- Question ID
-
2022_6412
- Legal act
- Regulation (EU) No 575/2013 (CRR)
- Topic
- Supervisory reporting - FINREP (incl. FB&NPE)
- Article
-
430
- Paragraph
-
3
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Regulation (EU) 2021/451 – ITS on supervisory reporting of institutions
- Article/Paragraph
-
IAS 24.19, 24.25, 24.26
- Type of submitter
-
Credit institution
- Subject matter
-
F 31.01 in combination with Q&A 915
- Question
-
According to Q&A_915 and EBA-ITS v3.0, the EBA considers validation rule 1034_m still as accurate. We're seeking a clarification whether EBA also has taken into account IAS 24.26 when answering in 2014.
- Background on the question
-
In the answer to Q&A 915, the EBA only refers to IAS 24.25 and in this sense the answer is correct. But IAS 24.26 sets out some requirements to make use of the exception of IAS 24.25 which EBA didn't refer to in 2014. Based on these preconditions we believe that IAS 24.25 cannot be mandatory for FINREP. If a state-owned bank doesn't apply IAS 24.25 and discloses its balances against its parent (= regional government) this should also be shown in FINREP F 31.01.
Annex III to Regulation (EU) 2021/451 only refers to IAS 24.19 (a) and (b), therefore there is no rule other than the IAS and that's why validation rule 1034_m should be amended.
- Submission date
- Final publishing date
-
- Final answer
-
The validation rule v1034_m has the sign
- Status
-
Final Q&A
- Answer prepared by
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Answer prepared by the EBA.