Question ID
2022_6365
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - COREP (incl. IP Losses)
Article
430
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) 2021/451 – ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
n.a.
Type of submitter
Credit institution
Subject matter
v5017_a
Question

Should the validation rule v5017_a be deactivated?

Background on the question

The validation rule v5017_a checks whether the length of the code used in column 0080 of C17.02 corresponds to a length of 20 characters. This is the length of a LEI code.

According to the Annex II (INSTRUCTIONS FOR REPORTING ON OWN FUNDS AND OWN FUNDS REQUIREMENTS), chapter 4.2.3.2, the description of field CODE column 0180 of C 17.02 references to C 06.02 column 0021. Also according to the Annex II chapter 2.5, the field CODE column 0021 C 06.02 can be specified with a LEI code or a national code. The validation rule for C 17.02 refers only to a LEI code of the legal entity in case of C 17.02. In some cases a LEI code is not available and according to column 0021 C 06.02 the possibility of applying a national code is being used. National codes may have a different character length compared to an LEI code.

 

Submission date
Rejected publishing date
Rationale for rejection

 

This question has been rejected because the issue it deals with is already explained or addressed in Regulation (EU) 2021/451 - ITS on supervisory reporting of institutions. For further information on the purpose of this tool and on how to submit questions, please see 'Additional background and guidance for asking questions'

Status
Rejected question