NACE CODES

With regard to template F 06.01 'Breakdown of loans and advances other than held for trading, trading or held for sale assets to non-financial corporations by NACE codes', Annex V, Part 2, paragraph 92 of Commission Implementing Regulation (EU) 2021/451 states that: ' Reporting of NACE codes shall be done with the first level of disaggregation (by ‘section’). Institutions shall report loans and advances to non-financial corporations which engage in financial or insurance activities in ‘K – Financial and insurance activities ’. The ‘NACE codes’ reported in template F 06.01 are the codes included in Regulation (EC) No 1893/2006 of the European Parliament and of the Council (NACE rev. 2). The latter has been reviewed by the Commission Delegated Regulation (EU) 2023/137 of 10 October 2022 (NACE rev. 2.1) which shall apply to the data transmissions to the Commission (Eurostat) relating to each reference period from 1 January 2025. Until the Commission Implementing Regulation (EU) 2021/451 is amended to include the new codes (NACE rev. 2.1) , institutions should keep reporting the outdated codes (NACE rev. 2) and consider the correspondence tables between NACE rev. 2 and NACE rev. 2.1 provided at the following link: Transition - Eurostat in order to reconcile the codes between the previous classification and the new one. The same approach should be applied to all reporting under the EBA reporting framework where NACE codes are used, until their underlying regulation is amended.