Scope of application of FINREP

Background provided by the submitter · verbatim

Article 99.2 of the CRR which states the reporting requirements for financial information, uses the term “also”. The use of this term may create a link with the preceding paragraph and therefore linked the remittance of the FINREP templates to the remittance of the COREP templates.

Rationale for rejection · verbatim

Please note that as part of adjustments to the Single Rulebook Q&A process, agreed by the EBA and the European Commission, it has been decided to reject outstanding questions submitted before 1 January 2020, when the Q&A process was updated as part of the last ESAs Review. In particular, the question that you have submitted has now regrettably been rejected and will not be addressed.

If you believe your question would still benefit from clarification, you are invited to resubmit your question, adapting it to reflect any legislative, regulatory or other relevant developments that may have occurred since the initial date of submission. The EBA will aim to address resubmitted questions as a matter of priority. When considering to resubmit, you are kindly requested to observe the updated admissibility criteria agreed in the context of the adjustment of the Q&A process, available in the

Additional background and guidance for asking questions

. We hope for your understanding.

For further information please refer to the

press release

and the updated

Q&A page

.