- Question ID
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2019_4803
- Legal act
- Regulation (EU) No 575/2013 (CRR)
- Topic
- Supervisory reporting - FINREP (incl. FB&NPE)
- Article
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99
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
- Article/Paragraph
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Annexes III and IV
- Type of submitter
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Credit institution
- Subject matter
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Validation rules v2.8.1
- Question
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This question refers to the validation rule v5532_m. The prerequisites indicate that template F 04.02.2 triggers this validation rule. Specifically, the prerequisites are : F 06.01 and (F 04.02.1 or F 04.02.2 or F 04.03.1 or F 04.04.1). In the French Gaap environment, only F 04.02.2 is defined as compulsory but not the other templates F 04.XX. For this reason the rule may not be valid in general because all the other files are not produced. For reminder the formula is {F 06.01, r190, c010} = {F 04.02.1, r160, c010} - {F 04.02.1, r160, c020} + {F 04.02.2, r170, c010} - {F 04.02.2, r170, c020} + sum({F 04.03.1, r160, (c015, c030, c040)}) + sum({F 04.04.1, r120, (c015, c030, c040)}) Could it be possible to modify the appliance conditions of this Validation Rule ? Will it be corrected in a further evolution of the EBA VR ? Thanks
- Background on the question
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The question aims to reduce the number of potential recurrent checks linked with the EBA validation rules
- Submission date
- Final publishing date
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- Final answer
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Validation rule v5532_m stipulates equivalence between non-trading loans and advances to non-financial corporation in template F 06.01 and the corresponding amounts broken down by accounting portfolios. This validation rule is intended for IFRS reporters, while v5533_m for nGAAP reporters.
In case nGAAP reporters are required by the competent authority to report some of IFRS-related templates in addition to nGAAP-related templates, validation rule v5532_m is not applicable. The severity level of v5532_m will be set to “warning”; it will admit therefore failures provided that “clear explanations about failure […] [are] provided to the relevant competent authority where needed.” (Explanation tab to EBA Validation Rules file).
Since the scope of the failure is supposedly quite narrow, prerequisites of validation rule v5532_m will not be amended. - Status
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Final Q&A
- Answer prepared by
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Answer prepared by the EBA.
Disclaimer
The Q&A refers to the provisions in force on the day of their publication. The EBA does not systematically review published Q&As following the amendment of legislative acts. Users of the Q&A tool should therefore check the date of publication of the Q&A and whether the provisions referred to in the answer remain the same.