Question ID:
2015_2140
Legal Act:
Regulation (EU) No 575/2013 as amended by Regulation (EU) 2019/876 – CRR2
Topic:
Supervisory reporting
Article:
99
COM Delegated or Implementing Acts/RTS/ITS/GLs:
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (as amended)
Article/Paragraph:
Annex V
Name of institution / submitter:
Nationwide Building Society
Country of incorporation / residence:
United Kingdom
Type of submitter:
Credit institution
Subject Matter:
FINREP Templates F 01.02 and F 43.00
Question:

The closing balance of pending legal issues and tax litigation provisions is presented on both row 210 of template F 01.02 and column 040 of template F 43.00. However the guidance reference differs between the two templates. Please confirm which set of guidance should be followed?

Background on the question:

Validation rule v3459_i requires row 210 on template 01.02 (Provisions – Pending legal issues and tax litigation) to equal row 070 column 040 on template F 43.00 (Closing balance – Pending legal issues and tax litigation). However, on the face of the templates, the IFRS guidance referenced is inconsistent as follows: • TemplateF  01.02: “IAS 37.Appendix C. Examples 6 and 10” (i.e. only examples 6 and 10 applicable) • Template F 43.00: “IAS 37.App C.6-10” (i.e. examples 6, 7, 8, 9 and 10 are applicable) Therefore, it is not known whether examples 7, 8 and 9 in the standard are applicable for these intersections, which must be identical per the validation.

Date of submission:
20/07/2015
Published as Final Q&A:
13/12/2019
EBA Answer:

The reference in Template 43.00 column 040 should be IAS 37.14 and IAS 37. 84 (a) while in Template F 01.2 for row 210 should be only IAS 37.14 (provisions).The templates will be corrected accordingly.

Status:
Final Q&A