EBA · 2014_976 Final Q&A

Missing activity in NACE code - for agiculure

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
99
Topic
Supervisory reporting - Other
Submitted by
Competent authority
Submitted
2014-03-20
Answered
2014-10-03
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

Dear Sir/Madam! We found out that there is no NACE code in ITS for activity Agriculture. In NACE code are for eg. codes A - Agriculture, forestry and fishing, A2 - Forestry and logging and A3 - Fishing and aquaculture. But there is not code for Agriculture, which could be A1. That you for your answer. Best regards, Tjaša Češnovar BANKA SLOVENIJE Eurosystem Banking supervision Slovenska 35 1505 Ljubljana Phone: +386 1 47 19 341 Faks: +386 1 47 19 727 E-mail: Tjasa.Cesnovar@bsi.si Website: http://www.bsi.si

Background

Dear Sir/Madam! We found out that there is no NACE code in ITS for activity Agriculture. In NACE code are for eg. codes A - Agriculture, forestry and fishing, A2 - Forestry and logging and A3 - Fishing and aquaculture. But there is not code for Agriculture, which could be A1. That you for your answer. Best regards, Tjaša Češnovar BANKA SLOVENIJE Eurosystem Banking supervision Slovenska 35 1505 Ljubljana Phone: +386 1 47 19 341 Faks: +386 1 47 19 727 E-mail: Tjasa.Cesnovar@bsi.si Website: http://www.bsi.si

Answer

In template C 27.00, covering the identification of the counterparty of the  exposure, the NACE codes of non-financial corporations and other financial corporations shall be reported. According to the instructions (Annex IX of the Regulation (EU) No 680/2014 13 ITS on Supervisory Reporting of institutions (ITS)), for non-financial corporations (where agricultural corporations shall be allocated), NACE codes shall be used with one-digit detail. Therefore, agricultural corporations shall be given the code "A. Agriculture, forestry and fishing", as included in the Data Point Model.

Original source: European Banking Authority, Q&A ID 2014_976

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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