Question ID:
2015_2141
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 Template F 40.01
Question:

Annex V Part II paragraph 296 (f) of Commission Implementing Regulatio (EU) No 680/2014 states of  “”Equity of Investee”, “Total assets of the Investee” and “Profit or (loss) of the Investee” include the amounts of these items in the last financial statements of the investee.” Does this refer to the latest set of financial statements of the investee which have been approved by the investee’s board of directors, or similarly authorised committee?

Background on the question:

Template 40.01 includes the disclosures in columns 060, 070 and 080 of “Equity of Investee”, “Total assets of Investee”, and “Profit or (loss) of Investee” respectively. The guidance in Annex V Part II paragraph 296 (f) states “”Equity of Investee”, “Total assets of the Investee” and “Profit or (loss) of the Investee” include the amounts of these items in the last financial statements of the investee.”

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

For the purposes of template F 40.01, the sentence “last financial statements of the investee” shall be interpreted as the last financial statements of the investee as approved by the investee’s board of directors or similarly authorised committee.
Relevant paragraphs of Annex V, Part 2 of Commission Implemented Regulation (EU) No 680/2014 will be amended at the earliest occasion to reflect this interpretation.

Status:
Final Q&A