Question ID
2013_559
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - FINREP (incl. FB&NPE)
Article
Article 99
Paragraph
2
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
Annex III, table 6
Type of submitter
Industry association
Subject matter
FINREP, NACE codes
Question

FINREP table F 06.00 asks breakdown of loans and advances to non-financial corporations by NACE codes. Yet there is no NACE code K (Financial and insurance activities). It is obvious that most of the corporations falling under NACE code K are actually financial corporations with sector code S.12. However, there exist non-financial corporations with sector code S.11 with NACE code K. We ask for clarification if those loans should be reported here or not.

Background on the question

Reporting of non-financial corporations with current NACE code K

Submission date
Final answer

Financial and non-financial entities are defined in FINREP instructions (Annex V of Regulation (EU) No 680/2014 13 ITS on supervisory reporting of institutionsDraft ITS on Supervisory Reporting). All entities carrying out activities listed in the NACE code K can be classified as financial institutions for FINREP purposes. It is therefore not necessary to include an additional row for NACE code K in this template, which is aimed only at non-financial corporations.

 

*As of 1/8/2014 the content of this answer was modified to reflect the publication of the final ITS on supervisory reporting of institutions in the Official Journal of the European Union. As a result, the references to the ITS were updated and the disclaimer deleted. For reasons of transparency, revisions are highlighted in track changes.

Status
Archive
Answer prepared by
Answer prepared by the EBA.