Format of NACE code to be reported (Annex IX, 5. LE1 template identification of the counterparty, instruction to column 060 NACE code)

In case the National Competent Authority applies a national specific IT solution for requiring data to institutions (first level reporting), the information about NACE can be differently managed according to recital 98 of the Regulation (EU) No 680/2014 13 ITS on supervisory reportingITS. Where EBA taxonomy is used for the first level reporting between institutions and national banking supervisors, only the NACE code has to be reported. This means, in technical terms, the reporter has to use the values from the code list NACE code defined in definition link role: ( http://www.eba.europa.eu/-/eba-publishes-xbrl-taxonomy-for-remittance-of... ) inside the EBA taxonomy.   *As of 1/8/2014 the content of this answer was modified to reflect the publication of the final ITS on supervisory reporting of institutions in the Official Journal of the European Union. As a result, the references to the ITS were updated and the disclaimer deleted. For reasons of transparency, revisions are highlighted in track changes.