Commission Implementing Regulation (EU) No 680/2014Show full title

[F1 [F2 21. RELATED PARTIES (31) U.K.

119. Institutions shall report amounts and/or transactions related to the balance sheet and the off-balance sheet exposures where the counterparty is a related party. U.K.

120. Intra-group transactions and intra-group outstanding balances shall be eliminated. Under ‘ Subsidiaries and other entities of the same group ’ , institutions shall include balances and transactions with subsidiaries that have not been eliminated either because the subsidiaries are not fully consolidated with the prudential scope of consolidation or because, in accordance with Article 19 of CRR, the subsidiaries are excluded from the scope of prudential consolidation for being immaterial or because, for institutions that are part of a bigger group, the subsidiaries are of the ultimate parent not of the institution. Under ‘ Associates and joint ventures ’ , institutions shall include the portions of balances and transactions with joint ventures and associates of the group to which the entity belongs that have not been eliminated when either proportional consolidation or the equity method is applied. U.K.

21.1. Related parties: amounts payable to and amounts receivable from (31.1) U.K.

121. For ‘ Loan commitments, financial guarantees and other commitments received ’ , the amount that shall be reported is the sum of the ‘ nominal ’ of loan commitments received, the ‘ maximum collateral/guarantee that can be considered ’ of financial guarantees received and the ‘ nominal ’ of the other commitments received. U.K.

21.2. Related parties: expenses and income generated by transactions with (31.2) U.K.

122. ‘ Gains or losses on de-recognition of non-financial assets ’ shall include all the gains and losses on de-recognition of non-financial assets generated by transactions with related parties. This item shall include the gains and losses on de-recognition of non-financial assets, which have been generated by transactions with related parties and that are part of the following line items of the ‘ Statement of profit or loss ’ : U.K.

(a)

‘ Gains or losses on de-recognition of investments in subsidiaries, joint ventures and associates ’ ;

(b)

‘ Gains or losses on de-recognition of non-financial assets other than held for sale ’ ;

(c)

‘ Profit or loss from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations ’ , and;

(d)

‘ Profit or loss after tax from discontinued operations ’ .] ]

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) 2015/1278 of 9 July 2015 amending Implementing Regulation (EU) No 680/2014 laying down implementing technical standards with regard to supervisory reporting of institutions as regards instructions, templates and definitions (Text with EEA relevance).