In the instructions for F.40 of Annex V (Part 2, paragraph 294), reference is made to the definition of "group, multi-group, and associate" reported within statement F.1.1 (Part 2, paragraph 4), which is within the prudential scope. The information of the associated companies whose holder is consolidated by the equity method is included in the information of its holder. Therefore, we consider that in statement F.40, these companies should not be detailed, but only the data of the holder should be reported

For example: Company A is the parent of the group, Company B is an equity method investee of Company A at 100%, and Company C is an associate of Company B at 35%. We consider that Company C should not be included.

References to Annex V:

Part 2

294. Institutions shall provide, as of the reporting date, detailed information on subsidiaries, joint ventures and associates fully or proportionally consolidated within the scope of accounting consolidation as well as entities reported as ‘Investments in subsidiaries, joint ventures and associates’ in accordance with paragraph 4 of this Part, including those entities in which investments are held for sale under IFRS 5. All entities shall be reported, regardless of the activity they perform.

Part 2

4. ‘Investments in subsidiaries, joint ventures and associates’ shall include the investments in associates, joint ventures and subsidiaries which are not fully or proportionally consolidated under the regulatory scope of consolidation, except where they shall be classified as held for sale in accordance with IFRS 5, irrespective of how they are measured, including where the accounting standards allow for them to be included in the different accounting portfolios used for financial instruments. The carrying amount of investments accounted for using the equity method shall include related goodwill.