Calculation of derecognised fiduciary assets

According to Article 429 (13) 429a(1)(i) of Regulation (EU) No 575/2013 (CRR), as amended by Commission Delegated Regulation (EU) 2015/62, fiduciary assets that are included in the accounting balance sheet according to the national generally accepted accounting principles, can be excluded from the leverage ratio exposure measure, provided that they meet the criteria for non-recognition set out in IAS 39, and where applicable, the criteria for non-consolidation, as set out in IFRS 10. The value of the fiduciary assets that are included in the balance sheet, but are excluded from the leverage ratio exposure measure according to Article 429 (13) 429a(1)(i) of the CRR, must be reported to the supervisor in table C47.00, row 240 (LRCalc) according to Part II, paragraph 20 of Annex XI of Regulation (EU) No 680/2014 451/2021 (ITS on Supervisory Reporting) as amended by Commission Implementing Regulation (EU) 2016/428, and must be disclosed according to Article 5 of Commission Implementing Regulation (EU) 2016/200.   As row 240 of LRCalc subtracts the value of fiduciary assets, the leverage ratio exposure measure of the fiduciary assets still has to be reported in the template where appropriate (such as in the cells relating to derivatives if the fiduciary items represent derivatives). Analogous to what is specified in row 240 of LRCalc – that other assets that benefit from the exemption still have to be reported under row 190 which in turn is calculated differently from the value under the applicable accounting framework – in case of derivatives the value still has to be determined in accordance with Article s   429a (1) and Article 429a (8)   429c(1) and 429c(6)  of the CRR, respectively – regardless whether they are excluded or not from the leverage ratio exposure measure.