Precisions on the Entity Code on COREP Solva Group (C06.02) and FINREP F40.01

Annex II and Annex V currently do not contain detailed information on this topic. However, Annex IX of the ITS contains the following instructions regarding column 010 in template C 27.00: “The code is a row identifier, and must be unique for each row in the table. The code shall be used to identify the individual counterparty. However, the purpose of this column is to link counterparty details in C 27.00 with exposures reported in C 28.00 – C 31.00. The code of the group of connected clients shall not be reported, unless the national reporting system provides a unique code for the group of connected clients. The codes shall be used in a consistent way across time”. Thus, the code used in templates C 27.00 – C .31.00 should be identical for a given counterparty. In contrast, Annex II and Annex V respectively do not contain explicit instructions as to the relation of the Legal entity code between templates C 06.02 and F 40.01. However, given that a comparison between the consolidation scope used for accounting and prudential purposes is important from a supervisory perspective, it is assumed that a given entity has the same code in both templates. Even if those templates are provided by different systems in the banking institutions e.g. COREP template is provided by the risk system, while the FINREP template is provided by the financial system a mapping within the banking institution must be possible to ensure that only one entity code is used for supervisory reporting purposes. This is especially relevant for entities that do not have a Legal Entity Identifier (LEI). The ITS will be amended in order to reflect this relation more clearly.