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)
| Columns | Legal references and instructions |
|---|---|
| 0010 | Internal MREL Articles 45 and 45f of Directive 2014/59/EU. |
| 0020 | Internal TLAC Article 92b of Regulation (EU) No 575/2013. |
| Row | Legal references and instructions |
| --- | --- |
| 0010 | Level of application If the entity is subject to internal MREL, and where applicable internal TLAC, on an individual basis, it shall indicate ‘individual’. If the entity is subject to internal MREL, and where applicable internal TLAC, on a consolidated basis, it shall indicate ‘consolidated’. |
| 0100 – 0110 | 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 respectively Article 92b 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 respectively Article 92b of Regulation (EU) No 575/2013, as applicable. |
| 0200 – 0295 | Eligible own funds and eligible liabilities |
| 0200 | Eligible own funds and eligible liabilities Internal MREL Sum of eligible own funds, eligible liabilities and guarantees permitted to count towards internal MREL in accordance with Article 45f(2) of Directive 2014/59/EU, considering also, where applicable Article 89(2), fourth subparagraph, of that Directive. 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. The amount reported in this row shall be the amount after making the deductions in accordance with Article 72e(5) of Regulation (EU) No 575/2013. Internal TLAC Eligible own funds and eligible liabilities permitted to count towards internal TLAC in accordance with Article 92b(2) and (3) of Regulation (EU) No 575/2013. The amount reported in this row shall be the amount after making the deductions in accordance with Article 72e(5) of Regulation (EU) No 575/2013. |
| 0210 | Eligible own funds Sum of CET1 capital, eligible Additional Tier 1 capital and eligible Tier 2 capital In case of internal MREL, instruments referred to in Article 89(2), fourth subparagraph, of Directive 2014/59/EU shall be included in this row and rows 0230 and 0240, as applicable. Instruments governed by the law of a third country shall only be included in this row and rows 0230 and 0240 if they meet the requirements set out in Article 55 of that Directive. |
| 0220 | Common Equity Tier 1 capital (CET1) Article 50 of Regulation (EU) No 575/2013. |
| 0230 | Eligible Additional Tier 1 capital Article 61 of Regulation (EU) No 575/2013 Internal MREL Instruments shall only be considered where they fulfil the criteria referred to in Article 45f(2), point (b)(ii), of Directive 2014/59/EU. Internal TLAC Instruments shall only be considered where they fulfil the criteria laid down in Article 92b(2) of Regulation (EU) No 575/2013. |
| 0240 | Eligible Tier 2 capital Article 71 of Regulation (EU) No 575/2013 Internal MREL Instruments shall only be considered where they fulfil the criteria set out in Article 45f(2), point (b) (ii), of Directive 2014/59/EU. Internal TLAC Instruments shall only be considered where they fulfil the criteria laid down in Article 92b(2) of Regulation (EU) No 575/2013. |
| 0250 | Eligible liabilities and guarantees |
| 0260 | Eligible liabilities (excluding guarantees) Internal MREL Eligible liabilities which fulfil the conditions set out in Article 45f(2), point (a), of Directive 2014/59/EU, considering also, where applicable, Article 89(2), fourth subparagraph, of that Directive. 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. The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments. Internal TLAC The amount of eligible liabilities shall be calculated in accordance with Article 72k of Regulation (EU) No 575/2013, where those liabilities fulfil the conditions set out in Article 92b(3) of that Regulation. The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments. |
| 0265 | (-) Own eligible liabilities instruments: Unused prior permission amounts The following amounts shall be reported in this row: (i) unused ad hoc permission amounts, to the extent that the permission covers eligible liabilities instruments; (ii) unused GPP amounts, to the extent that the permission covers eligible liabilities instruments. |
| 0270 | Guarantees provided by the resolution entity and permitted by the resolution authority Where the resolution authority of the subsidiary permits the reporting entity to meet the internal MREL requirement with guarantees, the amount of guarantees that are provided by the resolution entity and fulfil all the conditions set out in Article 45f(5) of Directive 2014/59/EU shall be reported. |
| 0280 | Memorandum item: Collateralised part of the guarantee The part of the guarantee reported in row 0270 that is collateralised through a financial collateral arrangement as referred to in Article 45f(5), point (c), of Directive 2014/59/EU. |
| 0290 | (-) Own funds instruments and eligible liabilities instruments issued by non-resolution entities of the same resolution group Holdings of own funds instruments and eligible liabilities instruments that are to be deducted in accordance with Article 72e(5) of Regulation (EU) No 575/2013 and Article 45c(2a), fifth subparagraph, of Directive 2014/59/EU shall be reported in this row. For the calculation of the deductions pursuant to Article 45c(2a) of Directive 2014/59/EU, the ratio reported in row 0630 shall be used. |
| 0293 | (-) of which: Own funds instruments issued by liquidation entities Investments into the own funds instruments issued by liquidation entities of the same resolution group, for which the resolution authority did not determine a minimum requirement for own funds and eligible liabilities in accordance with Article 45 of Directive 2014/59/EU, that are to be deducted in accordance with Article 45c(2a), fifth subparagraph, of Directive 2014/59/EU, shall be reported. For the calculation of the deductions pursuant to Article 45c(2a) of Directive 2014/59/EU, the ratio reported in row 0630 shall be used. |
| 0295 | Excess of deductions from eligible liabilities over eligible liabilities Eligible liabilities cannot be negative, but it is possible that the amount of deductions from eligible liabilities items is greater than the amount of eligible liabilities items. When this happens, the eligible liabilities have to be equal to zero, and the excess of the deductions is to be deducted from Tier 2 in accordance with Article 66, point (e), of Regulation (EU) No 575/2013. With this item, it is achieved that the eligible liabilities as reported in row 0251 are never lower than zero. |
| 0400 – 0440 | Ratios of eligible own funds and eligible liabilities |
| 0400 | Own funds and eligible liabilities as a percentage of the TREA Amounts of eligible own funds, eligible liabilities and permitted guarantees of the reporting entity counting towards, respectively, internal MREL and internal TLAC, expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013. |
| 0410 | of which: permitted guarantees Amount of eligible own funds, eligible liabilities and permitted guarantees of the reporting entity that are guarantees provided by the resolution entity and that are recognised by the resolution authority in accordance with Article 45f(5) of Directive 2014/59/EU, which counts towards internal MREL, expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013. |
| 0420 | Own funds and eligible liabilities as a percentage of the TEM Amounts of eligible own funds and eligible liabilities of the reporting entity counting towards, respectively, internal MREL and internal TLAC, expressed as a percentage of the total exposure measure calculated in accordance with Article 429(4) and Article 429a of that Regulation. |
| 0430 | of which: permitted guarantees Amount of eligible own funds and eligible liabilities of the reporting entity that are guarantees provided by the resolution entity and that are recognised by the resolution authority in accordance with Article 45f(5) of Directive 2014/59/EU, which counts towards internal MREL, 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. |
| 0440 | CET1 (%) available after meeting the entity’s requirements The amount of CET1, equal to zero or positive, available after meeting each of the requirements referred to in Article 141a(1), points (a), (b) and (c) of Directive 2013/36/EU and the higher of: (a) where applicable the internal TLAC requirement pursuant to Article 92b of Regulation (EU) No 575/2013, when calculated in accordance with Article 92b(1) of that Regulation as 90 % of the requirement set out in Article 92a(1), point (a), of that Regulation; (b) the internal MREL requirement pursuant to Article 45f of Directive 2014/59/EU, when calculated in accordance with Article 45(2), point (a), of that Directive. The CET1 available shall be expressed in percent of the total risk exposure amount as reported in row 0100. The reported figure shall be identical in both internal MREL and internal TLAC columns. It shall take into account the effect of transitional provisions on the own funds and eligible liabilities, the total risk exposure amount and the requirements themselves. Neither the guidance on additional own funds as referred to by Article 104b of Directive 2013/36/EU nor the combined buffer requirement set out in Article 128, first subparagraph, point (6),of that Directive shall be considered. |
| 0500 – 0550 | Memorandum items |
| 0500 | Combined buffer requirement (%) Article 128, first subparagraph, point (6), of Directive 2013/36/EU The combined buffer requirement shall be expressed as a percentage of the total risk exposure amount. |
| 0510 | of which: capital conservation buffer requirement The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the capital conservation buffer requirement. |
| 0520 | of which: countercyclical buffer requirement The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the countercyclical buffer requirement. |
| 0530 | of which: systemic risk buffer requirement The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the systemic risk buffer requirement. |
| 0540 | of which: Global Systemically Important Institution (G-SII) or Other Systemically Important Institution (O-SII) buffer The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the G-SII or O-SII buffer requirement. |
| 0550 – 0600 | 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 0550 to 0600. 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. |
| 0550 | 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 eligible to meet the requirements set out in Article 45 and 45f of that Directive. |
| 0560 | 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. |
| 0570 | 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. |
| 0580 – 0600 | Breakdown of other bail-inable liabilities by residual maturity |
| 0580 | Residual maturity of < 1 year |
| 0590 | Residual maturity of >= 1 year and < 2 years |
| 0600 | Residual maturity of >= 2 years |
| 0610 | Excluded liabilities Article 72a(2) of Regulation (EU) No 575/2013. |
| 0620 | Own funds instruments issued by liquidation entities of the same resolution group Holdings of own funds instruments issued by non-resolution entities that are liquidation entities, part of the same resolution group, and for which the resolution authority did not determine a minimum requirement for own funds and eligible liabilities in accordance with Article 45 of Directive 2014/59/EU. This amount shall be reported in this row irrespective of whether the conditions laid down in Article 45c(2a), fifth subparagraph, of Directive 2014/59/EU are met. |
| 0630 | Ratio of holdings of own funds instruments issued by liquidation entities over eligible own funds and eligible liabilities Article 45c(2a) of Directive 2014/59/EU. The ratio shall only be calculated for the remittance date of 31 December. For the other reference dates, the ratio calculated as of 31 December of the preceding year shall be reported. The ratio shall be reported as follows: — Numerator: Average of the 12 monthly values of the relevant calendar year of the holdings of own funds instruments issued by non-resolution entities that are liquidation entities, part of the same resolution group, and for which the resolution authority did not determine a minimum requirement for own funds and eligible liabilities in accordance with Article 45 of Directive 2014/59/EU. — Denominator: Average of the 12 monthly values of the relevant calendar year of the own funds and eligible liabilities of the reporting entity, calculated without taking into account the deductions of the holdings of own funds instruments pursuant to Article 45c(2a), fifth subparagraph, of Directive 2014/59/EU. |
6.This template requires information on the funding structure of the eligible liabilities of entities subject to MREL. The eligible liabilities are broken down by type of liability and maturity.
7.Entities shall report only liabilities eligible for meeting the Minimum requirement for own funds and eligible liabilities laid down in Directive 2014/59/EU (MREL / internal MREL) in this template.
8.Where the reporting entity is a resolution entity, eligible liabilities as defined in Article 2(1), point (71a), of Directive 2014/59/EU shall be reported, before the deduction of unused prior permission amounts. In case of eligible liabilities governed by the law of a third country, only those liabilities which meet the requirements set out in Article 55 of that Directive shall be included.
9.Where the reporting entity is an entity other than a resolution entity, it shall report eligible liabilities as referred to in Article 45f(2), point (a), of Directive 2014/59/EU in this template, considering also, where applicable, Article 89(2), fourth subparagraph, of that Directive, before the deduction of unused prior permission amounts. 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 that Directive.
10.The breakdown by type of liability is based on the same set of liability types used in the reporting for the purposes of resolution planning in accordance with Implementing Regulation (EU) 2018/1624. References to that Implementing Regulation are provided to define the different types of liabilities.
11.Where a maturity breakdown is required, the residual maturity shall be the time until the contractual maturity or, in accordance with the conditions of Articles 72c(2) or (3) of Regulation (EU) No 575/2013, the earliest possible date on which the option can be exercised. In case of interim payments of principal, the principal shall be split and allocated into the corresponding maturity buckets. Where applicable, the maturity shall be considered separately for both the principal amount and accrued interest.
| Row | Legal references and instructions |
|---|---|
| 0100 | ELIGIBLE LIABILITIES |
| 0200 | Deposits, not covered and not preferential >= 1 year Deposits, not covered and not preferential, as defined for the purposes of row 0320 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624, that are eligible for the purposes of Article 45 of Directive 2014/59/EU. |
| 0210 | of which: residual maturity >= 1 year and < 2 years |
| 0220 | of which: residual maturity >= 2 years |
| 0230 | of which: issued by subsidiaries |
| 0300 | Uncollateralised secured liabilities >= 1 year Uncollateralised secured liabilities, as defined for the purposes of row 0340 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624, that are eligible for the purposes of Article 45 of Directive 2014/59/EU. |
| 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 Structured notes, as defined for the purposes of row 0350 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624, that are eligible for the purposes of Article 45 of Directive 2014/59/EU. |
| 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 Senior unsecured liabilities, as defined for the purposes of row 0360 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624, that are eligible for the purposes of Article 45 of Directive 2014/59/EU. |
| 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 Senior non-preferred liabilities, as defined for the purposes of row 0365 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624, that are eligible for the purposes of Article 45 of Directive 2014/59/EU. |
| 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 Subordinated liabilities, as defined for the purposes of row 0370 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624, that are eligible for the purposes of Article 45 of Directive 2014/59/EU. |
| 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 Any other instrument that is eligible for the purposes of Article 45 of Directive 2014/59/EU. |
| 0810 | of which: residual maturity >= 1 year and < 2 years |
| 0820 | of which: residual maturity >= 2 years |
| 0830 | of which: issued by subsidiaries |
3. Creditor ranking
12.The templates M 05.00 and M 06.00 capture the ranking of eligible liabilities in the creditor hierarchy. Both templates are always reported at individual level.
13.In case of entities that are themselves not resolution entities, the amount attributable to each rank is further broken down into amounts owed to the resolution entity and other amounts not owed to the resolution entity, where applicable.
14.The ranking is presented from the most junior to the more senior. Rows for ranks shall be added until the most senior ranking eligible instrument and all liabilities ranking pari passu with it, have been reported.
15.Entities that are subject to the obligation to comply with the requirement set out in Article 92b of Regulation (EU) No 575/2013 shall report in this template:
(a) CET1 items as referred to in Article 26 of Regulation (EU) No 575/2013;
(b) AT1 items as referred to in Article 51 of Regulation (EU) No 575/2013;
(c) T2 instruments and the associated share premium, as referred to in Article 62, point (a) and (b), of Regulation (EU) No 575/2013, including the amortised part of the instrument not recognised for the purposes of complying with the requirements set out in Articles 92 or 92b of that Regulation (EU) or Article 45 of Directive 2014/59/EU; and
(d) liabilities instruments eligible to meet the internal MREL;
(e) other bail-in-able liabilities;
(f) liabilities excluded from bail-in; those liabilities shall be included to the extent that they rank pari passu with or junior to any instrument included in the amount of eligible liabilities for the purposes of internal MREL.
16.Amounts of instruments qualifying for the compliance with the requirements set out in Articles 92 or 92b of Regulation (EU) No 575/2013 or Article 45 of Directive 2014/59/EU in accordance with applicable transitional provisions shall also be considered in scope of the instruments and items listed in paragraph 20.
17.The amounts of instruments referred to in paragraph 20, points (a), (b) and (c), shall be the amount after deducting holdings of own 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.
18.The amounts of instruments referred to in paragraph 20, points (a) to (d), shall be the amount before deducting unused prior permission amounts.
19.Entities that are not subject to the obligation to comply with the requirement set out in Article 92b of Regulation (EU) No 575/2013, but are subject to the obligation to comply with the requirement set out in Article 45 of Directive 2014/59/EU in accordance with Article 45f of that Directive, shall report in this template the instruments and item specified in paragraph 20 of this Section, with the exception of the liabilities excluded from bail-in referred to in point (f) of that paragraph.
20.By way of derogation from paragraph 24, those entities may choose to report the same scope of own funds and liabilities as specified in paragraph 20.
21.Entities that, at the date of the reporting of that in-formation, hold amounts of own funds and eligible liabilities of at least 150 % of the requirement referred to in Article 45(1) of Directive 2014/59/EU, shall be exempted from reporting information on other bail-in-able liabilities. Such entities may opt to report information on other bail-in-able liabilities in this template on a voluntary basis.
22.The combination of columns 0010 and 0020 is a row identifier which shall be unique for all rows in the template.
| Columns | Legal references and instructions |
|---|---|
| 0010 | Insolvency rank The number of the insolvency rank in the creditor hierarchy of the reporting entity shall be reported, starting with the most junior rank. The insolvency rank shall be one of the ranks included in the insolvency rankings published by the resolution authority of that jurisdiction. |
| 0020 | Type of creditor The type of creditor shall be one of the following: — ‘Resolution entity’ — This entry shall be selected to report the amounts owned directly or indirectly by the resolution entity through entities along the chain of ownership, where applicable. — ‘Entities other than the resolution entity’ — This entry shall be selected to report the amounts owned by other creditors, where applicable. |
| 0030 | Description of insolvency rank The description included in the insolvency rankings published by the resolution authority of that jurisdiction, where a standardised list including such a description is available. Otherwise, own description of the insolvency rank by the institution, mentioning at least the main type of instrument in the respective insolvency rank. |
| 0040 | Liabilities and own funds The amount of own funds, of eligible liabilities and, where applicable, of other bail-in-able liabilities that is allocated to the insolvency rank indicated in column 0010 shall be reported. Where applicable, this column shall include also liabilities excluded from bail-in to the extent they are ranking lower than or pari passu with own funds and eligible liabilities. In case of entities referred to in paragraph 24, this column shall be left empty, unless those entities choose to apply the derogation of paragraph 25. |
| 0050 | Of which: excluded liabilities Amount of liabilities excluded in accordance with Article 72a(2) of Regulation (EU) No 575/2013 or Article 44(2) of Directive 2014/59/EU. Where the resolution authority decided to exclude liabilities in accordance with Article 44(3) of that Directive, those excluded liabilities shall be reported in this column as well. In case of entities referred to in paragraph 24, this column shall be left empty, unless those entities choose to apply the derogation of paragraph 25. |
| 0060 | Liabilities and own funds less excluded liabilities Where entities fill in column 0040, the amount of liabilities and own funds, as reported in column 0040, shall be reported, reduced by the amount of excluded liabilities reported in column 0050. Where entities do not fill in column 0040, they shall report own funds and liabilities eligible for the purposes of internal MREL in this column. Other bail-in-able liabilities shall be reported in this column subject to the conditions specified in paragraph 26. |
| 0070 | of which: own funds and eligible liabilities for the purpose of internal MREL The amount of own funds and eligible liabilities counting towards internal MREL in accordance with Article 45f(2) of Directive 2014/59/EU shall be reported. |
| 0080 – 0110 | of which: with a residual maturity of The amount of own funds and eligible liabilities counting towards internal MREL, as reported in column 0070, shall be broken down by the residual maturity of the different instruments and items. Instruments and items of perpetual nature shall not be considered in this breakdown, but be reported separately in column 0120. |
| 0080 | ≥ 1 year < 2 years |
| 0090 | ≥ 2 year < 5 years |
| 0100 | ≥ 5 years < 10 years |
| 0110 | ≥ 10 years |
| 0120 | Of which: perpetual securities Perpetual securities and all CET1 items, as well as the share premium on AT1 and T2 instruments included in the scope of this template, shall be allocated to this column. |
23.Entities that are subject to the obligation to comply with the requirement set out in Article 92a of Regulation (EU) No 575/2013 shall report in this template
(a) CET1 items as referred to in Article 26 of Regulation (EU) No 575/2013;
(b) AT1 items as referred to in Article 51 of Regulation (EU) No 575/2013;
(c) T2 instruments and the associated share premium, as referred to in Article 62, point (a) and (b), of Regulation (EU) No 575/2013, including the amortised part of the instrument not recognised for the purposes of complying with the requirements set out in Articles 92 or 92a of Regulation (EU) No 575/2013 or Article 45 of Directive 2014/59/EU;
(d) liabilities instruments eligible to meet the MREL;
(e) other bail-in-able liabilities,
(f) liabilities excluded from bail-in; those liabilities shall be included to the extent that they rank pari passu with or junior to any instrument included in the amount of eligible liabilities for the purposes of MREL.
24.Amounts of instruments qualifying for the compliance with the requirements set out in Articles 92 or 92a of Regulation (EU) No 575/2013 or Article 45 of Directive 2014/59/EU in accordance with applicable transitional provisions shall also be considered in scope of the instruments and items listed in paragraph 28.
25.Entities that are not subject to the obligation to comply with the requirement set out in Article 92a of Regulation (EU) No 575/2013, but are subject to the obligation to comply with the requirement set out in Article 45 of Directive 2014/59/EU in accordance with Article 45e of that Directive, shall report in this template the instruments and items specified in paragraph 28 of this Section, with the exception of the liabilities excluded from bail-in referred to in point (f) of that paragraph.
26.By way of derogation from paragraph 30, those entities may choose to report the same scope of own funds and liabilities as specified in paragraph 28.
27.The amounts of instruments referred to in paragraph 28, points (a), (b) and (c), shall be the amount after deducting holdings of own 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.
28.The amounts of instruments referred to in paragraph 28, points (a) to (d) shall be the amount before deducting unused prior permission amounts.
29.Entities that, at the date of the reporting of that in-formation, hold amounts of own funds and eligible liabilities of at least 150 % of the requirement referred to in Article 45(1) of Directive 2014/59/EU, shall be exempted from reporting information on other bail-in-able liabilities. Such entities may opt to report information on other bail-in-able liabilities in this template on a voluntary basis.
| Columns | Legal references and instructions |
|---|---|
| 0010 | Insolvency rank See instructions on column 0010 of template M 05.00 This column is a row identifier which shall be unique for all rows in the template. |
| 0020 | Description of insolvency rank See instructions on column 0030 of template M 05.00 |
| 0030 | Liabilities and own funds The amount of own funds, of eligible liabilities and, where applicable, of other bail-in-able liabilities, that is allocated to the insolvency rank indicated in column 0010 shall be reported. Where applicable, this column shall include also liabilities excluded from bail-in to the extent they are ranking lower than or pari passu with eligible liabilities. In case of entities referred to in paragraph 30, this column shall be left empty, unless those entities choose to apply the derogation of paragraph 31. |
| 0040 | Of which: excluded liabilities Amount of liabilities excluded pursuant to Article 72a(2) of Regulation (EU) No 575/2013 or Article 44(2) of Directive 2014/59/EU. In case of entities referred to in paragraph 30, this column shall be left empty, unless those entities choose to apply the derogation of paragraph 31. |
| 0050 | Liabilities and own funds less excluded liabilities Where entities fill in column 0030, the amount of liabilities and own funds, as reported in column 0030, shall be reported, reduced by the amount of excluded liabilities reported in column 0040. Where entities do not fill in column 0030, they shall report own funds and liabilities eligible for the purposes of MREL in this column. Other bail-inable liabilities shall be reported in this column subject to the conditions specified in paragraph 34. |
| 0060 | of which: own funds and liabilities potentially eligible for meeting MREL The amount of own funds and liabilities eligible for the purpose of meeting the requirements set out in Article 45 of Directive 2014/59/EU in accordance with Article 45e of that Directive. |
| 0070 – 0100 | of which: with a residual maturity of The amount of own funds and liabilities eligible for the purpose of meeting the requirement set out in Articles 45 of Directive 2014/59/EU in accordance with Article 45e of that Directive, as reported in column 0060, shall be broken down by the residual maturity of the different instruments and items. Instruments and items of perpetual nature shall not be considered in this breakdown, but be reported separately in column 0110. |
| 0070 | ≥ 1 year < 2 years |
| 0080 | ≥ 2 year < 5 years |
| 0090 | ≥ 5 years < 10 years |
| 0100 | ≥ 10 years |
| 0110 | Of which: perpetual securities Perpetual securities and all CET1 items, as well as the share premium on AT1 and T2 instruments included in the scope of this template, shall be allocated to this column. |
4. M 07.00 – Instruments governed by third-country law (MTCI)
30.Template M 07.00 provides a contract-by-contract breakdown of instruments that qualify as own funds and eligible liabilities for the purposes of MREL. Only instruments that are governed by the law of a third country shall be reported in the template.
31.In relation to eligible liabilities that are not subordinated to excluded liabilities, entities shall only report securities which are fungible, negotiable financial instruments, at the exclusion of loans and deposits.
32.In case of instruments partially qualifying for two different classes of own funds or eligible liabilities, the instrument shall be reported two times to reflect the amounts allocated to the different capital classes separately.
33.The combination of columns 0020 (Code of the issuing entity), 0040 (Contract identifier) and 0070 (Type of own funds or eligible liabilities) constitutes a row identifier, which must be unique for each row reported in the template.
| Columns | Legal references and instructions |
|---|---|
| 0010 – 0030 | Issuing entity Where the information is reported with reference to a resolution group, the entity of the group that issued the respective instrument shall be indicated. Where the information is reported, with reference to a single resolution entity, the issuing entity shall be the reporting entity itself. |
| 0010 | Name Name of the entity that issued the own funds instrument or the eligible liability instrument |
| 0020 | Code Code of the entity that issued the own funds instrument or the eligible liability instrument. The code as part of a row identifier must be unique for each reported entity. For institutions, the code shall be the LEI code. For other entities the code shall be the LEI code, or if not available, a national code. The code shall be unique and used consistently across the templates and across time. The code shall always have a value. |
| 0030 | Type of code The institutions shall identify the type of code reported in column 0020 as a ‘LEI code’ or ‘Non-LEI code’. The type of code shall always be reported. |
| 0040 | Contract identifier The contract identifier of the instrument, such as CUSIP, ISIN or Bloomberg identifier for private placement, shall be reported. This item is part of the row identifier. |
| 0050 | Governing law (third country) The third country (countries other than the countries of the EEA) the law of which governs the contract, or parts of the contract, shall be indicated. |
| 0060 | Contractual recognition of write down and conversion powers It shall be indicated whether the contract contains the contractual terms referred to in Article 55(1) of Directive 2014/59/EU, Article 52(1), points (p) and (q), and Article 63, points (n) and (o), of Regulation (EU) No 575/2013. |
| 0070 – 0080 | Regulatory treatment |
| 0070 | Type of own funds or eligible liabilities Type of own funds or eligible liabilities, as which the instrument qualifies at the reference date. Transitional provisions on the eligibility of instruments shall be taken into consideration. Instruments that qualify for multiple capital classes shall be reported once per applicable capital class. The type of own funds or eligible liabilities shall be one of the following: — CET1 — Additional Tier 1 — Tier 2 — Eligible liabilities |
| 0080 | Instrument type The type of instrument to be specified depends on the governing law under which it is issued. In case of CET1 instruments, the type of instrument shall be selected from the list of CET1 instruments published by the EBA pursuant to Article 26(3) of Regulation (EU) No 575/2013. In case of own funds other than CET1, and eligible liabilities, the type of instrument shall be selected from a list of corresponding instruments published by EBA, competent authorities or resolution authorities, where such list is available. Where no list is available, the reporting entity shall specify the type of instruments itself. |
| 0090 | Amount The amount recognised in own funds or eligible liabilities shall be reported considering the level the report refers to, in case of instruments included at multiple levels. The amount shall be the amount relevant at the reference date, considering the effect of transitional provisions. |
| 0100 – 0110 | Rank in normal insolvency proceedings The ranking of the instrument in normal insolvency proceedings shall be specified. It shall consist of the two letter ISO code of the country the law of which governs the ranking of the contract (column 0100), which shall be the law of a Member State, and the number of the relevant insolvency rank (column 0110). The relevant insolvency rank shall be determined based on the insolvency rankings published by resolution or other authorities, where such a standardised list is available. |
| 0120 | Maturity The maturity of the instrument shall be reported in the following format: dd/mm/yyyy. In case of perpetual instruments, the cell shall be left empty. |
| 0130 | (First) Call date Where the issuer possesses a call option, the first date at which the call can be exercised shall be reported. If the first call date has occurred prior to the reference date, that date shall be reported if the call is still exercisable. If it is not exercisable anymore, the next date at which the call be exercised shall be reported. In case of issuer call options with unspecified exercise date or call options triggered by specific events, the conservatively estimated likely call date shall be reported. Regulatory or tax calls options shall not be considered for the purposes of this column. |
| 0140 | Regulatory call (Y/N) It shall be indicated whether the issuer possesses a call option exercisable upon the occurrence of a regulatory event affecting the eligibility of the contract to MREL. |
ANNEX III
Part I: Single Data Point Model
All data items set out in Annexes I and II shall be transformed into a single data point model which shall be the basis for uniform IT systems of institutions, competent authorities and resolution authorities.
The single data point model shall meet the following criteria:
(a) it provides a structured representation of all data items set out in Annex I;
(b) it identifies all the business concepts set out in Annexes I and II;
(c) it provides a data dictionary identifying table labels, ordinate labels, axis labels, domain labels, dimension labels and member labels;
(d) it provides metrics which define the property or amount of data points;
(e) it provides data point definitions that are expressed as a composition of characteristics that univocally identify the concept;
(f) it contains all the relevant technical specifications necessary for developing IT reporting solutions producing uniform supervisory data.
Part II: Validation rules
The data items set out in Annexes I and II shall be subject to validation rules ensuring data quality and consistency.
The validation rules shall meet the following criteria:
(a) they define the logical relationships between relevant data points;
(b) they include filters and preconditions that define a set of data to which a validation rule applies;
(c) they check the consistency of the reported data;
(d) they check the accuracy of the reported data;
(e) they set default values to be applied where the relevant information has not been reported.
ANNEX IV
| Rank (1) | Name | Description | Legal basis | Comments |
|---|---|---|---|---|
| 1 | ||||
| 2 | ||||
| 3 | ||||
| 4 | ||||
| 5 | ||||
| 6 | ||||
| 7 | ||||
| 8 | ||||
| 9 | ||||
| 10 | ||||
| 11 | ||||
| 12 | ||||
| 13 | ||||
| 14 | ||||
| 15 | ||||
| 16 | ||||
| 17 | ||||
| 18 | ||||
| 19 | ||||
| 20 | ||||
| (1) The ranking starts with the most junior ranking instruments and items. If there are less than 20 different insolvency ranks in the jurisdiction, the rows corresponding to the non-existing insolvency ranks shall be left empty |
ANNEX V
| Template code | Name of the template |
|---|---|
| EU KM2 | Key metrics - MREL and, where applicable, G-SII requirement for own funds and eligible liabilities |
| EU TLAC1 | Composition - MREL and, where applicable, G-SII requirement for own funds and eligible liabilities |
| EU iLAC | Internal loss absorbing capacity: internal MREL and, where applicable, requirement for own funds and eligible liabilities for non-EU G-SIIs |
| EU TLAC2 | Creditor ranking - Entity that is not a resolution entity |
| EU TLAC3 | Creditor ranking - resolution entity |
EU KM2: Key metrics - MREL and, where applicable, G-SII requirement for own funds and eligible liabilities
| a | b | c | d | e | f | ||
|---|---|---|---|---|---|---|---|
| Minimum requirement for own funds and eligible liabilities (MREL) | G-SII Requirement for own funds and eligible liabilities (TLAC) | ||||||
| T | T | T-1 | T-2 | T-3 | T-4 | ||
| Own funds and eligible liabilities, ratios and components | |||||||
| 1 | Own funds and eligible liabilities | ||||||
| EU-1a | Of which own funds and subordinated liabilities | ||||||
| 2 | Total risk exposure amount of the resolution group (TREA) | ||||||
| 3 | Own funds and eligible liabilities as a percentage of the TREA | ||||||
| EU-3a | Of which own funds and subordinated liabilities | ||||||
| 4 | Total exposure measure (TEM) of the resolution group | ||||||
| 5 | Own funds and eligible liabilities as percentage of the TEM | ||||||
| EU-5a | Of which own funds or subordinated liabilities | ||||||
| 6a | Does the subordination exemption in Article 72b(4) of Regulation (EU) No 575/2013 apply? (5 % exemption) | ||||||
| 6b | Aggregate amount of permitted non-subordinated eligible liabilities instruments if the subordination discretion in accordance with Article 72b(3) of Regulation (EU) No 575/2013 is applied (max 3,5 % exemption) | ||||||
| 6c | If a capped subordination exemption applies in accordance with Article 72b (3) of Regulation (EU) No 575/2013, the amount of funding issued that ranks pari passu with excluded liabilities and that is recognised under row 1, divided by funding issued that ranks pari passu with excluded liabilities and that would be recognised under row 1 if no cap was applied (%) | ||||||
| Minimum requirement for own funds and eligible liabilities (MREL) | |||||||
| EU-7 | MREL expressed as a percentage of the TREA | ||||||
| EU-8 | Of which to be met with own funds or subordinated liabilities | ||||||
| EU-9 | MREL expressed as a percentage of the TEM | ||||||
| EU-10 | Of which to be met with own funds or subordinated liabilities |
EU TLAC1 – Composition – MREL and, where applicable, G-SII requirement for own funds and eligible liabilities
| a | b | c | ||
|---|---|---|---|---|
| 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 | ||
| Own funds and eligible liabilities and adjustments | ||||
| 1 | Common Equity Tier 1 capital (CET1) | |||
| 2 | Additional Tier 1 capital (AT1) | |||
| 3 | Empty set in the EU | |||
| 4 | Empty set in the EU | |||
| 5 | Empty set in the EU | |||
| 6 | Tier 2 capital (T2) | |||
| 7 | Empty set in the EU | |||
| 8 | Empty set in the EU | |||
| 11 | Own funds for the purpose of Articles 92a of Regulation (EU) No 575/2013 and 45 of Directive 2014/59/EU | |||
| Own funds and eligible liabilities: Non-regulatory capital elements | ||||
| 12 | Eligible liabilities instruments issued directly by the resolution entity that are subordinated to excluded liabilities (not grandfathered) | |||
| EU-12a | Eligible liabilities instruments issued by other entities within the resolution group that are subordinated to excluded liabilities (not grandfathered) | |||
| EU-12b | Eligible liabilities instruments that are subordinated to excluded liabilities issued prior to 27 June 2019 (subordinated grandfathered) | |||
| EU-12c | Tier 2 instruments with a residual maturity of at least one year to the extent they do not qualify as Tier 2 items | |||
| 13 | Eligible liabilities that are not subordinated to excluded liabilities (not grandfathered pre-cap) | |||
| EU-13a | Eligible liabilities that are not subordinated to excluded liabilities issued prior to 27 June 2019 (pre-cap) | |||
| 14 | Amount of non subordinated eligible liabilities instruments, where applicable after application of Article 72b (3) CRR | |||
| 15 | Empty set in the EU | |||
| 16 | Empty set in the EU | |||
| 17 | Eligible liabilities items before adjustments | |||
| EU-17a | Of which subordinated liabilities items | |||
| Own funds and eligible liabilities: Adjustments to non-regulatory capital elements | ||||
| 18 | Own funds and eligible liabilities items before adjustments | |||
| 19 | (Deduction of exposures between multiple point of entry (MPE) resolution groups) | |||
| 20 | (Deduction of investments in other eligible liabilities instruments) | |||
| 21 | Empty set in the EU | |||
| 22 | Own funds and eligible liabilities after adjustments | |||
| EU-22a | Of which: own funds and subordinated liabilities | |||
| Risk-weighted exposure amount and leverage exposure measure of the resolution group | ||||
| 23 | Total risk exposure amount (TREA) | |||
| 24 | Total exposure measure (TEM) | |||
| Ratio of own funds and eligible liabilities | ||||
| 25 | Own funds and eligible liabilities as a percentage of TREA | |||
| EU-25a | Of which own funds and subordinated liabilities | |||
| 26 | Own funds and eligible liabilities as a percentage of TEM | |||
| EU-26a | Of which own funds and subordinated liabilities | |||
| 27 | CET1 (as a percentage of the TREA) available after meeting the resolution group’s requirements | |||
| 28 | Institution-specific combined buffer requirement | |||
| 29 | of which capital conservation buffer requirement | |||
| 30 | of which countercyclical buffer requirement | |||
| 31 | of which systemic risk buffer requirement | |||
| EU-31a | of which Global Systemically Important Institution (G-SII) or Other Systemically Important Institution (O-SII) buffer | |||
| Memorandum items | ||||
| EU-32 | Total amount of excluded liabilities referred to in Article 72a(2) of Regulation (EU) No 575/2013 |
EU ILAC – Internal loss absorbing capacity: internal MREL and, where applicable, requirement for own funds and eligible liabilities for non-EU G-SIIs
| a | b | c | ||
|---|---|---|---|---|
| Minimum requirement for own funds and eligible liabilities (internal MREL) | Non-EU G-SII requirement for own funds and eligible liabilities (internal TLAC) | Qualitative information | ||
| Applicable requirement and level of application | ||||
| EU-1 | Is the entity subject to a non-EU G-SII requirement for own funds and eligible liabilities? (Y/N) | |||
| EU-2 | If EU-1 is answered by 'Yes', is the requirement applicable on a consolidated or individual basis? (C/I) | |||
| EU-2a | Is the entity subject to an internal MREL? (Y/N) | |||
| EU-2b | If EU-2a is answered by 'Yes', is the requirement applicable on a consolidated or individual basis? (C/I) | |||
| Own funds and eligible liabilities | ||||
| EU-3 | Common Equity Tier 1 capital (CET1) | |||
| EU-4 | Eligible Additional Tier 1 capital | |||
| EU-5 | Eligible Tier 2 capital | |||
| EU-6 | Eligible own funds | |||
| EU-7 | Eligible liabilities | |||
| EU-8 | of which permitted guarantees | |||
| EU-9a | (Adjustments) | |||
| EU-9b | Own funds and eligible liabilities items after adjustments | |||
| Total risk exposure amount and total exposure measure | ||||
| EU-10 | Total risk exposure amount (TREA) | |||
| EU-11 | Total exposure measure (TEM) | |||
| Ratio of own funds and eligible liabilities | ||||
| EU-12 | Own funds and eligible liabilities as a percentage of the TREA | |||
| EU-13 | of which permitted guarantees | |||
| EU-14 | Own funds and eligible liabilities as a percentage of the TEM | |||
| EU-15 | of which permitted guarantees | |||
| EU-16 | CET1 (as a percentage of the TREA) available after meeting the entity’s requirements | |||
| EU-17 | Institution-specific combined buffer requirement | |||
| Requirements | ||||
| EU-18 | Requirement expressed as a percentage of the TREA | |||
| EU-19 | of which part of the requirement that may be met with a guarantee | |||
| EU-20 | Requirement expressed as percentage of the TEM | |||
| EU-21 | of which part of the requirement that may be met with a guarantee | |||
| Memorandum items | ||||
| EU-22 | Total amount of excluded liabilities referred to in Article 72a(2) of Regulation (EU) No 575/2013 |
EU TLAC2a: Creditor ranking - Entity that is not a resolution entity
| Insolvency ranking | Sum of 1 to n | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | 2 | 2 | … | n | n | |||
| (most junior) | (most junior) | (most senior) | (most senior) | ||||||
| Resolution entity | Other | Resolution entity | Other | … | Resolution entity | Other | |||
| 1 | Empty set in the EU | ||||||||
| 2 | Description of insolvency rank (free text) | ||||||||
| 3 | Liabilities and own funds | ||||||||
| 4 | of which excluded liabilities | ||||||||
| 5 | Liabilities and own funds less excluded liabilities | ||||||||
| 6 | Subset of liabilities and own funds less excluded liabilities that are own funds and eligible liabilities for the purpose of [choose as a appropriate: internal MREL/internal TLAC] | ||||||||
| 7 | of which residual maturity ≥ 1 year < 2 years | ||||||||
| 8 | of which residual maturity ≥ 2 year < 5 years | ||||||||
| 9 | of which residual maturity ≥ 5 years < 10 years | ||||||||
| 10 | of which residual maturity ≥ 10 years, but excluding perpetual securities | ||||||||
| 11 | of which perpetual securities |
EU TLAC2b: Creditor ranking - Entity that is not a resolution entity
| Insolvency ranking | Sum of 1 to n | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | 2 | 2 | … | n | n | |||
| (most junior) | (most junior) | (most senior) | (most senior) | ||||||
| Resolution entity | Other | Resolution entity | Other | … | Resolution entity | Other | |||
| 1 | Empty set in the EU | ||||||||
| 2 | Description of insolvency rank (free text) | ||||||||
| 3 | Empty set in the EU | ||||||||
| 4 | Empty set in the EU | ||||||||
| 5 | Empty set in the EU | ||||||||
| 6 | Own funds and eligible liabilities for the purpose of internal MREL | ||||||||
| 7 | of which residual maturity ≥ 1 year < 2 years | ||||||||
| 8 | of which residual maturity ≥ 2 year < 5 years | ||||||||
| 9 | of which residual maturity ≥ 5 years < 10 years | ||||||||
| 10 | of which residual maturity ≥ 10 years, but excluding perpetual securities | ||||||||
| 11 | of which perpetual securities |
EU TLAC3a: creditor ranking - resolution entity
| Insolvency ranking | Sum of 1 to n | |||||
|---|---|---|---|---|---|---|
| 1 | 2 | … | n | |||
| (most junior) | (most senior) | |||||
| 1 | Description of insolvency rank (free text) | |||||
| 2 | Liabilities and own funds | |||||
| 3 | of which excluded liabilities | |||||
| 4 | Liabilities and own funds less excluded liabilities | |||||
| 5 | Subset of liabilities and own funds less excluded liabilities that are own funds and liabilities potentially eligible for meeting [choose as a appropriate: MREL/TLAC] | |||||
| 6 | of which residual maturity ≥ 1 year < 2 years | |||||
| 7 | of which residual maturity ≥ 2 year < 5 years | |||||
| 8 | of which residual maturity ≥ 5 years < 10 years | |||||
| 9 | of which residual maturity ≥ 10 years, but excluding perpetual securities | |||||
| 10 | of which perpetual securities |
EU TLAC3b: creditor ranking - resolution entity
| Insolvency ranking | Sum of 1 to n | |||||
|---|---|---|---|---|---|---|
| 1 | 2 | … | n | |||
| (most junior) | (most senior) | |||||
| 1 | Description of insolvency rank (free text) | |||||
| 2 | Empty set in the EU | |||||
| 3 | Empty set in the EU | |||||
| 4 | Empty set in the EU | |||||
| 5 | Own funds and liabilities potentially eligible for meeting MREL | |||||
| 6 | of which residual maturity ≥ 1 year < 2 years | |||||
| 7 | of which residual maturity ≥ 2 year < 5 years | |||||
| 8 | of which residual maturity ≥ 5 years < 10 years | |||||
| 9 | of which residual maturity ≥ 10 years, but excluding perpetual securities | |||||
| 10 | of which perpetual securities |
ANNEX VI
1. General instructions: Structure and conventions
1.1. Structure
1.This framework for disclosures on MREL and TLAC consists of three groups of templates:
(a) MREL and TLAC of resolution groups and resolution entities;
(b) MREL and TLAC of non-resolution entities and material subsidiaries of non-EU global systemically important institutions (G-SIIs);
(c) creditor ranking of issuing entities.
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 Annex.
1.2. Abbreviations
3.The following abbreviations 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 requirement for own funds and eligible liabilities for 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.
2. EU KM2: Key metrics – MREL and, where applicable, G-SII requirement for own funds and eligible liabilities
4.Entities shall explain in the narrative accompanying the template any material difference between the own funds amounts disclosed and the IFRS 9 fully loaded amount at the resolution group level. They shall also explain any material difference between the IFRS 9 fully loaded amount at the resolution group level compared to the IFRS 9 fully loaded amount at prudential group level.
| Columns | Legal references and instructions |
|---|---|
| a | Entities shall disclose in this column the relevant information on MREL in accordance with Articles 45 and 45e of Directive 2014/59/EU. Entities shall disclose the value as of the end of the disclosure period. |
| b to f | Entities that are G-SIIs subject to the TLAC requirement pursuant to Article 92a of Regulation (EU) No 575/2013 shall disclose in these columns the relevant information on that requirement. Disclosure periods T, T-1, T-2, T-3 and T-4 are quarterly periods. Entities shall disclose the dates corresponding to the disclosure periods. Entities disclosing this information on a quarterly basis shall provide data for periods T, T-1, T-2, T-3 and T-4; entities disclosing this information on a semi-annual basis shall provide data for periods T, T-2 and T-4; and entities disclosing this information on an annual basis shall provide data for periods T and T-4 |
| Rows | Legal references and instructions |
| --- | --- |
| 1 | Own funds and eligible liabilities Equal to the values disclosed in disclosure template EU TLAC1 row 22. |
| EU-1a | Own funds and eligible liabilities – of which own funds and subordinated liabilities Equal to the value disclosed in disclosure template EU TLAC1 row EU-22a. Own funds, eligible liabilities included in the amount of own funds and eligible liabilities pursuant to Article 45b of Directive 2014/59/EU which are subordinated eligible instruments as defined in Article 2(1), point (71b), of that Directive and liabilities included in the amount of own funds and eligible liabilities pursuant to 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 set out in Article 55 of Directive 2014/59/EU. |
| 2 | Total risk exposure amount (TREA) of the resolution group Equal to the value disclosed in disclosure template EU TLAC1 row 23. Article 45(2), point (a), of Directive 2014/59/EU, Article 92(3) of Regulation (EU) No 575/2013. |
| 3 | Own funds and eligible liabilities as a percentage of the TREA Equal to the values disclosed in disclosure template EU TLAC1 row 25. For the purposes of this row, the amount of own funds and eligible liabilities that is disclosed in row 1 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. |
| EU-3a | Own funds and eligible liabilities as a percentage of the TREA – of which own funds and subordinated liabilities Equal to the value disclosed in disclosure template EU TLAC1 row EU-25a. For the purposes of this row, the amount of own funds and subordinated eligible liabilities that is presented in row EU-1a 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. |
| 4 | Total exposure measure (TEM) of the resolution group Equal to the value disclosed in disclosure template EU TLAC1 row 24. Article 45(2), point (b), of Directive 2014/59/EU, Article 429(4) and Article 429a of Regulation (EU) No 575/2013. |
| 5 | Own funds and eligible liabilities as a percentage of the TEM Equal to the value disclosed in disclosure template EU TLAC1 row 26. For the purposes of this row, the amount of own funds and eligible liabilities that is presented in row 1 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. |
| EU-5a | Own funds and eligible liabilities as a percentage of the TEM – of which own funds and subordinated liabilities Equal to the value disclosed in disclosure template EU TLAC1 row EU-26a. For the purposes of this row, the amount of own funds and subordinated eligible liabilities that is presented in row EU-1a 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 |
| 6a | Does the subordination exemption in Article 72b(4) of Regulation (EU) No 575/2013 apply? (5 % exemption) This row shall only be disclosed by entities subject to the requirement for own funds and eligible liabilities for G-SIIs. If 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’. If 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 resolution group or resolution entity shall indicate ‘no’. As exemptions in Article 72b(3) and (4) of Regulation (EU) No 575/2013 are mutually exclusive, this row shall be left empty if the reporting entity has filled in row 6b. |
| 6b | Aggregate amount of permitted non-subordinated eligible liabilities instruments if the subordination discretion in accordance with Article 72b(3) of Regulation (EU) No 575/2013 is applied (max 3,5 % exemption) This row shall only be disclosed by entities subject to the G-SII requirement for own funds and eligible liabilities. Aggregate amount of non-subordinated eligible liabilities instruments which the resolution authority has permitted to qualify as eligible liabilities instruments for the purposes of TLAC pursuant to Article 72b(3) of Regulation (EU) No 575/2013. As exemptions in Article 72b(3) and (4) of Regulation (EU) No 575/2013 are mutually exclusive, this row shall be left empty if the entity indicates ‘yes’ in row 6a. |
| 6c | If a capped subordination exemption applies in accordance with Article 72b(3) of Regulation (EU) No 575/2013, the amount of funding issued that ranks pari passu with excluded liabilities and that is recognised under row 1, divided by funding issued that ranks pari passu with excluded liabilities and that would be recognised under row 1 if no cap was applied (%) This row shall only be disclosed by entities subject to the G-SII requirement for own funds and eligible liabilities. This row informs the owners of senior debt issued by the resolution entity about the percentage of non-excluded senior debt that has been considered eligible, so that, where applicable, they will be able to apply the deductions regime set out in Article 72e of Regulation (EU) No 575/2013. Where a capped subordination exemption applies under Article 72b(3) of Regulation (EU) No 575/2013, entities shall report: (a) the amount of funding 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 presented in row 1; (b) divided by the amount of funding issued that ranks pari passu with excluded liabilities as referred to in Article 72a(2) of Regulation (EU) No 575/2013 and that would be recognised under row 1 if no cap was applied. |
| Minimum requirement for own funds and eligible liabilities (MREL) | |
| EU-7 | MREL expressed as a percentage of the TREA The entity’s minimum requirement for own funds and eligible liabilities as determined by the resolution authority in accordance with Article 45e of Directive 2014/59/EU, expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013. |
| EU-8 | MREL expressed as a percentage of the TREA – of which to be met with own funds or subordinated liabilities Where applicable, the part of MREL which, pursuant to Article 45b, paragraphs (4) to (8), of Directive 2014/59/EU, the resolution authority has required to be met using own funds, subordinated eligible instruments or liabilities as referred to in paragraph 3 of that Article, expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013. |
| EU-9 | MREL expressed as a percentage of the TEM The reporting entity’s minimum requirement for own funds and eligible liabilities as determined by the resolution authority in accordance with Article 45e of Directive 2014/59/EU, 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. |
| EU-10 | MREL expressed as a percentage of the TEM – of which to be met with own funds or subordinated liabilities Where applicable, the part of MREL which, pursuant to Article 45b, paragraphs (4) to (8), of Directive 2014/59/EU, the resolution authority has required to be met using own funds, subordinated eligible instruments or liabilities as referred to in paragraph 3 of that Article, 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. |
3. EU TLAC 1: Composition – MREL and, where applicable, G-SII requirement for own funds and eligible liabilities
5.The own funds and eligible liabilities position related to the resolution group shall include only capital instruments and eligible liabilities issued by the resolution entity and, where compliant with Article 45b(3) of Directive 2014/59/EU or Article 88a of Regulation (EU) No 575/2013, as applicable, by subsidiaries of the resolution entity, at the exclusion of entities outside of the resolution group. Similarly, the own funds and eligible liabilities position is based on the total risk exposure amount (adjusted as permitted under Article 45h(2) of Directive 2014/59/EU) and total exposure measure calculated at the level of the resolution group.
6.Regarding the regulatory adjustments, entities shall disclose deductions from own funds and eligible liabilities as negative numbers and additions to own funds and eligible liabilities as positive numbers.
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