2018_3692 Validation rule v_1044_m (FINREP template 16.3 IFRS9)

Question ID:

2018_3692

Legal Act:

Regulation (EU) No 575/2013 (CRR)

Topic:

Supervisory reporting - FINREP (incl. FB&NPE)

Article:

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

Not applicable

Article/Paragraph:

Disclose name of institution / entity:

Type of submitter:

Credit institution

Subject Matter:

Validation rule v_1044_m (FINREP template 16.3 IFRS9)

Question:

The validation rule v1044_m requires that for template F 16.03 the following condition is fulfilled: {r090} = sum(r010-080).

However, in taxonomy v2.7 template F 16.03 has been amended: row 015 (of which: Economic hedges with use of the fair value option) has been added. Is the validation rule v1044_m still valid?

Background on the question:

A row was added to template F 16.3 but there has been no amendment of the validation rule for the template.

Date of submission:

05/02/2018

Published as Final Q&A:

06/04/2018

Final Answer:

The row 015 added to template F 16.03 of Annexes III and IV to Regulation (EU) No 680/2014 (ITS on Supervisory Reporting) by Regulation (EU) 2017/1443 is a memorandum item that should not be considered in the totals; therefore the formula for the calculation of the totals as defined by v1044_m will be amended in order not to take r015 into consideration.

Status:

Final Q&A

Answer prepared by:

Answer prepared by the EBA.