Question ID
2014_1094
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Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)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
Annexes III, IV, templates F 13.02 and F 13.03
Type of submitter
Consultancy firm
Subject matter
FINREP Template 13.2 and 13.3
Question

The difference between the templates 13.2 and 13.3 and the purpose of template 13.3 is not clear. Can you please explain the following questions.

1.)Template 13.2 “Collateral obtained by taking possession during the period [held at the reporting date]”: We have understood that “during the period” means Information about obtained Collateral year-to-date (ytd). That means from 1. January to Reference date. Is this correct?

2.)Template 13.3 “Collateral obtained by taking possession [tangible assets] accumulated”: We have understood that “accumulated” means life-to-date (ltd). Is this correct?

3.)The heading of Template 13.3 is “Collateral obtained by taking possession [tangible assets] accumulated”. In de ITS part 2.84 you explain, that this template excluding those classified as “Property, plant and equipment”. For our understanding the definition of tangible assets are the same definition of Property, plant and equipment. Is the heading incorrect? If not, can you please confirm the purpose of this Template.

Background on the question

The Difference between the templates and the purpose of template 13.3 is not clear.

Submission date
Final publishing date
Final answer
1) According to Article 2 (2) of Regulation (EU) No 680/2014 (ITS on Supervisory Reporting) “Information submitted pursuant to the templates set out in Annex III and Annex IV according to the instructions in Annex V referring to a certain period shall be reported cumulatively from the first day of the accounting year to the reference date.” Thus, the assumption by the submitter is correct. 2) “Accumulated” in the context of template F 13.03 of Annexes III and IV of the ITS on Supervisory Reporting means the overall amount of collateral (which qualifies for tangible assets) which has been taken in possession by the reporting institution until the time of the reference date and not only during the last reference period. Thus, the assumption by the submitter is correct. 3) Template F 13.03 of Annexes III and IV of the ITS on Supervisory Reporting asks for the overall amount of collateral (= tangible assets) which has been taken into possession until the reference date. That means that in this position, also tangible assets which had been taken into possession one or several reference periods ago will have to be shown. In this template, any tangible assets which the reporting institution has taken into possession as foreclosed assets and which are not meant to be used for the reporting institution’s activities (i.e. which are not classified as Property, Plant and Equipment) shall be reported.  
Status
Final Q&A
Answer prepared by
Answer prepared by the EBA.

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