The instructions for rows 0262, 0263, 0264 of the C 47 template (DPM 3.0) refer to same Articles 429a(1)(d), 429a(2) and 429a(3) of the CRR. Further, the guidelines about public development credit institutions referred to in CRR article 429a(2) are the same, and instructions for the rows 0262, 0263 and 0264 of C 47 are similar. How to distinguish the exposures in these 3 rows?
As per ITS and CRR, public development credit institutions for the purpose of Article 429a can be (1) credit institutions fulfilling all the conditions listed in the first subparagraph of Article 429a(2), or (2) autonomous units of an institution treated and approved according to the last paragraph of Article 429a(2). In view of the type of public development credit institutions, how to report the exposures in rows 0262, 0263, 0264?
Following Regulation (EU) 2019/876 amending Regulation (EU) No 575/2013 (CRR), additional rows have been included in COREP template C 47.00 with the purpose of reporting information related to promotional loans subject to exemptions under Article 429a.
In particular, rows 0262, 0263, 0264 all refer to the reporting needs of both public development credit institutions (defined as credit institutions fulfilling all the conditions listed in the first subparagraph of Article 429a(2)) and autonomous units of an institution treated and approved according to the last paragraph of Article 429a(2).
Instead, what differentiates rows 0262, 0263 and 0264 is the type of public sector investments and promotional loans to be reported, following the definition in Article 429a(3).
Article 429a(3) distinguishes between three types of promotional loans: (i) loans granted by a public development credit institution – to be reported in row 0262; (ii) by an entity directly set up by the central government, regional government or local authority of a Member State – to be reported in row 0263 and (iii) by an entity set up through an intermediate credit institution on a non-competitive, not-for-profit basis, in order to promote the public policy objectives of the central government, regional government or local authority in a Member State – to be reported in row 0264.