Supervisory Reporting: Commission Implementing Regulation (EU) 2015/79 on asset encumbrance, single data point model and validation rules
On 21 January 2015 the Official Journal of the European Union published the Commission Implementing Regulation (EU) 2015/79 of 18 December 2014 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 as regards asset encumbrance, single data point model and validation rules.
The main change results in the insertion of a new article (Chapter 7a – article 16a) dealing with the format and frequency of Reporting on asset encumbrance in accordance with Article 100 of Regulation (EU) No 575/2013 on an individual and a consolidated basis (see Annex XVI for the specified information and Annex XVII for the instructions).
In addition, Articles 17, 18 and 19 have been modified as follow:
- Article 17 has been simplified with the withdrawn of the second paragraph of the Regulation (EU) 680/2014 concerning additional information to be provided by financial insitutions. Minor changes have been operated in the terminology used, replacing “a data point model” by “ a signle data point model” and “validation formulae” by “validation rules”
- Article 18 has been amended to specify the first reporting reference date (31 December 2014) for the information to be reported pursuant to Article 16a,
- Article 19 has been amended to specify the date (1 December 2014) as from which the Article 16a shall apply.
This Regulation entered into force on 10 February 2015.