 17.12.2009, p. 1 ).
( 3 ) Directive (EU) 2016/2341 of the European Parliament and of the Council of 14 December 2016 on the activities and supervision of institutions for occupational retirement provision (IORPs) ( OJ L 354, 23.12.2016, p. 37 ).
( 4 ) Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU ( OJ L 173, 12.6.2014, p. 349 ).
( 5 ) Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) ( OJ L 302, 17.11.2009, p. 32 ).
( 6 ) Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010 ( OJ L 174, 1.7.2011, p. 1 ).
( 7 ) Regulation (EC) No 1893/2006 of the European Parliament and of the Council of 20 December 2006 establishing the statistical classification of economic activities NACE Revision 2 and amending Council Regulation (EEC) No 3037/90 as well as certain EC Regulations on specific statistical domains ( OJ L 393, 30.12.2006, p. 1 ).
( 8 ) Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010 (
OJ L 174, 1.7.2011, p. 1
).
CIC table
ANNEX IIISupplementary provisions
ANNEX III
CIC table
First 2 positions
Asset listed in
ISO 3166-1-alpha-2 country code or XL (for not listed) or XT (for not exchange tradable)
Third position
Category
1
2
3
4
5
6
7
8
9
0
A
B
C
D
E
F
Government bonds
Corporate bonds
Equity
Investment funds Collective investment undertakings
Structured notes
Collateralised securities
Cash and deposits
Mortgages and loans
Property
Other investments
Futures
Call Options
Put Options
Swaps
Forwards
Credit derivatives
Fourth position
Sub-category or main risk
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Central Government bonds
Corporate bonds
Common equity
Equity funds
Equity risk
Equity risk
Cash
Uncollateralised loans made
Property (office and commercial)
Equity and index futures
Equity and index options
Equity and index options
Interest rate swaps
Forward interest rate agreement
Credit default swap
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
Supra-national bonds
Convertible bonds
Equity of real estate related corporation
Debt funds
Interest rate risk
Interest rate risk
Transferable deposits (cash equivalents)
Loans made collateralised with securities
Property (residential)
Interest rate futures
Bond options
Bond options
Currency swaps
Forward exchange rate agreement
Credit spread option
3
3
3
3
3
3
3
3
3
3
3
3
3
Regional government bonds
Commercial paper
Equity rights
Money market funds
Currency risk
Currency risk
Other deposits short term (less than or equal to one year)
Property (for own use)
Currency futures
Currency options
Currency options
Interest rate and currency swaps
Credit spread swap
4
4
4
4
4
4
4
4
4
4
4
4
Municipal government bonds
Money market instruments
Preferred equity
Asset allocation funds
Credit risk
Credit risk
Other deposits with term longer than one year
Mortgages
Property (under construction)
Warrants
Warrants
Total return swap
5
5
5
5
5
5
5
5
5
5
5
5
Treasury bonds
Hybrid bonds
Real estate funds
Real estate risk
Real estate risk
Deposits to cedants
Other collateralised loans made
Plant and equipment (for own use)
Commodity futures
Commodity options
Commodity options
Security swaps
6
6
6
6
6
6
6
6
Covered bond
Common covered bonds
Alternative funds
Commodity risk
Commodity risk
Loans on policies
Swaptions
Swaptions
7
7
7
7
7
7
7
7
7
7
National Central Banks
Covered bonds subject to specific law
Private equity funds
Catastrophe and Weather risk
Catastrophe and Weather risk
Catastrophe and Weather risk
Catastrophe and Weather risk
Catastrophe and Weather risk
Catastrophe and Weather risk
Catastrophe and Weather risk
8
8
8
8
8
8
8
8
8
Subordinated bonds
Infrastructure funds
Mortality risk
Mortality risk
Mortality risk
Mortality risk
Mortality risk
Mortality risk
Mortality risk
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Other
Definitions of the CIC table
ANNEX IVSupplementary provisions
ANNEX IV
Definitions of the CIC table
First two positions – Assets listed in
Definition
Country
ISO 3166-1-alpha-2 country code
Identify the ISO 3166-1-alpha-2 country code where the asset is listed in. An asset is considered as being listed if it is negotiated on a regulated market or on a multilateral trading facility, as defined in Directive 2014/65/EU of the European Parliament and of the Council ( 1 ) . If the asset is listed in more than one country or the undertaking uses for valuation purposes a price provider which is one of the regulated markets or multilateral trading facility where the asset is listed in, the country shall be the one of that regulated market or multilateral trading facility used as the reference for valuation purposes.
XV
Assets listed in one or more than one country
Identify assets that are listed in one or more countries but when the undertaking uses for valuation purposes a price provider which is not one of the regulated markets or multilateral trading facility where the asset is listed in.
XL
Assets that are not listed in a stock exchange
Identify assets that are not negotiated on a regulated market or on a multilateral trading facility, as defined in Directive 2014/65/EU.
XT
Assets that are not exchange tradable
Identify assets that by their nature are not subject to negotiation on a regulated market or on a multilateral trading facility, as defined in Directive 2014/65/EU.
Third and fourth position – Category
Definition
1
Government bonds
Bonds issued by public authorities, whether by central governments supra-national government institutions, regional governments or local authorities, and bonds that are fully, unconditionally and irrevocably guaranteed by the
European Central Bank, Member States’ central government and central banks, denominated and funded in the domestic currency of that central government and the central bank, multilateral development banks referred to in Article 117(2) of Regulation (EU) No 575/2013
( 2 )
or international organisations referred to in Article 118 of Regulation (EU) No 575/2013, where the guarantee meets the requirements set out in Article 215 of Commission Delegated Regulation (EU) 2015/35
( 3 ) .
Regarding bonds with a qualifying guarantee, the third and fourth position shall be attributed by reference to the entity providing the guarantee.
11
Central Government bonds
Bonds issued by central governments.
12
Supra-national bonds
Bonds issued by public institutions established by a commitment between national states, e.g. issued by a multilateral development bank referred to in Article 117(2) of Regulation (EU) No 575/2013 or issued by an international organisation referred to in Article 118 of Regulation (EU) No 575/2013.
13
Regional government bonds
Regional government or autonomous community debt instruments offered to the public in a public offering on the capital market.
14
Local authorities bonds
Bonds issued by local authorities, including cities, provinces, districts and other municipal authorities
15
Treasury bonds
Short term government bonds, issued by central governments (issued with a maturity term up to 1 year).
16
Covered bonds
Government bonds which have a pool of assets that secures or ‘covers’ the bond. Those assets remain on the issuer balance sheet.
17
National Central banks
Bonds issued by national central banks.
19
Other
Other government bonds, not classified under the above categories.
2
Corporate bonds
Bonds issued by corporations
21
Corporate bonds
Bonds issued by corporations, with simple characteristics, usually covering the ones referred to as ‘plain vanilla’, and that do not have any special feature described in the categories 22 to 28.
22
Convertible bonds
Corporate bonds that the holder can convert into shares of common stock in the issuing company or cash of equal value, having debt and equity-like features.
23
Commercial paper
Unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories and meeting short-term liabilities, usually with original maturity lesser than 270 days.
24
Money market instruments
Very short term debt securities (usually with maturities ranging from 1 day up to 1 year), consisting mainly of negotiable certificates of deposit (CDs), bankers acceptances and other highly liquid instruments. Commercial paper is excluded from this category.
25
Hybrid bonds
Corporate bonds that have debt and equity-like features, but are not convertible.
26
Common covered bonds
Corporate bonds which have a pool of assets that secures or ‘covers’ the bond. Those assets remain on the issuer balance sheet. Covered bonds subject to specific law are excluded from this category.
27
Covered bonds subject to specific law
Corporate bonds which have a pool of assets that secures or ‘covers’ the bond if the originator becomes insolvent and are subject by law to special public supervision designed to protect bond-holders, as defined in point (1) of Article 3 of Directive (EU) 2019/2162 of the European Parliament and of the Council ( 4 ) .
An example of this category is Pfandbrief: ‘Covered bonds which are issued on the basis of the Pfandbrief Act. They are used to refinance loans for which collateral is furnished in the form of loans secured by real estate liens (Mortgage Pfandbriefe), public-sector loans (Public Pfandbriefe), ship mortgages (Ship Pfandbriefe) or aircraft mortgages (Aircraft Pfandbriefe). Thus, the distinction made between these Pfandbrief types refers to the cover pool created for each type of Pfandbrief.’
28
Subordinated bonds
Corporate bonds which have a lower priority than other bonds of the issuer in case of liquidation.
29
Other
Other corporate bonds, with other characteristics than the ones identified in the above categories.
3
Equity
Shares and other securities equivalent to shares representing corporations’ capital, i.e., representing ownership in a corporation.
31
Common equity
Equity that represents basic property rights on corporations.
32
Equity of real estate related corporation
Equity representing capital from real estate related corporations.
33
Equity rights
Rights to subscribe to additional shares of equity at a set price.
34
Preferred equity
Equity security that is senior to common equity, having a higher claim on the assets and earnings than common equity, but is subordinate to bonds.
39
Other
Other equity, not classified under the above categories.
4
Collective investment undertakings
Collective investment undertaking’ means an undertaking for collective investment in transferable securities (UCITS) as defined in Article 1(2) of Directive 2009/65/EC or an alternative investment fund (AIF) as defined in Article 4(1)(a) of Directive 2011/61/EU.
41
Equity funds
Collective investment undertakings mainly invested in equity.
42
Debt funds
Collective investment undertakings mainly invested in bonds.
43
Money market funds
Collective investment undertakings under the definition provided by ESMA (CESR/10-049).
44
Asset allocation funds
Collective investment undertakings which invests its assets pursuing a specific asset allocation objective, e.g. primarily investing in the securities of companies in countries with nascent stock markets or small economies, specific sectors or group of sectors, specific countries or other specific investment objective.
45
Real estate funds
Collective investment undertakings mainly invested in real estate.
46
Alternative funds
Collective investment undertakings whose investment strategies include such as hedging, event driven, fixed income directional and relative value, managed futures, commodities etc.
47
Private equity funds
Collective investment undertakings used for making investments in equity securities following strategies associated with private equity.
48
Infrastructure funds
Collective investment undertakings that invest in utilities such as toll roads, bridges, tunnels, ports and airports, oil and gas distribution, electricity distribution and social infrastructure such as healthcare and educational facilities.
49
Other
Other collective investment undertakings, not classified under the above categories
5
Structured notes
Hybrid securities, combining a fixed income (return in the form of fixed payments) instrument with a series of derivative components. Excluded from this category are fixed income securities that are issued by sovereign governments. Concerns securities that have embedded one or a combination of categories of derivatives, including Credit Default Swaps (CDS), Constant Maturity Swaps (CMS), Credit Default Options (CDOp). Assets under this category are not subject to unbundling.
51
Equity risk
Structured notes mainly exposed to equity risk.
52
Interest rate risk
Structured notes mainly exposed to interest rate risk.
53
Currency risk
Structured notes mainly exposed to currency risk.
54
Credit risk
Structured notes mainly exposed to credit risk.
55
Real estate risk
Structured notes mainly exposed to real estate risk.
56
Commodity risk
Structured notes mainly exposed to commodity risk.
57
Catastrophe and Weather risk
Structured notes mainly exposed to catastrophe or weather risk.
58
Mortality risk
Structured notes mainly exposed to mortality risk.
59
Other
Other structured notes, not classified under the above categories.
6
Collateralised securities
Securities whose value and payments are derived from a portfolio of underlying assets. Includes Asset Backed Securities (ABS), Mortgage Backed securities (MBS), Commercial Mortgage Backed securities (CMBS),
Collateralised Debt Obligations (CDO), Collateralised Loan Obligations (CLO), Collateralised Mortgage Obligations (CMO). Assets under this category are not subject to unbundling.
61
Equity risk
Collateralised securities mainly exposed to equity risk.
62
Interest rate risk
Collateralised securities mainly exposed to interest rate risk.
63
Currency risk
Collateralised securities mainly exposed to currency risk.
64
Credit risk
Collateralised securities mainly exposed to credit risk.
65
Real estate risk
Collateralised securities mainly exposed to real estate risk.
66
Commodity risk
Collateralised securities mainly exposed to commodity risk.
67
Catastrophe and Weather risk
Collateralised securities mainly exposed to catastrophe or weather risk.
68
Mortality risk
Collateralised securities mainly exposed to mortality risk.
69
Other
Other collateralised securities, not classified under the above categories.
7
Cash and deposits
Money in the physical form, cash equivalent, bank deposits and other money deposits.
71
Cash
Notes and coins in circulation that are commonly used to make payments.
72
Transferable deposits (cash equivalents)
Deposits exchangeable for currency on demand at par and which are directly usable for making payments by cheque, draft, giro order, direct debit/credit, or other direct payment facility, without penalty or restriction.
73
Other deposits short term (less than or equal to one year)
Deposits other than transferable deposits, with remaining maturity inferior or equal to 1 year that cannot be used to make payments at any time and that are not exchangeable for currency or transferable deposits without any kind of significant restriction or penalty.
74
Other deposits with term longer than one year
Deposits other than transferable deposits, with remaining maturity superior to 1 year that cannot be used to make payments at any time and that are not exchangeable for currency or transferable deposits without any kind of significant restriction or penalty.
75
Deposits to cedants
Deposits relating to reinsurance accepted.
79
Other
Other cash and deposits, not classified under the above categories
8
Mortgages and loans
Financial assets created when creditors lend funds to debtors, with collateral or not, including cash pools.
81
Uncollateralised loans made
Loans made without collateral.
82
Loans made collateralised with securities
Loans made with collateral in the form of financial securities.
84
Mortgages
Loans made with collateral in the form of real estate.
85
Other collateralised loans made
Loans made with collateral in any other form.
86
Loans on policies
Loans made with insurance policies as collateral.
89
Other
Other mortgages and loans, not classified under the above categories.
9
Property
Buildings, land, other constructions that are immovable and equipment.
91
Property (office and commercial)
Office and commercial building used for investment.
92
Property (residential)
Residential buildings used for investment.
93
Property (for own use)
Real estate for the own use of the undertaking.
94
Property (under construction for investment)
Real estate that is under construction, for future usage as investment.
95
Plant and equipment (for own use)
Plant and equipment for the own use of the undertaking.
96
Property (under construction for own use)
Real estate that is under construction, for future own usage.
99
Other
Other real estate, not classified under the above categories.
0
Other investments
Other assets reported in ‘Other investments’.
A
Futures
Standardised contract between two parties to buy or sell a specified asset of standardised quantity and quality at a specified future date at a price agreed today.
A1
Equity and index futures
Futures with equity or stock exchange indices as underlying.
A2
Interest rate futures
Futures with bonds or other interest rate dependent security as underlying.
A3
Currency futures
Futures with currencies or other currencies dependent security as underlying.
A5
Commodity futures
Futures with commodities or other commodities dependent security as underlying.
A7
Catastrophe and Weather risk
Futures mainly exposed to catastrophe or weather risk.
A8
Mortality risk
Futures mainly exposed to mortality risk.
A9
Other
Other futures, not classified under the above categories.
B
Call Options
Contract between two parties concerning the buying of an asset at a reference price during a specified time frame, where the buyer of the call option gains the right, but not the obligation, to buy the underlying asset.
B1
Equity and index options
Call options with equity or stock exchange indices as underlying.
B2
Bond options
Call options with bonds or other interest rate dependent security as underlying.
B3
Currency options
Call options with currencies or other currencies dependent security as underlying.
B4
Warrants
Call options that entitles the holder to buy stock of the issuing company at a specified price.
B5
Commodity options
Call options with commodities or other commodities dependent security as underlying.
B6
Swaptions
Call options granting its owner the right but not the obligation to enter into a long position in an underlying swap, i.e., enter into a swap where the owner pays the fixed leg and receive the floating leg.
B7
Catastrophe and Weather risk
Call options mainly exposed to catastrophe or weather risk.
B8
Mortality risk
Call options mainly exposed to mortality risk.
B9
Other
Other call options, not classified under the above categories.
C
Put Options
Contract between two parties concerning the selling of an asset at a reference price during a specified time frame, where the buyer of the put option gains the right, but not the obligation, to sell the underlying asset.
C1
Equity and index options
Put options with equity or stock exchange indices as underlying.
C2
Bond options
Put options with bonds or other interest rate dependent security as underlying.
C3
Currency options
Put options with currencies or other currencies dependent security as underlying.
C4
Warrants
Put options that entitles the holder to sell stock of the issuing company at a specified price.
C5
Commodity options
Put options with commodities or other commodities dependent security as underlying.
C6
Swaptions
Put options granting its owner the right but not the obligation to enter into a short position in an underlying swap, i.e., enter into a swap in which the owner will receive the fixed leg, and pay the floating leg.
C7
Catastrophe and Weather risk
Put options mainly exposed to catastrophe or weather risk.
C8
Mortality risk
Put options mainly exposed to mortality risk.
C9
Other
Other put options, not classified under the above categories.
D
Swaps
Contract in which counterparties exchange certain benefits of one party’s financial instrument for those of the other party’s financial instrument, and the benefits in question depend on the type of financial instruments involved.
D1
Interest rate swaps
Swap that exchange interest flows.
D2
Currency swaps
Swap that exchange currency.
D3
Interest rate and currency swaps
Swap that exchange interest and currency flows.
D4
Total return swap
A swap in which the non-floating rate side is based on the total return of an equity or fixed income instrument with the life longer that the swap.
D5
Security swaps
Swap that exchange securities.
D7
Catastrophe and Weather risk
Swaps mainly exposed to catastrophe or weather risk.
D8
Mortality risk
Swaps mainly exposed to mortality risk.
D9
Other
Other swaps, not classified under the above categories.
E
Forwards
Non-standardised contract between two parties to buy or sell an asset at a specified future time at a price agreed today.
E1
Forward interest rate agreement
Forward contract in which typically one party pays a fixed interest rate, and receives a variable interest rate usually based on an underlying index rate, at the predefined forward date.
E2
Forward exchange rate agreement
Forward contract in which one party pays an amount in one currency, and receives an equivalent amount in a different currency resulting from the conversion using the contractual exchange rate, at the predefined forward date.
E7
Catastrophe and Weather risk
Forwards mainly exposed to catastrophe or weather risk.
E8
Mortality risk
Forwards mainly exposed to mortality risk.
E9
Other
Other forwards, not classified under the above categories.
F
Credit derivatives
Derivative whose value is derived from the credit risk on an underlying bond, loan or any other financial asset.
F1
Credit default swap
Credit derivative transaction in which two parties enter into an agreement whereby one party pays the other a fixed periodic coupon for the specified life on the agreement and the other party makes no payments unless a credit event relating to a predetermined reference asset occurs.
F2
Credit spread option
Credit derivative that will generate cash flows if a given credit spread between two specific assets or benchmarks changes from its current level.
F3
Credit spread swap
A swap in which one party makes a fixed payment to the other on the swap’s settlement date and the second party pays the first an amount based on the actual credit spread.
F4
Total return swap
A swap in which the non-floating rate side is based on the total return of an equity or fixed income instrument with the life longer that the swap.
F9
Other
Other credit derivatives, not classified under the above categories.
( 1 ) Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (recast) ( OJ L 173, 12.6.2014, p. 349 ).
( 2 ) Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 ( OJ L 176, 27.6.2013, p. 1 ).
( 3 ) Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) ( OJ L 12, 17.1.2015, p. 1 ).
( 4 ) Directive (EU) 2019/2162 of the European Parliament and of the Council of 27 November 2019 on the issue of covered bonds and covered bond public supervision and amending Directives 2009/65/EC and 2014/59/EU ( OJ L 328, 18.12.2019, p. 29 ).
Template for registration
ANNEX VSupplementary provisions
ANNEX V
Template for registration
1.
Date of the completion of the registration template
2.
Member State
3.
The name of the competent authority;
4.
Single contact point (name/telephone/email);
5.
Type of application (first application/change to previous application/closure of activities)
6.
PEPP registration number (if not first application)
7.
The date when a decision was taken;
8.
The name, address and, where applicable, the authorisation number of the PEPP provider in the home Member State;
9.
Where available, the legal entity identifier of the PEPP provider;
10.
The type of PEPP provider to be selected from a drop-down menu in accordance with the list in Article 6(1) of Regulation (EU) 2019/1238);
11.
The Member States where the PEPP provider intends to market the PEPP (and nature: FOS/FOE);
12.
The Member States for which the PEPP provider has opened or plans to open a sub-account;
13.
The standard contract terms, as referred to in Article 4 of Regulation (EU) 2019/1238:
—
a description of the Basic PEPP, including any guarantees offered on the investment performance, a given level of benefits etc. and the risk-mitigating technique
—
a description of the alternative investment options, where applicable, including any guarantees offered on the investment performance, a given level of benefits etc. and the risk-mitigating technique
14.
Describe the conditions related to the modification of the investment option;
15.
Biometric risk coverage, where relevant:
—
Describe the details of the biometric risk coverage
—
Describe the triggers of the biometric risk coverage
16.
PEPP retirement benefits;
—
Describe the types of benefits offered;
—
Describe the possible forms of pay-outs;
—
Where applicable, describe the additional coverage offered (e.g. long-term care, additional biometric risks etc.) and who provides the additional coverage;
—
Describe the right to change the form of pay-out;
17.
Describe the conditions related to the portability service;
18.
Describe the conditions related to the switching service;
19.
Describe the categories of costs and total aggregate costs expressed in percentage terms and in monetary terms, where applicable;
20.
Describe the conditions related to the accumulation phase for the respective sub-account(s);
21.
Describe the conditions related to the decumulation phase for the respective sub-account(s);
22.
Where applicable, describe the conditions under which advantages or incentives granted are to be repaid to the Member State of residence of the PEPP saver;
23.
Every PEPP KID related to this PEPP, as an attachment in machine-readable format.
Template for notification of registration
ANNEX VISupplementary provisions
ANNEX VI
Template for notification of registration
1.
Date of the completion of the registration;
2.
Designated contact point of EIOPA (name/telephone/email);
3.
PEPP registration number;
Template for deregistration
ANNEX VIISupplementary provisions
ANNEX VII
Template for deregistration
1.
Date of the completion of the deregistration template;
2.
Member State;
3.
The name of the Competent Authority;
4.
Designated contact point (name/telephone/email);
5.
PEPP registration number;
6.
The date when a decision was taken;
7.
Reason for deregistration.
Template for notification of deregistration
ANNEX VIIISupplementary provisions
ANNEX VIII
Template for notification of deregistration
1 Date of the completion of the deregistration notification; 2 PEPP registration number.
Template for opening a sub-account
ANNEX IXSupplementary provisions
ANNEX IX
Template for opening a sub-account
Date;
From:
Member State;
Requesting competent authority;
Designated contact point (telephone/email);
To:
Member State;
Competent authority;
Designated contact point (name/telephone/email);
Type of application (first application/change to previous application)
The date of receipt of complete and accurate request to open a new sub-account in accordance with Article 21(2) of Regulation (EU) 2019/1238;
The planned start date of the activities;
The name, address and, where applicable, the authorisation number of the PEPP provider in the home Member State;
Where available, the legal entity identifier of the PEPP provider;
The type of PEPP provider;
The PEPP registration number;
The generic benefit statement;
The PEPP KID for the sub-account.
Description of the contractual arrangements referred to in Article 19(2) of Regulation (EU) 2019/1238, where applicable;
Description of compliance of the PEPP provider with the requirements referred to in Article 6(1) of Regulation (EU) 2019/1238, where applicable.
Template for request for information/cooperation
ANNEX XISupplementary provisions
ANNEX XI
Template for request for information/cooperation
Reference number;
Date;
From:
Member State;
Requesting competent authority;
Designated contact point (telephone/email);
To:
Member State;
Competent authority;
Designated contact point (name/telephone/email);
Reasons for the request;
The actual request;
References;
Registration number of the PEPP;
Exchange of information, where applicable;
Confidentiality;
Additional information;
Urgency.
Template for reply to request for information/cooperation
ANNEX XIISupplementary provisions
ANNEX XII
Template for reply to request for information/cooperation
Reference number of the request;
Date;
Date of receipt of the request for information/cooperation;
From:
Member State;
Requesting competent authority;
Designated contact point (telephone/email);
To:
Member State;
Competent authority;
Designated contact point (name/telephone/email);
Registration number of the PEPP;
Reply to the request;
Reasons for not making the deadline for the request and estimated deadline;
Confidentiality;
Additional information.
Template for notification of infringement
ANNEX XIIISupplementary provisions
ANNEX XIII
Template for notification of infringement
Reference number of the notification;
Date;
From:
Member State;
Requesting competent authority;
Designated contact point (telephone/email);
To:
Member State;
Competent authority;
Designated contact point (name/telephone/email);
Subject matter:
Notification to a competent authority pursuant to Article 8(1)(b) of Regulation (EU) 2019/1238;
Notification to EIOPA pursuant to Article 8(1)(b) of Regulation (EU) 2019/1238;
Notification to a competent authority pursuant to Article 8(1)(c) of Regulation (EU) 2019/1238;
Notification to EIOPA pursuant to Article 8(1)(c) of Regulation (EU) 2019/1238;
Notification to a competent authority pursuant to Article 8(1)(d) of Regulation (EU) 2019/1238;
Notification to EIOPA pursuant to Article 8(1)(d) of Regulation (EU) 2019/1238;
Notification to a competent authority pursuant to Article 16 of Regulation (EU) 2019/1238;
Notification to EIOPA pursuant to Article 16 of Regulation (EU) 2019/1238;
Notification to a competent authority pursuant to Article 63 of Regulation (EU) 2019/1238;
Notification to EIOPA pursuant to Article 63 of Regulation (EU) 2019/1238;
Notification to a competent authority pursuant to Article 65 of Regulation (EU) 2019/1238;
Notification to a competent authority pursuant to Article 67 of Regulation (EU) 2019/1238;
Notification to EIOPA pursuant to Article 67 of Regulation (EU) 2019/1238;
Product number of the PEPP;
Country(ies) where the infringement took place;
Type of infringement:
Nature;
Materiality;
Duration;
Suggested actions:
Type of action;
Planned implementation/effect of action;
Country(ies) where the actions will have effect;
Evidence to justify the decision;
Urgency;
References;
Intended publication.
Template for information regarding national provisions
ANNEX XIVSupplementary provisions
ANNEX XIV
Template for information regarding national provisions
Date of the completion of the template for information regarding national provisions;
Member State;
The name of the competent authority;
Designated contact point (name/telephone/email);
Type of application (first application/change to previous application);
Link to the information relevant for the competent authority.
Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.
