2014_976 Missing activity in NACE code - for agiculure

Question ID:

2014_976

Legal Act:

Regulation (EU) No 575/2013 (CRR)

Topic:

Supervisory reporting - Other

Article:

COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations:

Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)

Article/Paragraph:

5.13 Reporting of Large exposures

Disclose name of institution / entity:

Yes

Name of institution / submitter:

Bank of Slovenija

Country of incorporation / residence:

Slovenia

Type of submitter:

Competent authority

Subject Matter:

Missing activity in NACE code - for agiculure

Question:

Dear Sir/Madam! We found out that there is no NACE code in ITS for activity Agriculture. In NACE code are for eg. codes A - Agriculture, forestry and fishing, A2 - Forestry and logging and A3 - Fishing and aquaculture. But there is not code for Agriculture, which could be A1. That you for your answer. Best regards, Tjaša Češnovar BANKA SLOVENIJE Eurosystem Banking supervision Slovenska 35 1505 Ljubljana Phone: +386 1 47 19 341 Faks: +386 1 47 19 727 E-mail: Tjasa.Cesnovar@bsi.si Website: http://www.bsi.si

Background on the question:

Date of submission:

20/03/2014

Published as Final Q&A:

03/10/2014

Final Answer:

In template C 27.00, covering the identification of the counterparty of the exposure, the NACE codes of non-financial corporations and other financial corporations shall be reported. According to the instructions (Annex IX of the Regulation (EU) No 680/2014 13 ITS on Supervisory Reporting of institutions (ITS)), for non-financial corporations (where agricultural corporations shall be allocated), NACE codes shall be used with one-digit detail.

Therefore, agricultural corporations shall be given the code "A. Agriculture, forestry and fishing", as included in the Data Point Model.

Status:

Final Q&A

Answer prepared by:

Answer prepared by the EBA.