Question ID
2024_7236
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting
Article
430
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) 2021/451 – ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
Annex V Part 1.5
Type of submitter
Competent authority
Subject matter
NACE 2025 reporting in ITS
Question

The upcoming changes to the NACE (Nomenclature of Economic Activities) codes in 2025 are going to have certain implications for banks, particularly in relation to the ITS on supervisory reporting of institutions. For bank supervisory reports in 2025 in which data on NACE activity are requested, should the applicable NACE classification be based on the current NACE classification, or should the NACE activity codes be based on the NACE 2025 (which will be officially enacted on 1 January 2025)?

Background on the question

According to the Commission Delegated Regulation (EU) 2023/137, for reference periods starting from 1 January 2025, NACE 2025 classification is to be applied. NACE Regulation is amended with an annex containing new breakdown and new codes for economic activities. Since the supervisory reporting ITS refers to the NACE regulation (in Annex V, Part 1, point 5d), the question arises whether the reference to the NACE regulation is aligned with the technical specifications in the DPM.

Submission date
Rejected publishing date
Rationale for rejection

This question has been rejected because the matter it refers to has been answered in Q&A 7158.

Status
Rejected question