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Commission Implementing Regulation (EU) 2018/1624Show full title
Commission Implementing Regulation (EU) 2018/1624of 23 October 2018laying down implementing technical standards with regard to procedures and standard forms and templates for the provision of information for the purposes of resolution plans for credit institutions and investment firms pursuant to Directive 2014/59/EU of the European Parliament and of the Council, and repealing Commission Implementing Regulation (EU) 2016/1066(Text with EEA relevance)
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Changes over time for: Article 6
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Commission Implementing Regulation (EU) 2018/1624, Article 6 is up to date with all changes known to be in force on or before 19 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 2018 No. 1624 may be subject to amendment by EU Exit Instruments made by the Bank of England 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. 3. 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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Changes and effects yet to be applied to Article 6:
- Regulation revoked by 2023 c. 29 Sch. 1 Pt. 3
Article 6U.K.Format for the submission of information
1.Institutions or, in the case of groups Union parent undertakings, shall submit the information referred to in Article 3(1) in the data exchange formats and representations specified by resolution authorities, and shall respect the data point definitions included in the single data point model referred to in Annex III and the validation rules referred to in Annex IV, as well as the following specifications:
(a)information not required or not applicable shall not be included in a data submission;
(b)numeric values shall be submitted as facts according to the following:
(i)
data points with the data type ‘Monetary amount’ shall be reported using a minimum precision equivalent to thousands of units;
(ii)
data points with the data type ‘Percentage’ shall be expressed as per unit with a minimum precision equivalent to four decimals;
(iii)
data points with the data type ‘Integer’ shall be reported using no decimals and a precision equivalent to units.
2.The data submitted by institutions or, in the case of groups by Union parent undertakings, shall be associated with the following information:
(a)reference date for the submission;
(b)reporting currency;
(c)applicable accounting standards;
(d)identifier of the reporting entity;
(e)level of consolidation of information in accordance with Article 4.
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