Question ID
2021_6307
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - Leverage ratio
Article
Annexes X & XI, COREP C42.00 (LR3)
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) 2021/451 – ITS on supervisory reporting of institutions
Article/Paragraph
Annexes X & XI, COREP C42.00 (LR3)
Type of submitter
Credit institution
Subject matter
Warning in COREP C42.00 (LR3) template validation regarding column 010, row 010 and row 020
Question

Does COREP C42.00 template expect “Common Equity Tier 1 capital – fully phased-in definition” in row 010 column 010 should match with “Common Equity Tier 1 capital – transitional definition” row 020 column 010?

Background on the question

We submit COREP reports to Prudential Regulation Authority (PRA) on Financial Conduct Authority (FCA)’s Regdata portal. The portal has inbuilt validation checks based on applicable COREP Taxonomy provided by EBA.

While submitting the COREP C42.00 template, we received validation warnings on Regdata Portal which don’t specify a validation rule reference. However, the warning description implicates that “Common Equity Tier 1 capital - fully phased-in definition” in row 010 column 010 should match with “Common Equity Tier 1 capital - transitional definition” row 020 column 010. In that case, the validation warnings seems to ignore the transitional relief derogation laid down in Chapters 1 and 2 of Part Ten of the CRR. Due to application of above derogation, CET1 capital value under fully phased-in definition will be different compared to CET1 capital value under transitional definition.

Please refer below the sample of exact warning message populated on Regdata portal:

The rounded value of fact 'Name: eba_met:mi81 Value: 266,800,472.00 Context: 9/30/2021 - Own funds, Regulatory capital items, T1 Capital (c-99) Unit: USD (Id: uUSD) Decimals: -3 Id: ' doesn't match the calculated value of 266,568,000.00 defined by calculation linkbase hierarchy ' (http://www.eba.europa.eu/xbrl/crr/role/dict/met/AT107)'.

Submission date
Rejected publishing date
Rationale for rejection

The question has been rejected because the legal basis it refers to has been amended and the issue it raises is no longer relevant in the light of Annex XV to Regulation (EU) No 2021/451 (ITS on Supervisory Reporting).

The Single Rule Book Q&A tool has been established to provide explanations and non-binding interpretations on questions relating to the practical application or implementation of the provisions of legislative acts referred to in Article 1(2) of the EBA’s founding Regulation, as well as associated delegated and implementing acts, and guidelines and recommendations, adopted under these legislative acts.

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Status
Rejected question