Circular on implementation of Regulation (EU) 2015/534 on reporting of supervisory financial information, as amended

NBB_2021_10 – 1 June 2021 Circular – Page 1/11 boulevard de Berlaimont 14 – BE-1000 Brussels Phone +32 2 221 54 65 Company number: 0203.201.340 RPM (Trade Register) Brussels www.bnb.be Circular Brussels, 1 June 2021 Reference: NBB_ 2021_10 Contact person:
Pieter-Jan Janssens / Michel Colinet
Phone +32 2 221 20 23 / 37 17 pieterjan.janssens@nbb.be / michel.colinet@nbb.be Circular on implementation of Regulation (EU) 2015/534 of the European Central Bank of 17 March 2015 on reporting of supervisory financial information, as amended Scope  Belgian credit institutions.  Branches established in Belgium of credit institutions established in non-participating Member States.  Subsidiaries, established in a non-participating Member State or a third country, of parent institutions in Belgium and of institutions controlled by a parent company, either a financial holding company or a mixed financial holding company, that is located in Belgium.  Belgian branches of credit institutions from a third country or another participating Member State are excluded from the scope of Regulation 2015/534 of the European Central Bank (ECB). Summary/Objectives This circular specifies certain rules for the implementation in Belgium of Regulation (EU) 2015/534 on reporting of supervisory financial information 1, as amended. With a view to the implementation of FINREP on an individual basis as required by this Regulation, a mapping has been established to make the link between Belgian banking accounting law applicable at individual level 2 (BGAAPs 3 ) and the European framework for reporting supervisory financial information (FINREP). This circular replaces former circular NBB_2020_16 for reporting with 30 June 2021 as first reference date. 1 Amended in 2017 by Regulation (EU) 2017/1538 of the ECB of 25 August 2017 (ECB/2017/25) as a result of the changes to the FINREP tables due to the introduction of the IFRS 9 standard, in 2020 by ECB Regulation ECB/2020/22, and in 2021 by ECB Regulation ECB/2021/24. 2 The individual (i.e. solo) level refers to the annual accounts established by each legal entity, as opposed to the consolidated level, which refers to the consolidated accounts of the group. 3 BGAAPs primarily include the provisions of the Royal Decree of 23 September 1992 on the annual accounts of credit institutions, investment firms and management companies of undertakings for collective investment. They also include, wherever relevant, Belgian accounting practices generally accepted in the banking sector and any accounting practices allowed on the basis of exemptions granted by the Bank (or the CBFA).