Commission Implementing Regulation (EU) 2018/1624Show full title

I.2 References

2. For the purposes of this Annex, the following abbreviations shall apply:

a)

‘BCBS’ means the Basel Committee on Banking Supervision of the Bank for International Settlements;

b)

‘CPMI’ means the Committee on Payments and Market Infrastructures of the Bank for International Settlements;

c)

‘FINREP’ means financial information templates included in Annexes III and IV of, and complementary instructions included in Annex V of, Commission Implementing Regulation (EU) No 680/2014(1);

d)

‘COREP (OF)’ means Annexes I (templates) and II (instructions) of Implementing Regulation (EU) No 680/2014;

e)

‘COREP (LR)’ means Annexes X (templates) and XI (instructions) of Implementing Regulation (EU) No 680/2014;

f)

‘FSB’ means Financial Stability Board;

g)

‘IAS’ means International Accounting Standards as defined in Article 2 of Regulation (EC) No 1606/2002 of the European Parliament and of the Council(2);

h)

‘IFRS’ means International Financial Reporting Standards as defined as defined in Article 2 of Regulation (EC) No 1606/2002(2);

i)

‘LEI code’ means a Legal Entity Identifier code aimed at achieving a unique and worldwide identification of parties to financial transactions, as proposed by the Financial Stability Board (FSB) and endorsed by the G20. Until the global LEI system is fully operational, pre-LEI codes are being assigned to counterparties by a Local Operational Unit that has been endorsed by the Regulatory Oversight Committee (ROC, detailed information may be found at the following website: www.leiroc.org). Where a Legal Entity Identifier (LEI code) exists for a given counterparty, it shall be used to identify that counterparty;

j)

‘NGAAP’ or ‘National Generally Accepted Accounting Principles’ means national accounting frameworks developed under Directive 86/635/EEC(3).

(1)

Commission Implementing Regulation (EU) No 680/2014 of 16 April 2014 laying down implementing technical standards with regard to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (OJ L 191, 28.6.2014, p. 1).

(2)

Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards (OJ L 243, 11.9.2002, p. 1).

(3)

Council Directive 86/635/EEC of 8 December 1986 on the annual accounts and consolidated accounts of banks and other financial institutions (OJ L 372, 31.12.1986, p. 1).