What should be reported in column 020 in table F 40.01 Annex III , if entity code is missing for an entity? Should the cell be left empty, if an LEI code is existing for the entity?
The entity code should be a valid MFI code from the ECB MFI list. However, MFI codes could be missing for some of our consolidated subsidiaries as they do not fall under the definition of an MFI as they do not perform banking activities. Also, the corresponding National Central Bank has not allocated them a national ID code. We propose to leave the column empty for those entities where the code is missing, provided a valid LEI code is reported in column 010 as the latter would meet the identification needs.