LegalizeCommission Implementing Regulation (EU) 2021/763 of 23 April 2021 laying down implementing technical standards for the application of Regulation (EU) No 575/2013 of the European Parliament and of the Council and Directive 2014/59/EU of the European Parliament and of the Council with regard to the supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities (Text with EEA relevance)
TITLE I SUPERVISORY REPORTING
Article 1
Reporting reference dates
Entities subject to reporting requirements for the total loss-absorbing capacity (TLAC) and the minimum requirement for own funds and eligible liabilities (MREL) on an individual or consolidated basis (reporting entities) shall submit information to competent authorities and to resolution authorities as it stands on the following reporting reference dates:
- (a) for quarterly reporting: 31 March, 30 June, 30 September and 31 December;
- (b) for semi-annual reporting: 30 June and 31 December;
- (c) for annual reporting: 31 December.
Article 2
Remittance dates
Reporting entities shall submit information to competent authorities and to resolution authorities by close of business of the following remittance dates:
- (a) for quarterly reporting: 19 May, 18 August, 18 November and 18 February, with the exception of data relating to the reference date 30 June 2021, for which the remittance date shall be 30 September 2021 at the latest;
- (b) for semi-annual reporting: 18 August and 18 February;
- (c) for annual reporting: 18 February.
Where the remittance day is a public holiday in the Member State of the competent authority or of the resolution authority to which the information referred to in paragraph 1 is to be submitted, or a Saturday or a Sunday, that information shall be submitted by close of business of the following working day.
Reporting entities may submit figures that have not received an external auditor’s opinion (unaudited figures). Where figures audited by an external auditor expressing an audit opinion (audited figures) deviate from submitted unaudited figures, reporting entities shall submit the revised, audited figures without undue delay.
Reporting entities shall submit any other corrections to competent authorities and to resolution authorities without undue delay.
Article 3
Format and frequency of reporting by resolution entities on an individual basis
Resolution entities without subsidiaries subject to the requirements set out in Article 45 of Directive 2014/59/EU in accordance with Article 45e of that Directive shall submit to competent authorities and to resolution authorities information on an individual basis as follows:
- (a) information on key metrics as specified in column 0010 of template 1 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 1 of Part II of Annex II to this Regulation;
- (b) information on the composition of the own funds and eligible liabilities as specified in column 0010 of template 2 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 2.1 of Part II of Annex II to this Regulation;
- (c) information on the funding structure of eligible liabilities as specified in template 4 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 2.3 of Part II of Annex II to this Regulation;
- (d) information on instruments governed by third-country law, as specified in template 7 of Annex I to this Regulation, shall be reported with a quarterly frequency in accordance with the instructions in point 4 of Part II of Annex II to this Regulation.
Resolution entities shall submit to competent authorities and to resolution authorities information on the breakdown of the own funds and liabilities by insolvency rank as specified in template 6 of Annex I on an individual basis with a quarterly frequency in accordance with the instructions in point 3.2 of Part II of Annex II.
In addition to the information referred to in paragraphs 1 and 2, resolution entities subject to the requirement set out in Article 92a of Regulation (EU) No 575/2013 on an individual basis in accordance with Article 6(1a) of that Regulation shall submit to resolution authorities and to competent authorities information on an individual basis as follows:
- (a) information on key metrics as specified in column 0020 of template 1 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 1 of Part II of Annex II to this Regulation;
- (b) information on the composition of the own funds and eligible liabilities as specified in columns 0020 and 0030 of template 2 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 2.1 of Part II of Annex II to this Regulation.
Article 4
Format and frequency of reporting by resolution entities on a consolidated basis
Resolution entities subject to the requirements set out in Article 45 of Directive 2014/59/EU on a consolidated basis in accordance with Article 45e of that Directive shall submit to competent authorities and to resolution authorities information on a consolidated basis as follows:
- (a) information on key metrics as specified in column 0010 of template 1 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 1 of Part II of Annex II to this Regulation;
- (b) information on the composition of the own funds and eligible liabilities as specified in column 0010 of template 2 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 2.1 of Part II of Annex II to this Regulation;
- (c) information on the funding structure of eligible liabilities as specified in template 4 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 2.3 of Part II of Annex II to this Regulation;
- (d) information on instruments governed by third-country law as specified in template 7 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 4 of Part II of Annex II to this Regulation.
In addition to the information referred to in paragraph 1, resolution entities subject to the requirement set out in Article 92a of Regulation (EU) No 575/2013 on a consolidated basis in accordance with Article 11(3a) of that Regulation shall submit to competent authorities and to resolution authorities information on a consolidated basis as follows:
- (a) information on key metrics as specified in column 0020 of template 1 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 1 of Part II of Annex II to this Regulation;
- (b) information on the composition of the own funds and eligible liabilities as specified in columns 0020 and 0030 of template 2 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 2.1 of Part II of Annex II to this Regulation.
Article 5
Format and frequency of reporting on an individual basis by entities that are not themselves resolution entities and by material subsidiaries of non-EU global systemically important institutions
Entities that are not themselves resolution entities and are subject to the requirements set out in Article 45 of Directive 2014/59/EU on an individual basis in accordance with Article 45f of that Directive shall submit to competent authorities and to resolution authorities information on an individual basis as follows:
- (a) information on the amount and composition of the own funds and eligible liabilities as specified in column 0010 of template 3 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 2.2 of Part II of Annex II to this Regulation;
- (b) information on the funding structure of eligible liabilities as specified in template 4 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 2.3 of Part II of Annex II to this Regulation;
- (c) information on instruments governed by third-country law, as specified in template 7 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 4 of Part II of Annex II to this Regulation.
Entities that are not themselves resolution entities shall submit to competent authorities and to resolution authorities information on the breakdown of the own funds and liabilities by insolvency rank as specified in template 5 of Annex I on an individual basis with a quarterly frequency in accordance with the instructions in point 3.1 of Part II of Annex II.
In addition to the information referred to in paragraphs 1 and 2, entities that are material subsidiaries of non-EU global systemically important institutions (G-SIIs) and are subject to the requirement set out in Article 92b of Regulation (EU) No 575/2013 on an individual basis in accordance with Article 6(1a) of that Regulation shall submit to competent authorities and to resolution authorities information on the amount and composition of the own funds and eligible liabilities as specified in column 0020 of template 3 of Annex I to this Regulation on an individual basis with a quarterly frequency in accordance with the instructions in point 2.2 of Part II of Annex II to this Regulation.
Article 6
Format and frequency of reporting on a consolidated basis by entities that are not themselves resolution entities and by material subsidiaries of non-EU global systemically important institutions
Entities that are not themselves resolution entities and that are subject to the requirements set out in Article 45 of Directive 2014/59/EU on a consolidated basis in accordance with Article 45f of that Directive shall submit to competent authorities and to resolution authorities information on a consolidated basis as follows:
- (a) information on the amount and composition of own funds and eligible liabilities as specified in column 0010 of template 3 of Annex I to this Regulation shall be reported in accordance with the instructions in point 2.2 of Part II of Annex II to this Regulation with a quarterly frequency;
- (b) information on the funding structure of eligible liabilities as specified in template 4 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 2.3 of Part II of Annex II to this Regulation;
- (c) information on instruments governed by third-country law, as specified in template 7 of Annex I to this Regulation, shall be reported with a quarterly frequency in accordance with the instructions in point 4 of Part II of Annex II to this Regulation.
In addition to the information referred to in paragraph 1, entities that are material subsidiaries of non-EU G-SIIs and are subject to the requirement set out in Article 92b of Regulation (EU) No 575/2013 on a consolidated basis in accordance with Article 11(3a) of that Regulation shall submit to competent authorities and to resolution authorities information on the amount and composition of own funds and eligible liabilities as specified in column 0020 of template 3 of Annex I to this Regulation on a consolidated basis with a quarterly frequency in accordance with the instructions in point 2.2 of Part II of Annex II to this Regulation.
Article 7
Data exchange formats and information associated with submissions
Reporting entities shall submit information in accordance with this Regulation in the data exchange formats and representations specified by their competent authorities or resolution authorities, and in accordance with the data point definitions included in the data point model and the validation rules laid down in Annex III to this Regulation.
When submitting information in accordance with this Regulation, reporting entities shall observe the following:
- (a) information that is not required or not applicable shall not be included in a data submission;
- (b) numerical values shall be submitted as follows:
- (i) data points of the data type ‘Monetary’ shall be reported using a minimum precision equivalent to thousands of units;
- (ii) data points of the data type ‘Percentage’ shall be expressed as per unit with a minimum precision equivalent to four decimals;
- (iii) data points of the data type ‘Integer’ shall be reported using no decimals and a precision equivalent to units;
- (c) institutions shall be identified solely by their Legal Entity Identifier (LEI). Legal entities and counterparties other than institutions shall be identified by their LEI, where available.
Information submitted by reporting entities in accordance with this Regulation shall be accompanied by the following information:
- (a) reporting reference date and reference period;
- (b) reporting currency;
- (c) accounting standard;
- (d) LEI of the reporting institution;
- (e) scope of consolidation.
Article 8
Standardised presentation of insolvency rankings
Resolution authorities shall compile information on the ranking of items in their national insolvency proceedings in the standardised format specified in Annex IV. They shall update that information when changes occur without undue delay.
Resolution authorities shall publish the information referred to in paragraph 1 in order to make it available to institutions subject to their supervision.
TITLE II PUBLIC DISCLOSURE BY INSTITUTIONS
Article 9
Frequency of disclosure and disclosure dates
Disclosures referred to in Article 10(1) shall be made on a quarterly basis. Disclosures referred to in Article 10(2) shall be made on a semi-annual basis.
Disclosures referred to in Articles 11(1) and 14(1) shall be made on a semi-annual basis. Disclosures referred to in Articles 11(2) and 14(2) shall be made annually.
Disclosures referred to in Article 12(1) shall be made on a quarterly basis. Disclosures referred to Article 12(2) shall be made on a semi-annual basis.
Disclosures referred to in Article 13(1) shall be made on a semi-annual basis. Disclosures referred to in Article 13(2) shall be made annually.
Disclosures referred to in Article 15 shall be made as follows:
- (a) on a semi-annual basis where the disclosing entity is a large institution;
- (b) on an annual basis where the disclosing entity is neither a large institution nor a small and non-complex institution.
For the purposes of public disclosure, disclosing entities shall observe the following:
- (a) annual disclosures shall be published on the same date as the date on which institutions publish their financial statements or as soon as possible thereafter;
- (b) semi-annual and quarterly disclosures shall be published on the same date as the date on which institutions publish their financial reports for the corresponding period, where applicable, or as soon as possible thereafter;
- (c) any delay between the date of publication of the disclosures required under this Title and the relevant financial statements shall be reasonable and, in any event, shall not exceed any timeframe set by the competent authorities pursuant to Article 106 of Directive 2013/36/EU of the European Parliament and of the Council (3).
Article 10
Disclosure of key metrics on own funds and eligible liabilities and the requirements for own funds and eligible liabilities by resolution entities
Entities identified as resolution entities that are a G-SII or part of a G-SII shall make the disclosures required in point (h) of Article 447 of Regulation (EU) No 575/2013 and in points (a) and (c) of Article 45i(3) of Directive 2014/59/EU in accordance with the template EU KM2 of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation.
Entities identified as resolution entities that are neither G-SIIs nor part of a G-SII shall make the disclosures required in points (a) and (c) of Article 45i(3) of Directive 2014/59/EU in accordance with the template EU KM2 of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation.
Article 11
Disclosure of composition of own funds and eligible liabilities by resolution entities
Entities identified as resolution entities that are a G-SII or part of a G-SII shall make the disclosures required in accordance with points (a), (c) and (d) of Article 437a of Regulation (EU) No 575/2013 and the disclosure on the composition of own funds and eligible liabilities required in point (b) of Article 45i(3) of Directive 2014/59/EU in accordance with the template EU TLAC1 of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation.
Entities identified as resolution entities that are neither G-SIIs nor part of a G-SII shall make the disclosure on the composition of own funds and eligible liabilities required in accordance with (b) of Article 45i(3) of Directive 2014/59/EU in accordance with the template EU TLAC1 of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation.
Article 12
Disclosure of key metrics and internal loss-absorbing capacity by entities that are not themselves resolution entities
Entities that are material subsidiaries of non-EU G-SIIs and that are not themselves resolution entities shall make the following disclosures in accordance with the template EU ILAC of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation:
- (a) disclosures required in accordance with points (a), (c) and (d) of Article 437a of Regulation (EU) No 575/2013;
- (b) disclosures required in accordance with point (h) of Article 447 of Regulation (EU) No 575/2013;
- (c) disclosures required in accordance with points (a) and (c) of Article 45i(3) of Directive 2014/59/EU;
- (d) disclosures regarding the composition of own funds and eligible liabilities required in accordance with point (b) of Article 45i(3) of Directive 2014/59/EU.
Entities other than material subsidiaries of non-EU G-SIIs that are not themselves resolution entities shall make the following disclosures in accordance with the template EU ILAC of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation:
- (a) disclosures required in accordance with points (a) and (c) of Article 45i(3) of Directive 2014/59/EU;
- (b) disclosures regarding the composition of own funds and eligible liabilities required in accordance with point (b) of Article 45i(3) of Directive 2014/59/EU.
Article 13
Disclosure of creditor ranking by non-resolution entities
Entities that are material subsidiaries of non-EU G-SIIs and that are not themselves resolution entities shall make the disclosures on maturity profile and ranking in normal insolvency proceedings set out in points (a) and (b) of Article 437a of Regulation (EU) No 575/2013 and point (b) of Article 45i(3) of Directive 2014/59/EU, in accordance with the template EU TLAC2a of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation.
Entities other than material subsidiaries of non-EU G-SIIs that are not themselves resolution entities shall make the disclosures on the maturity profile and ranking in normal insolvency proceedings set out in point (b) of Article 45i(3) of Directive 2014/59/EU in accordance with the template EU TLAC2b of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation.
Entities referred to in the first subparagraph of this paragraph may choose to use template EU TLAC2a instead of EU TLAC2b to disclose information on the maturity profile and ranking in normal insolvency proceedings required in accordance with point (b) of Article 45i(3) of Directive 2014/59/EU.
Article 14
Disclosure of creditor ranking by resolution entities
Entities identified as resolution entities that are G-SIIs or part of a G-SII shall make the disclosures on maturity profile and ranking in normal insolvency proceedings set out in points (a) and (b) of Article 437a of Regulation (EU) No 575/2013 and point (b) of Article 45i(3) of Directive 2014/59/EU, in accordance with the template EU TLAC3a of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation.
Entities identified as resolution entities that are neither G-SIIs nor part of a G-SII shall make the disclosures on the maturity profile and ranking in normal insolvency proceedings set out in point (b) of Article 45i(3) of Directive 2014/59/EU, in accordance with the template EU TLAC3b of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation.
Entities referred to in the first subparagraph of this paragraph may choose to use template EU TLAC3a instead of EU TLAC3b to disclose information on the maturity profile and ranking in normal insolvency proceedings required in accordance with point (b) of Article 45i(3) of Directive2014/59/EU.
Article 15
Disclosure of main features of own funds and eligible liabilities
Entities identified as resolution entities that are G-SIIs or part of a G-SII and entities that are material subsidiaries of non-EU G-SIIs and that are not themselves resolution entities shall make the disclosures set out in point (a) of Article 437a of Regulation (EU) No 575/2013, in accordance with the implementing act referred to in Article 434a of that Regulation.
Article 16
General rules on disclosure
Where disclosing entities may omit one or more of the disclosures in accordance with Article 432 of Regulation (EU) No 575/2013, the relevant rows or columns of the templates or tables laid down in this Regulation may be left empty and the numbering of subsequent rows or columns shall not be altered.
Disclosing entities shall clearly note in the relevant template or table the empty rows or columns and the reason of the omission of the relevant disclosure.
The qualitative narrative and any other necessary supplementary information accompanying quantitative disclosures in accordance with Article 431 of Regulation (EU) No 575/2013 shall be adequately clear and comprehensive, enabling users of information to understand the quantitative disclosures and shall be placed next to the templates, which they describe.
Disclosing entities shall observe the following regarding the disclosure of numerical values:
- (a) quantitative monetary data shall be disclosed using a minimum precision equivalent to millions of units;
- (b) quantitative data disclosed as ‘Percentage’ shall be expressed as per unit with a minimum precision equivalent to four decimals.
Disclosing entities shall accompany the information disclosed by the following:
- (a) disclosure reference date and reference period;
- (b) disclosure currency;
- (c) name and, where relevant, Legal Entity Identifier (LEI) of the disclosing entity;
- (d) where relevant, accounting standard; and
- (e) where relevant, scope of consolidation.
TITLE III FINAL PROVISIONS
Article 17
Entry into force and application
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
Title I shall apply from 28 June 2021.
Title II shall apply as of 1 June 2021 as regards the disclosures in accordance with Article 437a and point (h) of Article 447 of Regulation (EU) No 575/2013, and as of the date of application of the disclosure requirements in accordance with the third subparagraph of Article 3(1) of Directive (EU) 2019/879, as regards the disclosures in accordance with Article 45i(3) of Directive 2014/59/EU.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
ANNEX I
REPORTING ON THE MINIMUM REQUIREMENT FOR OWN FUNDS AND ELIGIBLE LIABILITIES
| MREL AND TLAC TEMPLATES | MREL AND TLAC TEMPLATES | MREL AND TLAC TEMPLATES | MREL AND TLAC TEMPLATES |
| Template number | Template code | Name of the template /group of templates | Short name |
| AMOUNTS: KEY METRICS OF MREL AND TLAC | |||
| 1 | M 01.00 | Key metrics for MREL and TLAC (resolution groups / entities) | KM2 |
| COMPOSITION AND MATURITY | |||
| 2 | M 02.00 | MREL and TLAC capacity and composition (resolution groups / entities) | TLAC1 |
| 3 | M 03.00 | Internal MREL and internal TLAC | ILAC |
| 4 | M 04.00 | Funding structure of eligible liabilities | LIAB-MREL |
| CREDITOR RANKING | |||
| 5 | M 05.00 | Creditor ranking (entity that is not a resolution entity) | TLAC2 |
| 6 | M 06.00 | Creditor ranking (resolution entities) | TLAC3 |
| CONTRACT SPECIFIC INFORMATION | |||
| 7 | M 07.00 | Instruments governed by third-country law | MTCI |
M 01.00 - Key metrics for MREL and TLAC (resolution groups / entities) (KM2)
| Minimum requirement for own funds and eligible liabilities (MREL) | Requirement for own funds and eligible liabilities for G-SIIs (TLAC) | ||
|---|---|---|---|
| 0010 | 0020 | ||
| Total risk exposure amount and total exposure measure | Total risk exposure amount and total exposure measure | Total risk exposure amount and total exposure measure | |
| 0100 | TOTAL RISK EXPOSURE AMOUNT (TREA) | ||
| 0110 | TOTAL EXPOSURE MEASURE (TEM) | ||
| Own funds and eligibile liabilities | Own funds and eligibile liabilities | Own funds and eligibile liabilities | |
| 0200 | OWN FUNDS AND ELIGIBLE LIABILITIES | ||
| 0210 | Of which: own funds and subordinated liabilities | ||
| 0220 | Of which governed by third country law | ||
| 0230 | Of which containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU | ||
| Other bailinable liabilities | Other bailinable liabilities | Other bailinable liabilities | |
| 0250 | OTHER BAILINABLE LIABILITIES | ||
| 0260 | Of which governed by third country law | ||
| 0270 | Of which containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU | ||
| 0280 | Residual maturity of < 1 year | ||
| 0285 | Residual maturity of >= 1 year and < 2 years | ||
| 0290 | Residual maturity of >= 2 years | ||
| Ratios and subordination exemptions | Ratios and subordination exemptions | Ratios and subordination exemptions | |
| 0300 | OWN FUNDS AND ELIGIBLE LIABILITIES AS A PERCENTAGE OF THE TREA | ||
| 0310 | Of which: own funds and subordinated liabilities | ||
| 0320 | OWN FUNDS AND ELIGIBLE LIABILITIES AS A PERCENTAGE OF THE TEM | ||
| 0330 | Of which own funds and subordinated liabilities | ||
| 0340 | Does the subordination exemption laid down in Article 72b(4) of Regulation (EU) No 575/2013 apply? (5 % exemption) | ||
| 0350 | Aggregate amount of permitted non-subordinated eligible liabilities instruments if the subordination discretion laid down in Article 72b(3) of Regulation (EU) No 575/2013 is applied (max 3.5 % exemption) | ||
| 0360 | Share of the total non-subordinated liabilities that is included in own funds and eligible liabilities |
M 02.00 - MREL and TLAC capacity and composition (resolution groups / entities) (TLAC1)
| Minimum requirement for own funds and eligible liabilities (MREL) | G-SII Requirement for own funds and eligible liabilities (TLAC) | Memo item: Amounts eligible for the purposes of MREL, but not of TLAC | ||
|---|---|---|---|---|
| 0010 | 0020 | 0030 | ||
| 0010 | OWN FUNDS AND ELIGIBLE LIABILITIES | |||
| 0020 | (Eligible) Own funds | |||
| 0030 | Common Equity Tier 1 capital | |||
| 0040 | (Eligible) Additional Tier 1 capital | |||
| 0050 | (Eligible) Tier 2 capital | |||
| 0060 | Eligible liabilities | |||
| 0070 | Eligible liabilities items before adjustments | |||
| 0080 | of which: eligible liabilities considered as structurally subordinated | |||
| 0090 | Eligible liabilities subordinated to excluded liabilities | |||
| 0100 | Eligible liabilities instruments issued directly by the resolution entity (not grandfathered) | |||
| 0110 | Eligible liabilities instruments issued by other entities within the resolution group (not grandfathered) | |||
| 0120 | Eligible liabilities instruments issued prior to 27 June 2019 | |||
| 0130 | Tier 2 instruments with a residual maturity of at least one year to the extent they do not qualify as Tier 2 items | |||
| 0132 | (-) Own eligible liabilities instruments subordinated to excluded liabilities | |||
| 0135 | (-) of which: unused prior permission amounts | |||
| 0140 | Eligible liabilities not subordinated to excluded liabilities | |||
| 0150 | Eligible liabilities that are not subordinated to excluded liabilities (not grandfathered, pre-cap) | |||
| 0160 | Eligible liabilities that are not subordinated to excluded liabilities issued prior to 27 June 2019 (pre-cap) | |||
| 0162 | (-) Own eligible liabilities instruments not subordinated to excluded liabilities | |||
| 0165 | (-) of which: unused prior permission amounts | |||
| 0170 | Amounts eligible after application of the cap of Article 72b(3) of Regulation (EU) No 575/2013 (not grandfathered) | |||
| 0180 | Amounts eligible after application of the cap of Article 72b (3) of Regulation (EU) No 575/2013, consisting of items issued prior to 27 June 2019 | |||
| 0190 | (-) Deductions | |||
| 0200 | (-) Exposures between multiple point of entry (MPE) resolution groups | |||
| 0211 | (-) Investments in other eligible liabilities instruments | |||
| 0220 | Excess of deductions from eligible liabilities over eligible liabilities (deducted from Tier 2) | |||
| MEMORANDUM ITEMS | MEMORANDUM ITEMS | |||
| 0400 | CET1 (%) available after meeting the entity’s requirements | |||
| 0410 | Combined buffer requirement (%) | |||
| 0420 | of which: capital conservation buffer requirement | |||
| 0430 | of which: countercyclical buffer requirement | |||
| 0440 | of which: systemic risk buffer requirement | |||
| 0450 | of which: Global Systemically Important Institution (G-SII) or Other Systemically Important Institution (O-SII) buffer | |||
| 0460 | Investments in subordinated eligible liabilities of other institutions | |||
| 0470 | Investments in subordinated eligible liabilities of G-SIIs | |||
| 0480 | Investments in subordinated eligible liabilities of O-SIIs | |||
| 0490 | Investments in subordinated eligible liabilities of other institutions | |||
| 0500 | Excluded liabilities | |||
| 0600 | Ad hoc permissions for eligible liabilities items: Predetermined amount | |||
| 0610 | General prior permissions for eligible liabilities items: Predetermined amount |
M 03.00 - Internal MREL and internal TLAC (ILAC)
| Internal MREL | Internal TLAC | ||
|---|---|---|---|
| 0010 | 0020 | ||
| 0010 | Level of application | ||
| Total risk exposure amount and total exposure measure | Total risk exposure amount and total exposure measure | Total risk exposure amount and total exposure measure | |
| 0100 | Total risk exposure amount (TREA) | ||
| 0110 | Total exposure measure (TEM) | ||
| Eligible own funds and eligible liabilities | Eligible own funds and eligible liabilities | Eligible own funds and eligible liabilities | |
| 0200 | Eligible own funds and eligible liabilties | ||
| 0210 | Eligible Own funds | ||
| 0220 | Common Equity Tier 1 capital (CET1) | ||
| 0230 | Eligible Additional Tier 1 capital | ||
| 0240 | Eligible Tier 2 capital | ||
| 0250 | Eligible liabilities and guarantees | ||
| 0260 | Eligible liabilities (excluding guarantees) | ||
| 0265 | (-) Own eligible liabilities instruments: Unused prior permission amounts | ||
| 0270 | Guarantees provided by the resolution entity and permitted by the resolution authority | ||
| 0280 | Memorandum item: Collateralised part of the guarantee | ||
| 0290 | (-) Own funds instruments and eligible liabilities instruments issued by non-resolution entities of the same resolution group | ||
| 0293 | (-) of which: Own funds instruments issued by liquidation entities | ||
| 0295 | Excess of deductions from eligible liabilities over eligible liabilities | ||
| Ratios of eligible own funds and eligible liabilities | |||
| 0400 | Own funds and eligible liabilities as a percentage of the TREA | ||
| 0410 | of which: permitted guarantees | ||
| 0420 | Own funds and eligible liabilities as a percentage of the TEM | ||
| 0430 | of which: permitted guarantees | ||
| 0440 | CET1 (%) available after meeting the entity’s requirements | ||
| Memorandum items | Memorandum items | Memorandum items | |
| 0500 | Combined buffer requirement (%) | ||
| 0510 | of which: capital conservation buffer requirement | ||
| 0520 | of which: countercyclical buffer requirement | ||
| 0530 | of which: systemic risk buffer requirement | ||
| 0540 | of which: Global Systemically Important Institution (G-SII) or Other Systemically Important Institution (O-SII) buffer | ||
| 0550 | Other bail-inable liabilities | ||
| 0560 | of which: governed by third country law | ||
| 0570 | of which: containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU | ||
| 0580 | Residual maturity of < 1 year | ||
| 0590 | Residual maturity of >= 1 year and < 2 years | ||
| 0600 | Residual maturity of >= 2 years | ||
| 0610 | Excluded liabilities | ||
| 0620 | Own funds instruments issued by liquidation entities of the same resolution group | ||
| 0630 | Ratio of holdings of own funds instruments issued by liquidation entities over eligible own funds and eligible liabilities |
M 04.00 - Funding structure of eligible liabilities (LIAB MREL)
| Amount eligible for MREL / internal MREL | ||
|---|---|---|
| 0010 | ||
| 0100 | ELIGIBLE LIABILITIES | |
| 0200 | Deposits, not covered and not preferential >= 1 year | |
| 0210 | of which: residual maturity >= 1 year and < 2 years | |
| 0220 | of which: residual maturity >= 2 years | |
| 0230 | of which: issued by subsidiaries | |
| 0300 | Uncollateralized secured liabilities >= 1 year | |
| 0310 | of which: residual maturity >= 1 year and < 2 years | |
| 0320 | of which: residual maturity >= 2 years | |
| 0330 | of which: issued by subsidiaries | |
| 0400 | Structured notes >= 1 year | |
| 0410 | of which: residual maturity >= 1 year and < 2 years | |
| 0420 | of which: residual maturity >= 2 years | |
| 0430 | of which: issued by subsidiaries | |
| 0500 | Senior unsecured liabilities >= 1 year | |
| 0510 | of which: residual maturity >= 1 year and < 2 years | |
| 0520 | of which: residual maturity >= 2 years | |
| 0530 | of which: issued by subsidiaries | |
| 0600 | Senior non-preferred liabilities >= 1 year | |
| 0610 | of which: residual maturity >= 1 year and < 2 years | |
| 0620 | of which: residual maturity >= 2 years | |
| 0630 | of which: issued by subsidiaries | |
| 0700 | Subordinated liabilities (not recognised as own funds) >= 1 year | |
| 0710 | of which: residual maturity >= 1 year and < 2 years | |
| 0720 | of which: residual maturity >= 2 years | |
| 0730 | of which: issued by subsidiaries | |
| 0800 | Other MREL eligible liabilities >= 1 year | |
| 0810 | of which: residual maturity >= 1 year and < 2 years | |
| 0820 | of which: residual maturity >= 2 years | |
| 0830 | of which: issued by subsidiaries |
M 05.00 - Creditor ranking (entity that is not a resolution entity) (TLAC2)
| Insolvency rank | Type of creditor | Description of insolvency rank | Liabilities and own funds | Liabilities and own funds | Liabilities and own funds less excluded liabilities | Liabilities and own funds less excluded liabilities | Liabilities and own funds less excluded liabilities | Liabilities and own funds less excluded liabilities | Liabilities and own funds less excluded liabilities | Liabilities and own funds less excluded liabilities | Liabilities and own funds less excluded liabilities |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Insolvency rank | Type of creditor | Description of insolvency rank | of which: excluded liabilities | of which: own funds and eligible liabilities for the purpose of internal MREL | |||||||
| Insolvency rank | Type of creditor | Description of insolvency rank | of which: excluded liabilities | of which: own funds and eligible liabilities for the purpose of internal MREL | of which: with a residual maturity of | of which: with a residual maturity of | of which: with a residual maturity of | of which: with a residual maturity of | of which: perpetual securities | ||
| Insolvency rank | Type of creditor | Description of insolvency rank | of which: excluded liabilities | of which: own funds and eligible liabilities for the purpose of internal MREL | ≥ 1 year < 2 years | ≥ 2 year < 5 years | ≥ 5 years < 10 years | ≥ 10 years | of which: perpetual securities | ||
| 0010 | 0020 | 0030 | 0040 | 0050 | 0060 | 0070 | 0080 | 0090 | 0100 | 0110 | 0120 |
M 06.00 - Creditor ranking (resolution entities) (TLAC3)
| Insolvency rank | Description of insolvency rank | Liabilities and own funds | Liabilities and own funds | Liabilities and own funds less excluded liabilities | Liabilities and own funds less excluded liabilities | Liabilities and own funds less excluded liabilities | Liabilities and own funds less excluded liabilities | Liabilities and own funds less excluded liabilities | Liabilities and own funds less excluded liabilities | Liabilities and own funds less excluded liabilities |
|---|---|---|---|---|---|---|---|---|---|---|
| Insolvency rank | Description of insolvency rank | of which: excluded liabilities | of which: own funds and eligible liabilities potentially eligible for meeting MREL | |||||||
| Insolvency rank | Description of insolvency rank | of which: excluded liabilities | of which: own funds and eligible liabilities potentially eligible for meeting MREL | of which: with a residual maturity of | of which: with a residual maturity of | of which: with a residual maturity of | of which: with a residual maturity of | of which: perpetual securities | ||
| Insolvency rank | Description of insolvency rank | of which: excluded liabilities | of which: own funds and eligible liabilities potentially eligible for meeting MREL | ≥ 1 year < 2 years | ≥ 2 year < 5 years | ≥ 5 years < 10 years | ≥ 10 years | of which: perpetual securities | ||
| 0010 | 0020 | 0030 | 0040 | 0050 | 0060 | 0070 | 0080 | 0090 | 0100 | 0110 |
M 07.00 Instruments governed by third-country law (MTCI) M 07.00 (MTCI)
| Issuing entity | Issuing entity | Issuing entity | Contract identifier | Governing law (third country) | Contractual recognition of write down and conversion powers | Regulatory treatment | Regulatory treatment | Amount | Rank in normal insolvency proceedings | Rank in normal insolvency proceedings | Maturity | (First) Call date | Regu-latory call (Y/N) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | Code | Type of code | Contract identifier | Governing law (third country) | Contractual recognition of write down and conversion powers | Type of own funds or eligible liabilities | Instrument type | Amount | Governing law | Insolvency rank | Maturity | (First) Call date | Regu-latory call (Y/N) |
| 0010 | 0020 | 0030 | 0040 | 0050 | 0060 | 0070 | 0080 | 0090 | 0100 | 0110 | 0120 | 0130 | 0140 |
ANNEX II
REPORTING ON THE MINIMUM REQUIREMENT FOR OWN FUNDS AND ELIGIBLE LIABILITIES – INSTRUCTIONS
PART I
GENERAL INSTRUCTIONS
1. Structure and conventions
1.1. Structure
- 1.This framework for reporting on MREL and TLAC consists of four groups of templates:
- (a) amounts: key metrics of MREL and TLAC;
- (b) composition and maturity;
- (c) creditor ranking;
- (d) contract-specific information.
- 2.For each template legal references are provided. Further detailed information regarding more general aspects of the reporting of each set of templates and instructions concerning specific positions are included in this Part.
1.2. Numbering convention
- 3.The document follows the labelling convention set out in points (a) to (d), when referring to the columns, rows and cells of the templates. Those numerical codes are extensively used in the validation rules defined in accordance with Annex III.
- (a) the following general notation is followed: {Template;Row;Column};
- (b) references inside a template do not include an indication of the template: {Row;Column};
- (c) in case of templates with only one column, only rows are referred to: {Template;Row};
- (d) an asterisk sign is used to express that the reference covers the rows or columns specified before.
1.3. Sign convention
- 4.Any amount that increases the own funds and eligible liabilities, the risk weighted exposure amounts, the leverage ratio exposure measure or the requirements shall be reported as a positive figure. On the contrary, any amount that reduces the own funds and eligible liabilities, the risk weighted exposure amounts, the leverage ratio exposure measure or the requirements shall be reported as a negative figure. Where there is a negative sign (-) preceding the label of an item no positive figure is expected to be reported for that item.
1.4. Abbreviations and definitions
- 5.The following abbreviations and definitions apply for the purposes of the Annexes to this Regulation:
- (a) ‘MREL’ refers to the minimum requirement for own funds and eligible liabilities pursuant to Article 45 of Directive 2014/59/EU;
- (b) ‘TLAC’ refers to the requirements for own funds and eligible liabilities for global systemically important institutions (G-SIIs) pursuant to Article 92a of Regulation (EU) No 575/2013;
- (c) ‘Internal TLAC’ refers to the requirement for own funds and eligible liabilities for non-EU G-SIIs pursuant to Article 92b of Regulation (EU) No 575/2013;
- (d) ‘Internal MREL’ refers to the MREL applied to entities that are not themselves resolution entities pursuant to Article 45f of Directive 2014/59/EU;
- (e) ‘unused prior permission amount’ means the amount covered by a prior permission to call, redeem, repay or repurchase own funds instruments in accordance with Article 78 of Regulation (EU) No 575/2013, or eligible liabilities instruments in accordance with Article 78a of that Regulation, as applicable, to the extent that the reporting entity has not yet used up that amount to call, redeem, repay or repurchase instruments. Where the permission is an ad hoc permission and refers to callable instruments where no sufficient certainty is given that the call option will be executed, the unused prior permission amount shall exclude any such instruments;
- (f) ‘unused ad hoc permission amount’ means the amount covered by an ad hoc prior permission to call, redeem, repay or repurchase specific own funds instruments in accordance with Article 78(1), first subparagraph, of Regulation (EU) No 575/2013 in conjunction with Article 28(5) of Commission Delegated Regulation (EU) No 241/2014 (4) or specific eligible liabilities instruments in accordance with Articles 78a of Regulation (EU) No 575/2013 in conjunction with Article 32b(2) of Delegated Regulation (EU) No 241/2014, as applicable, to the extent that the reporting entity has not yet used up that amount to call, redeem, repay or repurchase those instruments. Where the permission refers to callable instruments where no sufficient certainty is given that the call option will be executed, the unused prior permission amount shall exclude any such instruments;
- (g) ‘unused general permission amount’ or ‘unused GPP amount’ means the amount covered by a prior permission to call, redeem, repay or repurchase own funds instruments in accordance with Article 78(1), second subparagraph, of Regulation (EU) No 575/2013 in conjunction with Article 28(3) of Delegated Regulation (EU) No 241/2014, or eligible liabilities instruments in accordance with Articles 78a of Regulation (EU) No 575/2013 in conjunction with Article 32b(3) and (5) of Delegated Regulation (EU) No 241/2014, as applicable, to the extent that the reporting entity has not yet used up that amount to call, redeem, repay or repurchase those instruments.
PART II
TEMPLATE-RELATED INSTRUCTIONS
1. Amounts: M 01.00 – Key metrics for MREL and TLAC (KM2)
1.1. General remarks
- 1.The column referring to the minimum requirement for own funds and eligible liabilities (MREL) shall be filled in by entities that are subject to the minimum requirement for own funds and eligible liabilities in accordance with Article 45e of Directive 2014/59/EU. Only those entities obliged to comply with the requirement set out in Articles 92a of Regulation (EU) No 575/2013 shall report items referring to the G-SII requirement for own funds and eligible liabilities (TLAC).
1.2. Instructions concerning specific positions
| Columns | Legal references and instructions |
|---|---|
| 0010 | Minimum requirement for own funds and eligible liabilities (MREL) Articles 45 and 45e of Directive 2014/59/EU |
| 0020 | Requirement for own funds and eligible liabilities for G-SIIs (TLAC) Article 92a of Regulation (EU) No 575/2013 |
| Row | Legal references and instructions |
| --- | --- |
| 0100 – 0120 | Total risk exposure amount and total exposure measure |
| 0100 | Total risk exposure amount (TREA) Article 45(2), point (a), of Directive 2014/59/EU, Article 92(3) of Regulation (EU) No 575/2013. The total risk exposure amount reported in this row shall be the total risk exposure amount which is the basis for compliance with the requirements set out in Article 45 of Directive 2014/59/EU or Article 92a of Regulation (EU) No 575/2013, as applicable. |
| 0110 | Total exposure measure (TEM) Article 45(2), point (b), of Directive 2014/59/EU, Article 429(4) and Article 429a of Regulation (EU) No 575/2013. The total exposure measure reported in this row shall be the total exposure measure which is the basis for compliance with the requirements set out in Article 45 of Directive 2014/59/EU or Article 92a of Regulation (EU) No 575/2013, as applicable. |
| 0200 – 0230 | Own funds and eligible liabilities |
| 0200 | Own funds and eligible liabilities MREL The amount of own funds and eligible liabilities counting towards MREL shall be reported as the sum of: (i) own funds as defined in Article 4(1), point (118), and Article 72 of Regulation (EU) No 575/2013; (ii) eligible liabilities as defined in Article 2(1), point (71a), of Directive 2014/59/EU. In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU. TLAC The amount of own funds and eligible liabilities counting towards the G-SII requirement for own funds and eligible liabilities (TLAC) shall be the amount referred to in Article 72l of Regulation (EU) No 575/2013, consisting of: (i) own funds as defined in Article 4(1), point (118), and Article 72 of Regulation (EU) No 575/2013; (ii) eligible liabilities in accordance with Article 72k of Regulation (EU) No 575/2013. |
| 0210 | Of which: own funds and subordinated liabilities The amount of own funds and subordinated eligible liabilities counting towards MREL shall be reported as the sum of: (i) own funds as defined in Article 4(1), point (118), and Article72 of Regulation (EU) No 575/2013; (ii) eligible liabilities included in the amount of own funds and eligible liabilities in accordance with Article 45b of Directive 2014/59/EU which are subordinated eligible instruments as defined in Article 2(1), point (71b), of that Directive; (iii) liabilities included in the amount of own funds and eligible liabilities in accordance with Article 45b(3) of Directive 2014/59/EU. In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements of Article 55 set out in Directive 2014/59/EU. With regard to subordinated eligible liabilities, the amounts reported shall be the amounts net of (i) where applicable, holdings of own subordinated eligible liabilities instruments, as referred to in Article 72e(1), point (a) of Regulation (EU) No 575/2013; and (ii) unused prior permission amounts, to the extent that the prior permission covers subordinated liabilities instruments in general or a specific subordinated liabilities instrument. |
| 0220 | Of which: governed by third-country law The amount of own funds and eligible liabilities that are governed by the law of a third country as referred to in Article 55 of Directive 2014/59/EU. The amounts reported shall be the amounts net of: (i) holdings of own eligible liabilities instruments, as referred to in Article 72e(1), point (a), of Regulation (EU) No 575/2013, where applicable, and holdings of own funds instruments, as referred to in Article 36(1), point (f), Article 56, point (a), and Article 66, point (a), of Regulation (EU) No 575/2013, governed by the law of a third country; and (ii) unused ad hoc permission amounts, to the extent that the prior permission covers an own funds instrument or specific eligible liabilities instrument that is governed by the law of a third country. |
| 0230 | Of which: containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU The amount of own funds and eligible liabilities that are governed by the law of a third country and that contain a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU. The amounts reported shall be the amounts net of (i) holdings of own eligible liabilities instruments, as referred to in Article 72e(1), point (a) of Regulation (EU) No 575/2013, where applicable, and holdings of own funds instruments, as referred to in Article 36(1), point (f), Article 56, point (a), and Article 66, point (a), of Regulation (EU) No 575/2013, governed by the law of a third country and containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU; and (ii) unused ad hoc permission amounts, to the extent that the permission covers an own funds instrument or a specific eligible liabilities instrument that is governed by the law of a third country and contains a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU. |
| 0250 – 0290 | Other bail-inable liabilities Entities that, at the date of the reporting of that information, hold amounts of own funds and eligible liabilities of at least 150 % of the requirement laid down in Article 45(1) of Directive 2014/59/EU shall be exempted from reporting the information in rows 0250 to 0290. Such entities may opt to report that information in this template on a voluntary basis. Unused prior permission amounts, to the extent that the permission covers an eligible liabilities instrument, shall be considered other bail-inable liabilities for the purposes of these rows. |
| 0250 | Other bail-inable liabilities The amount of bail-inable liabilities, as defined in Article 2(1), point (71), of Directive 2014/59/EU, that are not included in own funds and eligible liabilities in accordance with Article 45b of that Directive. |
| 0260 | Of which: governed by third-country law The amount of other bail-inable liabilities that are governed by the law of a third country as referred to in Article 55 of Directive 2014/59/EU. |
| 0270 | Of which: containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU The amount of other bail-inable liabilities that are governed by the law of a third country and that contain a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU. |
| 0280 – 0290 | Breakdown of other bail-inable liabilities by residual maturity |
| 0280 | Residual maturity of < 1 year |
| 0285 | Residual maturity of >= 1 year and < 2 years |
| 0290 | Residual maturity of >= 2 years |
| 0300 – 0360 | Ratios and subordination exemptions |
| 0300 | Own funds and eligible liabilities as a percentage of the TREA For the purposes of this row, the amount of own funds and eligible liabilities that is reported in row 0200 shall be expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013. |
| 0310 | Of which: own funds and subordinated liabilities For the purposes of this row, the amount of own funds and subordinated eligible liabilities that is reported in row 0210 shall be expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013. |
| 0320 | Own funds and eligible liabilities as a percentage of the TEM For the purposes of this row, the amount of own funds and eligible liabilities that is reported in row 0200 shall be expressed as a percentage of the total exposure measure calculated in accordance with Article 429(4) and Article 429a of Regulation (EU) No 575/2013. |
| 0330 | Of which: own funds and subordinated liabilities For the purposes of this row, the amount of own funds and subordinated eligible liabilities that is reported in row 0210 shall be expressed as a percentage of the total exposure measure calculated in accordance with Article 429(4) and Article 429a of Regulation (EU) No 575/2013. |
| 0340 | Does the subordination exemption laid down in Article 72b(4) of Regulation (EU) No 575/2013 apply? (5 % exemption) This row shall only be reported by entities subject to the G-SII requirement for own funds and eligible liabilities (TLAC requirement). Where the resolution authority permits liabilities to qualify as eligible liabilities instruments in accordance with Article 72b(4) of Regulation (EU) No 575/2013, the reporting entity shall indicate ‘yes’ in column 0020. Where the resolution authority does not permit liabilities to qualify as eligible liabilities instruments in accordance with Article 72b(4) of Regulation (EU) No 575/2013, the reporting entity shall indicate ‘no’ in column 0020. As exemptions laid down in Article 72b(3) and (4) of Regulation (EU) No 575/2013 are mutually exclusive, this row shall not be populated if the reporting entity has populated {r0350}. |
| 0350 | Aggregate amount of permitted non-subordinated eligible liabilities instruments if the subordination discretion laid down in Article 72b(3) of Regulation (EU) No 575/2013 is applied (max 3,5 % exemption) Aggregate amount of non-subordinated liabilities that the resolution authority has permitted to qualify as eligible liabilities instruments for the purpose of the G-SII requirement for own funds and eligible liabilities (TLAC) in accordance with Article 72b(3) of Regulation (EU) No 575/2013 or which qualify pursuant to Article 494(3) of that Regulation. As the exemptions laid down in Article 72b(3) and (4) of Regulation (EU) No 575/2013 are mutually exclusive, this row shall not be populated if the reporting entity indicates ‘yes’ in {r0340,c0020}. |
| 0360 | Share of the total non-subordinated liabilities that is included in own funds and eligible liabilities This row shall only be reported by entities subject to the G-SII requirement for own funds and eligible liabilities (TLAC requirement). If a capped subordination exemption laid down in Article 72b(3) of Regulation (EU) No 575/2013 applies, entities shall report: (i) the amount of liabilities issued that ranks pari passu with excluded liabilities as referred to in Article 72a(2) of Regulation (EU) No 575/2013 and is included in the amount reported in row 0200 (after application of the cap); (ii) divided by the amount of liabilities issued that ranks pari passu with excluded liabilities as referred to Article 72a(2) of Regulation (EU) No 575/2013 and that would be recognised under row 0200 if no cap was applied. |
2. Composition and maturity
2.1. M 02.00 – MREL and TLAC capacity and composition (resolution groups and entities) (TLAC1)
2.1.1. General remarks
- 2.Template M 02.00 – MREL and TLAC capacity and composition (resolution groups and entities) (TLAC1) provides further details on the composition of the own funds and eligible liabilities.
- 3.The column referring to the minimum requirement for own funds and eligible liabilities (MREL) shall be filled in by entities that are subject to the minimum requirement for own funds and eligible liabilities in accordance with Article 45e of Directive 2014/59/EU. Only those entities obliged to comply with the requirement laid down in Article 92a of Regulation (EU) No 575/2013 shall report items referring to the G-SII requirement for own funds and eligible liabilities (TLAC).
2.1.2. Instructions concerning specific positions
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