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Council Directive of 8 December 1986 on the annual accounts and consolidated accounts of banks and other financial institutions (86/635/EEC)

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EU Directives are being published on this site to aid cross referencing from UK legislation. After IP completion day (31 December 2020 11pm) no further amendments will be applied to this version.

  1. Introductory Text

  2. SECTION 1 PRELIMINARY PROVISIONS AND SCOPE

    1. Article 1.(1) Articles 2, 3, 4(1), (3) to (6), Articles 6, 7, 13, 14,...

    2. Article 2.(1) The coordination measures prescribed by this Directive shall apply...

  3. SECTION 2 GENERAL PROVISIONS CONCERNING THE BALANCE SHEET AND THE PROFIT AND LOSS ACCOUNT

    1. Article 3.In the case of credit institutions the possibility of combining...

  4. SECTION 3 LAYOUT OF THE BALANCE SHEET

    1. Article 4.The Member States shall prescribe the following layout for the...

    2. Article 4a.Instead of the presentation of balance sheet items in accordance...

    3. Article 5.The following must be shown separately as sub-items of the...

    4. Article 6.(1) Subordinated assets shall be shown separately as sub-items of...

    5. Article 7.The Member States may permit the disclosure of the information...

    6. Article 8.(1) Assets shall be shown under the relevant balance sheet...

    7. Article 9.(1) Where a loan has been granted by a syndicate...

    8. Article 10.(1) Funds which a credit institution administers in its own...

    9. Article 11.Only those amounts which can at any time be withdrawn...

    10. Article 12.(1) Sale and repurchase transactions shall mean transactions which involve...

  5. SECTION 4 SPECIAL PROVISIONS RELATING TO CERTAIN BALANCE SHEET ITEMS

    1. Article 13.Assets: Item 1 — Cash in hand, balances with central banks and post office banks

    2. Article 14.Assets: Item 2 — Treasury bills and other bills eligible for refinancing with central banks

    3. Article 15.Assets: Item 3 — Loans and advances to credit institutions

    4. Article 16.Assets: Item 4 — Loans and advances to customers

    5. Article 17.Assets: Item 5 — Debt securities including fixed-income securities

    6. Article 18.Liabilities: Item 1 — Amounts owed to credit institutions

    7. Article 19.Liabilities: Item 2 — Amounts owed to customers

    8. Article 20.Liabilities: Item 3 — Debts evidenced by certificates

    9. Article 21.Liabilities: Item 8 — Subordinated liabilities

    10. Article 22.Liabilities: Item 9 — Subscribed capital

    11. Article 23.Liabilities: Item 11 — Reserves

    12. Article 24.Off-balance sheet: Item 1 — Contingent liabilities

    13. Article 25.Off-balance sheet: Item 2 — Commitments

  6. SECTION 5 LAYOUT OF THE PROFIT AND LOSS ACCOUNT

    1. Article 26.For the presentation of the profit and loss account, the...

    2. Article 27.Vertical layout

    3. Article 28.Horizontal layout

  7. SECTION 6 SPECIAL PROVISIONS RELATING TO CERTAIN ITEMS IN THE PROFIT AND LOSS ACCOUNT

    1. Article 29.Article 27, items 1 and 2 (vertical layout) Article 28,...

    2. Article 30.Article 27, item 3 (vertical layout) Article 28, item B...

    3. Article 31.Article 27, items 4 and 5 (vertical layout) Article 28,...

    4. Article 32.Article 27, item 6 (vertical layout) Article 28, item A...

    5. Article 33.Article 27, items 11 and 12 (vertical layout) Article 28,...

    6. Article 34.Article 27, items 13 and 14 (vertical layout) Article 28,...

  8. SECTION 7 VALUATION RULES

    1. Article 35.(1) Assets items 9 and 10 must always be valued...

    2. Article 36.(1) Where transferable securities which are not held as financial...

    3. Article 37.(1) Article 39 of Directive 78/660/EEC shall apply to the...

    4. Article 38.(1) Pending subsequent coordination, those Member States which exercise the...

    5. Article 39.(1) Assets and liabilities denominated in foreign currency shall be...

  9. SECTION 8 CONTENTS OF THE NOTES ON THE ACCOUNTS

    1. Article 40.(1) Article 43 (1) of Directive 78/660/EEC shall apply, subject...

    2. Article 41.(1) The information prescribed in Article 15 (3) of Directive...

  10. SECTION 9 PROVISIONS RELATING TO CONSOLIDATED ACCOUNTS

    1. Article 42.(1) Credit institutions shall draw up consolidated accounts and consolidated...

    2. Article 43.(1) Directive 83/349/EEC shall apply, subject to Article 1 of...

  11. SECTION 10 PUBLICATION

    1. Article 44.(1) The duly approved annual accounts of credit institutions, together...

  12. SECTION 11 AUDITING

    1. Article 45.A Member State need not apply Article 2 (1) (b)...

  13. SECTION 12 FINAL PROVISIONS

    1. Article 46.The Contact Committee established in accordance with Article 52 of...

    2. Article 47.(1) The Member States shall bring into force the laws,...

    3. Article 48.Five years after the date referred to in Article 47...

    4. Article 49.This Directive is addressed to the Member States.

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