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Document 32022R2454
Commission Implementing Regulation (EU) 2022/2454 of 14 December 2022 laying down implementing technical standards for the application of Directive 2002/87/EC of the European Parliament and of the Council with regard to supervisory reporting of risk concentrations and intra-group transactions (Text with EEA relevance)
Commission Implementing Regulation (EU) 2022/2454 of 14 December 2022 laying down implementing technical standards for the application of Directive 2002/87/EC of the European Parliament and of the Council with regard to supervisory reporting of risk concentrations and intra-group transactions (Text with EEA relevance)
Commission Implementing Regulation (EU) 2022/2454 of 14 December 2022 laying down implementing technical standards for the application of Directive 2002/87/EC of the European Parliament and of the Council with regard to supervisory reporting of risk concentrations and intra-group transactions (Text with EEA relevance)
C/2022/9198
OJ L 324, 19.12.2022, p. 55–110
(BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
In force
|
19.12.2022 |
EN |
Official Journal of the European Union |
L 324/55 |
COMMISSION IMPLEMENTING REGULATION (EU) 2022/2454
of 14 December 2022
laying down implementing technical standards for the application of Directive 2002/87/EC of the European Parliament and of the Council with regard to supervisory reporting of risk concentrations and intra-group transactions
(Text with EEA relevance)
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate and amending Council Directives 73/239/EEC, 79/267/EEC, 92/49/EEC, 92/96/EEC, 93/6/EEC and 93/22/EEC, and Directives 98/78/EC and 2000/12/EC of the European Parliament and of the Council (1), and in particular Article 21a(2), points (b) and (c), thereof,
Whereas:
|
(1) |
According to Article 7(2), second subparagraph, Article 8(2), third subparagraph, and Annex II to Directive 2002/87/EC, coordinators are responsible for supervising significant risk concentrations and intra-group transactions at the level of financial conglomerates. |
|
(2) |
When supervising significant risk concentrations and intra-group transactions, coordinators and other relevant competent authorities are to take into account the specific group and risk management structure of the financial conglomerate and the existing sector-specific requirements on intra-group transactions and risk concentrations, in particular when identifying the significant risk concentrations and significant intra-group transactions that regulated entities and mixed financial holding companies in a particular financial conglomerate are to report pursuant to Articles 7(2) and 8(2) of Directive 2002/87/EC. |
|
(3) |
To help coordinators and other relevant competent authorities to identify potential issues for the assessment of the risks taken by the conglomerate and to facilitate coordinated supervisory practices across the Union, regulated entities and mixed financial holding companies should report significant intra-group transactions and significant risk concentrations in a consistent and standardised manner. |
|
(4) |
To allow for sufficient time for financial conglomerates to adapt to the new reporting requirements, this date of application of this Regulation should be deferred. |
|
(5) |
This Regulation is based on the draft implementing technical standards submitted to the Commission by the European Supervisory Authorities (European Banking Authority, European Insurance and Occupational Pensions Authority, European Securities and Markets Authority). |
|
(6) |
The European Supervisory Authorities have conducted open public consultations on the draft implementing technical standards on which this Regulation is based, analysed the potential related costs and benefits and requested the advice of the European Supervisory Authorities’ respective Stakeholder Groups in accordance with Article 37 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council (2), Regulation (EU) No 1094/2010 of the European Parliament and of the Council (3) and Regulation (EU) No 1095/2010 of the European Parliament and of the Council (4) respectively, |
HAS ADOPTED THIS REGULATION:
Article 1
Scope and frequency of reporting on significant intra-group transactions and risk concentrations
1. Without prejudice to the obligations laid down in Articles 7(2) and 8(2) of Directive 2002/87/EC, the coordinator appointed in accordance with Article 10 of that Directive may demand regulated entities or mixed financial holding companies to submit information about significant risk concentrations and significant intra-group transactions on an ad hoc basis, after having consulted the relevant competent authorities.
2. Regulated entities or mixed financial holding companies shall ensure that the data reported in accordance with Articles 7(2) and 8(2) of Directive 2002/87/EC are consistent with the data submitted in accordance with the requirements of the relevant sectoral rules as defined in Article 2(7) of that Directive, and in particular with Regulation (EU) No 575/2013 of the European Parliament and of the Council (5) and Commission Delegated Regulation (EU) 2015/35 (6).
3. In accordance with Annex II to Directive 2002/87/EC, the coordinator, after having consulted the relevant competent authorities, shall specify the type of transactions that regulated entities or mixed financial holding companies shall report.
4. Regulated entities or mixed financial holding companies shall submit to the coordinator any requested information and any corrections to the data without undue delay.
Article 2
Format of reporting on significant risk concentrations
1. When reporting information on significant risk concentrations in accordance with Article 7(2) of Directive 2002/87/EC, regulated entities or mixed financial holding companies shall submit the information referred to in templates FC.06, FC.07 and FC.08 of Annex I to this Regulation in accordance with the instructions laid down in Annex II to this Regulation.
2. When reporting, in accordance with Article 3(5), point (e), of Commission Delegated Regulation (EU) 2015/2303 (7), to the coordinator appointed in accordance with Article 10 of Directive 2002/87/EC, information on the management of conflicts of interests and risks of contagion at the level of the financial conglomerate regarding significant risk concentrations, regulated entities or mixed financial holding companies shall use the format requested by that coordinator.
Article 3
Format of reporting on significant intra-group transactions
1. When reporting information on significant intra-group transactions in accordance with Article 8(2) of Directive 2002/87/EC, regulated entities or mixed financial holding companies shall submit the information referred to in templates FC.00 to FC.05 of Annex I to this Regulation in accordance with the instructions laid down in Annex II to this Regulation.
2. When reporting, in accordance with Article 2(4), point (d), of Delegated Regulation (EU) 2015/2303, to the coordinator appointed in accordance with Article 10 of Directive 2002/87/EC information on the management of conflicts of interests and risks of contagion at the level of the financial conglomerate regarding significant intra-group transactions, regulated entities or mixed financial holding companies shall use the format requested by the coordinator.
Article 4
Transmission
Regulated entities or mixed financial holding companies shall submit the information referred to in Articles 1, 2 and 3 of this Regulation in the data exchange formats specified by the coordinator, in accordance with the following specifications:
|
(a) |
data points shall be reported using no decimals and precision equivalent to units; |
|
(b) |
the reporting currency shall be the one used for the preparation of the consolidated financial statements. |
Article 5
Entry into force and date of application
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
It shall apply from 31 December 2023.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 14 December 2022.
For the Commission
The President
Ursula VON DER LEYEN
(2) Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ L 331, 15.12.2010, p. 12).
(3) Regulation (EU) No 1094/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/79/EC (OJ L 331, 15.12.2010, p. 48).
(4) Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/77/EC (OJ L 331, 15.12.2010, p. 84).
(5) Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1).
(6) Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (OJ L 12, 17.1.2015, p. 1).
(7) Commission Delegated Regulation (EU) 2015/2303 of 28 July 2015 supplementing Directive 2002/87/EC of the European Parliament and of the Council with regard to regulatory technical standards specifying the definitions and coordinating the supplementary supervision of risk concentration and intra-group transactions (OJ L 326, 11.12.2015, p. 34).
ANNEX I
Templates for reporting on intra-group trasactions (IGT) and risk concentration (RC)
Index
|
FC.00 |
Summary template |
|
FC.01 |
Equity-type transactions, debt and asset transfers |
|
FC.02 |
Derivatives |
|
FC.03 |
Off-balance sheet and contingent liabilities |
|
FC.04 |
Insurance-reinsurance |
|
FC.05 |
P&L |
|
FC.06 |
Risk Concentration - Exposure by counterparties |
|
FC.07 |
Risk Concentration – Exposure by currency, sector, country |
|
FC.08 |
Risk Concentration – Exposure by asset class and rating |
FC.00 Summary template
FC.01 Equity-type transactions, debt and asset transfers
FC.02 Derivatives
FC.03 Off-balance sheet and contingent liabilities
FC.04 Insurance-reinsurance
FC.05 P&L
FC.06 Risk Concentration - Exposure by counterparties
FC.07 Risk Concentration – Exposure by currency, sector, country
Exposure by currency
|
Currency area |
Exposure |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
100,00% |
Exposure by sector
|
Sector |
Exposure |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
100,00% |
Exposure by country
|
Country |
Exposure |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
100,00% |
FC.08 Risk Concentration – Exposure by asset class and rating
Equity
|
|
Exposure |
Share of total assets |
|
Total |
|
|
National government, international financial organisation and central banks bonds
|
Rating |
Exposure |
% |
|
AAA |
|
|
|
AA |
|
|
|
A |
|
|
|
BBB |
|
|
|
Non investment grade |
|
|
|
Total |
|
100,00% |
Regional governments, local authorities and public sector entities bonds
|
Rating |
Exposure |
% |
|
AAA |
|
|
|
AA |
|
|
|
A |
|
|
|
BBB |
|
|
|
Non investment grade |
|
|
|
Total |
|
100,00% |
Corporate bonds
|
Rating |
Exposure |
% |
|
AAA |
|
|
|
AA |
|
|
|
A |
|
|
|
BBB |
|
|
|
Non investment grade |
|
|
|
Total |
|
100,00% |
ANNEX II
INSTRUCTIONS ON REPORTING ON INTRA-GROUP TRANSACTIONS AND RISK CONCENTRATION
Table of Contents
| PART I: GENERAL INSTRUCTIONS | 69 |
|
1. |
Structure and conventions | 69 |
|
1.1. |
Structure | 69 |
|
1.2. |
Numbering convention | 69 |
|
1.3. |
Sign convention | 69 |
|
1.4. |
Valuation | 69 |
|
1.5. |
Scope | 69 |
| PART II: TEMPLATE RELATED INSTRUCTIONS | 70 |
|
1. |
FC.00-Summary template | 70 |
|
1.1. |
General remarks | 70 |
|
1.2. |
Instructions concerning specific positions | 70 |
|
2. |
FC.01- Equity-type transactions, debt and asset transfer | 70 |
|
2.1. |
General remarks | 84 |
|
2.2. |
Instructions concerning specific positions | 85 |
|
3. |
FC.02 - IGT – Derivatives | 85 |
|
3.1. |
General remarks | 89 |
|
3.2. |
Instructions concerning specific positions | 90 |
|
4. |
FC.03 - IGT – Off-balance sheet and contingent liabilities | 90 |
|
4.1. |
General remarks | 95 |
|
4.2. |
Instructions concerning specific positions | 96 |
|
5. |
FC.04 - IGT – Insurance and Reinsurance | 96 |
|
5.1. |
General remarks | 98 |
|
5.2. |
Instructions concerning specific positions | 99 |
|
6. |
FC.05 - IGT – P & L | 99 |
|
6.1. |
General remarks | 103 |
|
6.2. |
Instructions concerning specific positions | 104 |
|
7. |
FC.06 Risk Concentration – Exposure by counterparties | 104 |
|
7.1. |
General remarks | 106 |
|
7.2. |
Instructions concerning specific positions | 107 |
|
8. |
FC.07 Risk Concentration – Exposure by currency, sector, country | 107 |
|
9. |
FC.08 Risk Concentration – Exposure by asset class and rating | 110 |
PART I: GENERAL INSTRUCTIONS
1. Structure and conventions
1.1. Structure
The framework consists of nine blocks of templates:
|
(a) |
a summary template that gives an overview of intra-group transactions; |
|
(b) |
an equity-type debt or asset template that gives an overview of intra-group transactions by all individual entities included in the scope of consolidation of the reporting entity regarding debt instruments, equity instruments or other asset transfers; |
|
(c) |
a derivatives template that gives an overview of intra-group transactions by all individual entities included in the scope of the reporting for derivatives; |
|
(d) |
off-balance-sheet items and contingent liabilities; |
|
(e) |
insurance and reinsurance; |
|
(f) |
profit and loss; |
|
(g) |
risk concentration exposure by counterparty; |
|
(h) |
risk concentration exposure by currency, sector and country; |
|
(i) |
risk concentration exposure by asset class and rating. |
Legal references shall be provided for each template. Part I of this annex sets out further detailed information regarding more general aspects of the reporting in each block of templates, instructions concerning specific positions and validation rules.
Institutions shall report using only the templates that are relevant, depending on the threshold set by the competent authorities.
1.2. Numbering convention
This annex follows the labelling convention set in the templates when referring to the columns, rows and cells of the templates.
The following general notation is used in the instructions: {Template;Row;Column}.
1.3. Sign convention
Any amount that increases the exposure of an entity during the reporting period must be stated as a positive figure and any amount that reduces the total exposure of the entity must be stated as a negative figure. The figures shall relate only to the reporting period in question and not to previous reporting periods. Where a negative sign (-) precedes the label of an item, no positive figure shall be reported for that item.
1.4. Valuation
When not specified, the value of the item shall be stated in accordance with the sectoral rules of the entity within the group.
The exchange rate used to report a currency exposure shall be the closing rate on the last day for which the relevant exchange rate is available in the reporting period to which the asset or liability relates.
1.5. Scope
Where sector-wide reporting is required, ancillary services undertakings as defined in Article 4(1), point (18), of Regulation (EU) No 575/2013 of the European Parliament and of the Council (1) shall be treated as part of the banking sector.
Where sector-wide reporting is required, investment firms as defined in Article 4(1), point (1), of Directive 2014/65/EU of the European Parliament and of the Council (2) shall be treated as part of the banking sector.
PART II: TEMPLATE-RELATED INSTRUCTIONS
1. FC.00 Summary template
1.1. General remarks
Part II of this annex sets out additional instructions in relation to the templates provided in Annex I to this Regulation. The first column of the table in point 1.2. identifies the items to be reported by identifying the relevant columns and lines as shown in the template in that Annex.
In FC.00, the summary template, the total volume of all significant intra-group transactions between entities of a specific financial conglomerate within a given reporting period as set out in Article 8(2) of Directive 2002/87/EC shall be reported.
Where two or more transactions are part of a single economic operation, the value reported shall be the maximum cumulative exposure at any point in time during a given reporting period.
The information provided in the table shall therefore be the aggregation of values provided in the other reporting sheets.
Intra-group transactions where at least one party to the transaction is a regulated entity shall be reported. Transactions between investment funds (which are not covered either by the definition of an investment firm or by the definition of a regulated entity) and other non-regulated entities shall therefore not be reported.
1.2. Instructions concerning specific positions
|
|
ITEM |
INSTRUCTIONS |
||||||
|
R01 |
Financial conglomerate name |
Insert the financial conglomerate name. |
||||||
|
R02 |
Thresholds for significant IGTs |
Insert the numerical value of the thresholds specified in Article 8(2) of Directive 2002/87/EC. |
||||||
|
R03 |
Quantitative limit |
Insert the numerical value of the quantitative limit specified in Article 7(3) of Directive 2002/87/EC. |
||||||
|
R04 |
Reporting unit |
State the reporting unit: 1; 1 000 ; 1 000 000 , etc. for templates FC.01, FC.02, FC.03, FC.04, FC.05, FC.06, FC.07 and FC.08. |
||||||
|
R05 |
Reporting currency |
State the reporting currency: euro, pound sterling, Danish krone for templates FC.01, FC.02, FC.03, FC.04, FC.05, FC.06, FC.07 and FC.08. |
||||||
|
Line A FC0010 |
A - Equity-type transactions, debt, asset transfer and derivatives |
‘FC0010’ shall be equal to the sum of line 1 FC0010, line 2 FC0010, line 3 FC0010 and line 4 FC0010. |
||||||
|
Line 1 FC0010 |
Debt instruments |
‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt andr asset’ where:
|
||||||
|
Line 1 FC0020 |
Debt instruments |
‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 1 FC0030 |
Debt instruments |
‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 1 FC0040 |
Debt instruments |
‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 1 FC0050 |
Debt instruments |
‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 1 FC0060 |
Debt instruments |
‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 1 FC0070 |
Debt instruments |
‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 1 FC0080 |
Debt instruments |
‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 1 FC0090 |
Debt instruments |
‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 2 FC0010 |
Capital instruments |
‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 2 FC0020 |
Capital instruments |
‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 2 FC0030 |
Capital instruments |
‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 2 FC0040 |
Capital instruments |
‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 2 FC0050 |
Capital instruments |
‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 2 FC0060 |
Capital instruments |
‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 2 FC0070 |
Capital instruments |
‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 2 FC0080 |
Capital instruments |
‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 2 FC0090 |
Capital instruments |
‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 3 FC0010 |
Other asset transfers |
‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 3 FC0020 |
Other asset transfers |
‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 3 FC0030 |
Other asset transfers |
‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 3 FC0040 |
Other asset transfers |
‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 3 FC0050 |
Other asset transfers |
‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 3 FC0060 |
Other asset transfers |
‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 3 FC0070 |
Other asset transfers |
‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 3 FC0080 |
Other asset transfers |
‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 3 FC0090 |
Other asset transfers |
‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where:
|
||||||
|
Line 4 FC0010 |
Derivatives |
‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0180’ in sheet ‘FC.02 Derivatives’ where:
|
||||||
|
Line 4 FC0020 |
Derivatives |
‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0180’ in sheet ‘FC.02 Derivatives’ where:
|
||||||
|
Line 4 FC0030 |
Derivatives |
‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0180’ in sheet ‘FC.02 Derivatives’ where:
|
||||||
|
Line 4 FC0040 |
Derivatives |
‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0180’ in sheet ‘FC.02 Derivatives’ where:
|
||||||
|
Line 4 FC0050 |
Derivatives |
‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0180’ in sheet ‘FC.02 Derivatives’ where:
|
||||||
|
Line 4 FC0060 |
Derivatives |
‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0180’ in sheet ‘FC.02 Derivatives’ where:
|
||||||
|
Line 4 FC0070 |
Derivatives |
‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0180’ in sheet ‘FC.02 Derivatives’ where:
|
||||||
|
Line 4 FC0080 |
Derivatives |
‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0180’ in sheet ‘FC.02 Derivatives’ where:
|
||||||
|
Line 4 FC0090 |
Derivatives |
‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0180’ in sheet ‘FC.02 Derivatives’ where:
|
||||||
|
Line B |
Off-balance-sheet and contingent liabilities |
Shall be equal to the sum of lines 5 and 6 for the respective columns. |
||||||
|
Line 5 FC0010 |
Guarantees |
‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where:
|
||||||
|
Line 5 FC0020 |
Guarantees |
‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where:
|
||||||
|
Line 5 FC0030 |
Guarantees |
‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where:
|
||||||
|
Line 5 FC0040 |
Guarantees |
‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where:
|
||||||
|
Line 5 FC0050 |
Guarantees |
‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where:
|
||||||
|
Line 5 FC0060 |
Guarantees |
‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where:
|
||||||
|
Line 5 FC0070 |
Guarantees |
‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where:
|
||||||
|
Line 5 FC0080 |
Guarantees |
‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where:
|
||||||
|
Line 5 FC0090 |
Guarantees |
‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where:
|
||||||
|
Line 6 FC0010 |
Other off-balance- sheet items |
‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where:
|
||||||
|
Line 6 FC0020 |
Other off-balance- sheet items |
‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where:
|
||||||
|
Line 6 FC0030 |
Other off-balance- sheet items |
‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where:
|
||||||
|
Line 6 FC0040 |
Other off-balance- sheet items |
‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where:
|
||||||
|
Line 6 FC0050 |
Other off-balance- sheet items |
‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where:
|
||||||
|
Line 6 FC0060 |
Other off-balance- sheet items |
‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where:
|
||||||
|
Line 6 FC0070 |
Other off-balance- sheet items |
‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where:
|
||||||
|
Line 6 FC0080 |
Other off-balance- sheet items |
‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where:
|
||||||
|
Line 6 FC0090 |
Other off-balance- sheet items |
‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where:
|
||||||
|
Line C FC0010 |
Insurance/reinsurance transactions |
‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.04 Insurance-reinsurance’ where:
|
||||||
|
Line C FC0020 |
Insurance/reinsurance transactions |
‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.04 Insurance-reinsurance’ where:
|
||||||
|
Line C FC0030 |
Insurance/reinsurance transactions |
‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.04 Insurance-reinsurance’ where:
|
||||||
|
Line D |
P&L transactions |
Shall be equal to the sum of lines 7, 8, 9 and 10 for the respective columns. |
||||||
|
Line 7 FC0010 |
Commission paid to business providers |
‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 7 FC0020 |
Commission paid to business providers |
‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 7 FC0030 |
Commission paid to business providers |
‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 7 FC0040 |
Commission paid to business providers |
‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 7 FC0050 |
Commission paid to business providers |
‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 7 FC0060 |
Commission paid to business providers |
‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 7 FC0070 |
Commission paid to business providers |
‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 7 FC0080 |
Commission paid to business providers |
‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 7 FC0090 |
Commission paid to business providers |
‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 8 FC0010 |
Fees and others |
‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 8 FC0020 |
Fees and others |
‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 8 FC0030 |
Fees and others |
‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 8 FC0040 |
Fees and others |
‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 8 FC0050 |
Fees and others |
‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 8 FC0060 |
Fees and others |
‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 8 FC0070 |
Fees and others |
‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 8 FC0080 |
Fees and others |
‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 8 FC0090 |
Fees and others |
‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 9 FC0010 |
Interest |
‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 9 FC0020 |
Interest |
‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 9 FC0030 |
Interest |
‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 9 FC0040 |
Interest |
‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 9 FC0050 |
Interest |
‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 9 FC0060 |
Interest |
‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 9 FC0070 |
Interest |
‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 9 FC0080 |
Interest |
‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 9 FC0090 |
Interest |
‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 10 FC0010 |
Dividends |
‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 10 FC0020 |
Dividends |
‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 10 FC0030 |
Dividends |
‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 10 FC0040 |
Dividends |
‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 10 FC0050 |
Dividends |
‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 10 FC0060 |
Dividends |
‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 10 FC0070 |
Dividends |
‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 10 FC0080 |
Dividends |
‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
||||||
|
Line 10 FC0090 |
Dividends |
‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where:
|
2. FC.01 Equity-type transactions, debt and asset transfers
2.1. General remarks
This part of the annex sets out additional instructions in relation to the templates provided in Annex I to this Regulation. The first column of the next table identifies the items to be reported by identifying the columns and lines as shown in the template in that Annex.
This part of the annex relates to the information that financial conglomerates are to provide at least once a year.
In this template, all significant intra-group transactions between entities of a financial conglomerate referred to in Article 8(2) of Directive 2002/87/EC related to equity, debt, reciprocal financing (3) and asset transfers shall be reported.
Those significant intra-group transactions include:
|
(a) |
equity and other capital items, including participations in related entities and transfer of shares of entities related to the financial conglomerate; |
|
(b) |
debt, including bonds, loans, collateralised debt and other transactions of similar nature with periodic predetermined interest or coupon or premium payments for a predetermined period of time; |
|
(c) |
other asset transfers such as transfers of property and transfers of shares of other companies unrelated to (i.e. outside) the financial conglomerate. |
Financial conglomerates shall complete this template for all significant intra-group transactions that have to be reported, i.e. (i) between regulated entities of different sectors belonging to the same group; (ii) between regulated entities of the same sector belonging to the same group; (iii) between a regulated entity and a non-regulated entity belonging to the same group; and (iv) between a regulated entity and any natural or legal person linked to the undertakings of the group by close links.
Intra-group transactions shall be reported in this template that were either:
|
(a) |
in force at the start of the reporting period; |
|
(b) |
initiated during the reporting period and outstanding at the reporting date; or |
|
(c) |
initiated and expired/matured during the reporting period. |
Two or more transactions between entities of the group which, from an economic perspective (i) contribute to the same risk, (ii) serve the same purpose or (iii) are temporally connected in a plan, shall be considered a single economic operation. All transactions which are part of a single economic operation shall be reported whenever those transactions collectively are at or above the corresponding threshold for significant intra-group transactions, even if the transactions are individually below the threshold. Any element added to significant intra-group transactions shall be reported as a separate intra-group transaction, even where the element in its own right falls below the significant threshold limit. For example, where an undertaking increases an initial loan to a related undertaking, that addition to the loan shall be recorded as a separate item with its issue date as the date of the addition.
Where the transaction value is different for two transacting parties (e.g. a EUR 10 000 000 transaction between A and B where A records EUR 10 000 000, but B only receives EUR 9 500 000 because transaction costs of EUR 500 000 have been incurred), the maximum amount shall be reported in the template as the transaction amount (EUR 10 000 000 in this example).
Indirect transactions shall be defined as any transaction shifting risk exposures either (i) between entities within the financial conglomerate (including transactions with special purpose vehicles, collective investment undertakings, ancillary entities or unregulated entities) or (ii) between entities outside the financial conglomerate (but where ultimately the risk exposure is brought back or stays within the financial conglomerate). Where there is a chain of related intra-group transactions (e.g. A invests in B and B invests in C), these transactions shall be reported as indirect transactions. Therefore, A to C transactions shall be reported and the comments shall mention the intermediary steps. In the case of a cascade of transactions (e.g. from A to B to C to D sequentially, where both B and C are in the conglomerate but are unregulated entities), those transactions shall also be reported.
2.2. Instructions concerning specific positions
|
|
ITEM |
INSTRUCTIONS |
||||||||||||||||||||
|
FC0010 |
ID of intra-group transaction |
Unique internal identification code for each intra-group transaction. It shall be consistent over time. |
||||||||||||||||||||
|
FC0020 |
Investor/lender name |
Name of the entity that is buying the equity or lending to a related undertaking within the financial conglomerate - i.e. the entity that recognises the transaction as an asset on its balance sheet (debit - balance sheet). |
||||||||||||||||||||
|
FC0030 |
Identification code for investor/lender |
The unique identification code attached to the investor/buyer/transferee by this order of priority if available:
Specific code:
|
||||||||||||||||||||
|
FC0031 |
Type of code for investor/lender |
Type of ID code used for the ‘Identification code for investor/lender’ item. Use either the legal entity identifier (LEI) or the specific code. |
||||||||||||||||||||
|
FC0040 |
Sector of the investor/lender |
Where the investor/lender is part of the financial sector within the meaning of Article 2(8) of Directive 2002/87/EC, indicate ‘banking sector’, ‘insurance sector’ or ‘investments services sector’. Where the investor/lender is not part of the financial sector within the meaning of Article 2(8) of that Directive, indicate ‘other undertaking of the group’. |
||||||||||||||||||||
|
FC0050 |
Issuer/borrower name |
Name of the entity that is issuing the equity/capital item or borrowing money (issuing debt), i.e. the entity that recognises the transaction as a liability or capital on its balance sheet (credit - balance sheet). |
||||||||||||||||||||
|
FC0060 |
Identification code for issuer/borrower |
The unique identification code attached to the investor/buyer/transferee by this order of priority where available:
Specific code:
|
||||||||||||||||||||
|
FC0061 |
Type of code for issuer/borrower |
Type of ID code used for the ‘Identification code for issuer/borrower’ item. Use either the legal entity identifier (LEI) or the specific code. |
||||||||||||||||||||
|
FC0070 |
Sector of the issuer/borrower |
Where the issuer/borrower is part of the financial sector within the meaning of Article 2(8) of Directive 2002/87/EC, indicate ‘banking sector’, ‘insurance sector’ or ‘investments services sector’. Where the issuer/borrower is not part of the financial sector within the meaning of Article 2(8) of that Directive, indicate ‘other undertaking of the group’. |
||||||||||||||||||||
|
FC0080 |
Indirect transactions |
Where the reported intra-group transaction is part of an indirect transaction (see point 2.1 ‘general remarks’ above), report the ‘ID of intra-group transaction’ (FC0010) of the related transaction in this cell. Where the reported IGT is not part of an indirect transaction, indicate ‘No’. |
||||||||||||||||||||
|
FC0090 |
Single economic operation |
Where the reported IGT is part of a single economic operation (see point 2.1 ‘general remarks’ above) report the ‘ID of intra-group transaction’ (FC0010) of the related transaction in this cell. Where the reported IGT is not part of a single economic operation, indicate ‘No’. |
||||||||||||||||||||
|
FC0100 |
ID code of the instrument |
This is the identification code of the instrument (capital, debt, etc.) between the two counterparties identified using the following priority:
This may be different from the intra-group transaction code provided in cell FC0010. |
||||||||||||||||||||
|
FC0101 |
ID code type of the instrument |
Type of ID code used for the ‘ID code of the instrument’ item. One of the options in the following closed list of codes shall be used:
|
||||||||||||||||||||
|
FC0110 |
Type of instrument |
Identify the type of instrument. The following closed list of codes shall be used:
|
||||||||||||||||||||
|
FC0120 |
Instrument |
Identify the instrument. The following closed list of codes shall be used:
|
||||||||||||||||||||
|
FC0130 |
Issue date |
This is the earlier of the transaction/debt issue date and the date the intra-group transaction is effective from, where different from the issue date. The date shall follow the ISO 8601 (yyyy-mm-dd) format. |
||||||||||||||||||||
|
FC0140 |
Maturity date |
Identify the ISO 8601 (yyyy-mm-dd) code of the date when the transaction expires/reaches maturity if applicable:
|
||||||||||||||||||||
|
FC0150 |
Currency of transaction |
Identify the ISO 4217 alphabetic code of the currency in which the transaction took place. |
||||||||||||||||||||
|
FC0160 |
Amount at transaction date |
Amount of the transaction at transaction date reported in the reporting currency of the financial conglomerate. |
||||||||||||||||||||
|
FC0170 |
Amount at reporting date |
Outstanding amount of the transaction at the reporting date where applicable, e.g. for debt issue, reported in the reporting currency of the financial conglomerate. Where there has been a full early settlement/prepayment, the balance of contractual amount shall be zero. |
||||||||||||||||||||
|
FC0180 |
Value of collateral |
The value of collateral for collateralised debt or asset value for intra-group transaction involving asset transfer, reported in the reporting currency of the financial conglomerate. Collateral arrangements between undertakings of the same sector shall be valued in accordance with the rules of this sector, e.g. intra-group transactions between two credit institutions within a financial conglomerate may be valued in accordance with Regulation (EU) No 575/2013. Collateral arrangements between undertakings from different sectors shall be valued in accordance with the sectoral rules of the consolidating entity, e.g. intra-group transactions between a credit institution that is the ultimate parent company and an insurance undertaking within a financial conglomerate would be valued according to Regulation (EU) No 575/2013. |
||||||||||||||||||||
|
FC0190 |
Amount of dividends/interest/coupon and other payments made during reporting period |
This cell shall capture any payments made in relation to the intra-group transactions recorded in this template for the reporting period (6 months up to the reporting date). That includes:
This amount shall be reported in the reporting currency of the financial conglomerate. |
||||||||||||||||||||
|
FC0200 |
Coupon/interest rate |
The interest or coupon rate as a percentage, where applicable. For variable interest rate, this shall include the reference rate and the interest rate above it. |
||||||||||||||||||||
|
FC0210 |
Comments |
Comments shall contain:
|
3. FC.02 - IGT - Derivatives
3.1. General remarks
This part sets out additional instructions in relation to the templates provided in Annex I to this Regulation. The first column of the next table identifies the items to be reported by identifying the columns and lines as shown in the template in that Annex.
This part of the annex relates to information that financial conglomerates are to provide at least once a year.
In this template, all significant intra-group transactions related to derivatives between entities that fall within the scope of financial conglomerate supervision as set out in Article 8(2) of Directive 2002/87/EC shall be reported. Significant intra-group transactions related to derivatives shall be reported where the carrying amount of the derivative exceeds the threshold.
They include:
|
(a) |
interest rate contracts, including swaps, forward agreements, futures and options; |
|
(b) |
foreign exchange contracts, including swaps, forward agreements, futures and options; |
|
(c) |
contracts of a similar nature concerning other reference items or indices. |
Financial conglomerates shall complete this template for all significant intra-group transactions required to be reported, i.e. (i) between regulated entities of different sectors belonging to the same group; (ii) between regulated entities of the same sector belonging to the same group; (iii) between a regulated entity and a non-regulated entity belonging to the same group; and (iv) between a regulated entity and any natural or legal person linked to the undertakings of the group by close links.
In this template, intra-group transactions shall be reported that were:
|
(a) |
in force at the start of the reporting period; |
|
(b) |
initiated during the reporting period and outstanding at the reporting date; |
|
(c) |
initiated and expired/matured during the reporting period. |
Two or more transactions between entities of the group which, from an economic perspective (i) contribute to the same risk, (ii) serve the same purpose or (iii) are temporally connected in a plan, shall be a single economic operation. All transactions which are part of a single economic operation shall be reported whenever those transactions are collectively at or above the corresponding threshold for significant intra-group transactions, even if they individually fall below the threshold.
Any element added to significant intra-group transactions shall be reported as a separate intra-group transaction, even if the element in its own right falls below the significant threshold limit. For example, if an undertaking increases the initial loan amount to another related undertaking, the addition to the loan shall be recorded as a separate item with its issue date as the date of the addition.
Where the transaction value is different for two transacting parties (e.g. a EUR 10 000 000 transaction between A and B where A records EUR 10 000 000, but B only receives EUR 9 500 000 because transaction costs of EUR 500 000 have been incurred), the maximum amount shall be reported in the template as the transaction amount (EUR 10 000 000 in this example).
Indirect transactions shall be defined as any transaction shifting risk exposures either (i) between entities within the financial conglomerate (including transactions with special purpose vehicles, collective investment undertakings, ancillary entities or unregulated entities) or (ii) between entities outside the financial conglomerate (but where ultimately the risk exposure is brought back or stays within the financial conglomerate). Where there is a chain of related intra-group transactions (e.g. A invests in B and B invests in C), such transaction shall be reported as an indirect transaction. Therefore, A to C transactions shall be reported and the intermediary steps shall be mentioned in the comments. In the case of a cascade of transactions (e.g. from A to B to C to D sequentially, where both B and C are in the conglomerate but are unregulated entities), those transactions shall also be reported.
3.2. Instructions concerning specific positions
|
|
ITEM |
INSTRUCTIONS |
||||||||||||||||||||
|
FC0010 |
ID of intragroup transaction |
Unique internal identification code for each intragroup transaction. It shall be consistent over time. |
||||||||||||||||||||
|
FC0020 |
Investor/buyer name |
Name of the entity that is investing/buying the derivative, or of the counterparty with the long position. For swaps the payer is the payer of the fixed rate that receives the floating rate. |
||||||||||||||||||||
|
FC0030 |
Identification code of the investor/buyer |
The unique identification code attached to the investor/buyer/transferee by this order of priority if available:
Specific code:
|
||||||||||||||||||||
|
FC0031 |
Type of code of the investor/buyer |
Type of ID code used for the ‘Identification code of the investor/buyer’ item. Use either the legal entity identifier (LEI) or the specific code. |
||||||||||||||||||||
|
FC0040 |
Sector of the investor/buyer |
Where the investor/buyer is part of the financial sector within the meaning of Article 2(8) of Directive 2002/87/EC, indicate ‘banking sector’, ‘insurance sector’ or ‘investments services sector’. Where the investor/buyer is not part of the financial sector within the meaning of Article 2(8) of that Directive, indicate ‘other undertaking of the group’. |
||||||||||||||||||||
|
FC0050 |
Issuer/seller name |
Name of the entity that is issuing/selling the derivative or of the counterparty with the short position. For swaps the receiver receives the fixed rates and pays the floating rate. |
||||||||||||||||||||
|
FC0060 |
Identification code of the issuer/seller |
The unique identification code attached to the investor/buyer/transferee by this order of priority if available:
Specific code:
|
||||||||||||||||||||
|
FC0061 |
Type of code of the issuer/seller |
Type of ID code used for the ‘Identification code of the issuer/seller’ item. Use either the legal entity identifier (LEI) or the specific code. |
||||||||||||||||||||
|
FC0070 |
Financial sector of the issuer/seller |
Where the issuer/seller is part of the financial sector within the meaning of Article 2(8) of Directive 2002/87/EC, indicate ‘banking sector’, ‘insurance sector’ or ‘investments services sector’. Where the issuer/seller is not part of the financial sector within the meaning of Article 2(8) of that Directive, indicate ‘other undertaking of the group’. |
||||||||||||||||||||
|
FC0080 |
Indirect transactions |
Where the reported intra-group transaction is part of an indirect transaction (see point 2.1 ‘general remarks’ above), report the ‘ID of intra-group transaction’ (FC0010) of the related transaction in the cell. Where the reported intra-group transaction is not part of an indirect transaction, indicate ‘No’. |
||||||||||||||||||||
|
FC0090 |
Single economic operation |
Where the reported intra-group transaction is part of a single economic operation (see point 2.1 ‘general remarks’ above), report the ‘ID of intra-group transaction’ (FC0010) of the related transaction in the cell. Where the reported intra-group transaction is not part of a single economic operation, indicate ‘No’. |
||||||||||||||||||||
|
FC0100 |
ID code of the instrument |
This is the identification code of the instrument (capital, debt, etc.) between the two counterparties identified using the following priority:
This may be different from the intra-group transaction code provided in cell FC0010. |
||||||||||||||||||||
|
FC0101 |
ID code type of the instrument |
Type of ID code used for the ‘ID code of the instrument’ item. One of the options in the following closed list of codes shall be used:
|
||||||||||||||||||||
|
FC0110 |
Type of instrument |
Identify the transaction type. The following closed list of codes shall be used:
A repurchase agreement shall be considered as cash transaction plus forward contract. |
||||||||||||||||||||
|
FC0120 |
Type of protection |
Identify the transaction type. The following closed list of codes shall be used:
|
||||||||||||||||||||
|
FC0130 |
Purpose of the instrument |
Describe the use of the derivative (e.g. micro/macro hedge, efficient portfolio management). ‘Micro hedge’ refers to derivatives covering a single financial instrument, forecast transaction or liability. ‘Macro hedge’ refers to derivatives covering a set of financial instruments, forecast transactions or liabilities. The following closed list of codes shall be used:
|
||||||||||||||||||||
|
FC0140 |
Starting date |
Identify the ISO 8601 (yyyy-mm-dd) code of the date of the transaction/trade of the derivative contract. For rolled contracts, use the initial trade date. |
||||||||||||||||||||
|
FC0150 |
Maturity date |
Identify the ISO 8601 (yyyy-mm-dd) code of the contractually defined date of the close of the derivative contract - e.g. maturity date, expiring date for options (European or American), etc. |
||||||||||||||||||||
|
FC0160 |
Currency of transaction |
Identify the ISO 4217 alphabetic code of the currency in which the transaction took place. |
||||||||||||||||||||
|
FC0170 |
Notional amount |
The amount covered by or exposed to the derivative at the reporting date - i.e. the closing balance reported in the reporting currency of the group. For futures and options, the notional amount corresponds to the contract size multiplied by the number of contracts. For swaps and forwards, it corresponds to the contract amount. Where a transaction has matured/expired during the reporting period and before the reporting date, the notional amount at the reporting date shall be zero. |
||||||||||||||||||||
|
FC0180 |
Carrying amount |
The value of the derivative at the reporting date as reported in the balance sheet of the entity. Where a transaction has matured/expired during the reporting period and before the reporting date, the carrying amount at the reporting date shall be the maximum carrying amount of the derivatives before the maturity of the transaction. |
||||||||||||||||||||
|
FC0190 |
Value of collateral |
The value of the collateral pledged at the reporting date (zero if the derivative has been closed) if applicable. This shall be reported in the reporting currency of the financial conglomerate. Collateral arrangements between undertakings of the same sector shall be valued in accordance with the rules of this sector (e.g. intra-group transactions between two credit institutions within a financial conglomerate may be valued in accordance with Regulation (EU) No 575/2013). Collateral arrangements between undertakings from different sectors shall be valued in accordance with the sectoral rules of the consolidating entity (e.g. intra-group transactions between a credit institution which is the ultimate parent company and an insurance undertaking within a financial conglomerate would be valued according to Regulation (EU) No 575/2013). |
||||||||||||||||||||
|
FC0200 |
Identification code of the asset/liability underlying the derivative |
The ID code of the asset or liability underlying the derivative contract. This item shall be provided for derivatives that have a single underlying instrument or index in the undertaking’s portfolio. An index is considered a single instrument and shall be reported. Insert the identification code of the instrument underlying the derivative using the following priority:
Where the underlying asset or liability is an index then the code of the index shall be reported. |
||||||||||||||||||||
|
FC0201 |
Type of code asset/liability underlying the derivative |
Type of ID code used for the ‘Identification code asset/liability underlying the derivative’ item. One of the options in the following closed list of codes shall be used:
|
||||||||||||||||||||
|
FC0210 |
Counterparty name for which credit protection is purchased |
Name of the counterparty for which protection has been purchased for its default. |
||||||||||||||||||||
|
FC0220 |
Swap delivered interest rate (for buyer) |
Interest rate delivered under the swap contract (only for interest rate swaps). |
||||||||||||||||||||
|
FC0230 |
Swap received interest rate (for buyer) |
Interest rate received under the swap contract (only for interest rate swaps). |
||||||||||||||||||||
|
FC0240 |
Swap delivered currency (for buyer) |
Identify the ISO 4217 alphabetic code of the currency of the swap price (only for currency swaps). |
||||||||||||||||||||
|
FC0250 |
Swap received currency (for buyer) |
Identify the ISO 4217 alphabetic code of the currency of the swap notional amount (only for currency swaps). |
||||||||||||||||||||
|
FC0260 |
Revenues stemming from derivatives |
Net revenues stemming from the investment or the purchase of derivatives. In line with the IFRS-based P&L, both realised and unrealised results are expected here. The amounts shall be stated with their clean value (in line with Directive 2009/138/EC). Interest will be reported in FC.05 P&L. |
||||||||||||||||||||
|
FC0270 |
Comments |
Comments shall include:
|
4. FC.03 - IGT - Off-balance-sheet and contingent liabilities
4.1. General remarks
This part of the annex sets out additional instructions in relation to the templates provided in Annex I to this Regulation. The first column of the next table identifies the items to be reported by identifying the columns and lines as shown in the template in that Annex.
This part of the annex relates to the information that financial conglomerates are to provide at least once a year.
This template shall report all significant intra-group transactions between entities falling within the scope of financial conglomerate supervision as set out in Article 8(2) of Directive 2002/87/EC related to off-balance-sheet guarantees.
These include:
|
(a) |
off-balance-sheet guarantees; |
|
(b) |
undrawn credit facilities; |
|
(c) |
assets purchased under outright forward purchase agreements (currency or other); |
|
(d) |
asset sale and repurchase agreements as referred to in Article 12(3) and (5) of Directive 86/635/EEC; |
|
(e) |
contingent liabilities. |
Financial conglomerates shall complete this template for all significant intra-group transactions required to be reported, i.e. (i) between regulated entities of different sectors belonging to the same group; (ii) between regulated entities of the same sector belonging to the same group; (iii) between a regulated entity and a non-regulated entity belonging to the same group; and (iv) between a regulated entity and any natural or legal person linked to the undertakings of the group by close links.
This template shall include intra-group transactions that were:
|
(a) |
in force at the start of the reporting period; |
|
(b) |
initiated during the reporting period and outstanding at the reporting date; |
|
(c) |
initiated and expired/matured during the reporting period. |
Two or more transactions between entities of the group which, from an economic perspective (i) contribute to the same risk, (ii) serve the same purpose or (iii) are temporally connected in a plan, shall be considered as a single economic operation. All transactions which are part of a single economic operation shall be reported whenever those transactions are collectively at or above the corresponding threshold for significant intra-group transactions, even if they individually fall below the threshold. Any element added to significant intra-group transactions shall be reported as a separate intra-group transaction, even if the element in its own right falls below the significant threshold limit. For example, if an undertaking increases the initial loan amount to another related undertaking, the addition to the loan shall be recorded as a separate item with its issue date as the date of the addition.
Where the transaction value is different for two transacting parties (e.g. a EUR 10 000 000 transaction between A and B where A records EUR 10 000 000, but B only receives EUR 9 500 000 because transaction costs of EUR 500 000 have been incurred), the maximum amount shall be reported in the template as the transaction amount (EUR 10 000 000 in this example).
Indirect transactions shall be defined as any transaction shifting risk exposures either (i) between entities within the financial conglomerate (including transactions with special purpose vehicles, collective investment undertakings, ancillary entities or unregulated entities) or (ii) between entities outside the financial conglomerate (but where ultimately the risk exposure is brought back or stays within the financial conglomerate). Where there is a chain of related intra-group transactions (e.g. A invests in B and B invests in C), that transaction shall be reported as an indirect transaction. Therefore, A to C transactions shall be reported and the comments shall mention the intermediary steps. In the case of a cascade of transactions (e.g. from A to B to C to D sequentially, where both B and C are in the conglomerate but are unregulated entities), those transactions shall also be reported.
4.2. Instructions concerning specific positions
|
|
ITEM |
INSTRUCTIONS |
||||||||||||||||
|
FC0010 |
ID of intra-group transaction |
Unique internal identification code for each intra-group transaction. It shall be consistent over time. |
||||||||||||||||
|
FC0020 |
Provider name |
Name of the entity that is providing the off-balance-sheet guarantee. |
||||||||||||||||
|
FC0030 |
Identification code of the provider |
The unique identification code attached to the provider by this order of priority if available:
Specific code:
|
||||||||||||||||
|
FC0031 |
Type of code of the provider |
Type of ID code used for the ‘Identification code of the provider’ item. Use either the legal entity identifier (LEI) or the specific code. |
||||||||||||||||
|
FC0040 |
Financial sector of the provider |
Where the provider is part of the financial sector within the meaning of Article 2(8) of Directive 2002/87/EC, indicate ‘banking sector’, ‘insurance sector’ or ‘investments services sector’. Where the provider is not part of the financial sector within the meaning of Article 2(8) of that Directive indicate ‘other undertaking of the group’. |
||||||||||||||||
|
FC0050 |
Beneficiary name |
Name of the entity that is benefiting from the off-balance-sheet guarantee. |
||||||||||||||||
|
FC0060 |
Identification code of the beneficiary |
The unique identification code attached to the beneficiary by this order of priority if available:
Specific code:
|
||||||||||||||||
|
FC0061 |
Type of code of the beneficiary |
Type of ID code used for the ‘Identification code of the beneficiary’ item. Use either the legal entity identifier (LEI) or the specific code. |
||||||||||||||||
|
FC0070 |
Financial sector of the beneficiary |
Where the beneficiary is part of the financial sector within the meaning of Article 2(8) of Directive 2002/87/EC, indicate ‘banking sector’, ‘insurance sector’ or ‘investments services sector’. Where the beneficiary is not part of the financial sector within the meaning of Article 2(8) of that Directive, indicate ‘other undertaking of the group’. |
||||||||||||||||
|
FC0080 |
Indirect transactions |
Where the reported intra-group transaction is part of an indirect transaction (see point 2.1 ‘general remarks’ above), report the ‘ID of intra-group transaction’ (FC0010) of the related transaction in this cell. Where the reported intra-group transaction is not part of an indirect transaction, indicate ‘No’. |
||||||||||||||||
|
FC0090 |
Single economic operation |
Where the reported intra-group transaction is part of a single economic operation (see point 2.1 ‘general remarks’ above), report the ‘ID of intra-group transaction’ (FC0010) of the related transaction in this cell. Where the reported intra-group transaction is not part of a single economic operation, indicate ‘No’. |
||||||||||||||||
|
FC0100 |
Transaction type |
Identify the type of transaction. The following closed list of codes shall be used:
|
||||||||||||||||
|
FC0110 |
Transaction/issue date |
Identify the ISO 8601 (yyyy-mm-dd) code of the date when the transaction/issue takes effect. |
||||||||||||||||
|
FC0120 |
Expiry date of agreement/contract underlying transaction |
Where applicable, identify the ISO 8601 (yyyy-mm-dd) code of the date when the agreement/contract ends. If the expiry date is perpetual, use ‘9999-12-31’. |
||||||||||||||||
|
FC0130 |
Currency of transaction |
Identify the ISO 4217 alphabetic code of the currency in which the transaction took place. If there are two currencies involved, please identify both in cell FC0200. |
||||||||||||||||
|
FC0140 |
Trigger event |
Where applicable, give a brief description of the event that would trigger the transaction/payment/liability (e.g. an event that would trigger a contingent liability). |
||||||||||||||||
|
FC0150 |
Value of transaction at starting date |
Value of the transaction or collateral pledged. This item shall be reported in the reporting currency of the group. |
||||||||||||||||
|
FC0160 |
Value of transaction at reporting date |
Value of the transaction, collateral pledged. This item shall be reported in the reporting currency of the group. |
||||||||||||||||
|
FC0170 |
Maximum possible value of contingent liabilities |
Maximum possible value of contingent liabilities, if available, regardless of their probability (i.e. the future cash flows required to settle the contingent liability over the lifetime of that contingent liability and discounted under the relevant risk-free interest rate term structure) of contingent liabilities included in the financial conglomerate’s balance sheet. The sum of all possible cash flows if events were to trigger the guarantees provided by the ‘provider’ (cell FC0020) to the ‘beneficiary’ (Cell FC0050) to cover the payment of the liabilities due from the undertaking (includes letter of credit, undrawn committed borrowing facilities). This item shall not include amounts already reported under FC0150 and FC0160. |
||||||||||||||||
|
FC0180 |
Value of guaranteed assets |
Value of the guaranteed asset for which the guarantees are received. Sectoral valuation principles may be relevant in this case. |
||||||||||||||||
|
FC0190 |
Revenues stemming from the off-balance-sheet items |
Revenues associated with the provisions of the off-balance-sheet transactions. |
||||||||||||||||
|
FC0200 |
Comments |
Comments shall include:
|
5. FC.04 - IGT - Insurance and reinsurance
5.1. General remarks
This part of the annex sets out additional instructions for the templates provided in Annex I to this Regulation. The first column of the next table identifies the items to be reported by identifying the columns and lines as shown in the template in that Annex.
This part of the annex relates to information that financial conglomerates are to provide at least once a year.
This template shall report all significant intra-group transactions between entities falling within the scope of financial conglomerate supervision according to Article 8(2) of Directive 2002/87/EC related to internal insurance and reinsurance within the group.
These include but are not limited to:
|
(a) |
insurance contracts of entities falling within the scope of the group with insurance companies falling within the scope of the group; |
|
(b) |
reinsurance treaties between related undertakings of a group; |
|
(c) |
facultative reinsurance between related undertakings of a group; |
|
(d) |
any other transaction that results in transferring underwriting risk (insurance risk) between related undertakings of a group. |
Financial conglomerates shall complete this template for all significant intra-group transactions required to be reported, i.e. (i) between regulated entities of different sectors belonging to the same group; (ii) between regulated entities of the same sector belonging to the same group; (iii) between a regulated entity and a non-regulated entity belonging to the same group; and (iv) between a regulated entity and any natural or legal person linked to the undertakings of the group by close links.
This template shall include IGTs that were:
|
(a) |
in force at the start of the reporting period; |
|
(b) |
initiated during the reporting period and outstanding at the reporting date; |
|
(c) |
initiated and expired/matured during the reporting period. |
Two or more transactions between entities of the group which, from an economic perspective (i) contribute to the same risk, (ii) serve the same purpose or (iii) are temporally connected in a plan, shall be considered a single economic operation. All transactions which are part of a single economic operation shall be reported whenever they are collectively at or above the corresponding threshold for significant intra-group transactions, even if they individually fall below the threshold.
Any element added to significant intra-group transactions shall be reported as a separate intra-group transaction, even if the element in its own right falls below the significant threshold limit. For example, if an undertaking increases the initial loan amount to another related undertaking, the addition to the loan shall be recorded as a separate item with its issue date as the date of the addition.
Where the transaction value is different for two transacting parties (e.g. a EUR 10 000 000 transaction between A and B where A records EUR 10 000 000, but B only receives EUR 9 500 000 because transaction costs of EUR 500 000 have been incurred), the maximum amount shall be reported in the template as the transaction amount (EUR 10 000 000 in this example). Indirect transactions shall be defined as any transaction shifting risk exposures either (i) between entities within the financial conglomerate (including transactions with special purpose vehicles, collective investment undertakings, ancillary entities or unregulated entities) or (ii) between entities outside the financial conglomerate (but where ultimately the risk exposure is brought back or stays within the financial conglomerate). Where there is a chain of related intra-group transactions (e.g. A invests in B and B invests in C), this transaction shall be reported as an indirect transaction. Therefore, A to C transaction shall be reported and the comments shall mention the intermediary steps. In the case of a cascade of transactions (e.g. from A to B to C to D sequentially, where both B and C are in the conglomerate but are unregulated entities), those transactions shall also be reported.
5.2. Instructions concerning specific positions
|
|
ITEM |
INSTRUCTIONS |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0010 |
ID of intra-group transaction |
Unique internal identification code for each intra-group transaction. It shall be consistent over time. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0020 |
Insured party/cedent name |
Legal name of the entity that has transferred the underwriting risk to another insurer or reinsurer within the group. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0030 |
Identification code for insured party/cedent |
The unique identification code attached to the investor/buyer/transferee by this order of priority if available:
Specific code:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0031 |
Type of code for insured party/cedent |
Type of ID code used for the ‘Identification code for insured party/cedent’ item. Use either the legal entity identifier (LEI) or the specific code. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0040 |
Sector of the insured party/cedent |
Where the insured party or cedent is part of the financial sector within the meaning of Article 2(8) of Directive 2002/87/EC, indicate ‘banking sector’, ‘insurance sector’ or ‘investments services sector’. Where the insured party or cedent is not part of the financial sector within the meaning of Article 2(8) of that Directive, indicate ‘other undertaking of the group’. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0050 |
Insurer/reinsurer name |
Legal name of the insurer or reinsurer to whom the underwriting risk has been transferred. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0060 |
Identification code of insurer/reinsurer |
The unique identification code attached to the investor/buyer/transferee by this order of priority if available:
Specific code:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0061 |
Type of code of insurer/reinsurer |
Type of ID code used for the ‘Identification code of insurer/reinsurer’ item. Use either the legal entity identifier (LEI) or the specific code. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0070 |
Sector of the insurer/reinsurer |
The financial sector of the provider within the meaning of Article 2(8) of Directive 2002/87/EC, i.e. ‘insurance sector’. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0080 |
Indirect transactions |
Where the reported intra-group transaction is part of an indirect transaction (see point 2.1 ‘general remarks’ above), report the ‘ID of intra-group transaction’ (FC0010) of the related transaction in this cell. Where the reported intra-group transaction is not part of an indirect transaction, indicate ‘No’. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0090 |
Single economic operation |
Where the reported intra-group transaction is part of a single economic operation (see point 2.1 ‘general remarks’ above), report the ‘ID of intra-group transaction’ (FC0010) of the related transaction in this cell. Where the reported intra-group transaction is not part of a single economic operation, indicate ‘No’. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0100 |
Type of transaction |
Identify the type of contract/treaty. The following closed list of codes shall be used:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0110 |
Transaction |
If C100 = reinsurance, then identify the type of reinsurance contract/treaty. The following closed list of codes shall be used:
Other proportional treaties (code 13) and other non-proportional treaties (code 14) can be used for hybrid types of reinsurance treaties. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0120 |
Starting date |
Identify the ISO 8601 (yyyy-mm-dd) code of the date of commencement of the reinsurance contract/treaty in question. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0130 |
Expiry date |
Identify the ISO 8601 (yyyy-mm-dd) code of the expiry date of the reinsurance contract/treaty in question (i.e. the last date that the reinsurance contract/treaty in question is in force). This item is not reported if there is no expiry date (for example, the contract is open-ended and only ends when one of the parties gives notice to that effect). |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0140 |
Currency of transaction |
Identify the ISO 4217 alphabetic code of the currency of payments for the specific reinsurance contract/treaty. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0150 |
Maximum cover by transaction |
For quota share or a surplus treaty, 100% of the maximum amount that has been set for the entire contract/treaty is stated here (e.g. EUR 10 000 000 ). In the case of unlimited cover, insert ‘-1’ here. This item has to be reported in the currency of the transaction. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0160 |
Net receivables |
The amount resulting from the sum of (i) claims paid by the (re)insurer but not yet reimbursed by the (re)insurer; (ii) commission to be paid by the (re)insurer; and (iii) other receivables minus debts to the (re)insurer. Cash deposits are excluded and are to be considered as guarantees received. This item has to be reported in the reporting currency of the group. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0170 |
Total reinsurance recoverables |
The total amount due from the reinsurer at the reporting date. This includes:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0180 |
Reinsurance technical result (for reinsurance) |
Reinsurance result (for reinsured entity). This is the total reinsurance commission received by the reinsured entity less the gross reinsurance premiums paid by reinsured entity plus the claims paid by the reinsurer during the reporting period plus the total reinsurance recoverables at the end of the reporting period less the total reinsurance recoverables at the start of the reporting period. This item has to be reported in the reporting currency of the group. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0190 |
Premiums (for insurance) |
Total amount of gross written premiums as defined in Article 1(11) of Delegated Regulation (EU) 2015/35. For annuities stemming from non-life insurance this cell is not applicable. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0200 |
Claims (for insurance) |
Total amount of gross claims paid during the year (including claims management expenses). |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0210 |
Line of business |
Identify the line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, being reinsured. The following closed list of codes shall be used:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
FC0220 |
Comments |
Comments shall contain:
|
6. FC.05 - IGT - P & L
6.1. General remarks
This annex sets out additional instructions in relation to the templates provided in Annex I to this Regulation. The first column of the next table identifies the items to be reported by identifying the columns and lines as shown in the template in that Annex.
This part of the annex relates to information that financial conglomerates are to provide at least once a year.
This template shall report the P&L related to all significant intra-group transactions between entities falling within the scope of financial conglomerate supervision according to Article 8(2) of Directive 2002/87/EC or P&L transaction related to or considered as significant intra-group transactions. These include but are not limited to:
|
(a) |
fees; |
|
(b) |
commissions; |
|
(c) |
interest; |
|
(d) |
dividends. |
Intra-group outsourcing or internal cost-sharing leading to significant intra-group transactions shall be reported.
Although interest and dividends are reported in FC.01 and FC.04, they also have to be reported in FC.05 P&L. Financial conglomerates shall complete this template for all significant intra-group transactions required to be reported, i.e. (i) between regulated entities of different sectors belonging to the same group; (ii) between regulated entities of the same sector belonging to the same group; (iii) between a regulated entity and a non-regulated entity belonging to the same group; and (iv) between a regulated entity and any natural or legal person linked to the undertakings of the group by close links.
This template shall include intra-group transactions that were:
|
— |
in force at the start of the reporting period; |
|
— |
initiated during the reporting period and outstanding at the reporting date; |
|
— |
initiated and expired/matured during the reporting period. |
Two or more transactions between entities of the group which, from an economic perspective, (i) contribute to the same risk, (ii) serve the same purpose or (iii) are temporally connected in a plan, shall be considered a single economic operation.
All transactions which are part of a single economic operation shall be reported whenever they are collectively at or above the corresponding threshold for significant intra-group transactions, even if they individually fall below the threshold.
Any element added to significant intra-group transactions shall be reported as a separate intra-group transaction, even if the element in its own right falls below the significant threshold limit. For example, if an undertaking increases the initial loan amount to another related undertaking, the addition to the loan shall be recorded as a separate item with its issue date as the date of the addition.
Where the transaction value is different for two transacting parties (e.g. a EUR 10 000 000 transaction between A and B where A records EUR 10 000 000, but B only receives EUR 9 500 000 because transaction costs of EUR 500 000 have been incurred), the maximum amount shall be reported in the template as the transaction amount (EUR 10 000 000 in this example). Indirect transactions shall be defined as any transaction shifting risk exposures either (i) between entities within the financial conglomerate (including transactions with special purpose vehicles, collective investment undertakings, ancillary entities or unregulated entities) or (ii) between entities outside the financial conglomerate (but where ultimately the risk exposure is brought back or stays within the financial conglomerate). Where there is a chain of related intra-group transactions (e.g. A invests in B and B invests in C), this transaction shall be reported as an indirect transaction. Therefore, A to C transaction shall be reported and the comments shall mention the intermediary steps. In the case of a cascade of transactions (e.g. from A to B to C to D sequentially, where both B and C are in the conglomerate but are unregulated entities), those transactions shall also be reported.
6.2. Instructions concerning specific positions
|
|
ITEM |
INSTRUCTIONS |
||||||||||||||||||
|
FC0010 |
ID of intra-group transaction |
Unique internal identification code for each intra-group transaction. It shall be consistent over time. If related to transactions already mentioned, use the same ID. |
||||||||||||||||||
|
FC0020 |
Revenue side name |
Legal name of the entity that received the revenue from another entity within the group. |
||||||||||||||||||
|
FC0030 |
Identification code for revenue side |
The unique identification code attached to the entity that received the revenue by this order of priority if available:
Specific code:
|
||||||||||||||||||
|
FC0031 |
Type of code for revenue side |
Type of ID code used for the ‘Identification code for revenue side’ item. Use either the legal entity identifier (LEI) or the specific code. |
||||||||||||||||||
|
FC0040 |
Sector of the revenue side |
Where the entity that received the revenue from another entity within the group is part of the financial sector within the meaning of Article 2(8) of Directive 2002/87/EC, indicate ‘banking sector’, ‘insurance sector’ or ‘investments services sector’. Where the entity that received the revenue from another entity within the group is not part of the financial sector within the meaning of Article 2(8) of that Directive, indicate ‘other undertaking of the group’. |
||||||||||||||||||
|
FC0050 |
Expense side name |
Legal name of the entity that provided the revenue to another entity within the group. |
||||||||||||||||||
|
FC0060 |
Identification code for expense side |
The unique identification code attached to the entity that provided the revenue by this order of priority if available:
Specific code:
|
||||||||||||||||||
|
FC0061 |
Type of code for expense side |
Type of ID code used for the ‘Identification code for expense side’ item. Use either the legal entity identifier (LEI) or the specific code. |
||||||||||||||||||
|
FC0070 |
Sector of the expense side |
Where the entity that provided the revenue to another entity within the group is part of the financial sector within the meaning of Article 2(8) of Directive 2002/87/EC, indicate ‘banking sector’, ‘insurance sector’ or ‘investments services sector’. Where the entity that provided the revenue to another entity within the group is not part of the financial sector within the meaning of Article 2(8) of that Directive, indicate ‘other undertaking of the group’. |
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FC0080 |
Indirect transactions |
Where the reported intra-group transaction is part of an indirect transaction (see point 2.1 ‘general remarks’ above), report the ‘ID of intra-group transaction’ (FC0010) of the related transaction in this cell. Where the reported intra-group transaction is not part of an indirect transaction, indicate ‘No’. |
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FC0090 |
Single economic operation |
Where the reported intra-group transaction is part of a single economic operation (see point 2.1 ‘general remarks’ above), report the ‘ID of intra-group transaction’ (FC0010) of the related transaction in this cell. Where the reported intra-group transaction is not part of a single economic operation, indicate ‘No’. |
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FC0100 |
Type of transaction |
Identify the type of the P&L transaction. The following closed list of codes shall be used:
|
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FC0110 |
Transaction |
When applicable, instrument to which the revenue or the expense are linked. The following closed list of codes shall be used:
|
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FC0120 |
Currency of transaction |
Identify the ISO 4217 alphabetic code of the currency of payments for the specific P&L transaction. |
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FC0130 |
Transaction date |
Identify the ISO 8601 (yyyy-mm-dd) code of the date of commencement of the P&L transaction. |
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FC0140 |
Amount |
Amount of the transaction or price as per agreement/contract, reported in the reporting currency of the financial conglomerate. |
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FC0150 |
Comments |
Comments shall contain:
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7. FC.06 Risk Concentration - Exposure by counterparties
7.1. General remarks
This annex sets out additional instructions in relation to the templates provided in Annex I to this Regulation. The first column of the next table identifies the items that shall be reported by identifying the columns and lines as shown in the template in that Annex.
This template shall include all significant risk concentrations between entities falling within the scope of group supervision and third parties, and which can arise from the risk exposures mentioned in the template.
The aim is to list the significant exposures (value of the exposures in each kind of instrument listed in the template) by individual counterparty outside the scope of the financial conglomerate. If more than one entity of the financial conglomerate is involved, a separate line is necessary for each entity.
The exposure can be understood as the maximum possible exposure on a contractual basis. It is necessarily the exposure reflected on the balance sheet, on both gross basis and net basis taking into account any risk mitigation instruments or techniques. Thresholds are fixed by the coordinator after consulting the group itself.
For reporting purposes the terms ‘group of connected counterparties’ and ‘group of counterparties’ are deemed to be equivalent to ‘group of connected clients’ according to Article 4(1), point (39), of Regulation (EU) No 575/2013.
Data are to be reported by legal entity.
Data are to be provided in accordance with the sectoral rules.
7.2. Instructions concerning specific positions
|
|
ITEM |
INSTRUCTIONS |
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|
FC0010 |
Name of the external counterparty |
This is the name of the external counterparty of the financial conglomerate. |
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FC0020 |
Identification code of the external counterparty |
The unique identification code attached to the investor/buyer/transferee by this order of priority if available:
Specific code:
|
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|
FC0030 |
ID code type of the external counterparty |
Type of ID code used for the ‘Identification code of the external counterparty’ item. Use either the legal entity identifier (LEI) or the specific code. |
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|
FC0040 |
Name of the group (in case of group of counterparties) |
Name of the group (if more than one of the external counterparties belong to the same group). |
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|
FC0050 |
Rating |
Rating of the counterparty at the reporting reference date issued by the nominated credit assessment institution (ECAI). Where two or more credit assessments are available from nominated ECAIs and they correspond to different parameters for a rated item, the assessment generating the higher capital requirement shall be used. |
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|
FC0051 |
Nominated ECAI |
Identify the credit assessment institution (ECAI), giving the external rating in FC0050. |
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FC0060 |
Sector |
Identify the economic sector of the external counterparty on the basis of the latest version of the NACE code (the first level of hierarchy - the letter). |
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|
FC0070 |
Country |
Identify the ISO Code (3166-1 alpha-2) of the country from which the exposure comes from. If there is an issuer issuing an instrument for an entity, this is the country where the headquarters of the entity’s issuer is located. |
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|
FC0080 |
Entity of the financial conglomerate |
The name of the entity of the conglomerate related to the exposures. This concerns all entities and a separate entry has to be reported for each entity. If more than one entity of the conglomerate is involved, a separate line is necessary for each entity. |
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|
FC0090 |
ID code of the entity of the financial conglomerate |
The unique identification code attached to the entity of the conglomerate by this order of priority if available:
Specific code:
|
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|
FC0100 |
ID code type of the entity of the financial conglomerate |
Type of ID code used for the ‘Identification code of the entity of the financial conglomerate’ item. Use either the legal entity identifier (LEI) or the specific code. |
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|
FC0110 |
Equity |
The total amount of the exposures in equity instruments toward the external counterparty. If more than one entity of the group is involved, a separate line is necessary for each entity. |
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|
FC0120 |
Bonds |
The total amount of the exposures in bond instruments toward the external counterparty. If more than one entity of the group is involved, a separate line is necessary for each entity. The exposures for which the exemptions are applicable (FC0260) shall be included in this cell. |
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|
FC0130 |
Assets whose risks are mainly borne by the policyholders |
The total amount of exposures in assets whose risks are mainly borne by the policyholders toward the external counterparty. If more than one entity of the group is involved, a separate line is necessary for each entity. Look-through approach shall be used when available. |
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|
FC0140 |
Derivatives |
The total amount of the exposures in derivatives toward the external counterparty. If more than one entity of the group is involved, a separate line is necessary for each entity. The derivatives shall be reported at their replacement cost. The replacement cost shall be consistent with the one used under sectoral rules. If different exposures can be offset against each other, the data may be provided in net values (i.e. long exposure + short exposure). |
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|
FC0150 |
Other investments |
The total amount of the exposures in other investments toward the external counterparty. If more than one entity of the group is involved, a separate line is necessary for each entity. |
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|
FC0160 |
Loans and mortgages |
The total amount of the exposures in loans and mortgages toward the external counterparty. If more than one entity of the group is involved, a separate line is necessary for each entity. |
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|
FC0170 |
Guarantees and commitments |
The total amount of the exposures (i.e. the maximum actual exposure depending on the liability of the entity) in guarantees and commitments (including unpaid tranches of loans) toward the external counterparty. If more than one entity of the group is involved, a separate line is necessary for each entity. Guarantees issued by the entities of conglomerate shall be reported in this column, while guarantees where the financial conglomerate entities are beneficiaries shall be reported as credit or insurance risk mitigation deduction (FC0260) and in the indirect exposures cell (FC0220). |
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|
FC0180 |
Insurance policies |
The total amount of the exposure in the insurance policies (liability limit or sum insured depending on which one represents the maximum possible exposure). |
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|
FC0190 |
External reinsurance |
The total amount of the exposures in external reinsurance toward the external counterparty. In accordance with sectoral rules, the amount reported is to be reinsurance recoverable. If more than one entity of the group is involved, a separate line is necessary for each entity. |
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|
FC0200 |
Other direct exposures |
The total amount of the exposures in other instruments toward the external counterparty. If more than one entity of the group is involved, a separate line is necessary for each entity. If compensation is a possibility, the net value may be presented. |
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|
FC0210 |
Description of others |
Description of the other instruments that are reported in FC0200. |
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|
FC0220 |
Indirect exposures |
Total amount of the exposures allocated to the guarantor or to the issuer of the collateral rather than to the immediate borrower. The protected reference original exposure (direct exposure) shall be deducted from the exposure to the original borrower in the columns of ‘Eligible credit or insurance risk mitigation techniques’. The indirect exposure shall increase the exposure to the guarantor or issuer of collateral using the substitution effect. |
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|
FC0230 |
Transactions where there is an exposure to underlying assets |
Total amount of exposure through transactions such as securitisation positions or exposures in the form of units or shares in collective investment undertakings (‘CIUs’) or through other transactions where there is an exposure to underlying assets. |
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|
FC0240 |
Currency |
Identify the ISO 4217 alphabetic code of the currency of the exposure. |
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|
FC0250 |
Total amount of the exposure |
Total exposure towards a single counterparty, where the asset and liabilities due from and to a single counterparty are netted off to define the total net maximum exposure (where possible). The total exposure measures the exposure towards a single counterparty and is defined as: long exposure + short exposure (contrary to a gross maximum exposure which is not requested here (i.e. long exposure + absolute value of short exposure)). No account shall be taken of any risk mitigation instruments or techniques when determining this item. |
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|
FC0260 |
Credit or insurance risk mitigation technique |
Any deductions that come from the application of credit or insurance risk mitigation techniques allowed by the sectoral rules (e.g. reinsurance, the use of derivatives, or those risk mitigation techniques detailed by Chapter 4 of Regulation EU No 575/2013). |
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|
FC0270 |
Exemptions |
Any deductions that come from the application of exemptions according to the sectoral rules (e.g. Article 400 of Regulation (EU) No 575/2013 or Article 187 of Commission Delegated Regulation (EU) 2015/35). |
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|
FC0280 |
Amount of the exposures after credit or insurance risk mitigation technique and exemptions |
Amount of the exposures after credit or insurance risk mitigation technique and exemptions (net amount). |
8. FC.07 Risk Concentration - Exposure by currency, sector, country
The tables shall include the risk concentration between entities in the scope of group supervision and third parties. Exposures are to be represented by currency, sector and country, starting from the maximum exposure to the minimum one. If the country, sector or currency is not relevant, the figures may be reported under an ‘Other’ category.
The ‘sector’ shall present the split between the following sectors:
|
— |
public sector |
|
— |
financial sector |
|
— |
corporate sector divided by the NACE code (the first level of hierarchy - the letter). |
The tables shall be based on all the exposures (full balance sheet) after credit or insurance risk mitigation technique and exemptions (net amount).
9. FC.08 Risk Concentration - Exposure by asset class and rating
The tables shall include the risk concentration between entities in the scope of group supervision and third parties represented by the combination of the main asset classes and rating. For bonds the tables are presented by the combination of asset class and rating. For equity exposure, the total exposure amount and the equity exposures’ share of total assets (full balance sheet) shall be reported.
The table shall be based on all the exposures within the specified asset classes, after credit or insurance risk mitigation technique and exemptions (net amount).
Where two or more credit assessments are available from nominated ECAIs and they correspond to different parameters for a rated item, the assessment generating the higher capital requirement shall be used.
(1) Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1).
(2) Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (OJ L 173, 12.6.2014, p. 349).
(3) As set out in Article 223 of Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the takin-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (OJ L 335, 17.12.2009, p. 1).