EBA · 2016_2573 Final Q&A

Two validation rules on "Treasury shares" no more available considering the cancellation of another validation rule on the same matter

Regulation
Regulation (EU) No 575/2013 (CRR)
Article
99
Topic
Supervisory reporting - FINREP (incl. FB&NPE)
Submitted by
Competent authority
Submitted
2016-01-15
Answered
2019-12-13
Answer provided by
ESAs (EBA, ESMA, EIOPA)

Question

Why validation rules  v2060_s (for FINREP F01.03, rows 240,260, col 010) and v2061_s (for FINREP F17.03, rows 340,360, col 010), asking for negative value are still active while the n° v2028_s (for FINREP F46.00, rows 010,040,210, col 090,110), for same value as the 2 precedent controls, asking for negative value too, has been deleted in the version 2.3

Background

Incoherence in validation rules

Answer

The rows included in the validation rules v2060_s and v2061_s have a ‘(-)’ at the beginning of their label. According to Annex V, part 1, paragraph 9 of Regulation (EU) 680/2014 (ITS on Supervisory Reporting) those items shall be reported in negative. Therefore, validation rules v2060_s and v2061_s correctly check that no positive values are reported and will not be deactivated. Validation rule v2028_m was deleted because it is already covered by the validation rules v1323_m, v1325_m, v3472_i and v3474_i.

Original source: European Banking Authority, Q&A ID 2016_2573

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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