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A release is the EBA package of templates and rules. A variant is an alternative set of templates inside a release (IFRS 18 replaces some IAS 1 templates). Annex V editions are versions of the instruction text.

EBA Q&A · 2024_7158

NACE CODES

Archivedfiled under Regulation (EU) 2021/451 – ITS on supervisory reporting of institutions (repealed) (repealed)Submitted 01/08/2024

Question · verbatim

Can we expect changes in the reporting templates for new updated NACE (NACE REV. 2.1)?

Background provided by the submitter · verbatim

Based on COMMISSION DELEGATED REGULATION (EU) 2023/137 of 10 October 2022 amending Regulation (EC) No 1893/2006 of the European Parliament and of the Council establishing the statistical classification of economic activities NACE Revision 2 (Regulation shall apply to the data transmissions to the Commission (Eurostat) relating to each reference period from 1 January 2025), NACE Codes are changed.

For FINREP reporting, main change is new “SECTION K – TELECOMMUNICATION, COMPUTER PROGRAMMING, CONSULTING, COMPUTING INFRASTRUCTURE AND OTHER INFORMATION SERVICE ACTIVITIES”, where actual SECTION “K” will be “SECTION L – FINANCIAL AND INSURANCE ACTIVITIES”.

Due to the fact that we can’t find in Reporting framework 4.0 this change, and that actual Annex V, Part II, paragraph 92 prescribed: Reporting of NACE codes shall be done with the first level of disaggregation (by ‘section’). Institutions shall report loans and advances to non-financial corporations which engage in financial or insurance activities in ‘K – Financial and insurance activities’, we strongly believe that all reporting institutes will have significant issue in FINREP 1Q2025 reporting.

Could you please give us your opinion on how to prepare Template F 06.01, if there will not be changes of actual to Annex III, Annex V and Validation rules?

Answer · verbatim

With regard to template F 06.01 'Breakdown of loans and advances other than held for trading, trading or held for sale assets to non-financial corporations by NACE codes', Annex V, Part 2, paragraph 92 of Commission Implementing Regulation (EU) 2021/451 states that: '

Reporting of NACE codes shall be done with the first level of disaggregation (by ‘section’). Institutions shall report loans and advances to non-financial corporations which engage in financial or insurance activities in ‘K – Financial and insurance activities

’.

The ‘NACE codes’ reported in template F 06.01 are the codes included in Regulation (EC) No 1893/2006 of the European Parliament and of the Council (NACE rev. 2). The latter has been reviewed by the Commission Delegated Regulation (EU) 2023/137 of 10 October 2022 (NACE rev. 2.1) which shall apply to the data transmissions to the Commission (Eurostat) relating to each reference period from 1 January 2025.

Until the Commission Implementing Regulation (EU) 2021/451 is amended to include the new codes (NACE rev. 2.1) , institutions should keep reporting the outdated codes (NACE rev. 2) and consider the correspondence tables between NACE rev. 2 and NACE rev. 2.1 provided at the following link:

Transition - Eurostat

in order to reconcile the codes between the previous classification and the new one. The same approach should be applied to all reporting under the EBA reporting framework where NACE codes are used, until their underlying regulation is amended.

Source: EBA Single Rulebook Q&A 2024_7158 · text as published, not rephrased · collected on 2026-10-08