Commission Implementing Regulation (EU) 2022/2454 of 14 December 2022 laying down implementing technical standards for the application of Directive 2002/87/EC of the European Parliament and of the Council with regard to supervisory reporting of risk concentrations and intra-group transactions (Text with EEA relevance)

Article 1

Scope and frequency of reporting on significant intra-group transactions and risk concentrations

Article 2

Format of reporting on significant risk concentrations

Article 3

Format of reporting on significant intra-group transactions

Article 4

Transmission

Regulated entities or mixed financial holding companies shall submit the information referred to in Articles 1, 2 and 3 of this Regulation in the data exchange formats specified by the coordinator, in accordance with the following specifications:

(a) data points shall be reported using no decimals and precision equivalent to units;

(b) the reporting currency shall be the one used for the preparation of the consolidated financial statements.

Article 5

Entry into force and date of application

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

It shall apply from 31 December 2023.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

ANNEX I

FC.00   Summary template

FC.01   Equity-type transactions, debt and asset transfers

FC.02   Derivatives

FC.03   Off-balance sheet and contingent liabilities

FC.04   Insurance-reinsurance

FC.05   P&L

FC.06   Risk Concentration - Exposure by counterparties

FC.07   Risk Concentration – Exposure by currency, sector, country

Exposure by currency

Exposure by sector

Exposure by country

FC.08   Risk Concentration – Exposure by asset class and rating

Equity

National government, international financial organisation and central banks bonds

Regional governments, local authorities and public sector entities bonds

Corporate bonds

ANNEX II

PART I: GENERAL INSTRUCTIONS

1. Structure and conventions

The framework consists of nine blocks of templates:

(a) a summary template that gives an overview of intra-group transactions;

(b) an equity-type debt or asset template that gives an overview of intra-group transactions by all individual entities included in the scope of consolidation of the reporting entity regarding debt instruments, equity instruments or other asset transfers;

(c) a derivatives template that gives an overview of intra-group transactions by all individual entities included in the scope of the reporting for derivatives;

(d) off-balance-sheet items and contingent liabilities;

(e) insurance and reinsurance;

(f) profit and loss;

(g) risk concentration exposure by counterparty;

(h) risk concentration exposure by currency, sector and country;

(i) risk concentration exposure by asset class and rating.

Legal references shall be provided for each template. Part I of this annex sets out further detailed information regarding more general aspects of the reporting in each block of templates, instructions concerning specific positions and validation rules.

Institutions shall report using only the templates that are relevant, depending on the threshold set by the competent authorities.

This annex follows the labelling convention set in the templates when referring to the columns, rows and cells of the templates.

The following general notation is used in the instructions: {Template;Row;Column}.

Any amount that increases the exposure of an entity during the reporting period must be stated as a positive figure and any amount that reduces the total exposure of the entity must be stated as a negative figure. The figures shall relate only to the reporting period in question and not to previous reporting periods. Where a negative sign (-) precedes the label of an item, no positive figure shall be reported for that item.

When not specified, the value of the item shall be stated in accordance with the sectoral rules of the entity within the group.

The exchange rate used to report a currency exposure shall be the closing rate on the last day for which the relevant exchange rate is available in the reporting period to which the asset or liability relates.

Where sector-wide reporting is required, ancillary services undertakings as defined in Article 4(1), point (18), of Regulation (EU) No 575/2013 of the European Parliament and of the Council (⁴) shall be treated as part of the banking sector.

Where sector-wide reporting is required, investment firms as defined in Article 4(1), point (1), of Directive 2014/65/EU of the European Parliament and of the Council (⁵) shall be treated as part of the banking sector.

PART II: TEMPLATE-RELATED INSTRUCTIONS

1. FC.00 Summary template

Part II of this annex sets out additional instructions in relation to the templates provided in Annex I to this Regulation. The first column of the table in point 1.2. identifies the items to be reported by identifying the relevant columns and lines as shown in the template in that Annex.

In FC.00, the summary template, the total volume of all significant intra-group transactions between entities of a specific financial conglomerate within a given reporting period as set out in Article 8(2) of Directive 2002/87/EC shall be reported.

Where two or more transactions are part of a single economic operation, the value reported shall be the maximum cumulative exposure at any point in time during a given reporting period.

The information provided in the table shall therefore be the aggregation of values provided in the other reporting sheets.

Intra-group transactions where at least one party to the transaction is a regulated entity shall be reported. Transactions between investment funds (which are not covered either by the definition of an investment firm or by the definition of a regulated entity) and other non-regulated entities shall therefore not be reported.