FINREP Group Structure Template 40.02

For entities which are consolidated as part of the Group, where a subsidiary of the economic group has legal ownership over these entities, but the group has no legal ownership over that subsidiary. What data should be reported in FINREP template F 40.02?

Annex V. Part 2 Paragraph 294 states that institutions shall provide, as of the reporting date, detailed information on subsidiaries, joint ventures and associates fully or proportionally consolidated within the scope of accounting consolidation as well as entities reported as “Investments in subsidiaries, joint ventures and associates” which are not fully or proportionally consolidated under the regulatory scope of consolidation, including also those entities in which investments are held for sale under IFRS 5. All subsidiaries regardless the activity they perform shall be reported.    And following your final answer under the question submitted by Nationwide Building Society, ID nr. 2016-2670, when entities are consolidated in accordance with the accounting rules but the reporting entity does not have the legal ownership, the entities shall be reported in template F 40.01 and no information shall be reported in template F 40.02. Therefore, it is possible to identify the entities controlled by the group of institutions but not who the controlling entity is.    Our question refers to the subsidiaries under the controlled entity, where there is legal ownership. In this case, there is a direct capital investment by the controlled entity in the subsidiary, but there is no legal ownership of the group’s parent company. Should this subsidiary be included as the Parent Company in FINREP template 40.02? (for example: Parent company A has control over entity B, and entity B has legal ownership over entity C. Should the relationship between entities B and C be reported on FINREP template 40.02?)