Question ID:
2022_6390
Legal Act:
Regulation (EU) No 575/2013 (CRR)
Topic:
Supervisory reporting - FINREP (incl. FB&NPE)
Article:
Annex V
Paragraph:
23
Subparagraph:
289
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Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)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, paragraph 31. Related Parties
Disclose name of institution / entity:
Yes
Name of institution / submitter:
Achmea Bank
Country of incorporation / residence:
the Netherlands
Type of submitter:
Credit institution
Subject Matter:
Validation rule v1376
Question:

Is validation rule v1376 applicable when Achmea Bank amortizes the fee expenses, and the intercompany party does not amortizes related fee expenses? As a result of the amortisation, the intercompany fee expenses is greater than the total fee expenses.

Background on the question:

Validation rule v1376 states that de intercompany fee expenses cannot be greater than the total fee expenses. However, Achmea Bank amortizes the fee expenses with the intercompany party which results in a positieve impact in the profit and loss. As the intercompany party does not amortizes the related fee expenses, the intercompany position fee expenses (F31.02 line 0050) is greater than the total position fee expenses (F02.00 line 0210). As the related party does not amortizes the fee expenses, the amortisation is not part of the related party fee expenses.

Date of submission:
07/03/2022
Published as Rejected Q&A
12/10/2022
Rationale for rejection:

This question has been rejected because the issue it deals with is already explained or addressed in Annex V, Part 2, paragraph 289 of Regulation (EU) 2021/451.

For further information on the purpose of this tool and on how to submit questions, please see 'Additional background and guidance for asking questions'.

Status:
Rejected question
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