Question ID
2013_330
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - FINREP (incl. FB&NPE)
Article
99
Paragraph
2
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
Annex III, F 20.01 - F 20.03
Name of institution / submitter
Swedish Bankers' Association
Country of incorporation / residence
Sweden
Type of submitter
Industry association
Subject matter
Interpretation of domestic
Question

A bank have the Parent company incorporated in Sweden with branches and subsidiaries abroad within and outside EC. Shall instructions in ITS Annex V §107 for template 20.1, 20.2 and 20.3 be interpreted: · Domestic activities= activities in the country of the Financial Group that submits the report = Sweden? · Domestic activities= activities in the countries of Members states = European Community?

Background on the question

A bank have the Parent company incorporated in Sweden with branches and subsidiaries abroad within and outside EC.

Submission date
Final publishing date
Final answer

For the purposes of reporting templates F 20.01 to F 20.03, "domestic " means the Member State where the reporting institution is located. Domestic activities are those related to assets and liabilities in the country of the parent entity of the group. In the case of branches, "domestic " is equivalent to the jurisdiction of residence.

For example, let's imagine a parent entity from country A, where it also has two subsidiaries. In addition to that, there is a branch in country B, a subsidiary in country C, which is a member of the EU, and a subsidiary in country D, which is outside the EU. In this case, country A is "domestic ". Therefore, the assets and liabilities of the branch in country B and of the subsidiaries in countries C and D cannot be accounted for as "domestic ".

Status
Final Q&A
Answer prepared by
Answer prepared by the EBA.

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