Question ID
2025_7379
Legal act
Regulation (EU) No 575/2013 (CRR)
Topic
Supervisory reporting - FINREP (incl. FB&NPE)
Article
430
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
Regulation (EU) No 680/2014 - ITS on supervisory reporting of institutions (repealed)
Article/Paragraph
11
Type of submitter
Other
Subject matter
SME
Question

In the instructions for Finrep ITS consolidated - Annex V to EU Regulation 2021/451 - there is a definition of SME in point 5.i

‘SME’: micro, small and medium-sized enterprises as defined in Commission Recommendation C(2003)1422 (6); (Commission Recommendation of 6 May 2003 concerning the definition of micro, small and medium-sized enterprises (C(2003)1422) (OJ L 124, 20/05/2003, p. 36), where in article 1:

“Enterprise

An enterprise is considered to be any entity engaged in an economic activity, irrespective of its legal form. This includes, in particular, self-employed persons and family businesses engaged in craft or other activities, and partnerships or associations regularly engaged in an economic activity.”

In accordance with the above-mentioned recommendation and SME definition, the scope  of enterprises also includes self-employed individuals. Given that SME are reported in FINREP ITS as enterprises,  should self-employed entrepreneurs be treated as enterprises as well?

 

Background on the question

Doubts in the interpretation of the definition of non-financial enterprises.

Submission date
Rejected publishing date
Rationale for rejection

This question has been rejected because the issue it deals with is already addressed in the IT Solutions [Annex V, Part 1, paragraph 5, point (i)] to the Regulation (EU) 2024/3117, as well as the Commission Recommendation C(2003) 1422 mentioned under that legislative act.

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