- Question ID
-
2021_6223
- Legal act
- Directive 2014/59/EU (BRRD)
- Topic
- BRRD Reporting
- Article
-
45i
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Regulation (EU) 2021/763 – ITS with regard to the supervisory reporting and public disclosure of MREL
- Article/Paragraph
-
ANNEX II 3.2.2. Instructions concerning specific positions
- Type of submitter
-
Credit institution
- Subject matter
-
v10811_m, grandfathered T2 instruments in M 06.00
- Question
-
How shall grandfathered T2 instruments with a residual maturity of less than 1 year be reported in M 06.00 - Creditor ranking (resolution entities) (TLAC3)?
- Background on the question
-
We have a question regarding Tier 2 instruments which were issued before 27 June 2019 and are considered grandfathered T2 items (i.e. items represented in C 01.00, r0880), while having a residual maturity of less than 1 year: These instruments are considered eligible liabilities (the amount included in own funds) in M 06.00 - Creditor ranking (resolution entities) (TLAC3) and are reported in column 0060. However, there is no available field in the breakdown by maturity (c0070 - c0110) for instruments with a residual maturity of less than 1 year. This results in a validation error, as according to the validation rule v10811_m, the following rule c0060 = (c0070+c0080+…+c0110) should be true. How should one report these items in M 06.00?
- Submission date
- Rejected publishing date
-
- Rationale for rejection
-
This question has been rejected because the matter it refers to has already been identified and will be considered for a forthcoming release of the respective validation rules.
- Status
-
Rejected question