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Commission Implementing Regulation (EU) No 680/2014 of 16 April 2014 laying down implementing technical standards with regard to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance)
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Version Superseded: 01/12/2018
Point in time view as at 01/01/2018.
Commission Implementing Regulation (EU) No 680/2014, PART 1 is up to date with all changes known to be in force on or before 06 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
EUR 2014 No. 680 may be subject to amendment by EU Exit Instruments made by both the Prudential Regulation Authority and the Financial Conduct Authority under powers set out in The Financial Regulators' Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115), regs. 2, 3, Sch. Pt. 4. These amendments are not currently available on legislation.gov.uk. Details of relevant amending instruments can be found on their website/s.
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assets, liabilities, equity, income and expenses that are recognised by the institution;
off-balance sheet exposures and activities in which the institution is involved;
transactions performed by the institution;
valuation rules, including methods for the estimation of allowances for credit risk, applied by the institution.
‘ CRR ’ : Regulation (EU) No 575/2013
‘ IAS ’ or ‘ IFRS ’ : ‘ International Accounting Standards ’ , as defined in Article 2 of the IAS Regulation No 1606/2002 (1) , which have been adopted by the Commission;
‘ ECB BSI Regulation ’ or ‘ ECB/2013/33 ’ : Regulation (EC) No 1071/2013 of the European Central Bank (2) ;
‘ NACE Regulation ’ : Regulation (EC) No 1893/2006 of the European Parliament and of the Council (3) ;
‘ NACE codes ’ : codes in NACE Regulation;
‘ BAD ’ : Council Directive 86/635/EEC (4) ;
‘ Accounting Directive ’ : Directive 2013/34/EU (5) ;
‘ National GAAP ’ : national generally accepted accounting principles developed under BAD;
‘ SME ’ : micro, small and medium-sized enterprises defined in Commission Recommendation C(2003)1422 (6) ;
‘ ISIN code ’ : the International Securities Identification Number assigned to securities, composed of 12 alphanumeric characters, which uniquely identifies a securities issue;
‘ LEI code ’ : the global Legal Entity Identifier assigned to entities, which uniquely identifies a party to a financial transaction;
‘ Impairment stages ’ : categories of impairment as defined in IFRS 9.5.5. ‘ Stage 1 ’ refers to impairment measured in accordance with IFRS 9.5.5.5. ‘ Stage 2 ’ refers to impairment measured in accordance with IFRS 9.5.5.3. ‘ Stage 3 ’ refers to impairment on credit-impaired assets as defined in Appendix A of IFRS 9.
Table 1 | |||
Credit/debit convention, positive and negative signs | |||
[F1 [F2Element | Credit/Debit | Balance/Movement | Figure reported |
---|---|---|---|
Assets | Debit | Balance on assets | Positive ( ‘ Normal ’ , no sign needed) |
Increase on assets | Positive ( ‘ Normal ’ , no sign needed) | ||
Negative balance on assets | Negative (Minus ‘ – ’ sign needed) | ||
Decrease on assets | Negative (Minus ‘ – ’ sign needed) | ||
Expenses | Balance on expenses | Positive ( ‘ Normal ’ , no sign needed) | |
Increase on expenses | Positive ( ‘ Normal ’ , no sign needed) | ||
Negative balance (including reversals) on expenses | Negative (Minus ‘ – ’ sign needed) | ||
Decrease on expenses | Negative (Minus ‘ – ’ sign needed) | ||
Liabilities | Credit | Balance on liabilities | Positive ( ‘ Normal ’ , no sign needed) |
Increase on liabilities | Positive ( ‘ Normal ’ , no sign needed) | ||
Negative balance on liabilities | Negative (Minus ‘ – ’ sign needed) | ||
Decrease on liabilities | Negative (Minus ‘ – ’ sign needed) | ||
Equity | Balance on equity | Positive ( ‘ Normal ’ , no sign needed) | |
Increase on equity | Positive ( ‘ Normal ’ , no sign needed) | ||
Negative balance on equity | Negative (Minus ‘ – ’ sign needed) | ||
Decrease on equity | Negative (Minus ‘ – ’ sign needed) | ||
Income | Balance on income | Positive ( ‘ Normal ’ , no sign needed) | |
Increase on income | Positive ( ‘ Normal ’ , no sign needed) | ||
Negative balance (including reversals) on income | Negative (Minus ‘ – ’ sign needed) | ||
Decrease on income | Negative (Minus ‘ – ’ sign needed) |
institutions may be permitted or required to apply the equity method to investments in insurance and non-financial subsidiaries in accordance with Article 18(5) of CRR;
institutions may be permitted to use the proportional consolidation method for financial subsidiaries in accordance with Article 18(2) of CRR;
institutions may be required to use the proportional consolidation method for investment in joint ventures in accordance with Article 18(4) of CRR.
‘ Financial assets held for trading ’ ;
‘ Non-trading financial assets mandatorily at fair value through profit or loss ’
‘ Financial assets designated at fair value through profit or loss ’ ;
‘ Financial assets at fair value through other comprehensive income ’ ;
‘ Financial assets at amortised cost ’ .
‘ Trading financial assets ’ ;
‘ Non-trading non-derivative financial assets measured at fair value through profit or loss ’ ;
‘Non-trading non-derivative financial assets measured at fair value to equity;
‘ Non-trading non-derivative financial assets measured at a cost-based method ’ ; and
‘ Other non-trading non-derivative financial assets ’ .
‘ Financial liabilities held for trading ’ ;
‘ Financial liabilities designated at fair value through profit or loss ’ ;
‘ Financial liabilities measured at amortised cost ’ .
‘ Trading financial liabilities ’ ;
‘ Non-trading non-derivative financial liabilities measured at a cost-based method ’ .
under IFRS and national GAAP based on BAD for debt instruments measured at fair value through profit or loss without being included in the held for trading or trading portfolio, the gross carrying amount shall depend on whether they are classified as performing or non-performing. For performing debt instruments, the gross carrying amount shall be the fair value. For non-performing debt instruments, the gross carrying amount shall be the fair value after adding back any accumulated negative fair value adjustment due to credit risk, as defined in paragraph 69 of Part 2 of this Annex. For the purpose of the measurement of the gross carrying amount, the valuation of the debt instruments shall be performed on the level of single financial instruments;
under IFRS for debt instruments at amortised cost or at fair value through other comprehensive income, the gross carrying amount shall be the carrying amount before adjusting for any loss allowance;
under national GAAP based on BAD, for debt instruments classified as ‘ non-trading non-derivative financial assets measured at a cost-based method ’ , the gross carrying amount of impaired assets shall be equal to the carrying amount before adjusting for specific allowances for credit risk. The gross carrying amount of unimpaired assets shall be the carrying amount before adjusting for general allowances for credit risk and general allowances for banking risk, where affecting the carrying amount;
under national GAAP based on BAD, the gross carrying amount of debt instruments classified as ‘ Non-trading non-derivative financial assets measured at fair value to equity ’ shall depend on whether these financial assets are subject to impairment requirements. Where they are subject to impairment requirements, the gross carrying amount shall be the carrying amount before adjusting for any accumulated impairment, following the requirements in point (c) above for impaired and unimpaired assets, or any accumulated amount of fair value adjustment that is considered as impairment loss. When these financial assets are not subject to impairment requirements, the gross carrying amount of these financial assets shall be the fair value for performing exposures, and for non-performing exposures the fair value after adding back any accumulated negative fair value adjustment due to credit risk;
under national GAAP based on BAD, the gross carrying amount of debt instruments measured at strict or moderate LOCOM shall be the cost where measured at cost during the reporting period. Where these debt instruments are measured at market value the gross carrying amount shall be the market value before adjusting for credit-risk induced value adjustments;
under national GAAP based on BAD, for debt instruments reported under ‘ Other non-trading non-derivative financial assets ’ under measurement methods other than LOCOM, the gross carrying amount shall be the carrying amount before taking into account any valuation adjustment that qualifies as impairment;
for trading financial assets under GAAP based on BAD or held for trading financial assets under IFRS, the gross carrying amount shall be the fair value. Where GAAP based on BAD require haircuts on trading and fair valued instruments, the carrying amount of the financial instruments shall be the fair value before these haircuts.
central banks;
general governments: central governments, state or regional governments, and local governments, including administrative bodies and non-commercial undertakings, but excluding public companies and private companies held by these administrations that have a commercial activity (which shall be reported under ‘ credit institutions ’ , ‘ other financial corporations ’ or ‘ non-financial corporations ’ depending on their activity); social security funds; and international organisations, such as institutions of the European Union, the International Monetary Fund and the Bank for International Settlements;
credit institutions: any institution covered by the definition in Article 4(1)(1) of CRR ( ‘ undertaking the business of which is to take deposits or other repayable funds from the public and to grant credits for its own account ’ ) and multilateral development banks (MDBs);
other financial corporations: all financial corporations and quasi-corporations other than credit institutions such as investment firms, investment funds, insurance companies, pension funds, collective investment undertakings, and clearing houses as well as remaining financial intermediaries, financial auxiliaries and captive financial institutions and money lenders;
non-financial corporations: corporations and quasi-corporations not engaged in financial intermediation but principally in the production of market goods and non-financial services according to the ECB BSI Regulation;
households: individuals or groups of individuals as consumers and producers of goods and non-financial services exclusively for their own final consumption, and as producers of market goods and non-financial and financial services provided that their activities are not those of quasi-corporations. Non-profit institutions which serve households ( ‘ NPISH ’ ) and which are principally engaged in the production of non-market goods and services intended for particular groups of households shall be included.
for loans and advances, the immediate borrower. For trade receivables, the immediate borrower shall be the counterparty obliged to pay the receivables, except in transactions with recourse, where the immediate borrower shall be the transferor of receivables where the reporting institution does not acquire substantially all the risks and rewards of ownership of the transferred receivables;
for debt securities and equity instruments, the issuer of the securities;
for deposits, the depositor;
for short positions, the counterparty of the securities borrowing transaction or reverse repurchase agreement;
for derivatives, the direct counterparty of the derivative contract. For centrally cleared OTC derivatives the direct counterparty shall be the clearing house acting as a central counterparty. Counterparty breakdown for credit risk derivatives refers to the sector where the counterparty of the contract (buyer or seller of protection) belongs;
for financial guarantees given, the counterparty shall be the direct counterparty of the guaranteed debt instrument;
for loan commitments and other commitments given, the counterparty whose credit risk is assumed by the reporting institution;
for loan commitments, financial guarantees and other commitments received, the guarantor or the counterparty that has provided the commitment to the reporting institution.] ]
Textual Amendments
F1 Substituted by Commission Implementing Regulation (EU) 2015/227 of 9 January 2015 amending Implementing Regulation (EU) No 680/2014 laying down implementing technical standards with regard to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance).
F2 Substituted by Commission Implementing Regulation (EU) 2017/1443 of 29 June 2017 amending Implementing Regulation (EU) No 680/2014 laying down implementing technical standards with regards to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance).
[F1 [F2Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards ( OJ L 243, 11.9.2002, p. 1 )] ]
[F1 [F2Regulation (EC) No 1071/2013 of the European Central Bank of 24 September 2013 concerning the balance sheet of monetary financial institutions sector (recast) (ECB/2013/33) ( OJ L 297, 7.11.2013, p. 1 ).] ]
[F1 [F2Regulation (EC) No 1893/2006 of the European Parliament and of the Council of 20 December 2006 establishing the statistical classification of economic activities NACE Revision 2 and amending Council Regulation (EEC) No 3037/90 as well as certain EC Regulations on specific statistical domains ( OJ L 393, 30.12.2006, p. 1 ).] ]
[F1 [F2Council Directive 86/635/EEC of 8 December 1986 on the annual accounts and consolidated accounts of banks and other financial institutions ( OJ L 372, 31.12.1986, p. 1 ).] ]
[F1 [F2Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC ( OJ L 182, 29.6.2013, p. 19 )] ]
[F1 [F2Commission Recommendation of 6 May 2003 concerning the definition of micro, small and medium-sized enterprises (C(2003)1422) ( OJ L 124, 20.5.2003, p. 36 ).] ]
Textual Amendments
F1 Substituted by Commission Implementing Regulation (EU) 2015/227 of 9 January 2015 amending Implementing Regulation (EU) No 680/2014 laying down implementing technical standards with regard to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance).
F2 Substituted by Commission Implementing Regulation (EU) 2017/1443 of 29 June 2017 amending Implementing Regulation (EU) No 680/2014 laying down implementing technical standards with regards to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance).
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