EBA · 2014_701 Final Q&A

LE1 template (C 27.00) - reporting of identification data on individual clients within groups of connected clients

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
394, para. 1,2
Topic
Supervisory reporting - Large Exposures
Submitted by
Competent authority
Submitted
2014-01-03
Answered
2014-04-30
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

In the case of exposure to the group of connected clients (with 5 clients forming a group): Does an institution have to report the identification data (LE1 template C 27.00) ) only for a group of connected clients (group data) or also for those 5 clients which form the group?

Background

Instructions (LE1 template: Identification of the counterparty, column 010-070) define that "Institutions shall report the identification of any counterparty for which information is being submitted. It shall cover all codes as submitted according to column 010 in templates LE2 to LE5" Does that mean that in the case described above an institution have to report the identification data (template LE1) for a group of connected clients AND identification data (template LE1) for all clients forming a group (clients included in the template LE3)?

Answer

Annex IX of the Regulation (EU) No 680/2014 13 ITS on supervisory reporting of institutionsDraft ITS on Supervisory reporting (Instructions for reporting large exposures) in its Part II 5.1 for C 27.00 (LE1) template column 010 13 070 states that "Institutions shall report the identification of any counterparty for which information is being submitted. It shall cover all codes as submitted according to column 010 in templates C 28.00 to C 31.00 (LE2 to LE5)." The expression LE1 "shall cover all codes" in templates LE2 to LE5 means that every code which is used in those templates has to be explained by reporting the name, LEI code, residence, sector, NACE code and type of counterparty in a related LE1. Because LE3 and LE5 are only used for clients forming a group of connected clients, and the codes of these clients are used in those templates, it is necessary to report in LE1 for every client in a group of connected clients.   *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.

Original source: European Banking Authority, Q&A ID 2014_701

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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