Commission Implementing Regulation (EU) 2018/1624 of 23 October 2018 laying down...
Article 1
Subject matter
Article 2
Definitions
Article 3
Provision of core information for the purpose of individual and group resolution plans
Article 4
Level of consolidation of information
Article 5
Frequency, reference dates and remittance dates
Article 6
Format for the submission of information
Article 7
Provision of additional information for the purpose of individual or group resolution plans
Article 8
Cooperation between competent and resolution authorities
Article 9
Transition period
Article 10
Repeal
Article 11
Entry into force
ANNEX I
ANNEX II
Instructions
I.
General instructions
I.1
Structure
1.
The framework consists of 15 templates, organised in 3 blocks:...
I.2
References
2.
For the purposes of this Annex, the following abbreviations shall...
I.3
Accounting standards
3.
Unless otherwise specified in these instructions, institutions shall report all...
4.
For institutions that report under IFRS, references have been inserted...
I.4
Scope of consolidation
5.
This framework refers, depending on the template, to:
6.
For each template, institutions shall follow the consolidation basis or...
I.5
Numbering and other conventions
7.
These instructions follow the labelling convention laid out below, when...
8.
The following general notation is used in these instructions to...
9.
In the case of validations inside a template, in which...
10.
In the case of templates with only one column, only...
11.
An asterisk sign is used to express that the validation...
12.
Where an information item is not applicable to the entities...
13.
Where these instructions refer to a primary key, this shall...
II.
Template-related instructions
II.1
Z 01.00 — Organisational structure (ORG)
II.1.1
General remarks
14.
This template provides an overview over the group's legal and...
II.1.2
Instructions concerning specific positions
II.2
Z 02.00 — Liability Structure (LIAB)
II.2.1
General remarks
15.
This template requires granular information on the liability structure of...
16.
Where a maturity breakdown is set out in this template,...
17.
By default, amounts reported in this template shall be outstanding...
18.
By way of derogation from the previous paragraph, balance sheet...
II.2.2
Instructions concerning specific positions
II.3
Z 03.00 — Own funds requirements (OWN)
II.3.1
General remarks
19.
This template gathers information on the own funds requirements for...
20.
All information reported shall reflect the own funds requirements applicable...
21.
The information on Pillar 2 requirements reported in this template...
22.
Where the entity the report refers to is not subject...
II.3.2
Instructions concerning specific positions
II.4
Z 04.00 — Intragroup financial interconnections (IFC)
II.4.1
General remarks
23.
This template requires information on intragroup liabilities not excluded from...
24.
All financial interconnections between relevant legal entities that are included...
25.
The combination of values reported in columns 0020, 0040 and...
II.4.2
Instructions concerning specific positions
II.5
Z 05.01 and Z 05.02 — Major Counterparties (MCP)
II.5.1
General remarks
26.
These templates collect information on liabilities towards major counterparties (Z...
27.
Liabilities and off-balance sheet items for which the counterparty cannot...
II.5.2
Z 05.01 – Major liabilities counterparties — Instructions concerning specific...
28.
The combination of values reported in columns 0020 and 0060...
II.5.3
Z 05.02 – Major off-balance sheet counterparties: Instructions concerning specific...
29.
The combination of values reported in columns 0020 and 0060...
II.6
Z 06.00 — Deposit insurance (DIS)
II.6.1
General remarks
30.
This template provides an overview of deposits insurance within a...
31.
Every credit institution belonging to the group shall be reported...
II.6.2
Instructions concerning specific positions
II.7
Critical functions and core business lines
II.7.1
General remarks
32.
The four templates of this section provide key data and...
33.
More specifically, the templates are dedicated to the following topics:...
34.
Template Z 07.01 — Criticality assessment of economic functions (FUNC...
35.
Template Z 07.02 — Mapping of critical functions by legal...
36.
Z 07.03 — Mapping of Core Business Lines by legal...
37.
Template Z 07.04 — Mapping of critical functions to core...
38.
Pursuant to Article 2(1) point 35 of the Directive 2014/59/EU,...
39.
Pursuant to Article 6(1) of Commission Regulation (EU) 2016/778, a...
40.
Pursuant to Article 2(1), point (36) of the Directive 2014/59/EU,...
41.
For the purposes of this template, economic functions shall refer...
42.
For each category of economic functions, an economic function ‘other’...
43.
Counterparties referred to in rows 0010 to 0070 and rows...
II.7.2
Z 07.01 — Criticality assessment of economic functions (FUNC 1):...
44.
This template shall be reported once for each Member State...
45.
It covers all economic functions performed in that Member State...
II.7.3
Z 07.02 — Mapping of critical functions by legal entity...
46.
This template shall be reported for the entire group. Only...
47.
The combination of values reported in columns 0010, 0020 and...
II.7.4
Z 07.03 — Mapping of Core Business Lines to legal...
48.
The combination of values reported in columns 0020 and 0040...
49.
Only material entities, as identified in {Z 07.02;0060}, shall be...
II.7.5
Z 07.04 — Mapping of critical functions to core business...
50.
The combination of values reported in columns 0010, 0020 and...
51.
Only critical functions, as identified in {Z 07.01;0070}, shall be...
II.8
Z 08.00 — Critical services (SERV)
II.8.1
General instructions
52.
The information to be included in this template shall be...
53.
Critical services shall mean the underlying operations, activities and services...
54.
Services that are performed entirely internally to a legal entity...
55.
Services that do not have a material impact on critical...
56.
The combination of values reported in columns 0010, 0030, 0050,...
II.8.2
Instructions concerning specific positions
II.9
Z 09.00 — FMI Services — Providers and Users —...
II.9.1
General remarks
57.
This template identifies clearing, payments, securities settlement and custody activities,...
58.
This template shall be reported once for the entire institution...
59.
Only the Financial Market Infrastructures the disruption of which would...
II.9.2
Instructions concerning specific positions
II.10
Critical information systems
II.10.1
General remarks
60.
This section consists of the following templates:
61.
A Critical Information System (‘CIS’) shall be understood as an...
62.
These templates shall be reported for the entire group.
II.10.2
Z 10.01 — Critical Information systems (General information) (CIS 1):...
63.
The value reported in column 0010 of this template forms...
II.10.3
Z 10-02 — Mapping of information systems (CIS 2): Instructions...
64.
The combination of values reported in columns 0010, 0030, 0040...
ANNEX III
Single data point model
All data items set out in Annex I shall be...
The single data point model shall meet the following criteria:...
provide a structured representation of all data items set out...
ANNEX IV
Validation rules
The data items set out in Annex I shall be...
define the logical relationships between relevant data points; include filters...
Commission Implementing Regulation (EU) 2018/1624
of 23 October 2018
laying down implementing technical standards with regard to procedures and standard forms and templates for the provision of information for the purposes of resolution plans for credit institutions and investment firms pursuant to Directive 2014/59/EU of the European Parliament and of the Council, and repealing Commission Implementing Regulation (EU) 2016/1066
(Text with EEA relevance)
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Directive 2014/59/EU of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council , and in particular Article 11(3) thereof,
Whereas:
(1)
Commission Implementing Regulation (EU) 2016/1066 specifies the procedure and introduces a minimum set of templates for the provision of information to resolution authorities by credit institutions or investment firms (‘institutions’) for the purpose of drawing up and implementing resolution plans for institutions. Since the adoption of Implementing Regulation (EU) 2016/1066, resolution authorities have gained experience in the area of resolution planning. In light of that experience, it is necessary to update the minimum set of templates for the collection of information for resolution planning purposes.
(2)
Implementing Regulation (EU) 2016/1066 also aims to design the procedure and the minimum set of templates for the provision of information to resolution authorities by institutions in a way that enables the resolution authorities to collect that information in a consistent manner across the Union and to facilitate the exchange of information among the relevant authorities. However, experience has shown that a harmonised approach to the collection of that information has only been partially achieved. It is therefore necessary to ensure that resolution authorities collect a minimum core of information relating to an institution or group across the Union on a regular basis. This does not prevent the resolution authority from collecting any additional information they deem necessary to draw up and implement resolution plans or to determine, as set out in Article 4 of Directive 2014/59/EU, simplified information obligations.
(3)
In order to ensure that resolution plans are based on a minimum set of data of consistently high quality and precision, the data items set out in the reporting templates introduced by Implementing Regulation (EU) 2016/1066 should be transformed into a single data point model, as is the practice in supervisory reporting. The single data point model should consist of a structural representation of the data items, and identify all relevant business concepts for the purpose of uniform reporting for resolution planning and should contain all of the relevant specifications necessary for further developing uniform IT reporting solutions.
(4)
In order to safeguard the quality, consistency and accuracy of data items reported by institutions, the data items should be subject to common validation rules.
(5)
Due to their very nature, validation rules and data point definitions are updated regularly in order to ensure they comply, at all times, with applicable regulatory, analytical and information technology requirements. However, the time presently required to adopt and publish the detailed single data point model and validation rules means that it is not possible to carry out modifications in a sufficiently rapid and timely manner that would ensure permanent provision of uniform information regarding resolution plans in the Union. Therefore, stringent qualitative criteria should be established for the detailed single data point model and the detailed common validation rules which will be published electronically by the European Banking Authority (EBA) on its website.
(6)
In accordance with Article 11(2) of Directive 2014/59/EU, competent and resolution authorities should cooperate in order to minimise duplicated information requirements. For that purpose, Implementing Regulation (EU) 2016/1066 introduces a cooperation procedure between competent and resolution authorities, which should be maintained so that competent and resolution authorities jointly verify whether some or all of the requested information is already available to the competent authority. Where the information is available to the competent authority, it is appropriate that it transmits it to the resolution authority directly.
(7)
Given the extent of the necessary amendments to Implementing Regulation (EU) 2016/1066, it is preferable, for reasons of legal certainty and clarity, to adopt a new Implementing Regulation and, therefore, to repeal Implementing Regulation (EU) 2016/1066.
(8)
This Regulation is based on the implementing technical standards submitted by the EBA to the Commission.
(9)
The EBA has conducted open public consultations on the implementing technical standards on which this Regulation is based, analysed the potential related costs and benefits and requested the opinion of the Banking Stakeholder Group established in accordance with Article 37 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council ,
HAS ADOPTED THIS REGULATION:
OJ L 173, 12.6.2014, p. 190.
Commission Implementing Regulation (EU) 2016/1066 of 17 June 2016 laying down implementing technical standards with regard to procedures, standard forms and templates for the provision of information for the purpose of resolution plans for credit institutions and investment firms pursuant to Directive 2014/59/EU of the European Parliament and of the Council (OJ L 181, 6.7.2016, p. 1).
Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ L 331, 15.12.2010, p. 12).
Regulation: power to modify conferred (11.7.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 3, 86(3), Sch. 1 Pt. 3; S.I. 2023/779, reg. 2(d)
The “appropriate regulator” has power to make such provision as they consider appropriate by means of an instrument in writing to prevent, remedy or mitigate any failure of the provisions of this Regulation to operate effectively or any other deficiency arising from the withdrawal of the United Kingdom from the EU, see The Financial Regulators’ Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115), regs. 2, 3, Sch. Pt. 3 para. 113A (as amended by The Financial Regulators’ Powers (Technical Standards etc.) and Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/576), regs. 1(2), 2(5)) (with saving on IP completion day by S.I. 2018/680. regs. 1(2), 11; 2020 c. 1, Sch. 5 para. 1(1))