Are branches in the scope of the template C 06.02 (Group Solvency: information on affiliates)? If yes, should information on them - i.e. their contribution to the group solvency - be computed within the subsidiary which they are branches of? Or should they be reported in separates rows?
As specified in Implementing Regulation 2021/451, template C 06.02 consists of four parts in order to gather different information on all individual entities (including the reporting institution) included in the scope of consolidation.
This Implementing regulation 2021/451 gives information about type of entities that shall be reported in C 06.02 :
(a) credit institutions, Point (1) of Article 4(1)CRR;
(b) investment firms, Point (2) of Article 4(1) CRR;
(c) financial institutions (other), Points (20), (21) and (26) of Article 4(1) CRR; Financial institutions within the meaning of point (26) of Article 4(1) CRR which are not included in any of the categories (d), (f) or (g);
(d) (mixed) financial holding companies, Points (20) and (21) of Article 4(1)CRR;
(e) ancillary services undertakings, point (18) of Article 4(1) CRR;
(f) securitisation special purpose entities (SSPEs), Point (66) of Article 4(1)CRR;
(g) covered bond companies, Entity set up to issue covered bonds or to hold the collateral securing a covered bond, if not included in any of the categories (a), (b) or (d) to (f) above;
(h) other types of entities, Entity other than those referred to in points (a) to (g).
What is expected for branches of those categories of entities listed above? Should their contribution to group solvency be declared within the contribution of the entities which they are branches of? Or should their contribution to group solvency be declared separately from that of the institution which they are branches of?
This question has been rejected because the issue it deals with is already explained or addressed in Annex II, Part I, Section 1.1, paragraph (1), point (b) of Regulation (EU) 2021/451, Annex II, Part II, Section 2.1, paragraph (27) thereto and in the instructions on columns 0010-0060 as provided in Annex II, Part II, Section 2.5.