EBA Q&A · 2022_6412
F 31.01 in combination with Q&A 915
Final Q&Afiled under Regulation (EU) 2021/451 – ITS on supervisory reporting of institutions (repealed) (repealed)Submitted 25/03/2022 · published 27/02/2023
Question · verbatim
According to
Q&A_915
and EBA-ITS v3.0, the EBA considers validation rule 1034_m still as accurate. We're seeking a clarification whether EBA also has taken into account IAS 24.26 when answering in 2014.
Background provided by the submitter · verbatim
In the answer to
Q&A 915
, the EBA only refers to IAS 24.25 and in this sense the answer is correct. But IAS 24.26 sets out some requirements to make use of the exception of IAS 24.25 which EBA didn't refer to in 2014. Based on these preconditions we believe that IAS 24.25 cannot be mandatory for FINREP. If a state-owned bank doesn't apply IAS 24.25 and discloses its balances against its parent (= regional government) this should also be shown in FINREP F 31.01.
Annex III to Regulation (EU) 2021/451 only refers to IAS 24.19 (a) and (b), therefore there is no rule other than the IAS and that's why validation rule 1034_m should be amended.
Answer · verbatim
The validation rule v1034_m has the sign =, therefore it works even where IAS 24.25 does not apply and all the relationships with related parties are represented in template F 31.01 of Annexes III and IV to Regulation (EU) 2021/451 (ITS on Supervisory Reporting). Indeed, in case of a state-owned bank giving financial guarantee to its parent company, the guarantees amount shall be reported as 'credit institutions' in row 0130, and not in r0120 of the template F 09.01.1., in accordance with the instructions in Annex V, Part 1, par 42 b) to the ITS on Supervisory Reporting.
Source: EBA Single Rulebook Q&A 2022_6412 · text as published, not rephrased · collected on 2026-10-08