LegalizeCommission 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
Without prejudice to the obligations laid down in Articles 7(2) and 8(2) of Directive 2002/87/EC, the coordinator appointed in accordance with Article 10 of that Directive may demand regulated entities or mixed financial holding companies to submit information about significant risk concentrations and significant intra-group transactions on an ad hoc basis, after having consulted the relevant competent authorities.
Regulated entities or mixed financial holding companies shall ensure that the data reported in accordance with Articles 7(2) and 8(2) of Directive 2002/87/EC are consistent with the data submitted in accordance with the requirements of the relevant sectoral rules as defined in Article 2(7) of that Directive, and in particular with Regulation (EU) No 575/2013 of the European Parliament and of the Council ([^E0001]) and Commission Delegated Regulation (EU) 2015/35 ([^E0002]).
In accordance with Annex II to Directive 2002/87/EC, the coordinator, after having consulted the relevant competent authorities, shall specify the type of transactions that regulated entities or mixed financial holding companies shall report.
Regulated entities or mixed financial holding companies shall submit to the coordinator any requested information and any corrections to the data without undue delay.
Article 2
Format of reporting on significant risk concentrations
When reporting information on significant risk concentrations in accordance with Article 7(2) of Directive 2002/87/EC, regulated entities or mixed financial holding companies shall submit the information referred to in templates FC.06, FC.07 and FC.08 of Annex I to this Regulation in accordance with the instructions laid down in Annex II to this Regulation.
When reporting, in accordance with Article 3(5), point (e), of Commission Delegated Regulation (EU) 2015/2303 ([^E0003]), to the coordinator appointed in accordance with Article 10 of Directive 2002/87/EC, information on the management of conflicts of interests and risks of contagion at the level of the financial conglomerate regarding significant risk concentrations, regulated entities or mixed financial holding companies shall use the format requested by that coordinator.
Article 3
Format of reporting on significant intra-group transactions
When reporting information on significant intra-group transactions in accordance with Article 8(2) of Directive 2002/87/EC, regulated entities or mixed financial holding companies shall submit the information referred to in templates FC.00 to FC.05 of Annex I to this Regulation in accordance with the instructions laid down in Annex II to this Regulation.
When reporting, in accordance with Article 2(4), point (d), of Delegated Regulation (EU) 2015/2303, to the coordinator appointed in accordance with Article 10 of Directive 2002/87/EC information on the management of conflicts of interests and risks of contagion at the level of the financial conglomerate regarding significant intra-group transactions, regulated entities or mixed financial holding companies shall use the format requested by the coordinator.
Article 4
Transmission
Regulated entities or mixed financial holding companies shall submit the information referred to in Articles 1, 2 and 3 of this Regulation in the data exchange formats specified by the coordinator, in accordance with the following specifications:
- (a) data points shall be reported using no decimals and precision equivalent to units;
- (b) the reporting currency shall be the one used for the preparation of the consolidated financial statements.
Article 5
Entry into force and date of application
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
It shall apply from 31 December 2023.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
ANNEX I
Templates for reporting on intra-group trasactions (IGT) and risk concentration (RC)
| Index | Index |
| FC.00 | Summary template |
| FC.01 | Equity-type transactions, debt and asset transfers |
| FC.02 | Derivatives |
| FC.03 | Off-balance sheet and contingent liabilities |
| FC.04 | Insurance-reinsurance |
| FC.05 | P&L |
| FC.06 | Risk Concentration - Exposure by counterparties |
| FC.07 | Risk Concentration – Exposure by currency, sector, country |
| FC.08 | Risk Concentration – Exposure by asset class and rating |
FC.00 Summary template
Image omitted; see official source
FC.01 Equity-type transactions, debt and asset transfers
Image omitted; see official source
FC.02 Derivatives
Image omitted; see official source
FC.03 Off-balance sheet and contingent liabilities
Image omitted; see official source
FC.04 Insurance-reinsurance
Image omitted; see official source
FC.05 P&L
Image omitted; see official source
FC.06 Risk Concentration - Exposure by counterparties
Image omitted; see official source
FC.07 Risk Concentration – Exposure by currency, sector, country
Exposure by currency
| Currency area | Exposure | % |
|---|---|---|
| Total | 100,00% |
Exposure by sector
| Sector | Exposure | % |
|---|---|---|
| Total | 100,00% |
Exposure by country
| Country | Exposure | % |
|---|---|---|
| Total | 100,00% |
FC.08 Risk Concentration – Exposure by asset class and rating
Equity
| Exposure | Share of total assets | |
|---|---|---|
| Total |
National government, international financial organisation and central banks bonds
| Rating | Exposure | % |
|---|---|---|
| AAA | ||
| AA | ||
| A | ||
| BBB | ||
| Non investment grade | ||
| Total | 100,00% |
Regional governments, local authorities and public sector entities bonds
| Rating | Exposure | % |
|---|---|---|
| AAA | ||
| AA | ||
| A | ||
| BBB | ||
| Non investment grade | ||
| Total | 100,00% |
Corporate bonds
| Rating | Exposure | % |
|---|---|---|
| AAA | ||
| AA | ||
| A | ||
| BBB | ||
| Non investment grade | ||
| Total | 100,00% |
ANNEX II
INSTRUCTIONS ON REPORTING ON INTRA-GROUP TRANSACTIONS AND RISK CONCENTRATION
| Table of Contents | Table of Contents |
| PART I: GENERAL INSTRUCTIONS | |
| 1. | Structure and conventions |
| 1.1. | Structure |
| 1.2. | Numbering convention |
| 1.3. | Sign convention |
| 1.4. | Valuation |
| 1.5. | Scope |
| PART II: TEMPLATE RELATED INSTRUCTIONS | |
| 1. | FC.00-Summary template |
| 1.1. | General remarks |
| 1.2. | Instructions concerning specific positions |
| 2. | FC.01- Equity-type transactions, debt and asset transfer |
| 2.1. | General remarks |
| 2.2. | Instructions concerning specific positions |
| 3. | FC.02 - IGT – Derivatives |
| 3.1. | General remarks |
| 3.2. | Instructions concerning specific positions |
| 4. | FC.03 - IGT – Off-balance sheet and contingent liabilities |
| 4.1. | General remarks |
| 4.2. | Instructions concerning specific positions |
| 5. | FC.04 - IGT – Insurance and Reinsurance |
| 5.1. | General remarks |
| 5.2. | Instructions concerning specific positions |
| 6. | FC.05 - IGT – P & L |
| 6.1. | General remarks |
| 6.2. | Instructions concerning specific positions |
| 7. | FC.06 Risk Concentration – Exposure by counterparties |
| 7.1. | General remarks |
| 7.2. | Instructions concerning specific positions |
| 8. | FC.07 Risk Concentration – Exposure by currency, sector, country |
| 9. | FC.08 Risk Concentration – Exposure by asset class and rating |
PART I: GENERAL INSTRUCTIONS
1. Structure and conventions
1.1. Structure
The framework consists of nine blocks of templates:
- (a) a summary template that gives an overview of intra-group transactions;
- (b) an equity-type debt or asset template that gives an overview of intra-group transactions by all individual entities included in the scope of consolidation of the reporting entity regarding debt instruments, equity instruments or other asset transfers;
- (c) a derivatives template that gives an overview of intra-group transactions by all individual entities included in the scope of the reporting for derivatives;
- (d) off-balance-sheet items and contingent liabilities;
- (e) insurance and reinsurance;
- (f) profit and loss;
- (g) risk concentration exposure by counterparty;
- (h) risk concentration exposure by currency, sector and country;
- (i) risk concentration exposure by asset class and rating.
Legal references shall be provided for each template. Part I of this annex sets out further detailed information regarding more general aspects of the reporting in each block of templates, instructions concerning specific positions and validation rules.
Institutions shall report using only the templates that are relevant, depending on the threshold set by the competent authorities.
1.2. Numbering convention
This annex follows the labelling convention set in the templates when referring to the columns, rows and cells of the templates.
The following general notation is used in the instructions: {Template;Row;Column}.
1.3. Sign convention
Any amount that increases the exposure of an entity during the reporting period must be stated as a positive figure and any amount that reduces the total exposure of the entity must be stated as a negative figure. The figures shall relate only to the reporting period in question and not to previous reporting periods. Where a negative sign (-) precedes the label of an item, no positive figure shall be reported for that item.
1.4. Valuation
When not specified, the value of the item shall be stated in accordance with the sectoral rules of the entity within the group.
The exchange rate used to report a currency exposure shall be the closing rate on the last day for which the relevant exchange rate is available in the reporting period to which the asset or liability relates.
1.5. Scope
Where sector-wide reporting is required, ancillary services undertakings as defined in Article 4(1), point (18), of Regulation (EU) No 575/2013 of the European Parliament and of the Council ([^E0004]) 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 ([^E0005]) shall be treated as part of the banking sector.
PART II: TEMPLATE-RELATED INSTRUCTIONS
1. FC.00 Summary template
1.1. General remarks
Part II of this annex sets out additional instructions in relation to the templates provided in Annex I to this Regulation. The first column of the table in point 1.2. identifies the items to be reported by identifying the relevant columns and lines as shown in the template in that Annex.
In FC.00, the summary template, the total volume of all significant intra-group transactions between entities of a specific financial conglomerate within a given reporting period as set out in Article 8(2) of Directive 2002/87/EC shall be reported.
Where two or more transactions are part of a single economic operation, the value reported shall be the maximum cumulative exposure at any point in time during a given reporting period.
The information provided in the table shall therefore be the aggregation of values provided in the other reporting sheets.
Intra-group transactions where at least one party to the transaction is a regulated entity shall be reported. Transactions between investment funds (which are not covered either by the definition of an investment firm or by the definition of a regulated entity) and other non-regulated entities shall therefore not be reported.
1.2. Instructions concerning specific positions
| ITEM | INSTRUCTIONS | |
|---|---|---|
| R01 | Financial conglomerate name | Insert the financial conglomerate name. |
| R02 | Thresholds for significant IGTs | Insert the numerical value of the thresholds specified in Article 8(2) of Directive 2002/87/EC. |
| R03 | Quantitative limit | Insert the numerical value of the quantitative limit specified in Article 7(3) of Directive 2002/87/EC. |
| R04 | Reporting unit | State the reporting unit: 1; 1 000 ; 1 000 000 , etc. for templates FC.01, FC.02, FC.03, FC.04, FC.05, FC.06, FC.07 and FC.08. |
| R05 | Reporting currency | State the reporting currency: euro, pound sterling, Danish krone for templates FC.01, FC.02, FC.03, FC.04, FC.05, FC.06, FC.07 and FC.08. |
| Line A FC0010 | A - Equity-type transactions, debt, asset transfer and derivatives | ‘FC0010’ shall be equal to the sum of line 1 FC0010, line 2 FC0010, line 3 FC0010 and line 4 FC0010. |
| Line 1 FC0010 | Debt instruments | ‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt andr asset’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0110 is equal to ‘bonds/debt’. |
| Line 1 FC0020 | Debt instruments | ‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0110 is equal to ‘bonds/debt’. |
| Line 1 FC0030 | Debt instruments | ‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0110 is equal to ‘bonds/debt’. |
| Line 1 FC0040 | Debt instruments | ‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0110 is equal to ‘bonds/debt’. |
| Line 1 FC0050 | Debt instruments | ‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0110 is equal to ‘bonds/debt’. |
| Line 1 FC0060 | Debt instruments | ‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0110 is equal to ‘bonds/debt’. |
| Line 1 FC0070 | Debt instruments | ‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0110 is equal to ‘bonds/debt’. |
| Line 1 FC0080 | Debt instruments | ‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0110 is equal to ‘bonds/debt’. |
| Line 1 FC0090 | Debt instruments | ‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0110 is equal to ‘bonds/debt’. |
| Line 2 FC0010 | Capital instruments | ‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0110 is equal to ‘Equity type’. |
| Line 2 FC0020 | Capital instruments | ‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0110 is equal to ‘Equity type’. |
| Line 2 FC0030 | Capital instruments | ‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0110 is equal to ‘Equity type’. |
| Line 2 FC0040 | Capital instruments | ‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0110 is equal to ‘Equity type’. |
| Line 2 FC0050 | Capital instruments | ‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0110 is equal to ‘Equity type’. |
| Line 2 FC0060 | Capital instruments | ‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0110 is equal to ‘Equity type’. |
| Line 2 FC0070 | Capital instruments | ‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0110 is equal to ‘Equity type’. |
| Line 2 FC0080 | Capital instruments | ‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0110 is equal to ‘Equity type’. |
| Line 2 FC0090 | Capital instruments | ‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0110 is equal to ‘Equity type’. |
| Line 3 FC0010 | Other asset transfers | ‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0110 is equal to ‘Other asset transfers’. |
| Line 3 FC0020 | Other asset transfers | ‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0110 is equal to ‘Other asset transfers’. |
| Line 3 FC0030 | Other asset transfers | ‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0110 is equal to ‘Other asset transfers’. |
| Line 3 FC0040 | Other asset transfers | ‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0110 is equal to ‘Other asset transfers’. |
| Line 3 FC0050 | Other asset transfers | ‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0110 is equal to ‘Other asset transfers’. |
| Line 3 FC0060 | Other asset transfers | ‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0110 is equal to ‘Other asset transfers’. |
| Line 3 FC0070 | Other asset transfers | ‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0110 is equal to ‘Other asset transfers’. |
| Line 3 FC0080 | Other asset transfers | ‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0110 is equal to ‘Other asset transfers’. |
| Line 3 FC0090 | Other asset transfers | ‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0170’ in sheet ‘FC.01 Equity-type, debt and asset’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0110 is equal to ‘Other asset transfers’. |
| Line 4 FC0010 | Derivatives | ‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0180’ in sheet ‘FC.02 Derivatives’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’. |
| Line 4 FC0020 | Derivatives | ‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0180’ in sheet ‘FC.02 Derivatives’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’. |
| Line 4 FC0030 | Derivatives | ‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0180’ in sheet ‘FC.02 Derivatives’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’. |
| Line 4 FC0040 | Derivatives | ‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0180’ in sheet ‘FC.02 Derivatives’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’. |
| Line 4 FC0050 | Derivatives | ‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0180’ in sheet ‘FC.02 Derivatives’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’. |
| Line 4 FC0060 | Derivatives | ‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0180’ in sheet ‘FC.02 Derivatives’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’. |
| Line 4 FC0070 | Derivatives | ‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0180’ in sheet ‘FC.02 Derivatives’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’. |
| Line 4 FC0080 | Derivatives | ‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0180’ in sheet ‘FC.02 Derivatives’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’. |
| Line 4 FC0090 | Derivatives | ‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0180’ in sheet ‘FC.02 Derivatives’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’. |
| Line B | Off-balance-sheet and contingent liabilities | Shall be equal to the sum of lines 5 and 6 for the respective columns. |
| Line 5 FC0010 | Guarantees | ‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0100 is equal to ‘Guarantee’. |
| Line 5 FC0020 | Guarantees | ‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0100 is equal to ‘Guarantee’. |
| Line 5 FC0030 | Guarantees | ‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0100 is equal to ‘Guarantee’. |
| Line 5 FC0040 | Guarantees | ‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0100 is equal to ‘Guarantee’. |
| Line 5 FC0050 | Guarantees | ‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0100 is equal to ‘Guarantee’. |
| Line 5 FC0060 | Guarantees | ‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0100 is equal to ‘Guarantee’. |
| Line 5 FC0070 | Guarantees | ‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0100 is equal to ‘Guarantee’. |
| Line 5 FC0080 | Guarantees | ‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0100 is equal to ‘Guarantee’. |
| Line 5 FC0090 | Guarantees | ‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’ and — FC0100 is equal to ‘Guarantee’. |
| Line 6 FC0010 | Other off-balance- sheet items | ‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0100 is not equal to ‘Guarantee’. |
| Line 6 FC0020 | Other off-balance- sheet items | ‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0100 is not equal to ‘Guarantee’. |
| Line 6 FC0030 | Other off-balance- sheet items | ‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0100 is not equal to ‘Guarantee’. |
| Line 6 FC0040 | Other off-balance- sheet items | ‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0100 is not equal to ‘Guarantee’. |
| Line 6 FC0050 | Other off-balance- sheet items | ‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0100 is not equal to ‘Guarantee’. |
| Line 6 FC0060 | Other off-balance- sheet items | ‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0100 is not equal to ‘Guarantee’. |
| Line 6 FC0070 | Other off-balance- sheet items | ‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0100 is not equal to ‘Guarantee’. |
| Line 6 FC0080 | Other off-balance- sheet items | ‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0100 is not equal to ‘Guarantee’. |
| Line 6 FC0090 | Other off-balance- sheet items | ‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.03 Off-balance-sheet and contingent liabilities’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0100 is not equal to ‘Guarantee’. |
| Line C FC0010 | Insurance/reinsurance transactions | ‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.04 Insurance-reinsurance’ where: — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’ |
| Line C FC0020 | Insurance/reinsurance transactions | ‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.04 Insurance-reinsurance’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’. |
| Line C FC0030 | Insurance/reinsurance transactions | ‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0160’ in sheet ‘FC.04 Insurance-reinsurance’ where: — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’ |
| Line D | P&L transactions | Shall be equal to the sum of lines 7, 8, 9 and 10 for the respective columns. |
| Line 7 FC0010 | Commission paid to business providers | ‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0100 is equal to ‘Commission’. |
| Line 7 FC0020 | Commission paid to business providers | ‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0100 is equal to ‘Commission’. |
| Line 7 FC0030 | Commission paid to business providers | ‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0100 is equal to ‘Commission’. |
| Line 7 FC0040 | Commission paid to business providers | ‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0100 is equal to ‘Commission’. |
| Line 7 FC0050 | Commission paid to business providers | ‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0100 is equal to ‘Commission’. |
| Line 7 FC0060 | Commission paid to business providers | ‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0100 is equal to ‘Commission’. |
| Line 7 FC0070 | Commission paid to business providers | ‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0100 is equal to ‘Commission’. |
| Line 7 FC0080 | Commission paid to business providers | ‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0100 is equal to ‘Commission’. |
| Line 7 FC0090 | Commission paid to business providers | ‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0100 is equal to ‘Commission’. |
| Line 8 FC0010 | Fees and others | ‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0100 is equal to ‘Fees’ or ‘Others’. |
| Line 8 FC0020 | Fees and others | ‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0100 is equal to ‘Fees’ or ‘Others’. |
| Line 8 FC0030 | Fees and others | ‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0100 is equal to ‘Fees’ or ‘Others’. |
| Line 8 FC0040 | Fees and others | ‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0100 is equal to ‘Fees’ or ‘Others’. |
| Line 8 FC0050 | Fees and others | ‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0100 is equal to ‘Fees’ or ‘Others’. |
| Line 8 FC0060 | Fees and others | ‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0100 is equal to ‘Fees’ or ‘Others’. |
| Line 8 FC0070 | Fees and others | ‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0100 is equal to ‘Fees’ or ‘Others’. |
| Line 8 FC0080 | Fees and others | ‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0100 is equal to ‘Fees’ or ‘Others’. |
| Line 8 FC0090 | Fees and others | ‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0100 is equal to ‘Fees’ or ‘Others’. |
| Line 9 FC0010 | Interest | ‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0100 is equal to ‘Interest’. |
| Line 9 FC0020 | Interest | ‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0100 is equal to ‘Interest’. |
| Line 9 FC0030 | Interest | ‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0100 is equal to ‘Interest’. |
| Line 9 FC0040 | Interest | ‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0100 is equal to ‘Interest’. |
| Line 9 FC0050 | Interest | ‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0100 is equal to ‘Interest’. |
| Line 9 FC0060 | Interest | ‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0100 is equal to ‘Interest’. |
| Line 9 FC0070 | Interest | ‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0100 is equal to ‘Interest’. |
| Line 9 FC0080 | Interest | ‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0100 is equal to ‘Interest’. |
| Line 9 FC0090 | Interest | ‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0100 is equal to ‘Interest’. |
| Line 10 FC0010 | Dividends | ‘FC0010’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0100 is equal to ‘Dividends’. |
| Line 10 FC0020 | Dividends | ‘FC0020’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0100 is equal to ‘Dividends’. |
| Line 10 FC0030 | Dividends | ‘FC0030’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘insurance sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0100 is equal to ‘Dividends’. |
| Line 10 FC0040 | Dividends | ‘FC0040’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0100 is equal to ‘Dividends’. |
| Line 10 FC0050 | Dividends | ‘FC0050’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0100 is equal to ‘Dividends’. |
| Line 10 FC0060 | Dividends | ‘FC0060’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘bank sector’ or ‘investment services sector’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0100 is equal to ‘Dividends’. |
| Line 10 FC0070 | Dividends | ‘FC0070’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘bank sector’ or ‘investment services sector’; and — FC0100 is equal to ‘Dividends’. |
| Line 10 FC0080 | Dividends | ‘FC0080’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘insurance sector’; and — FC0100 is equal to ‘Dividends’. |
| Line 10 FC0090 | Dividends | ‘FC0090’ shall be equal to the sum of the amounts declared under ‘FC0140’ in sheet ‘FC.05 P&L’ where: — the entity under ‘FC0020’ has been identified as ‘other undertaking of the group’; and — the entity under ‘FC0050’ has been identified as ‘other undertaking of the group’; and — FC0100 is equal to ‘Dividends’. |
2. FC.01 Equity-type transactions, debt and asset transfers
2.1. General remarks
This part of the annex sets out additional instructions in relation to the templates provided in Annex I to this Regulation. The first column of the next table identifies the items to be reported by identifying the columns and lines as shown in the template in that Annex.
This part of the annex relates to the information that financial conglomerates are to provide at least once a year.
In this template, all significant intra-group transactions between entities of a financial conglomerate referred to in Article 8(2) of Directive 2002/87/EC related to equity, debt, reciprocal financing ([^E0006]) and asset transfers shall be reported.
Those significant intra-group transactions include:
- (a) equity and other capital items, including participations in related entities and transfer of shares of entities related to the financial conglomerate;
- (b) debt, including bonds, loans, collateralised debt and other transactions of similar nature with periodic predetermined interest or coupon or premium payments for a predetermined period of time;
- (c) other asset transfers such as transfers of property and transfers of shares of other companies unrelated to (i.e. outside) the financial conglomerate.
Financial conglomerates shall complete this template for all significant intra-group transactions that have to be reported, i.e. (i) between regulated entities of different sectors belonging to the same group; (ii) between regulated entities of the same sector belonging to the same group; (iii) between a regulated entity and a non-regulated entity belonging to the same group; and (iv) between a regulated entity and any natural or legal person linked to the undertakings of the group by close links.
Intra-group transactions shall be reported in this template that were either:
- (a) in force at the start of the reporting period;
- (b) initiated during the reporting period and outstanding at the reporting date; or
- (c) initiated and expired/matured during the reporting period.
Two or more transactions between entities of the group which, from an economic perspective (i) contribute to the same risk, (ii) serve the same purpose or (iii) are temporally connected in a plan, shall be considered a single economic operation. All transactions which are part of a single economic operation shall be reported whenever those transactions collectively are at or above the corresponding threshold for significant intra-group transactions, even if the transactions are individually below the threshold. Any element added to significant intra-group transactions shall be reported as a separate intra-group transaction, even where the element in its own right falls below the significant threshold limit. For example, where an undertaking increases an initial loan to a related undertaking, that addition to the loan shall be recorded as a separate item with its issue date as the date of the addition.
Where the transaction value is different for two transacting parties (e.g. a EUR 10 000 000 transaction between A and B where A records EUR 10 000 000 , but B only receives EUR 9 500 000 because transaction costs of EUR 500 000 have been incurred), the maximum amount shall be reported in the template as the transaction amount (EUR 10 000 000 in this example).
Indirect transactions shall be defined as any transaction shifting risk exposures either (i) between entities within the financial conglomerate (including transactions with special purpose vehicles, collective investment undertakings, ancillary entities or unregulated entities) or (ii) between entities outside the financial conglomerate (but where ultimately the risk exposure is brought back or stays within the financial conglomerate). Where there is a chain of related intra-group transactions (e.g. A invests in B and B invests in C), these transactions shall be reported as indirect transactions. Therefore, A to C transactions shall be reported and the comments shall mention the intermediary steps. In the case of a cascade of transactions (e.g. from A to B to C to D sequentially, where both B and C are in the conglomerate but are unregulated entities), those transactions shall also be reported.
2.2. Instructions concerning specific positions
| ITEM | INSTRUCTIONS | |
|---|---|---|
| FC0010 | ID of intra-group transaction | Unique internal identification code for each intra-group transaction. It shall be consistent over time. |
| FC0020 | Investor/lender name | Name of the entity that is buying the equity or lending to a related undertaking within the financial conglomerate - i.e. the entity that recognises the transaction as an asset on its balance sheet (debit - balance sheet). |
| FC0030 | Identification code for investor/lender | The unique identification code attached to the investor/buyer/transferee by this order of priority if available: — legal entity identifier (LEI); — specific code. Specific code: — for regulated undertakings of the European Economic Area (EEA) within the financial conglomerate, insert the identification code used in the local market and allocated by the undertaking's competent supervisory authority; — for non-EEA undertakings and non-regulated undertakings within the financial conglomerate, the identification code shall be provided by the financial conglomerate. When allocating an identification code to each non-EEA or non-regulated undertaking, the financial conglomerate shall comply with the following format in a consistent manner: identification code of the parent undertaking + ISO 3166-1 alpha-2 code of the country of the undertaking + 5 digits. |
| FC0031 | Type of code for investor/lender | Type of ID code used for the ‘Identification code for investor/lender’ item. Use either the legal entity identifier (LEI) or the specific code. |
| FC0040 | Sector of the investor/lender | Where the investor/lender is part of the financial sector within the meaning of Article 2(8) of Directive 2002/87/EC, indicate ‘banking sector’, ‘insurance sector’ or ‘investments services sector’. Where the investor/lender is not part of the financial sector within the meaning of Article 2(8) of that Directive, indicate ‘other undertaking of the group’. |
| FC0050 | Issuer/borrower name | Name of the entity that is issuing the equity/capital item or borrowing money (issuing debt), i.e. the entity that recognises the transaction as a liability or capital on its balance sheet (credit - balance sheet). |
| FC0060 | Identification code for issuer/borrower | The unique identification code attached to the investor/buyer/transferee by this order of priority where available: — legal entity identifier (LEI); — specific code. Specific code: — for EEA regulated undertakings within the financial conglomerate, insert the identification code used in the local market and assigned by the undertaking’s competent supervisory authority; — for non-EEA undertakings and non-regulated undertakings within the financial conglomerate, the identification code shall be provided by the financial conglomerate. When allocating an identification code to each non-EEA or non-regulated undertaking, the financial conglomerate shall comply with the following format in a consistent manner: identification code of the parent undertaking + ISO 3166-1 alpha-2 code of the country of the undertaking + 5 digits. |
| FC0061 | Type of code for issuer/borrower | Type of ID code used for the ‘Identification code for issuer/borrower’ item. Use either the legal entity identifier (LEI) or the specific code. |
| FC0070 | Sector of the issuer/borrower | Where the issuer/borrower is part of the financial sector within the meaning of Article 2(8) of Directive 2002/87/EC, indicate ‘banking sector’, ‘insurance sector’ or ‘investments services sector’. Where the issuer/borrower is not part of the financial sector within the meaning of Article 2(8) of that Directive, indicate ‘other undertaking of the group’. |
| FC0080 | Indirect transactions | Where the reported intra-group transaction is part of an indirect transaction (see point 2.1 ‘general remarks’ above), report the ‘ID of intra-group transaction’ (FC0010) of the related transaction in this cell. Where the reported IGT is not part of an indirect transaction, indicate ‘No’. |
| FC0090 | Single economic operation | Where the reported IGT is part of a single economic operation (see point 2.1 ‘general remarks’ above) report the ‘ID of intra-group transaction’ (FC0010) of the related transaction in this cell. Where the reported IGT is not part of a single economic operation, indicate ‘No’. |
| FC0100 | ID code of the instrument | This is the identification code of the instrument (capital, debt, etc.) between the two counterparties identified using the following priority: — ISO 6166 code of ISIN when available — other recognised codes (e.g. CUSIP, Bloomberg Ticker, Reuters RIC) — A code assigned by the undertaking, where the options above are not available. This code shall be consistent over time. This may be different from the intra-group transaction code provided in cell FC0010. |
| FC0101 | ID code type of the instrument | Type of ID code used for the ‘ID code of the instrument’ item. One of the options in the following closed list of codes shall be used: 1 - ISO 6166 for ISIN code 2 - CUSIP (the Committee on Uniform Securities Identification Procedures number allocated by the CUSIP Service Bureau for United States and Canadian companies) 3 - SEDOL (Stock Exchange Daily Official List for the London Stock Exchange) 4 - WKN (Wertpapier-Kennnummer, the alphanumeric German identification number) 5 - Bloomberg Ticker (Bloomberg letters code that identifies a company’s securities) 6 - BBGID (the Bloomberg Global ID) 7 - Reuters RIC (Reuters instrument code) 8 - FIGI (Financial Instrument Global Identifier) 9 - other code provided by members of the Association of National Numbering Agencies 99 – A code allocated by the undertaking. |
| FC0110 | Type of instrument | Identify the type of instrument. The following closed list of codes shall be used: 1 - bonds/debt 2 - equity type 3 - other asset transfer. |
| FC0120 | Instrument | Identify the instrument. The following closed list of codes shall be used: 1 - bonds/debt - collateralised 2 - bonds/debt - uncollateralised 3 - equity type - shares/participations 4 - equity type - others 5 - other asset transfer - properties 6 - other asset transfer - others. |
| FC0130 | Issue date | This is the earlier of the transaction/debt issue date and the date the intra-group transaction is effective from, where different from the issue date. The date shall follow the ISO 8601 (yyyy-mm-dd) format. |
| FC0140 | Maturity date | Identify the ISO 8601 (yyyy-mm-dd) code of the date when the transaction expires/reaches maturity if applicable: — for intra-group transaction with no maturity date use ‘9999-12-31’; — for perpetual securities use ‘9999-12-31’. |
| FC0150 | Currency of transaction | Identify the ISO 4217 alphabetic code of the currency in which the transaction took place. |
| FC0160 | Amount at transaction date | Amount of the transaction at transaction date reported in the reporting currency of the financial conglomerate. |
| FC0170 | Amount at reporting date | Outstanding amount of the transaction at the reporting date where applicable, e.g. for debt issue, reported in the reporting currency of the financial conglomerate. Where there has been a full early settlement/prepayment, the balance of contractual amount shall be zero. |
| FC0180 | Value of collateral | The value of collateral for collateralised debt or asset value for intra-group transaction involving asset transfer, reported in the reporting currency of the financial conglomerate. Collateral arrangements between undertakings of the same sector shall be valued in accordance with the rules of this sector, e.g. intra-group transactions between two credit institutions within a financial conglomerate may be valued in accordance with Regulation (EU) No 575/2013. Collateral arrangements between undertakings from different sectors shall be valued in accordance with the sectoral rules of the consolidating entity, e.g. intra-group transactions between a credit institution that is the ultimate parent company and an insurance undertaking within a financial conglomerate would be valued according to Regulation (EU) No 575/2013. |
| FC0190 | Amount of dividends/interest/coupon and other payments made during reporting period | This cell shall capture any payments made in relation to the intra-group transactions recorded in this template for the reporting period (6 months up to the reporting date). That includes: — dividends for the current year including paid or declared but unpaid dividends; — any deferred dividends from previous years paid during the reporting period (i.e. any deferred dividends paid that impacted the P&L for the reporting period); — interest payments made in relation to debt instruments; — any other payments made in relation to the intra-group transactions that are reported in this template, e.g. charges on asset transfers; — the amount of total top-ups where applicable, i.e. total additional money invested during the reporting period, such as an additional payments on partly paid shares or increasing loan amount during the period (when reporting top-ups as a separate item). This amount shall be reported in the reporting currency of the financial conglomerate. |
| FC0200 | Coupon/interest rate | The interest or coupon rate as a percentage, where applicable. For variable interest rate, this shall include the reference rate and the interest rate above it. |
| FC0210 | Comments | Comments shall contain: — a notification where the transaction has not been performed at arm’s length; — any other relevant information regarding the economic nature of the operation. |
3. FC.02 - IGT - Derivatives
3.1. General remarks
This part sets out additional instructions in relation to the templates provided in Annex I to this Regulation. The first column of the next table identifies the items to be reported by identifying the columns and lines as shown in the template in that Annex.
This part of the annex relates to information that financial conglomerates are to provide at least once a year.
In this template, all significant intra-group transactions related to derivatives between entities that fall within the scope of financial conglomerate supervision as set out in Article 8(2) of Directive 2002/87/EC shall be reported. Significant intra-group transactions related to derivatives shall be reported where the carrying amount of the derivative exceeds the threshold.
They include:
- (a) interest rate contracts, including swaps, forward agreements, futures and options;
- (b) foreign exchange contracts, including swaps, forward agreements, futures and options;
- (c) contracts of a similar nature concerning other reference items or indices.
Financial conglomerates shall complete this template for all significant intra-group transactions required to be reported, i.e. (i) between regulated entities of different sectors belonging to the same group; (ii) between regulated entities of the same sector belonging to the same group; (iii) between a regulated entity and a non-regulated entity belonging to the same group; and (iv) between a regulated entity and any natural or legal person linked to the undertakings of the group by close links.
In this template, intra-group transactions shall be reported that were:
- (a) in force at the start of the reporting period;
- (b) initiated during the reporting period and outstanding at the reporting date;
- (c) initiated and expired/matured during the reporting period.
Two or more transactions between entities of the group which, from an economic perspective (i) contribute to the same risk, (ii) serve the same purpose or (iii) are temporally connected in a plan, shall be a single economic operation. All transactions which are part of a single economic operation shall be reported whenever those transactions are collectively at or above the corresponding threshold for significant intra-group transactions, even if they individually fall below the threshold.
Any element added to significant intra-group transactions shall be reported as a separate intra-group transaction, even if the element in its own right falls below the significant threshold limit. For example, if an undertaking increases the initial loan amount to another related undertaking, the addition to the loan shall be recorded as a separate item with its issue date as the date of the addition.
Where the transaction value is different for two transacting parties (e.g. a EUR 10 000 000 transaction between A and B where A records EUR 10 000 000 , but B only receives EUR 9 500 000 because transaction costs of EUR 500 000 have been incurred), the maximum amount shall be reported in the template as the transaction amount (EUR 10 000 000 in this example).
Indirect transactions shall be defined as any transaction shifting risk exposures either (i) between entities within the financial conglomerate (including transactions with special purpose vehicles, collective investment undertakings, ancillary entities or unregulated entities) or (ii) between entities outside the financial conglomerate (but where ultimately the risk exposure is brought back or stays within the financial conglomerate). Where there is a chain of related intra-group transactions (e.g. A invests in B and B invests in C), such transaction shall be reported as an indirect transaction. Therefore, A to C transactions shall be reported and the intermediary steps shall be mentioned in the comments. In the case of a cascade of transactions (e.g. from A to B to C to D sequentially, where both B and C are in the conglomerate but are unregulated entities), those transactions shall also be reported.
3.2. Instructions concerning specific positions
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