EIOPA · 2936
Reporting Templates
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
- Topic
- Reporting Templates
- Submitted
- 2023-12-14
- Answered
- 2025-03-28
Question
From taxonomy 2.8 onwards, a 4-digit NACE code must be provided in the 'Issuer Sector' field of S.06.02 and S.11.01. This code is not always available in the market. This can happen, for example, if a company has activities in multiple (sub)sectors. How should the provision of a 4-digit code be handled in these cases? For example, is it allowed to report the first 4-digit code from the NACE list that corresponds to the available 2- or 3-digit code that is available?
Answer
The answer to this question has been revised on 28/03/2025:Please provide the code according to NACE Revision 2 list and principles (NACE Rev. 2 - Statistical classification of economic activities). If such alignment is not possible, please use s2md_NC:x1 (Other) domain member. *** Old answer published until 28/03/2025:Please provide the code that would align to the principal activity of those entities as described in point III.a and the Annex I of the NACE Rev. 1 Statistical classification of economic activities in the European Community (https://ec.europa.eu/eurostat/documents/3859598/8634073/CA-80-93-436.pdf/bd973dfc-cb58-478e-ae7f-2b0b5763a491?t=1517396135000#page=24) and later reinforced in Rev. 2 (Introductory_guidelines_EN_1.1.DOC (europa.eu)), or if not possible, please reuse the solution described in the list of known issues no 203 and report using code for 'other'.
This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
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