Commission Implementing Regulation (EU) 2021/763 on supervisory reporting and public disclosure of MREL

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Commission Implementing Regulation (EU) 2021/763 of 23 April 2021 laying down implementing technical standards for the application of Regulation (EU) No 575/2013 of the European Parliament and of the Council and Directive 2014/59/EU of the European Parliament and of the Council with regard to the supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities (Text with EEA relevance)

Consolidated text: Commission Implementing Regulation (EU) 2021/763 of 23 April 2021 laying down implementing technical standards for the application of Regulation (EU) No 575/2013 of the European Parliament and of the Council and Directive 2014/59/EU of the European Parliament and of the Council with regard to the supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities (Text with EEA relevance)

Access initial legal act (

In force )

27/12/2024

ELI: http://data.europa.eu/eli/reg_impl/2021/763/2024-12-27

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Language 2

Language 3

02021R0763 — EN — 27.12.2024 — 001.001

This text is meant purely as a documentation tool and has no legal effect. The Union's institutions do not assume any liability for its contents. The authentic versions of the relevant acts, including their preambles, are those published in the Official Journal of the European Union and available in EUR-Lex. Those official texts are directly accessible through the links embedded in this document

COMMISSION IMPLEMENTING REGULATION (EU) 2021/763

of 23 April 2021

laying down implementing technical standards for the application of Regulation (EU) No 575/2013 of the European Parliament and of the Council and Directive 2014/59/EU of the European Parliament and of the Council with regard to the supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities

(Text with EEA relevance)

(OJ L 168 12.5.2021, p. 1)

Amended by:

Official Journal

page

date

COMMISSION IMPLEMENTING REGULATION (EU) 2024/1618 of 6 June 2024

L 1618

7.6.2024

Corrected by:

Corrigendum, OJ L 90490, 8.8.2024, p. 1 ((EU) 2024/16182024/1618)

▼B

COMMISSION IMPLEMENTING REGULATION (EU) 2021/763

of 23 April 2021

(Text with EEA relevance)

TITLE I

SUPERVISORY REPORTING

Article 1

Reporting reference dates

Entities subject to reporting requirements for the total loss-absorbing capacity (TLAC) and the minimum requirement for own funds and eligible liabilities (MREL) on an individual or consolidated basis (reporting entities) shall submit information to competent authorities and to resolution authorities as it stands on the following reporting reference dates:

(a)

for quarterly reporting: 31 March, 30 June, 30 September and 31 December;

(b)

for semi-annual reporting: 30 June and 31 December;

(c)

for annual reporting: 31 December.

Article 2

Remittance dates

Reporting entities shall submit information to competent authorities and to resolution authorities by close of business of the following remittance dates:

(a)

for quarterly reporting: 19 May, 18 August, 18 November and 18 February, with the exception of data relating to the reference date 30 June 2021, for which the remittance date shall be 30 September 2021 at the latest;

(b)

for semi-annual reporting: 18 August and 18 February;

(c)

for annual reporting: 18 February.

Where the remittance day is a public holiday in the Member State of the competent authority or of the resolution authority to which the information referred to in paragraph 1 is to be submitted, or a Saturday or a Sunday, that information shall be submitted by close of business of the following working day.

Reporting entities may submit figures that have not received an external auditor’s opinion (unaudited figures). Where figures audited by an external auditor expressing an audit opinion (audited figures) deviate from submitted unaudited figures, reporting entities shall submit the revised, audited figures without undue delay.

Reporting entities shall submit any other corrections to competent authorities and to resolution authorities without undue delay.

Article 3

Format and frequency of reporting by resolution entities on an individual basis

Resolution entities without subsidiaries subject to the requirements set out in Article 45 of Directive 2014/59/EU in accordance with Article 45e of that Directive shall submit to competent authorities and to resolution authorities information on an individual basis as follows:

(a)

information on key metrics as specified in column 0010 of template 1 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 1 of Part II of Annex II to this Regulation;

(b)

information on the composition of the own funds and eligible liabilities as specified in column 0010 of template 2 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 2.1 of Part II of Annex II to this Regulation;

(c)

information on the funding structure of eligible liabilities as specified in template 4 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 2.3 of Part II of Annex II to this Regulation;

(d)

information on instruments governed by third-country law, as specified in template 7 of Annex I to this Regulation, shall be reported with a quarterly frequency in accordance with the instructions in point 4 of Part II of Annex II to this Regulation.

Resolution entities shall submit to competent authorities and to resolution authorities information on the breakdown of the own funds and liabilities by insolvency rank as specified in template 6 of Annex I on an individual basis with a quarterly frequency in accordance with the instructions in point 3.2 of Part II of Annex II.

In addition to the information referred to in paragraphs 1 and 2, resolution entities subject to the requirement set out in Article 92a of Regulation (EU) No 575/2013 on an individual basis in accordance with Article 6(1a) of that Regulation shall submit to resolution authorities and to competent authorities information on an individual basis as follows:

(a)

information on key metrics as specified in column 0020 of template 1 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 1 of Part II of Annex II to this Regulation;

(b)

information on the composition of the own funds and eligible liabilities as specified in columns 0020 and 0030 of template 2 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 2.1 of Part II of Annex II to this Regulation.

Article 4

Format and frequency of reporting by resolution entities on a consolidated basis

Resolution entities subject to the requirements set out in Article 45 of Directive 2014/59/EU on a consolidated basis in accordance with Article 45e of that Directive shall submit to competent authorities and to resolution authorities information on a consolidated basis as follows:

(a)

(b)

(c)

(d)

information on instruments governed by third-country law as specified in template 7 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 4 of Part II of Annex II to this Regulation.

In addition to the information referred to in paragraph 1, resolution entities subject to the requirement set out in Article 92a of Regulation (EU) No 575/2013 on a consolidated basis in accordance with Article 11(3a) of that Regulation shall submit to competent authorities and to resolution authorities information on a consolidated basis as follows:

(a)

(b)

Article 5

Format and frequency of reporting on an individual basis by entities that are not themselves resolution entities and by material subsidiaries of non-EU global systemically important institutions

Entities that are not themselves resolution entities and are subject to the requirements set out in Article 45 of Directive 2014/59/EU on an individual basis in accordance with Article 45f of that Directive shall submit to competent authorities and to resolution authorities information on an individual basis as follows:

(a)

information on the amount and composition of the own funds and eligible liabilities as specified in column 0010 of template 3 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 2.2 of Part II of Annex II to this Regulation;

(b)

(c)

information on instruments governed by third-country law, as specified in template 7 of Annex I to this Regulation shall be reported with a quarterly frequency in accordance with the instructions in point 4 of Part II of Annex II to this Regulation.

Entities that are not themselves resolution entities shall submit to competent authorities and to resolution authorities information on the breakdown of the own funds and liabilities by insolvency rank as specified in template 5 of Annex I on an individual basis with a quarterly frequency in accordance with the instructions in point 3.1 of Part II of Annex II.

In addition to the information referred to in paragraphs 1 and 2, entities that are material subsidiaries of non-EU global systemically important institutions (G-SIIs) and are subject to the requirement set out in Article 92b of Regulation (EU) No 575/2013 on an individual basis in accordance with Article 6(1a) of that Regulation shall submit to competent authorities and to resolution authorities information on the amount and composition of the own funds and eligible liabilities as specified in column 0020 of template 3 of Annex I to this Regulation on an individual basis with a quarterly frequency in accordance with the instructions in point 2.2 of Part II of Annex II to this Regulation.

Article 6

Format and frequency of reporting on a consolidated basis by entities that are not themselves resolution entities and by material subsidiaries of non-EU global systemically important institutions

Entities that are not themselves resolution entities and that are subject to the requirements set out in Article 45 of Directive 2014/59/EU on a consolidated basis in accordance with Article 45f of that Directive shall submit to competent authorities and to resolution authorities information on a consolidated basis as follows:

(a)

information on the amount and composition of own funds and eligible liabilities as specified in column 0010 of template 3 of Annex I to this Regulation shall be reported in accordance with the instructions in point 2.2 of Part II of Annex II to this Regulation with a quarterly frequency;

(b)

(c)

In addition to the information referred to in paragraph 1, entities that are material subsidiaries of non-EU G-SIIs and are subject to the requirement set out in Article 92b of Regulation (EU) No 575/2013 on a consolidated basis in accordance with Article 11(3a) of that Regulation shall submit to competent authorities and to resolution authorities information on the amount and composition of own funds and eligible liabilities as specified in column 0020 of template 3 of Annex I to this Regulation on a consolidated basis with a quarterly frequency in accordance with the instructions in point 2.2 of Part II of Annex II to this Regulation.

Article 7

Data exchange formats and information associated with submissions

Reporting entities shall submit information in accordance with this Regulation in the data exchange formats and representations specified by their competent authorities or resolution authorities, and in accordance with the data point definitions included in the data point model and the validation rules laid down in Annex III to this Regulation.

When submitting information in accordance with this Regulation, reporting entities shall observe the following:

(a)

information that is not required or not applicable shall not be included in a data submission;

(b)

numerical values shall be submitted as follows:

(i)

data points of the data type ‘Monetary’ shall be reported using a minimum precision equivalent to thousands of units;

(ii)

data points of the data type ‘Percentage’ shall be expressed as per unit with a minimum precision equivalent to four decimals;

(iii)

data points of the data type ‘Integer’ shall be reported using no decimals and a precision equivalent to units;

(c)

institutions shall be identified solely by their Legal Entity Identifier (LEI). Legal entities and counterparties other than institutions shall be identified by their LEI, where available.

Information submitted by reporting entities in accordance with this Regulation shall be accompanied by the following information:

(a)

reporting reference date and reference period;

(b)

reporting currency;

(c)

accounting standard;

(d)

LEI of the reporting institution;

(e)

scope of consolidation.

Article 8

Standardised presentation of insolvency rankings

Resolution authorities shall compile information on the ranking of items in their national insolvency proceedings in the standardised format specified in Annex IV. They shall update that information when changes occur without undue delay.

Resolution authorities shall publish the information referred to in paragraph 1 in order to make it available to institutions subject to their supervision.

TITLE II

PUBLIC DISCLOSURE BY INSTITUTIONS

Article 9

Frequency of disclosure and disclosure dates

Disclosures referred to in Article 10(1) shall be made on a quarterly basis. Disclosures referred to in Article 10(2) shall be made on a semi-annual basis.

Disclosures referred to in Articles 11(1) and 14(1) shall be made on a semi-annual basis. Disclosures referred to in Articles 11(2) and 14(2) shall be made annually.

Disclosures referred to in Article 12(1) shall be made on a quarterly basis. Disclosures referred to Article 12(2) shall be made on a semi-annual basis.

Disclosures referred to in Article 13(1) shall be made on a semi-annual basis. Disclosures referred to in Article 13(2) shall be made annually.

Disclosures referred to in Article 15 shall be made as follows:

(a)

on a semi-annual basis where the disclosing entity is a large institution;

(b)

on an annual basis where the disclosing entity is neither a large institution nor a small and non-complex institution.

For the purposes of public disclosure, disclosing entities shall observe the following:

(a)

annual disclosures shall be published on the same date as the date on which institutions publish their financial statements or as soon as possible thereafter;

(b)

semi-annual and quarterly disclosures shall be published on the same date as the date on which institutions publish their financial reports for the corresponding period, where applicable, or as soon as possible thereafter;

(c)

any delay between the date of publication of the disclosures required under this Title and the relevant financial statements shall be reasonable and, in any event, shall not exceed any timeframe set by the competent authorities pursuant to Article 106 of Directive 2013/36/EU of the European Parliament and of the Council (

Article 10

Disclosure of key metrics on own funds and eligible liabilities and the requirements for own funds and eligible liabilities by resolution entities

Entities identified as resolution entities that are a G-SII or part of a G-SII shall make the disclosures required in point (h) of Article 447 of Regulation (EU) No 575/2013 and in points (a) and (c) of Article 45i(3) of Directive 2014/59/EU in accordance with the template EU KM2 of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation.

Entities identified as resolution entities that are neither G-SIIs nor part of a G-SII shall make the disclosures required in points (a) and (c) of Article 45i(3) of Directive 2014/59/EU in accordance with the template EU KM2 of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation.

Article 11

Disclosure of composition of own funds and eligible liabilities by resolution entities

Entities identified as resolution entities that are a G-SII or part of a G-SII shall make the disclosures required in accordance with points (a), (c) and (d) of Article 437a of Regulation (EU) No 575/2013 and the disclosure on the composition of own funds and eligible liabilities required in point (b) of Article 45i(3) of Directive 2014/59/EU in accordance with the template EU TLAC1 of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation.

Entities identified as resolution entities that are neither G-SIIs nor part of a G-SII shall make the disclosure on the composition of own funds and eligible liabilities required in accordance with (b) of Article 45i(3) of Directive 2014/59/EU in accordance with the template EU TLAC1 of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation.

Article 12

Disclosure of key metrics and internal loss-absorbing capacity by entities that are not themselves resolution entities

Entities that are material subsidiaries of non-EU G-SIIs and that are not themselves resolution entities shall make the following disclosures in accordance with the template EU ILAC of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation:

(a)

disclosures required in accordance with points (a), (c) and (d) of Article 437a of Regulation (EU) No 575/2013;

(b)

disclosures required in accordance with point (h) of Article 447 of Regulation (EU) No 575/2013;

(c)

disclosures required in accordance with points (a) and (c) of Article 45i(3) of Directive 2014/59/EU;

(d)

disclosures regarding the composition of own funds and eligible liabilities required in accordance with point (b) of Article 45i(3) of Directive 2014/59/EU.

Entities other than material subsidiaries of non-EU G-SIIs that are not themselves resolution entities shall make the following disclosures in accordance with the template EU ILAC of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation:

(a)

disclosures required in accordance with points (a) and (c) of Article 45i(3) of Directive 2014/59/EU;

(b)

disclosures regarding the composition of own funds and eligible liabilities required in accordance with point (b) of Article 45i(3) of Directive 2014/59/EU.

Article 13

Disclosure of creditor ranking by non-resolution entities

Entities that are material subsidiaries of non-EU G-SIIs and that are not themselves resolution entities shall make the disclosures on maturity profile and ranking in normal insolvency proceedings set out in points (a) and (b) of Article 437a of Regulation (EU) No 575/2013 and point (b) of Article 45i(3) of Directive 2014/59/EU, in accordance with the template EU TLAC2a of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation.

Entities other than material subsidiaries of non-EU G-SIIs that are not themselves resolution entities shall make the disclosures on the maturity profile and ranking in normal insolvency proceedings set out in point (b) of Article 45i(3) of Directive 2014/59/EU in accordance with the template EU TLAC2b of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation.

Entities referred to in the first subparagraph of this paragraph may choose to use template EU TLAC2a instead of EU TLAC2b to disclose information on the maturity profile and ranking in normal insolvency proceedings required in accordance with point (b) of Article 45i(3) of Directive 2014/59/EU.

Article 14

Disclosure of creditor ranking by resolution entities

Entities identified as resolution entities that are G-SIIs or part of a G-SII shall make the disclosures on maturity profile and ranking in normal insolvency proceedings set out in points (a) and (b) of Article 437a of Regulation (EU) No 575/2013 and point (b) of Article 45i(3) of Directive 2014/59/EU, in accordance with the template EU TLAC3a of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation.

Entities identified as resolution entities that are neither G-SIIs nor part of a G-SII shall make the disclosures on the maturity profile and ranking in normal insolvency proceedings set out in point (b) of Article 45i(3) of Directive 2014/59/EU, in accordance with the template EU TLAC3b of Annex V to this Regulation and the relevant instructions set out in Annex VI to this Regulation.

Entities referred to in the first subparagraph of this paragraph may choose to use template EU TLAC3a instead of EU TLAC3b to disclose information on the maturity profile and ranking in normal insolvency proceedings required in accordance with point (b) of Article 45i(3) of Directive2014/59/EU.

Article 15

Disclosure of main features of own funds and eligible liabilities

Entities identified as resolution entities that are G-SIIs or part of a G-SII and entities that are material subsidiaries of non-EU G-SIIs and that are not themselves resolution entities shall make the disclosures set out in point (a) of Article 437a of Regulation (EU) No 575/2013, in accordance with the implementing act referred to in Article 434a of that Regulation.

Article 16

General rules on disclosure

Where disclosing entities may omit one or more of the disclosures in accordance with Article 432 of Regulation (EU) No 575/2013, the relevant rows or columns of the templates or tables laid down in this Regulation may be left empty and the numbering of subsequent rows or columns shall not be altered.

Disclosing entities shall clearly note in the relevant template or table the empty rows or columns and the reason of the omission of the relevant disclosure.

The qualitative narrative and any other necessary supplementary information accompanying quantitative disclosures in accordance with Article 431 of Regulation (EU) No 575/2013 shall be adequately clear and comprehensive, enabling users of information to understand the quantitative disclosures and shall be placed next to the templates, which they describe.

Disclosing entities shall observe the following regarding the disclosure of numerical values:

(a)

quantitative monetary data shall be disclosed using a minimum precision equivalent to millions of units;

(b)

quantitative data disclosed as ‘Percentage’ shall be expressed as per unit with a minimum precision equivalent to four decimals.

Disclosing entities shall accompany the information disclosed by the following:

(a)

disclosure reference date and reference period;

(b)

disclosure currency;

(c)

name and, where relevant, Legal Entity Identifier (LEI) of the disclosing entity;

(d)

where relevant, accounting standard; and

(e)

where relevant, scope of consolidation.

TITLE III

FINAL PROVISIONS

Article 17

Entry into force and application

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union .

Title I shall apply from 28 June 2021.

Title II shall apply as of 1 June 2021 as regards the disclosures in accordance with Article 437a and point (h) of Article 447 of Regulation (EU) No 575/2013, and as of the date of application of the disclosure requirements in accordance with the third subparagraph of Article 3(1) of Directive (EU) 2019/879, as regards the disclosures in accordance with Article 45i(3) of Directive 2014/59/EU.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

ANNEX I

REPORTING ON THE MINIMUM REQUIREMENT FOR OWN FUNDS AND ELIGIBLE LIABILITIES

MREL AND TLAC TEMPLATES

Template number

Template code

Name of the template /group of templates

Short name

AMOUNTS: KEY METRICS OF MREL AND TLAC

M 01.00

Key metrics for MREL and TLAC (resolution groups / entities)

KM2

COMPOSITION AND MATURITY

M 02.00

MREL and TLAC capacity and composition (resolution groups / entities)

TLAC1

M 03.00

Internal MREL and internal TLAC

ILAC

M 04.00

Funding structure of eligible liabilities

LIAB-MREL

CREDITOR RANKING

M 05.00

Creditor ranking (entity that is not a resolution entity)

TLAC2

M 06.00

Creditor ranking (resolution entities)

TLAC3

CONTRACT SPECIFIC INFORMATION

M 07.00

Instruments governed by third-country law

MTCI

M 01.00 - Key metrics for MREL and TLAC (resolution groups / entities) (KM2)

Minimum requirement for own funds and eligible liabilities (MREL)

Requirement for own funds and eligible liabilities for G-SIIs (TLAC)

0010

0020

Total risk exposure amount and total exposure measure

0100

TOTAL RISK EXPOSURE AMOUNT (TREA)

0110

TOTAL EXPOSURE MEASURE (TEM)

Own funds and eligibile liabilities

0200

OWN FUNDS AND ELIGIBLE LIABILITIES

0210

Of which: own funds and subordinated liabilities

0220

Of which governed by third country law

0230

Of which containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU

Other bailinable liabilities

0250

OTHER BAILINABLE LIABILITIES

0260

Of which governed by third country law

0270

Of which containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU

0280

Residual maturity of < 1 year

0285

Residual maturity of >= 1 year and < 2 years

0290

Residual maturity of >= 2 years

Ratios and subordination exemptions

0300

OWN FUNDS AND ELIGIBLE LIABILITIES AS A PERCENTAGE OF THE TREA

0310

Of which: own funds and subordinated liabilities

0320

OWN FUNDS AND ELIGIBLE LIABILITIES AS A PERCENTAGE OF THE TEM

0330

Of which own funds and subordinated liabilities

0340

Does the subordination exemption laid down in Article 72b(4) of Regulation (EU) No 575/2013 apply? (5 % exemption)

0350

Aggregate amount of permitted non-subordinated eligible liabilities instruments if the subordination discretion laid down in Article 72b(3) of Regulation (EU) No 575/2013 is applied (max 3.5 % exemption)

0360

Share of the total non-subordinated liabilities that is included in own funds and eligible liabilities

▼M1

M 02.00 - MREL and TLAC capacity and composition (resolution groups / entities) (TLAC1)

Minimum requirement for own funds and eligible liabilities (MREL)

G-SII Requirement for own funds and eligible liabilities (TLAC)

Memo item: Amounts eligible for the purposes of MREL, but not of TLAC

0010

0020

0030

0010

OWN FUNDS AND ELIGIBLE LIABILITIES

0020

(Eligible) Own funds

0030

Common Equity Tier 1 capital

0040

(Eligible) Additional Tier 1 capital

0050

(Eligible) Tier 2 capital

0060

Eligible liabilities

0070

Eligible liabilities items before adjustments

0080

of which: eligible liabilities considered as structurally subordinated

0090

Eligible liabilities subordinated to excluded liabilities

0100

Eligible liabilities instruments issued directly by the resolution entity (not grandfathered)

0110

Eligible liabilities instruments issued by other entities within the resolution group (not grandfathered)

0120

Eligible liabilities instruments issued prior to 27 June 2019

0130

Tier 2 instruments with a residual maturity of at least one year to the extent they do not qualify as Tier 2 items

0132

(-) Own eligible liabilities instruments subordinated to excluded liabilities

0135

(-) of which: unused prior permission amounts

0140

Eligible liabilities not subordinated to excluded liabilities

0150

Eligible liabilities that are not subordinated to excluded liabilities (not grandfathered, pre-cap)

0160

Eligible liabilities that are not subordinated to excluded liabilities issued prior to 27 June 2019 (pre-cap)

0162

(-) Own eligible liabilities instruments not subordinated to excluded liabilities

0165

(-) of which: unused prior permission amounts

0170

Amounts eligible after application of the cap of Article 72b(3) of Regulation (EU) No 575/2013 (not grandfathered)

0180

Amounts eligible after application of the cap of Article 72b (3) of Regulation (EU) No 575/2013, consisting of items issued prior to 27 June 2019

0190

(-) Deductions

0200

(-) Exposures between multiple point of entry (MPE) resolution groups

0211

(-) Investments in other eligible liabilities instruments

0220

Excess of deductions from eligible liabilities over eligible liabilities (deducted from Tier 2)

MEMORANDUM ITEMS

0400

CET1 (%) available after meeting the entity’s requirements

0410

Combined buffer requirement (%)

0420

of which: capital conservation buffer requirement

0430

of which: countercyclical buffer requirement

0440

of which: systemic risk buffer requirement

0450

of which: Global Systemically Important Institution (G-SII) or Other Systemically Important Institution (O-SII) buffer

0460

Investments in subordinated eligible liabilities of other institutions

0470

Investments in subordinated eligible liabilities of G-SIIs

0480

Investments in subordinated eligible liabilities of O-SIIs

0490

Investments in subordinated eligible liabilities of other institutions

0500

Excluded liabilities

0600

Ad hoc permissions for eligible liabilities items: Predetermined amount

0610

General prior permissions for eligible liabilities items: Predetermined amount

M 03.00 - Internal MREL and internal TLAC (ILAC)

Internal MREL

Internal TLAC

0010

0020

0010

Level of application

Total risk exposure amount and total exposure measure

0100

Total risk exposure amount (TREA)

0110

Total exposure measure (TEM)

Eligible own funds and eligible liabilities

0200

Eligible own funds and eligible liabilties

0210

Eligible Own funds

0220

Common Equity Tier 1 capital (CET1)

0230

Eligible Additional Tier 1 capital

0240

Eligible Tier 2 capital

0250

Eligible liabilities and guarantees

0260

Eligible liabilities (excluding guarantees)

0265

(-) Own eligible liabilities instruments: Unused prior permission amounts

0270

Guarantees provided by the resolution entity and permitted by the resolution authority

0280

Memorandum item: Collateralised part of the guarantee

0290

(-) Own funds instruments and eligible liabilities instruments issued by non-resolution entities of the same resolution group

0293

(-) of which: Own funds instruments issued by liquidation entities

0295

Excess of deductions from eligible liabilities over eligible liabilities

Ratios of eligible own funds and eligible liabilities

0400

Own funds and eligible liabilities as a percentage of the TREA

0410

of which: permitted guarantees

0420

Own funds and eligible liabilities as a percentage of the TEM

0430

of which: permitted guarantees

0440

CET1 (%) available after meeting the entity’s requirements

Memorandum items

0500

Combined buffer requirement (%)

0510

of which: capital conservation buffer requirement

0520

of which: countercyclical buffer requirement

0530

of which: systemic risk buffer requirement

0540

of which: Global Systemically Important Institution (G-SII) or Other Systemically Important Institution (O-SII) buffer

0550

Other bail-inable liabilities

0560

of which: governed by third country law

0570

of which: containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU

0580

Residual maturity of < 1 year

0590

Residual maturity of >= 1 year and < 2 years

0600

Residual maturity of >= 2 years

0610

Excluded liabilities

0620

Own funds instruments issued by liquidation entities of the same resolution group

0630

Ratio of holdings of own funds instruments issued by liquidation entities over eligible own funds and eligible liabilities

▼B

M 04.00 - Funding structure of eligible liabilities (LIAB MREL)

Amount eligible for MREL / internal MREL

0010

0100

ELIGIBLE LIABILITIES

0200

Deposits, not covered and not preferential >= 1 year

0210

of which: residual maturity >= 1 year and < 2 years

0220

of which: residual maturity >= 2 years

0230

of which: issued by subsidiaries

0300

Uncollateralized secured liabilities >= 1 year

0310

of which: residual maturity >= 1 year and < 2 years

0320

of which: residual maturity >= 2 years

0330

of which: issued by subsidiaries

0400

Structured notes >= 1 year

0410

of which: residual maturity >= 1 year and < 2 years

0420

of which: residual maturity >= 2 years

0430

of which: issued by subsidiaries

0500

Senior unsecured liabilities >= 1 year

0510

of which: residual maturity >= 1 year and < 2 years

0520

of which: residual maturity >= 2 years

0530

of which: issued by subsidiaries

0600

Senior non-preferred liabilities >= 1 year

0610

of which: residual maturity >= 1 year and < 2 years

0620

of which: residual maturity >= 2 years

0630

of which: issued by subsidiaries

0700

Subordinated liabilities (not recognised as own funds) >= 1 year

0710

of which: residual maturity >= 1 year and < 2 years

0720

of which: residual maturity >= 2 years

0730

of which: issued by subsidiaries

0800

Other MREL eligible liabilities >= 1 year

0810

of which: residual maturity >= 1 year and < 2 years

0820

of which: residual maturity >= 2 years

0830

of which: issued by subsidiaries

M 05.00 - Creditor ranking (entity that is not a resolution entity) (TLAC2)

Insolvency rank

Type of creditor

Description of insolvency rank

Liabilities and own funds

Liabilities and own funds less excluded liabilities

of which: excluded liabilities

of which: own funds and eligible liabilities for the purpose of internal MREL

of which: with a residual maturity of

of which: perpetual securities

≥ 1 year

< 2 years

≥ 2 year

< 5 years

≥ 5 years

< 10 years

≥ 10 years

0010

0020

0030

0040

0050

0060

0070

0080

0090

0100

0110

0120

M 06.00 - Creditor ranking (resolution entities) (TLAC3)

Insolvency rank

Description of insolvency rank

Liabilities and own funds

Liabilities and own funds less excluded liabilities

of which: excluded liabilities

of which: own funds and eligible liabilities potentially eligible for meeting MREL

of which: with a residual maturity of

of which: perpetual securities

≥ 1 year

< 2 years

≥ 2 year

< 5 years

≥ 5 years

< 10 years

≥ 10 years

0010

0020

0030

0040

0050

0060

0070

0080

0090

0100

0110

M 07.00 Instruments governed by third-country law (MTCI) M 07.00 (MTCI)

Issuing entity

Contract identifier

Governing law (third country)

Contractual recognition of write down and conversion powers

Regulatory treatment

Amount

Rank in normal insolvency proceedings

Maturity

(First) Call date

Regu-latory call (Y/N)

Name

Code

Type of code

Type of own funds or eligible liabilities

Instrument type

Governing law

Insolvency rank

0010

0020

0030

0040

0050

0060

0070

0080

0090

0100

0110

0120

0130

0140

▼M1

ANNEX II

REPORTING ON THE MINIMUM REQUIREMENT FOR OWN FUNDS AND ELIGIBLE LIABILITIES – INSTRUCTIONS

PART I

GENERAL INSTRUCTIONS

Structure and conventions

1.1. Structure

This framework for reporting on MREL and TLAC consists of four groups of templates:

(a)

amounts: key metrics of MREL and TLAC;

(b)

composition and maturity;

(c)

creditor ranking;

(d)

contract-specific information.

For each template legal references are provided. Further detailed information regarding more general aspects of the reporting of each set of templates and instructions concerning specific positions are included in this Part.

1.2. Numbering convention

The document follows the labelling convention set out in points (a) to (d), when referring to the columns, rows and cells of the templates. Those numerical codes are extensively used in the validation rules defined in accordance with Annex III.

(a)

the following general notation is followed: {Template;Row;Column};

(b)

references inside a template do not include an indication of the template: {Row;Column};

(c)

in case of templates with only one column, only rows are referred to: {Template;Row};

(d)

an asterisk sign is used to express that the reference covers the rows or columns specified before.

1.3. Sign convention

Any amount that increases the own funds and eligible liabilities, the risk weighted exposure amounts, the leverage ratio exposure measure or the requirements shall be reported as a positive figure. On the contrary, any amount that reduces the own funds and eligible liabilities, the risk weighted exposure amounts, the leverage ratio exposure measure or the requirements shall be reported as a negative figure. Where there is a negative sign (-) preceding the label of an item no positive figure is expected to be reported for that item.

1.4. Abbreviations and definitions

The following abbreviations and definitions apply for the purposes of the Annexes to this Regulation:

(a)

‘MREL’ refers to the minimum requirement for own funds and eligible liabilities pursuant to Article 45 of Directive 2014/59/EU;

(b)

‘TLAC’ refers to the requirements for own funds and eligible liabilities for global systemically important institutions (G-SIIs) pursuant to Article 92a of Regulation (EU) No 575/2013;

(c)

‘Internal TLAC’ refers to the requirement for own funds and eligible liabilities for non-EU G-SIIs pursuant to Article 92b of Regulation (EU) No 575/2013;

(d)

‘Internal MREL’ refers to the MREL applied to entities that are not themselves resolution entities pursuant to Article 45f of Directive 2014/59/EU;

(e)

‘unused prior permission amount’ means the amount covered by a prior permission to call, redeem, repay or repurchase own funds instruments in accordance with Article 78 of Regulation (EU) No 575/2013, or eligible liabilities instruments in accordance with Article 78a of that Regulation, as applicable, to the extent that the reporting entity has not yet used up that amount to call, redeem, repay or repurchase instruments. Where the permission is an ad hoc permission and refers to callable instruments where no sufficient certainty is given that the call option will be executed, the unused prior permission amount shall exclude any such instruments;

(f)

‘unused ad hoc permission amount’ means the amount covered by an ad hoc prior permission to call, redeem, repay or repurchase specific own funds instruments in accordance with Article 78(1), first subparagraph, of Regulation (EU) No 575/2013 in conjunction with Article 28(5) of Commission Delegated Regulation (EU) No 241/2014 (

) or specific eligible liabilities instruments in accordance with Articles 78a of Regulation (EU) No 575/2013 in conjunction with Article 32b(2) of Delegated Regulation (EU) No 241/2014, as applicable, to the extent that the reporting entity has not yet used up that amount to call, redeem, repay or repurchase those instruments. Where the permission refers to callable instruments where no sufficient certainty is given that the call option will be executed, the unused prior permission amount shall exclude any such instruments;

(g)

‘unused general permission amount’ or ‘unused GPP amount’ means the amount covered by a prior permission to call, redeem, repay or repurchase own funds instruments in accordance with Article 78(1), second subparagraph, of Regulation (EU) No 575/2013 in conjunction with Article 28(3) of Delegated Regulation (EU) No 241/2014, or eligible liabilities instruments in accordance with Articles 78a of Regulation (EU) No 575/2013 in conjunction with Article 32b(3) and (5) of Delegated Regulation (EU) No 241/2014, as applicable, to the extent that the reporting entity has not yet used up that amount to call, redeem, repay or repurchase those instruments.

PART II

TEMPLATE-RELATED INSTRUCTIONS

Amounts: M 01.00 – Key metrics for MREL and TLAC (KM2)

1.1. General remarks

The column referring to the minimum requirement for own funds and eligible liabilities (MREL) shall be filled in by entities that are subject to the minimum requirement for own funds and eligible liabilities in accordance with Article 45e of Directive 2014/59/EU. Only those entities obliged to comply with the requirement set out in Articles 92a of Regulation (EU) No 575/2013 shall report items referring to the G-SII requirement for own funds and eligible liabilities (TLAC).

1.2. Instructions concerning specific positions

Columns

Legal references and instructions

0010

Minimum requirement for own funds and eligible liabilities (MREL)

Articles 45 and 45e of Directive 2014/59/EU

0020

Requirement for own funds and eligible liabilities for G-SIIs (TLAC)

Article 92a of Regulation (EU) No 575/2013

Row

Legal references and instructions

0100 – 0120

Total risk exposure amount and total exposure measure

0100

Total risk exposure amount (TREA)

Article 45(2), point (a), of Directive 2014/59/EU, Article 92(3) of Regulation (EU) No 575/2013.

The total risk exposure amount reported in this row shall be the total risk exposure amount which is the basis for compliance with the requirements set out in Article 45 of Directive 2014/59/EU or Article 92a of Regulation (EU) No 575/2013, as applicable.

0110

Total exposure measure (TEM)

Article 45(2), point (b), of Directive 2014/59/EU, Article 429(4) and Article 429a of Regulation (EU) No 575/2013.

The total exposure measure reported in this row shall be the total exposure measure which is the basis for compliance with the requirements set out in Article 45 of Directive 2014/59/EU or Article 92a of Regulation (EU) No 575/2013, as applicable.

0200 – 0230

Own funds and eligible liabilities

0200

Own funds and eligible liabilities

MREL

The amount of own funds and eligible liabilities counting towards MREL shall be reported as the sum of:

(i) own funds as defined in Article 4(1), point (118), and Article 72 of Regulation (EU) No 575/2013;

(ii) eligible liabilities as defined in Article 2(1), point (71a), of Directive 2014/59/EU.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU.

TLAC

The amount of own funds and eligible liabilities counting towards the G-SII requirement for own funds and eligible liabilities (TLAC) shall be the amount referred to in Article 72l of Regulation (EU) No 575/2013, consisting of:

(i) own funds as defined in Article 4(1), point (118), and Article 72 of Regulation (EU) No 575/2013;

(ii) eligible liabilities in accordance with Article 72k of Regulation (EU) No 575/2013.

0210

Of which: own funds and subordinated liabilities

The amount of own funds and subordinated eligible liabilities counting towards MREL shall be reported as the sum of:

(i) own funds as defined in Article 4(1), point (118), and Article72 of Regulation (EU) No 575/2013;

(ii) eligible liabilities included in the amount of own funds and eligible liabilities in accordance with Article 45b of Directive 2014/59/EU which are subordinated eligible instruments as defined in Article 2(1), point (71b), of that Directive;

(iii) liabilities included in the amount of own funds and eligible liabilities in accordance with Article 45b(3) of Directive 2014/59/EU.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements of Article 55 set out in Directive 2014/59/EU.

With regard to subordinated eligible liabilities, the amounts reported shall be the amounts net of

(i) where applicable, holdings of own subordinated eligible liabilities instruments, as referred to in Article 72e(1), point (a) of Regulation (EU) No 575/2013; and

(ii) unused prior permission amounts, to the extent that the prior permission covers subordinated liabilities instruments in general or a specific subordinated liabilities instrument.

0220

Of which: governed by third-country law

The amount of own funds and eligible liabilities that are governed by the law of a third country as referred to in Article 55 of Directive 2014/59/EU.

The amounts reported shall be the amounts net of:

(i) holdings of own eligible liabilities instruments, as referred to in Article 72e(1), point (a), of Regulation (EU) No 575/2013, where applicable, and holdings of own funds instruments, as referred to in Article 36(1), point (f), Article 56, point (a), and Article 66, point (a), of Regulation (EU) No 575/2013, governed by the law of a third country; and

(ii) unused ad hoc permission amounts, to the extent that the prior permission covers an own funds instrument or specific eligible liabilities instrument that is governed by the law of a third country.

0230

Of which: containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU

The amount of own funds and eligible liabilities that are governed by the law of a third country and that contain a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU.

The amounts reported shall be the amounts net of

(i) holdings of own eligible liabilities instruments, as referred to in Article 72e(1), point (a) of Regulation (EU) No 575/2013, where applicable, and holdings of own funds instruments, as referred to in Article 36(1), point (f), Article 56, point (a), and Article 66, point (a), of Regulation (EU) No 575/2013, governed by the law of a third country and containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU; and

(ii) unused ad hoc permission amounts, to the extent that the permission covers an own funds instrument or a specific eligible liabilities instrument that is governed by the law of a third country and contains a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU.

0250 – 0290

Other bail-inable liabilities

Entities that, at the date of the reporting of that information, hold amounts of own funds and eligible liabilities of at least 150 % of the requirement laid down in Article 45(1) of Directive 2014/59/EU shall be exempted from reporting the information in rows 0250 to 0290. Such entities may opt to report that information in this template on a voluntary basis.

Unused prior permission amounts, to the extent that the permission covers an eligible liabilities instrument, shall be considered other bail-inable liabilities for the purposes of these rows.

0250

Other bail-inable liabilities

The amount of bail-inable liabilities, as defined in Article 2(1), point (71), of Directive 2014/59/EU, that are not included in own funds and eligible liabilities in accordance with Article 45b of that Directive.

0260

Of which: governed by third-country law

The amount of other bail-inable liabilities that are governed by the law of a third country as referred to in Article 55 of Directive 2014/59/EU.

0270

Of which: containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU

The amount of other bail-inable liabilities that are governed by the law of a third country and that contain a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU.

0280 – 0290

Breakdown of other bail-inable liabilities by residual maturity

0280

Residual maturity of < 1 year

0285

Residual maturity of >= 1 year and < 2 years

0290

Residual maturity of >= 2 years

0300 – 0360

Ratios and subordination exemptions

0300

Own funds and eligible liabilities as a percentage of the TREA

For the purposes of this row, the amount of own funds and eligible liabilities that is reported in row 0200 shall be expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013.

0310

Of which: own funds and subordinated liabilities

For the purposes of this row, the amount of own funds and subordinated eligible liabilities that is reported in row 0210 shall be expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013.

0320

Own funds and eligible liabilities as a percentage of the TEM

For the purposes of this row, the amount of own funds and eligible liabilities that is reported in row 0200 shall be expressed as a percentage of the total exposure measure calculated in accordance with Article 429(4) and Article 429a of Regulation (EU) No 575/2013.

0330

Of which: own funds and subordinated liabilities

For the purposes of this row, the amount of own funds and subordinated eligible liabilities that is reported in row 0210 shall be expressed as a percentage of the total exposure measure calculated in accordance with Article 429(4) and Article 429a of Regulation (EU) No 575/2013.

0340

Does the subordination exemption laid down in Article 72b(4) of Regulation (EU) No 575/2013 apply? (5 % exemption)

This row shall only be reported by entities subject to the G-SII requirement for own funds and eligible liabilities (TLAC requirement).

Where the resolution authority permits liabilities to qualify as eligible liabilities instruments in accordance with Article 72b(4) of Regulation (EU) No 575/2013, the reporting entity shall indicate ‘yes’ in column 0020.

Where the resolution authority does not permit liabilities to qualify as eligible liabilities instruments in accordance with Article 72b(4) of Regulation (EU) No 575/2013, the reporting entity shall indicate ‘no’ in column 0020.

As exemptions laid down in Article 72b(3) and (4) of Regulation (EU) No 575/2013 are mutually exclusive, this row shall not be populated if the reporting entity has populated {r0350}.

0350

Aggregate amount of non-subordinated liabilities that the resolution authority has permitted to qualify as eligible liabilities instruments for the purpose of the G-SII requirement for own funds and eligible liabilities (TLAC) in accordance with Article 72b(3) of Regulation (EU) No 575/2013 or which qualify pursuant to Article 494(3) of that Regulation.

As the exemptions laid down in Article 72b(3) and (4) of Regulation (EU) No 575/2013 are mutually exclusive, this row shall not be populated if the reporting entity indicates ‘yes’ in {r0340,c0020}.

0360

Share of the total non-subordinated liabilities that is included in own funds and eligible liabilities

This row shall only be reported by entities subject to the G-SII requirement for own funds and eligible liabilities (TLAC requirement).

If a capped subordination exemption laid down in Article 72b(3) of Regulation (EU) No 575/2013 applies, entities shall report:

(i) the amount of liabilities issued that ranks pari passu with excluded liabilities as referred to in Article 72a(2) of Regulation (EU) No 575/2013 and is included in the amount reported in row 0200 (after application of the cap);

(ii) divided by the amount of liabilities issued that ranks pari passu with excluded liabilities as referred to Article 72a(2) of Regulation (EU) No 575/2013 and that would be recognised under row 0200 if no cap was applied.

Composition and maturity

2.1. M 02.00 – MREL and TLAC capacity and composition (resolution groups and entities) (TLAC1)

2.1.1. General remarks

Template M 02.00 – MREL and TLAC capacity and composition (resolution groups and entities) (TLAC1) provides further details on the composition of the own funds and eligible liabilities.

The column referring to the minimum requirement for own funds and eligible liabilities (MREL) shall be filled in by entities that are subject to the minimum requirement for own funds and eligible liabilities in accordance with Article 45e of Directive 2014/59/EU. Only those entities obliged to comply with the requirement laid down in Article 92a of Regulation (EU) No 575/2013 shall report items referring to the G-SII requirement for own funds and eligible liabilities (TLAC).

2.1.2. Instructions concerning specific positions

Column

Legal references and instructions

0010

Minimum requirement for own funds and eligible liabilities (MREL)

Articles 45 and 45e of Directive 2014/59/EU.

0020

Requirements for own funds and eligible liabilities for G-SIIs (TLAC)

Article 92a of Regulation (EU) No 575/2013.

0030

Memo item: Amounts eligible for the purposes of MREL, but not of TLAC

This column shall only be filled in by entities subject to the requirement for own funds and eligible liabilities for G-SIIs (TLAC).

This column shall reflect the difference between amounts of own funds and liabilities eligible to fulfil the requirement laid down in Article 45 of Directive 2014/59/EU in accordance with Article 45e of that Directive and the amount of own funds and liabilities eligible to fulfil the requirement laid down in Article 92a of Regulation (EU) No 575/2013.

Row

Legal references and instructions

0010

OWN FUNDS AND ELIGIBLE LIABILITIES

Own funds and eligible liabilities for the purposes of Article 45e of Directive 2014/59/EU and Article 92a of Regulation (EU) No 575/2013

MREL

The amount of own funds and eligible liabilities counting towards MREL shall be reported as the sum of:

(i) own funds as defined in Article 4(1), point (118), and Article 72 of Regulation (EU) No 575/2013;

(ii) eligible liabilities as defined in Article 2(1), point (71a), of Directive 2014/59/EU.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements laid down in Article 55 of Directive 2014/59/EU.

TLAC

The amount of own funds and eligible liabilities counting towards the requirement for own funds and eligible liabilities for G-SIIs (TLAC) shall be the amount referred to in Article 72l of Regulation (EU) No 575/2013, consisting of:

(i) own funds as defined in Article 4(1), point (118), and Article72 of Regulation (EU) No 575/2013;

(ii) eligible liabilities in accordance with Article 72k of Regulation (EU) No 575/2013.

0020

(Eligible) own funds

Article 4(1), point (118), and Article 72 of Regulation (EU) No 575/2013

In case of MREL, instruments governed by the law of a third country shall only be included in this row and in the rows 0040 and 0050 if they meet the requirements laid down in Article 55 of Directive 2014/59/EU.

0030

Common Equity Tier 1 capital

Article 50 of Regulation (EU) No 575/2013.

0040

(Eligible) Additional Tier 1 capital

Article 61 of Regulation (EU) No 575/2013.

0050

(Eligible) Tier 2 capital

Article 71 of Regulation (EU) No 575/2013.

0060

Eligible liabilities

MREL

TLAC

Eligible liabilities in accordance with Article 72k of Regulation (EU) No 575/2013.

0070

Eligible liabilities items before adjustments

MREL

Eligible liabilities as defined in Article 2(1), point (71a), of Directive 2014/59/EU; in case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements laid down in Article 55 of that Directive. The amounts reported shall be amounts net of unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments.

TLAC

Eligible liabilities which comply with all the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013 shall be reported. The amounts reported shall be amounts net of holding of own eligible liabilities instruments, and net of unused prior permission amounts to the extent that the permission covers eligible liabilities instruments.

0080

Of which: eligible liabilities considered as structurally subordinated

MREL

Liabilities that comply with the conditions laid down in Article 45b of Directive 2014/59/EU because they are issued by a resolution entity that is a holding company and because there are no excluded liabilities as referred to in Article 72a(2) of Regulation (EU) No 575/2013 that rank pari passu or junior to eligible liabilities instruments.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements laid down in Article 55 of Directive 2014/59/EU.

This row shall also include eligible liabilities that qualify as a result of the grandfathering in accordance with Article 494b(3) of Regulation (EU) No 575/2013.

The amounts reported shall be the amounts net of unused prior permission amounts, to the extent that the prior permission covers eligible liabilities instruments that meet the criteria specified in the first, second and third subparagraphs of this paragraph.

TLAC

Liabilities that:

(a) comply with the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, and in particular the requirement laid down in Article 72b(2), point (d)(iii), of that Regulation, but not the requirements laid down in points (d)(i) or (d)(ii) of that paragraph; or

(b) comply with the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, except for Article 72b(2), point (d), of that Regulation, and that are permitted to qualify as eligible liabilities instruments by resolution authorities in accordance with Article 72b(4) of that Regulation.

This row shall also include eligible liabilities that qualify as a result of the grandfathering in accordance with Article 494b(3) of Regulation (EU) No 575/2013.

0090

Eligible liabilities subordinated to excluded liabilities

MREL

Eligible liabilities included in the amount of own funds and eligible liabilities in accordance with Article 45b of Directive 2014/59/EU that are subordinated eligible instruments as defined in Article 2(1), point (71b), of that Directive and liabilities included in the amount of own funds and eligible liabilities in accordance with Article 45b(3) of that Directive. In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements laid down in Article 55 of that Directive. The amounts reported shall be amounts net of unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments subordinated to excluded liabilities.

TLAC

Eligible liabilities which comply with all the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, at the exclusion of liabilities permitted to qualify as eligible liability instruments in accordance with Article 72b(3) or (4) of that Regulation. The amounts reported shall be amounts net of holdings of own eligible liabilities instruments and net of unused prior permission amounts, to the extent that the prior permission covers eligible liabilities instruments subordinated to excluded liabilities.

0100

Eligible liabilities instruments issued directly by the resolution entity (not grandfathered)

MREL

Eligible liabilities included in the amount of own funds and eligible liabilities in accordance with Article 45b of Directive 2014/59/EU that are subordinated eligible instruments as defined in Article 2(1), point (71b), of that Directive and that are issued directly by the resolution entity. In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements laid down in Article 55 of that Directive. The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments issued directly by the resolution entity that are not grandfathered.

TLAC

Eligible liabilities which comply with all the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, at the exclusion of liabilities permitted to qualify as eligible liability instruments in accordance with Article 72b(3) or (4) of that Regulation, and which are issued directly by the resolution entity. The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments issued directly by the resolution entity that are not grandfathered.

This row shall neither include the amortised portion of Tier 2 instruments where the remaining maturity is greater than 1 year (Article 72a(1), point (b), of Regulation (EU) No 575/2013) nor eligible liabilities grandfathered under Article 494b of that Regulation.

0110

Eligible liabilities instruments issued by other entities within the resolution group (not grandfathered)

MREL

Eligible liabilities included in the amount of own funds and eligible liabilities in accordance with Article 45b of Directive 2014/59/EU that are issued by subsidiaries and included in MREL in compliance with Article 45b(3) of that Directive. In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements laid down in Article 55 of that Directive. The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments issued by other entities within the resolution group that are not grandfathered.

TLAC

Eligible liabilities which comply with all the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, at the exclusion of liabilities permitted to qualify as eligible liability instruments pursuant to Article 72b(3) or (4) of that Regulation, that are issued by subsidiaries and qualify for inclusion in the consolidated eligible liabilities instruments of an entity in accordance with Article 88a of that Regulation. The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments issued by other entities within the resolution group that are not grandfathered.

0120

Eligible liabilities items issued prior to 27 June 2019

MREL

Eligible liabilities that meet the following conditions:

(a) they were issued prior to 27 June 2019;

(b) they are subordinated eligible instruments as defined in Article 2(1), point (71b), of Directive 2014/59/EU;

(c) they are included in own funds and eligible liabilities in accordance with Article 494b(3) of Regulation (EU) No 575/2013;

(d) in case of instruments governed by the law of a third country, they meet the requirements laid down in Article 55 of Directive 2014/59/EU.

The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments issued prior to 27 June 2019.

TLAC

Eligible liabilities that meet the following conditions:

(a) they were issued prior to 27 June 2019;

(b) they comply with Article 72b(2), point (d), of Regulation (EU) No 575/2013;

(c) they qualify as eligible liabilities as a result of the grandfathering in accordance with Article 494b(3) of Regulation (EU) No 575/2013.

The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments issued prior to 27 June 2019.

0130

Tier 2 instruments with a residual maturity of at least 1 year to the extent they do not qualify as Tier 2 items

Article 72a(1), point (b), of Regulation (EU) No 575/2013

This row shall include the amortised portion of Tier 2 instruments, where the remaining maturity is greater than 1 year. Only the amount not recognised in own funds but meeting all eligibility criteria laid down in Article 72b of Regulation (EU) No 575/2013 shall be reported in this row.

In case of MREL, instruments governed by the law of a third country shall only be included in this row if they meet the requirements laid down in Article 55 of Directive 2014/59/EU.

0132

(-) Own eligible liabilities instruments subordinated to excluded liabilities

MREL

Article 78a of Regulation (EU) No 575/2013, Article 32b(2), (3) and (5) of Delegated Regulation (EU) No 241/2014

This row shall include unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments subordinated to excluded liabilities. The amount in this row shall be equal to the amount in row 0135 for MREL.

TLAC

Article 72e(1), point (a), and Article 78a of Regulation (EU) No 575/2013, Article 32b(2), (3) and (5) of Delegated Regulation (EU) No 241/2014

This row shall include:

(i) holdings of own subordinated eligible liabilities instruments that are to be deducted in accordance with Article 72e(1), point (a), of Regulation (EU) No 575/2013; and

(ii) unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments subordinated to excluded liabilities.

0135

(-) of which: unused prior permission amounts

MREL and TLAC

The following amounts shall be reported in this row:

(i) unused ad hoc permission amounts, to the extent that the permission covers eligible liabilities instruments subordinated to excluded liabilities;

(ii) unused GPP amounts, to the extent that the permission covers eligible liabilities instruments subordinated to excluded liabilities.

Where a general prior permission as referred to in point (ii) does not specify the ranking of the instruments that may be called, redeemed, repaid or repurchased, the full unused GPP amount shall be reported in this row.

0140

Eligible liabilities not subordinated to excluded liabilities

MREL

Liabilities that comply with the conditions laid down in Article 45b of Directive 2014/59/EU and that are not wholly subordinated to claims arising from excluded liabilities referred to in Article 72a(2) of Regulation (EU) No 575/2013. In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements laid down in Article 55 of Directive 2014/59/EU. The amounts reported shall be amounts net of unused prior permission amounts, to the extent that the permission covers eligible liabilities that are not subordinated to excluded liabilities.

TLAC

Eligible liabilities which comply with the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, except for Article 72b(2), point (d), of that Regulation, and are recognised as eligible liabilities in accordance with Article 72b(3) or (4) of that Regulation. Where Article 72b(3) of Regulation (EU) No 575/2013 applies, the amount reported shall be the amount after the application of the cap laid down in that Article. The amounts reported shall be amounts net of holdings of own eligible liabilities instruments and net of unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments not subordinated to excluded liabilities.

0150

Eligible liabilities that are not subordinated to excluded liabilities (not grandfathered pre-cap)

MREL

Liabilities that comply with the conditions laid down in Article 45b (1), (2) and (3) of Directive 2014/59/EU and that are not wholly subordinated to claims arising from excluded liabilities referred to in Article 72a(2) of Regulation (EU) No 575/2013. In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU. The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments that are not subordinated to excluded liabilities and are not grandfathered.

TLAC

Eligible liabilities which comply with the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, except for Article 72b(2), point (d), of that Regulation, and which could be permitted to qualify as eligible liabilities instruments in accordance with Article 72b(3) of that Regulation or are permitted to qualify as eligible liabilities instruments in accordance with Article 72b(4) of that Regulation. The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments that are not subordinated to excluded liabilities and are not grandfathered.

Where Article 72b(3) or Article 494(2) of Regulation (EU) No 575/2013 applies, the full amount without the application of the 3,5 % and 2,5 % cap respectively shall be reported in this row.

This row shall not include any amount recognisable on a transitional basis in accordance with Article 494b(3) of Regulation (EU) No 575/2013.

0160

Eligible liabilities that are not subordinated to excluded liabilities issued prior to 27 June 2019 (pre-cap)

MREL

Eligible liabilities that meet the following conditions:

(a) they were issued prior to 27 June 2019;

(b) they comply with the conditions laid down in Article 45b (1), (2) and (3) of Directive 2014/59/EU and are not wholly subordinated to claims arising from excluded liabilities referred to in Article 72a(2) of Regulation (EU) No 575/2013;

(c) they qualify as eligible liabilities as a result of the grandfathering in accordance with Article 494b(3) of Regulation (EU) No 575/2013.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU.

TLAC

Eligible liabilities which meet the following conditions:

(a) they were issued prior to 27 June 2019;

(b) they comply with the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, except for Article 72b(2), point (d), of that Regulation, and could be permitted to qualify as eligible liabilities instruments in accordance with Article 72b(3) of that Regulation or are permitted to qualify as eligible liabilities instruments in accordance with Article 72b(4) of that Regulation;

(c) they qualify as eligible liabilities as a result of the grandfathering in accordance with Article 494b(3) of Regulation (EU) No 575/2013.

The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments that are not subordinated to excluded liabilities and were issued prior to 27 June 2019.Where Article 72b(3) or Article 494(2) of Regulation (EU) No 575/2013 applies, the full amount without application of the 3,5 % and 2,5 % cap respectively shall be reported in this row.

0162

(-) Own eligible liabilities instruments not subordinated to excluded liabilities

MREL

Article 78a of Regulation (EU) No 575/2013, Article 32b(2), (3) and (5) of Delegated Regulation (EU) No 241/2014

This row shall include unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments that are not subordinated to excluded liabilities. The amount in this row shall be equal to the amount in row 0165 for MREL.

TLAC

Article 72e(1), point (a), and Article 78a of Regulation (EU) No 575/2013, Article 32b(2), (3) and (5) of Delegated Regulation (EU) No 241/2014

This row shall include:

(i) holdings of own non-subordinated eligible liabilities instruments that are to be deducted in accordance with Article 72e(1), point (a), of Regulation (EU) No 575/2013; and

(ii) unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments that are not subordinated to excluded liabilities.

0165

(-) of which: unused prior permission amounts

MREL and TLAC

The following amounts shall be reported in this row:

(i) unused ad hoc permission amounts, to the extent that the permission covers an eligible liabilities instrument that is not subordinated to excluded liabilities;

(ii) unused GPP amounts, to the extent that the permission covers eligible liabilities instruments that are not subordinated to excluded liabilities.

0170

Amounts eligible after application of the cap of Article 72b(3) of Regulation (EU) No 575/2013 (not grandfathered)

TLAC

Eligible liabilities that comply with the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, except for point (d) of Article 72b(2), point (d), of that Regulation, after applying Article 72b(3) to (5) of that Regulation, at the exclusion of liabilities recognised pursuant to the grandfathering set out in Article 494b(3) of that Regulation.

Where Article 72b(3) of Regulation (EU) No 575/2013 applies and until 31 December 2021, the amount reported in this row shall be the amount after application of Article 494(2) of that Regulation (2,5 % cap).

0180

Amounts eligible after application of the cap of Article 72b(3) of Regulation (EU) No 575/2013 consisting of items issued prior to 27 June 2019

TLAC

Eligible liabilities that meet the following conditions:

(a) they were issued prior to 27 June 2019;

(b) they comply with the requirements laid down in Articles 72a to 72d of Regulation (EU) No 575/2013, except for Article 72b(2), point (d), of that Regulation, after applying Article 72b(3) to (5) of that Regulation;

(c) they qualify as eligible liabilities as a result of the grandfathering in accordance with Article 494b(3) of Regulation (EU) No 575/2013.

0190

(-) Deductions

0200

(-) Exposures between multiple point of entry (MPE) resolution groups

TLAC

This row shall reflect the deductions of exposures between MPE G-SII resolution groups, that correspond to direct, indirect or synthetic holdings of own funds instruments or eligible liabilities instruments of one or more subsidiaries which do not belong to the same resolution group as the resolution entity, in accordance with Article 72e(4) of Regulation (EU) No 575/2013.

0211

(-) Investments in other eligible liabilities instruments

TLAC

Entities shall report the deduction of investments in other eligible liabilities instruments, as referred to in Article 72e(1), points (b), (c) and (d), Article 72e(2) and (3) and Articles 72g to 72j of Regulation (EU) No 575/2013, whereby the amount to be deducted from eligible liabilities items is determined in accordance with Part Two, Title I, Chapter 5a, Section 2, of that Regulation.

0220

Excess of deductions from eligible liabilities over eligible liabilities

Eligible liabilities cannot be negative, but it is possible that the amount of deductions from eligible liabilities items is greater than the amount of eligible liabilities items. When this happens, the eligible liabilities have to be equal to zero, and the excess of the deductions is to be deducted from Tier 2 in accordance with Article 66, point (e), of Regulation (EU) No 575/2013.

With this item, it is achieved that the eligible liabilities as reported in row 0060 are never lower than zero.

0400 – 0500

Memorandum items

0400

CET1 (%) available after meeting the entity’s requirements

The amount of CET1, equal to zero or positive, available after meeting each of the requirements referred to in Article 141a(1), points (a), (b) and (c), of Directive 2013/36/EU ( 1 ) and the higher of:

(a) where applicable, the G-SII requirement for own funds and eligible liabilities laid down in Article 92a of Regulation (EU) No 575/2013 (TLAC requirement), when calculated in accordance with paragraph (1), point (a), of that Article;

(b) the minimum requirement for own funds and eligible liabilities pursuant to Article 45 of Directive 2014/59/EU, when calculated in accordance with Article 45(2), point (a), of that Directive.

The CET1 available shall be expressed in percent of the total risk exposure amount as reported in row 0100 of template M 01.00.

The reported figure shall be identical in both MREL and TLAC columns.

It shall take into account the effect of transitional provisions on the own funds and eligible liabilities, the total risk exposure amount and the requirements themselves. Neither the guidance on additional own funds as referred to in Article 104b of Directive 2013/36/EU nor the combined buffer requirement set out in Article 128, first subparagraph, point (6), of that Directive shall be considered.

0410

Combined buffer requirement (%)

Article 128, first subparagraph, point (6), of Directive 2013/36/EU

The combined buffer requirement shall be expressed as a percentage of the total risk exposure amount.

0420

of which: capital conservation buffer requirement

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the capital conservation buffer requirement.

0430

of which: countercyclical buffer requirement

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the countercyclical buffer requirement.

0440

of which: systemic risk buffer requirement

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the systemic risk buffer requirement.

0450

of which: Global Systemically Important Institution (G-SII) or Other Systemically Important Institution (O-SII) buffer

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the G-SII or O-SII buffer requirement.

0460

Investments in subordinated eligible liabilities of other institutions

The positions reported in this row and rows 0470 to 0490 shall be determined considering the principles laid out in Article 72h of Regulation (EU) No 575/2013 (net long positions, look through approach).

0470

Investments in subordinated eligible liabilities of G-SIIs

Amount of holdings of eligible liabilities instruments, as referred to in Article 72b(2) of Regulation (EU) No 575/2013, at the exclusion of instruments pursuant to Article 72b(3) to (5) of that Regulation, that are issued by G-SIIs.

0480

Investments in subordinated eligible liabilities of O-SIIs

Amount of holdings of eligible liabilities instruments as referred to in Article 72b(2) of Regulation (EU) No 575/2013 that are issued by O-SIIs.

Investments in subordinated eligible liabilities of O-SIIs that are at the same time G-SIIs shall not be reported in this row, but exclusively in row 0470.

0490

Investments in subordinated eligible liabilities of other institutions

Amount of holdings of eligible liabilities instruments as referred to in Article 72b(2) of Regulation (EU) No 575/2013 that are issued by institutions that are neither G-SIIs nor O-SIIs.

0500

Excluded liabilities

Article 72a(2) of Regulation (EU) No 575/2013

0600

Ad hoc permissions for eligible liabilities items: Predetermined amount

Amounts covered by a prior, ad hoc permission to call, redeem, repay or repurchase specific eligible liabilities instruments in accordance with Article 78a(1), first subparagraph, of Regulation (EU) No 575/2013 in conjunction with Article 32b(2) of Delegated Regulation (EU) No 241/2014 shall be reported in this row. It shall include both the used and the unused amounts.

0610

General prior permissions for eligible liabilities items: Predetermined amount

Amounts covered by a general prior permission to call, redeem, repay or repurchase eligible liabilities instruments in accordance with Article 78a(1), second subparagraph, of Regulation (EU) No 575/2013 in conjunction with Article 32b(3) and (5) of Delegated Regulation (EU) No 241/2014 shall be reported in this row. It shall include both the used and the unused amounts.

( 1 )

Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (OJ L 176, 27.6.2013, p. 338, ELI: http://data.europa.eu/eli/dir/2013/36/oj).

2.2. M 03.00 – Internal MREL and Internal TLAC (ILAC)

2.2.1. General remarks

Template M 03.00 presents the own funds and eligible liabilities for the purposes of:

(a)

the requirement for own funds and eligible liabilities of entities that are not themselves resolution entities pursuant to Article 45f of Directive 2014/59/EU (internal MREL); and

(b)

the requirement for own funds and eligible liabilities for non-EU G-SIIs applicable to material subsidiaries of third country G-SIIs pursuant to Article 92b of Regulation (EU) No 575/2013 (internal TLAC).

The column referring to internal MREL shall be filled in by entities that are subject to the minimum requirement for own funds and eligible liabilities in accordance with Articles 45 and 45f of Directive 2014/59/EU. Only those entities obliged to comply with the requirement set out in Article 92b of Regulation (EU) No 575/2013 shall report items referring to the G-SII requirement for own funds and eligible liabilities (TLAC).

2.2.2. Instructions concerning specific positions

Columns

Legal references and instructions

0010

Internal MREL

Articles 45 and 45f of Directive 2014/59/EU.

0020

Internal TLAC

Article 92b of Regulation (EU) No 575/2013.

Row

Legal references and instructions

0010

Level of application

If the entity is subject to internal MREL, and where applicable internal TLAC, on an individual basis, it shall indicate ‘individual’.

If the entity is subject to internal MREL, and where applicable internal TLAC, on a consolidated basis, it shall indicate ‘consolidated’.

0100 – 0110

Total risk exposure amount and total exposure measure

0100

Total risk exposure amount (TREA)

Article 45(2), point (a), of Directive 2014/59/EU, Article 92(3) of Regulation (EU) No 575/2013.

The total risk exposure amount reported in this row shall be the total risk exposure amount which is the basis for compliance with the requirements set out in Article 45 of Directive 2014/59/EU respectively Article 92b of Regulation (EU) No 575/2013, as applicable.

0110

Total exposure measure (TEM)

Article 45(2), point (b), of Directive 2014/59/EU, Article 429(4) and Article 429a of Regulation (EU) No 575/2013.

The total exposure measure reported in this row shall be the total exposure measure which is the basis for compliance with the requirements set out in Article 45 of Directive 2014/59/EU respectively Article 92b of Regulation (EU) No 575/2013, as applicable.

0200 – 0295

Eligible own funds and eligible liabilities

0200

Eligible own funds and eligible liabilities

Internal MREL

Sum of eligible own funds, eligible liabilities and guarantees permitted to count towards internal MREL in accordance with Article 45f(2) of Directive 2014/59/EU, considering also, where applicable Article 89(2), fourth subparagraph, of that Directive.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU.

The amount reported in this row shall be the amount after making the deductions in accordance with Article 72e(5) of Regulation (EU) No 575/2013.

Internal TLAC

Eligible own funds and eligible liabilities permitted to count towards internal TLAC in accordance with Article 92b(2) and (3) of Regulation (EU) No 575/2013. The amount reported in this row shall be the amount after making the deductions in accordance with Article 72e(5) of Regulation (EU) No 575/2013.

0210

Eligible own funds

Sum of CET1 capital, eligible Additional Tier 1 capital and eligible Tier 2 capital

In case of internal MREL, instruments referred to in Article 89(2), fourth subparagraph, of Directive 2014/59/EU shall be included in this row and rows 0230 and 0240, as applicable.

Instruments governed by the law of a third country shall only be included in this row and rows 0230 and 0240 if they meet the requirements set out in Article 55 of that Directive.

0220

Common Equity Tier 1 capital (CET1)

Article 50 of Regulation (EU) No 575/2013.

0230

Eligible Additional Tier 1 capital

Article 61 of Regulation (EU) No 575/2013

Internal MREL

Instruments shall only be considered where they fulfil the criteria referred to in Article 45f(2), point (b)(ii), of Directive 2014/59/EU.

Internal TLAC

Instruments shall only be considered where they fulfil the criteria laid down in Article 92b(2) of Regulation (EU) No 575/2013.

0240

Eligible Tier 2 capital

Article 71 of Regulation (EU) No 575/2013

Internal MREL

Instruments shall only be considered where they fulfil the criteria set out in Article 45f(2), point (b) (ii), of Directive 2014/59/EU.

Internal TLAC

Instruments shall only be considered where they fulfil the criteria laid down in Article 92b(2) of Regulation (EU) No 575/2013.

0250

Eligible liabilities and guarantees

0260

Eligible liabilities (excluding guarantees)

Internal MREL

Eligible liabilities which fulfil the conditions set out in Article 45f(2), point (a), of Directive 2014/59/EU, considering also, where applicable, Article 89(2), fourth subparagraph, of that Directive.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU.

The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments.

Internal TLAC

The amount of eligible liabilities shall be calculated in accordance with Article 72k of Regulation (EU) No 575/2013, where those liabilities fulfil the conditions set out in Article 92b(3) of that Regulation.

The amounts reported shall be the amounts before deducting unused prior permission amounts, to the extent that the permission covers eligible liabilities instruments.

0265

(-) Own eligible liabilities instruments: Unused prior permission amounts

The following amounts shall be reported in this row:

(i) unused ad hoc permission amounts, to the extent that the permission covers eligible liabilities instruments;

(ii) unused GPP amounts, to the extent that the permission covers eligible liabilities instruments.

0270

Guarantees provided by the resolution entity and permitted by the resolution authority

Where the resolution authority of the subsidiary permits the reporting entity to meet the internal MREL requirement with guarantees, the amount of guarantees that are provided by the resolution entity and fulfil all the conditions set out in Article 45f(5) of Directive 2014/59/EU shall be reported.

0280

Memorandum item: Collateralised part of the guarantee

The part of the guarantee reported in row 0270 that is collateralised through a financial collateral arrangement as referred to in Article 45f(5), point (c), of Directive 2014/59/EU.

0290

(-) Own funds instruments and eligible liabilities instruments issued by non-resolution entities of the same resolution group

Holdings of own funds instruments and eligible liabilities instruments that are to be deducted in accordance with Article 72e(5) of Regulation (EU) No 575/2013 and Article 45c(2a), fifth subparagraph, of Directive 2014/59/EU shall be reported in this row.

For the calculation of the deductions pursuant to Article 45c(2a) of Directive 2014/59/EU, the ratio reported in row 0630 shall be used.

0293

(-) of which: Own funds instruments issued by liquidation entities

Investments into the own funds instruments issued by liquidation entities of the same resolution group, for which the resolution authority did not determine a minimum requirement for own funds and eligible liabilities in accordance with Article 45 of Directive 2014/59/EU, that are to be deducted in accordance with Article 45c(2a), fifth subparagraph, of Directive 2014/59/EU, shall be reported.

For the calculation of the deductions pursuant to Article 45c(2a) of Directive 2014/59/EU, the ratio reported in row 0630 shall be used.

0295

Excess of deductions from eligible liabilities over eligible liabilities

With this item, it is achieved that the eligible liabilities as reported in row 0251 are never lower than zero.

0400 – 0440

Ratios of eligible own funds and eligible liabilities

0400

Own funds and eligible liabilities as a percentage of the TREA

Amounts of eligible own funds, eligible liabilities and permitted guarantees of the reporting entity counting towards, respectively, internal MREL and internal TLAC, expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013.

0410

of which: permitted guarantees

Amount of eligible own funds, eligible liabilities and permitted guarantees of the reporting entity that are guarantees provided by the resolution entity and that are recognised by the resolution authority in accordance with Article 45f(5) of Directive 2014/59/EU, which counts towards internal MREL, expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013.

0420

Own funds and eligible liabilities as a percentage of the TEM

Amounts of eligible own funds and eligible liabilities of the reporting entity counting towards, respectively, internal MREL and internal TLAC, expressed as a percentage of the total exposure measure calculated in accordance with Article 429(4) and Article 429a of that Regulation.

0430

of which: permitted guarantees

Amount of eligible own funds and eligible liabilities of the reporting entity that are guarantees provided by the resolution entity and that are recognised by the resolution authority in accordance with Article 45f(5) of Directive 2014/59/EU, which counts towards internal MREL, expressed as a percentage of the total exposure measure calculated in accordance with Article 429(4) and Article 429a of Regulation (EU) No 575/2013.

0440

CET1 (%) available after meeting the entity’s requirements

The amount of CET1, equal to zero or positive, available after meeting each of the requirements referred to in Article 141a(1), points (a), (b) and (c) of Directive 2013/36/EU and the higher of:

(a) where applicable the internal TLAC requirement pursuant to Article 92b of Regulation (EU) No 575/2013, when calculated in accordance with Article 92b(1) of that Regulation as 90 % of the requirement set out in Article 92a(1), point (a), of that Regulation;

(b) the internal MREL requirement pursuant to Article 45f of Directive 2014/59/EU, when calculated in accordance with Article 45(2), point (a), of that Directive.

The CET1 available shall be expressed in percent of the total risk exposure amount as reported in row 0100.

The reported figure shall be identical in both internal MREL and internal TLAC columns.

It shall take into account the effect of transitional provisions on the own funds and eligible liabilities, the total risk exposure amount and the requirements themselves. Neither the guidance on additional own funds as referred to by Article 104b of Directive 2013/36/EU nor the combined buffer requirement set out in Article 128, first subparagraph, point (6),of that Directive shall be considered.

0500 – 0550

Memorandum items

0500

Combined buffer requirement (%)

Article 128, first subparagraph, point (6), of Directive 2013/36/EU

The combined buffer requirement shall be expressed as a percentage of the total risk exposure amount.

0510

of which: capital conservation buffer requirement

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the capital conservation buffer requirement.

0520

of which: countercyclical buffer requirement

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the countercyclical buffer requirement.

0530

of which: systemic risk buffer requirement

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the systemic risk buffer requirement.

0540

of which: Global Systemically Important Institution (G-SII) or Other Systemically Important Institution (O-SII) buffer

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the G-SII or O-SII buffer requirement.

0550 – 0600

Other bail-inable liabilities

Entities that, at the date of the reporting of that information, hold amounts of own funds and eligible liabilities of at least 150 % of the requirement laid down in Article 45(1) of Directive 2014/59/EU shall be exempted from reporting the information in rows 0550 to 0600. Such entities may opt to report that information in this template on a voluntary basis.

Unused prior permission amounts, to the extent that the permission covers an eligible liabilities instrument, shall be considered other bail-inable liabilities for the purposes of these rows.

0550

Other bail-inable liabilities

The amount of bail-inable liabilities, as defined in Article 2(1), point (71), of Directive 2014/59/EU, that are not eligible to meet the requirements set out in Article 45 and 45f of that Directive.

0560

Of which: governed by third-country law

The amount of other bail-inable liabilities that are governed by the law of a third country as referred to in Article 55 of Directive 2014/59/EU.

0570

Of which: containing a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU

The amount of other bail-inable liabilities that are governed by the law of a third country and that contain a write down and conversion clause as referred to in Article 55 of Directive 2014/59/EU.

0580 – 0600

Breakdown of other bail-inable liabilities by residual maturity

0580

Residual maturity of < 1 year

0590

Residual maturity of >= 1 year and < 2 years

0600

Residual maturity of >= 2 years

0610

Excluded liabilities

Article 72a(2) of Regulation (EU) No 575/2013.

0620

Own funds instruments issued by liquidation entities of the same resolution group

Holdings of own funds instruments issued by non-resolution entities that are liquidation entities, part of the same resolution group, and for which the resolution authority did not determine a minimum requirement for own funds and eligible liabilities in accordance with Article 45 of Directive 2014/59/EU.

This amount shall be reported in this row irrespective of whether the conditions laid down in Article 45c(2a), fifth subparagraph, of Directive 2014/59/EU are met.

0630

Ratio of holdings of own funds instruments issued by liquidation entities over eligible own funds and eligible liabilities

Article 45c(2a) of Directive 2014/59/EU.

The ratio shall only be calculated for the remittance date of 31 December. For the other reference dates, the ratio calculated as of 31 December of the preceding year shall be reported.

The ratio shall be reported as follows:

— Numerator: Average of the 12 monthly values of the relevant calendar year of the holdings of own funds instruments issued by non-resolution entities that are liquidation entities, part of the same resolution group, and for which the resolution authority did not determine a minimum requirement for own funds and eligible liabilities in accordance with Article 45 of Directive 2014/59/EU.

— Denominator: Average of the 12 monthly values of the relevant calendar year of the own funds and eligible liabilities of the reporting entity, calculated without taking into account the deductions of the holdings of own funds instruments pursuant to Article 45c(2a), fifth subparagraph, of Directive 2014/59/EU.

2.3. M 04.00 – Funding structure of eligible liabilities (LIAB-MREL)

2.3.1. General remarks

This template requires information on the funding structure of the eligible liabilities of entities subject to MREL. The eligible liabilities are broken down by type of liability and maturity.

Entities shall report only liabilities eligible for meeting the Minimum requirement for own funds and eligible liabilities laid down in Directive 2014/59/EU (MREL / internal MREL) in this template.

Where the reporting entity is a resolution entity, eligible liabilities as defined in Article 2(1), point (71a), of Directive 2014/59/EU shall be reported, before the deduction of unused prior permission amounts. In case of eligible liabilities governed by the law of a third country, only those liabilities which meet the requirements set out in Article 55 of that Directive shall be included.

Where the reporting entity is an entity other than a resolution entity, it shall report eligible liabilities as referred to in Article 45f(2), point (a), of Directive 2014/59/EU in this template, considering also, where applicable, Article 89(2), fourth subparagraph, of that Directive, before the deduction of unused prior permission amounts. In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of that Directive.

10.

The breakdown by type of liability is based on the same set of liability types used in the reporting for the purposes of resolution planning in accordance with Implementing Regulation (EU) 2018/1624. References to that Implementing Regulation are provided to define the different types of liabilities.

11.

Where a maturity breakdown is required, the residual maturity shall be the time until the contractual maturity or, in accordance with the conditions of Articles 72c(2) or (3) of Regulation (EU) No 575/2013, the earliest possible date on which the option can be exercised. In case of interim payments of principal, the principal shall be split and allocated into the corresponding maturity buckets. Where applicable, the maturity shall be considered separately for both the principal amount and accrued interest.

2.3.2. Instructions concerning specific positions

Row

Legal references and instructions

0100

ELIGIBLE LIABILITIES

0200

Deposits, not covered and not preferential >= 1 year

Deposits, not covered and not preferential, as defined for the purposes of row 0320 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624, that are eligible for the purposes of Article 45 of Directive 2014/59/EU.

0210

of which: residual maturity >= 1 year and < 2 years

0220

of which: residual maturity >= 2 years

0230

of which: issued by subsidiaries

0300

Uncollateralised secured liabilities >= 1 year

Uncollateralised secured liabilities, as defined for the purposes of row 0340 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624, that are eligible for the purposes of Article 45 of Directive 2014/59/EU.

0310

of which: residual maturity >= 1 year and < 2 years

0320

of which: residual maturity >= 2 years

0330

of which: issued by subsidiaries

0400

Structured notes >= 1 year

Structured notes, as defined for the purposes of row 0350 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624, that are eligible for the purposes of Article 45 of Directive 2014/59/EU.

0410

of which: residual maturity >= 1 year and < 2 years

0420

of which: residual maturity >= 2 years

0430

of which: issued by subsidiaries

0500

Senior unsecured liabilities >= 1 year

Senior unsecured liabilities, as defined for the purposes of row 0360 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624, that are eligible for the purposes of Article 45 of Directive 2014/59/EU.

0510

of which: residual maturity >= 1 year and < 2 years

0520

of which: residual maturity >= 2 years

0530

of which: issued by subsidiaries

0600

Senior non-preferred liabilities >= 1 year

Senior non-preferred liabilities, as defined for the purposes of row 0365 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624, that are eligible for the purposes of Article 45 of Directive 2014/59/EU.

0610

of which: residual maturity >= 1 year and < 2 years

0620

of which: residual maturity >= 2 years

0630

of which: issued by subsidiaries

0700

Subordinated liabilities (not recognised as own funds) >= 1 year

Subordinated liabilities, as defined for the purposes of row 0370 of template Z 02.00 of Annex I to Implementing Regulation (EU) 2018/1624, that are eligible for the purposes of Article 45 of Directive 2014/59/EU.

0710

of which: residual maturity >= 1 year and < 2 years

0720

of which: residual maturity >= 2 years

0730

of which: issued by subsidiaries

0800

Other MREL eligible liabilities >= 1 year

Any other instrument that is eligible for the purposes of Article 45 of Directive 2014/59/EU.

0810

of which: residual maturity >= 1 year and < 2 years

0820

of which: residual maturity >= 2 years

0830

of which: issued by subsidiaries

Creditor ranking

12.

The templates M 05.00 and M 06.00 capture the ranking of eligible liabilities in the creditor hierarchy. Both templates are always reported at individual level.

13.

In case of entities that are themselves not resolution entities, the amount attributable to each rank is further broken down into amounts owed to the resolution entity and other amounts not owed to the resolution entity, where applicable.

14.

The ranking is presented from the most junior to the more senior. Rows for ranks shall be added until the most senior ranking eligible instrument and all liabilities ranking pari passu with it, have been reported.

3.1. M 05.00 – Creditor ranking (entity that is not a resolution entity)

3.1.1. General remarks

15.

Entities that are subject to the obligation to comply with the requirement set out in Article 92b of Regulation (EU) No 575/2013 shall report in this template:

(a)

CET1 items as referred to in Article 26 of Regulation (EU) No 575/2013;

(b)

AT1 items as referred to in Article 51 of Regulation (EU) No 575/2013;

(c)

T2 instruments and the associated share premium, as referred to in Article 62, point (a) and (b), of Regulation (EU) No 575/2013, including the amortised part of the instrument not recognised for the purposes of complying with the requirements set out in Articles 92 or 92b of that Regulation (EU) or Article 45 of Directive 2014/59/EU; and

(d)

liabilities instruments eligible to meet the internal MREL;

(e)

other bail-in-able liabilities;

(f)

liabilities excluded from bail-in; those liabilities shall be included to the extent that they rank pari passu with or junior to any instrument included in the amount of eligible liabilities for the purposes of internal MREL.

16.

Amounts of instruments qualifying for the compliance with the requirements set out in Articles 92 or 92b of Regulation (EU) No 575/2013 or Article 45 of Directive 2014/59/EU in accordance with applicable transitional provisions shall also be considered in scope of the instruments and items listed in paragraph 20.

17.

The amounts of instruments referred to in paragraph 20, points (a), (b) and (c), shall be the amount after deducting holdings of own instruments as referred to in Article 36(1), point (f), Article 56, point (a), and Article 66, point (a), of Regulation (EU) No 575/2013.

18.

The amounts of instruments referred to in paragraph 20, points (a) to (d), shall be the amount before deducting unused prior permission amounts.

19.

Entities that are not subject to the obligation to comply with the requirement set out in Article 92b of Regulation (EU) No 575/2013, but are subject to the obligation to comply with the requirement set out in Article 45 of Directive 2014/59/EU in accordance with Article 45f of that Directive, shall report in this template the instruments and item specified in paragraph 20 of this Section, with the exception of the liabilities excluded from bail-in referred to in point (f) of that paragraph.

20.

By way of derogation from paragraph 24, those entities may choose to report the same scope of own funds and liabilities as specified in paragraph 20.

21.

Entities that, at the date of the reporting of that in-formation, hold amounts of own funds and eligible liabilities of at least 150 % of the requirement referred to in Article 45(1) of Directive 2014/59/EU, shall be exempted from reporting information on other bail-in-able liabilities. Such entities may opt to report information on other bail-in-able liabilities in this template on a voluntary basis.

22.

The combination of columns 0010 and 0020 is a row identifier which shall be unique for all rows in the template.

3.1.2. Instructions concerning specific positions

Columns

Legal references and instructions

0010

Insolvency rank

The number of the insolvency rank in the creditor hierarchy of the reporting entity shall be reported, starting with the most junior rank.

The insolvency rank shall be one of the ranks included in the insolvency rankings published by the resolution authority of that jurisdiction.

0020

Type of creditor

The type of creditor shall be one of the following:

— ‘Resolution entity’

— This entry shall be selected to report the amounts owned directly or indirectly by the resolution entity through entities along the chain of ownership, where applicable.

— ‘Entities other than the resolution entity’

— This entry shall be selected to report the amounts owned by other creditors, where applicable.

0030

Description of insolvency rank

The description included in the insolvency rankings published by the resolution authority of that jurisdiction, where a standardised list including such a description is available. Otherwise, own description of the insolvency rank by the institution, mentioning at least the main type of instrument in the respective insolvency rank.

0040

Liabilities and own funds

The amount of own funds, of eligible liabilities and, where applicable, of other bail-in-able liabilities that is allocated to the insolvency rank indicated in column 0010 shall be reported.

Where applicable, this column shall include also liabilities excluded from bail-in to the extent they are ranking lower than or pari passu with own funds and eligible liabilities.

In case of entities referred to in paragraph 24, this column shall be left empty, unless those entities choose to apply the derogation of paragraph 25.

0050

Of which: excluded liabilities

Amount of liabilities excluded in accordance with Article 72a(2) of Regulation (EU) No 575/2013 or Article 44(2) of Directive 2014/59/EU. Where the resolution authority decided to exclude liabilities in accordance with Article 44(3) of that Directive, those excluded liabilities shall be reported in this column as well.

In case of entities referred to in paragraph 24, this column shall be left empty, unless those entities choose to apply the derogation of paragraph 25.

0060

Liabilities and own funds less excluded liabilities

Where entities fill in column 0040, the amount of liabilities and own funds, as reported in column 0040, shall be reported, reduced by the amount of excluded liabilities reported in column 0050.

Where entities do not fill in column 0040, they shall report own funds and liabilities eligible for the purposes of internal MREL in this column. Other bail-in-able liabilities shall be reported in this column subject to the conditions specified in paragraph 26.

0070

of which: own funds and eligible liabilities for the purpose of internal MREL

The amount of own funds and eligible liabilities counting towards internal MREL in accordance with Article 45f(2) of Directive 2014/59/EU shall be reported.

0080 – 0110

of which: with a residual maturity of

The amount of own funds and eligible liabilities counting towards internal MREL, as reported in column 0070, shall be broken down by the residual maturity of the different instruments and items. Instruments and items of perpetual nature shall not be considered in this breakdown, but be reported separately in column 0120.

0080

≥ 1 year < 2 years

0090

≥ 2 year < 5 years

0100

≥ 5 years < 10 years

0110

≥ 10 years

0120

Of which: perpetual securities

Perpetual securities and all CET1 items, as well as the share premium on AT1 and T2 instruments included in the scope of this template, shall be allocated to this column.

3.2. M 06.00 – Creditor ranking (resolution entity) (RANK)

3.2.1. General remarks

23.

Entities that are subject to the obligation to comply with the requirement set out in Article 92a of Regulation (EU) No 575/2013 shall report in this template

(a)

CET1 items as referred to in Article 26 of Regulation (EU) No 575/2013;

(b)

AT1 items as referred to in Article 51 of Regulation (EU) No 575/2013;

(c)

T2 instruments and the associated share premium, as referred to in Article 62, point (a) and (b), of Regulation (EU) No 575/2013, including the amortised part of the instrument not recognised for the purposes of complying with the requirements set out in Articles 92 or 92a of Regulation (EU) No 575/2013 or Article 45 of Directive 2014/59/EU;

(d)

liabilities instruments eligible to meet the MREL;

(e)

other bail-in-able liabilities,

(f)

24.

Amounts of instruments qualifying for the compliance with the requirements set out in Articles 92 or 92a of Regulation (EU) No 575/2013 or Article 45 of Directive 2014/59/EU in accordance with applicable transitional provisions shall also be considered in scope of the instruments and items listed in paragraph 28.

25.

Entities that are not subject to the obligation to comply with the requirement set out in Article 92a of Regulation (EU) No 575/2013, but are subject to the obligation to comply with the requirement set out in Article 45 of Directive 2014/59/EU in accordance with Article 45e of that Directive, shall report in this template the instruments and items specified in paragraph 28 of this Section, with the exception of the liabilities excluded from bail-in referred to in point (f) of that paragraph.

26.

By way of derogation from paragraph 30, those entities may choose to report the same scope of own funds and liabilities as specified in paragraph 28.

27.

The amounts of instruments referred to in paragraph 28, points (a), (b) and (c), shall be the amount after deducting holdings of own instruments as referred to in Article 36(1), point (f), Article 56, point (a), and Article 66, point (a), of Regulation (EU) No 575/2013.

28.

The amounts of instruments referred to in paragraph 28, points (a) to (d) shall be the amount before deducting unused prior permission amounts.

29.

3.2.2. Instructions concerning specific positions

Columns

Legal references and instructions

0010

Insolvency rank

See instructions on column 0010 of template M 05.00

This column is a row identifier which shall be unique for all rows in the template.

0020

Description of insolvency rank

See instructions on column 0030 of template M 05.00

0030

Liabilities and own funds

The amount of own funds, of eligible liabilities and, where applicable, of other bail-in-able liabilities, that is allocated to the insolvency rank indicated in column 0010 shall be reported.

Where applicable, this column shall include also liabilities excluded from bail-in to the extent they are ranking lower than or pari passu with eligible liabilities.

In case of entities referred to in paragraph 30, this column shall be left empty, unless those entities choose to apply the derogation of paragraph 31.

0040

Of which: excluded liabilities

Amount of liabilities excluded pursuant to Article 72a(2) of Regulation (EU) No 575/2013 or Article 44(2) of Directive 2014/59/EU.

In case of entities referred to in paragraph 30, this column shall be left empty, unless those entities choose to apply the derogation of paragraph 31.

0050

Liabilities and own funds less excluded liabilities

Where entities fill in column 0030, the amount of liabilities and own funds, as reported in column 0030, shall be reported, reduced by the amount of excluded liabilities reported in column 0040.

Where entities do not fill in column 0030, they shall report own funds and liabilities eligible for the purposes of MREL in this column. Other bail-inable liabilities shall be reported in this column subject to the conditions specified in paragraph 34.

0060

of which: own funds and liabilities potentially eligible for meeting MREL

The amount of own funds and liabilities eligible for the purpose of meeting the requirements set out in Article 45 of Directive 2014/59/EU in accordance with Article 45e of that Directive.

0070 – 0100

of which: with a residual maturity of

The amount of own funds and liabilities eligible for the purpose of meeting the requirement set out in Articles 45 of Directive 2014/59/EU in accordance with Article 45e of that Directive, as reported in column 0060, shall be broken down by the residual maturity of the different instruments and items. Instruments and items of perpetual nature shall not be considered in this breakdown, but be reported separately in column 0110.

0070

≥ 1 year < 2 years

0080

≥ 2 year < 5 years

0090

≥ 5 years < 10 years

0100

≥ 10 years

0110

Of which: perpetual securities

Perpetual securities and all CET1 items, as well as the share premium on AT1 and T2 instruments included in the scope of this template, shall be allocated to this column.

M 07.00 – Instruments governed by third-country law (MTCI)

4.1. General remarks

30.

Template M 07.00 provides a contract-by-contract breakdown of instruments that qualify as own funds and eligible liabilities for the purposes of MREL. Only instruments that are governed by the law of a third country shall be reported in the template.

31.

In relation to eligible liabilities that are not subordinated to excluded liabilities, entities shall only report securities which are fungible, negotiable financial instruments, at the exclusion of loans and deposits.

32.

In case of instruments partially qualifying for two different classes of own funds or eligible liabilities, the instrument shall be reported two times to reflect the amounts allocated to the different capital classes separately.

33.

The combination of columns 0020 (Code of the issuing entity), 0040 (Contract identifier) and 0070 (Type of own funds or eligible liabilities) constitutes a row identifier, which must be unique for each row reported in the template.

4.2. Instructions concerning specific positions

Columns

Legal references and instructions

0010 – 0030

Issuing entity

Where the information is reported with reference to a resolution group, the entity of the group that issued the respective instrument shall be indicated. Where the information is reported, with reference to a single resolution entity, the issuing entity shall be the reporting entity itself.

0010

Name

Name of the entity that issued the own funds instrument or the eligible liability instrument

0020

Code

Code of the entity that issued the own funds instrument or the eligible liability instrument.

The code as part of a row identifier must be unique for each reported entity. For institutions, the code shall be the LEI code. For other entities the code shall be the LEI code, or if not available, a national code. The code shall be unique and used consistently across the templates and across time. The code shall always have a value.

0030

Type of code

The institutions shall identify the type of code reported in column 0020 as a ‘LEI code’ or ‘Non-LEI code’. The type of code shall always be reported.

0040

Contract identifier

The contract identifier of the instrument, such as CUSIP, ISIN or Bloomberg identifier for private placement, shall be reported.

This item is part of the row identifier.

0050

Governing law (third country)

The third country (countries other than the countries of the EEA) the law of which governs the contract, or parts of the contract, shall be indicated.

0060

Contractual recognition of write down and conversion powers

It shall be indicated whether the contract contains the contractual terms referred to in Article 55(1) of Directive 2014/59/EU, Article 52(1), points (p) and (q), and Article 63, points (n) and (o), of Regulation (EU) No 575/2013.

0070 – 0080

Regulatory treatment

0070

Type of own funds or eligible liabilities

Type of own funds or eligible liabilities, as which the instrument qualifies at the reference date. Transitional provisions on the eligibility of instruments shall be taken into consideration. Instruments that qualify for multiple capital classes shall be reported once per applicable capital class.

The type of own funds or eligible liabilities shall be one of the following:

— CET1

— Additional Tier 1

— Tier 2

— Eligible liabilities

0080

Instrument type

The type of instrument to be specified depends on the governing law under which it is issued.

In case of CET1 instruments, the type of instrument shall be selected from the list of CET1 instruments published by the EBA pursuant to Article 26(3) of Regulation (EU) No 575/2013.

In case of own funds other than CET1, and eligible liabilities, the type of instrument shall be selected from a list of corresponding instruments published by EBA, competent authorities or resolution authorities, where such list is available. Where no list is available, the reporting entity shall specify the type of instruments itself.

0090

Amount

The amount recognised in own funds or eligible liabilities shall be reported considering the level the report refers to, in case of instruments included at multiple levels. The amount shall be the amount relevant at the reference date, considering the effect of transitional provisions.

0100 – 0110

Rank in normal insolvency proceedings

The ranking of the instrument in normal insolvency proceedings shall be specified.

It shall consist of the two letter ISO code of the country the law of which governs the ranking of the contract (column 0100), which shall be the law of a Member State, and the number of the relevant insolvency rank (column 0110).

The relevant insolvency rank shall be determined based on the insolvency rankings published by resolution or other authorities, where such a standardised list is available.

0120

Maturity

The maturity of the instrument shall be reported in the following format: dd/mm/yyyy. In case of perpetual instruments, the cell shall be left empty.

0130

(First) Call date

Where the issuer possesses a call option, the first date at which the call can be exercised shall be reported.

If the first call date has occurred prior to the reference date, that date shall be reported if the call is still exercisable. If it is not exercisable anymore, the next date at which the call be exercised shall be reported.

In case of issuer call options with unspecified exercise date or call options triggered by specific events, the conservatively estimated likely call date shall be reported.

Regulatory or tax calls options shall not be considered for the purposes of this column.

0140

Regulatory call (Y/N)

It shall be indicated whether the issuer possesses a call option exercisable upon the occurrence of a regulatory event affecting the eligibility of the contract to MREL.

▼B

ANNEX III

Part I: Single Data Point Model

All data items set out in Annexes I and II shall be transformed into a single data point model which shall be the basis for uniform IT systems of institutions, competent authorities and resolution authorities.

The single data point model shall meet the following criteria:

(a)

it provides a structured representation of all data items set out in Annex I;

(b)

it identifies all the business concepts set out in Annexes I and II;

(c)

it provides a data dictionary identifying table labels, ordinate labels, axis labels, domain labels, dimension labels and member labels;

(d)

it provides metrics which define the property or amount of data points;

(e)

it provides data point definitions that are expressed as a composition of characteristics that univocally identify the concept;

(f)

it contains all the relevant technical specifications necessary for developing IT reporting solutions producing uniform supervisory data.

Part II: Validation rules

The data items set out in Annexes I and II shall be subject to validation rules ensuring data quality and consistency.

The validation rules shall meet the following criteria:

(a)

they define the logical relationships between relevant data points;

(b)

they include filters and preconditions that define a set of data to which a validation rule applies;

(c)

they check the consistency of the reported data;

(d)

they check the accuracy of the reported data;

(e)

they set default values to be applied where the relevant information has not been reported.

ANNEX IV

Standardised presentation of insolvency rankings

National insolvency ranking

Member State:

Rank

( 1 )

Name

Description

Legal basis

Comments

( 1 )

The ranking starts with the most junior ranking instruments and items. If there are less than 20 different insolvency ranks in the jurisdiction, the rows corresponding to the non-existing insolvency ranks shall be left empty

ANNEX V

DISCLOSURE ON MREL/TLAC - TEMPLATES

Template code

Name of the template

EU KM2

Key metrics - MREL and, where applicable, G-SII requirement for own funds and eligible liabilities

EU TLAC1

Composition - MREL and, where applicable, G-SII requirement for own funds and eligible liabilities

EU iLAC

Internal loss absorbing capacity: internal MREL and, where applicable, requirement for own funds and eligible liabilities for non-EU G-SIIs

EU TLAC2

Creditor ranking - Entity that is not a resolution entity

EU TLAC3

Creditor ranking - resolution entity

EU KM2: Key metrics - MREL and, where applicable, G-SII requirement for own funds and eligible liabilities

Minimum requirement for own funds and eligible liabilities (MREL)

G-SII Requirement for own funds and eligible liabilities (TLAC)

T-1

T-2

T-3

T-4

Own funds and eligible liabilities, ratios and components

Own funds and eligible liabilities

EU-1a

Of which own funds and subordinated liabilities

Total risk exposure amount of the resolution group (TREA)

Own funds and eligible liabilities as a percentage of the TREA

EU-3a

Of which own funds and subordinated liabilities

Total exposure measure (TEM) of the resolution group

Own funds and eligible liabilities as percentage of the TEM

EU-5a

Of which own funds or subordinated liabilities

Does the subordination exemption in Article 72b(4) of Regulation (EU) No 575/2013 apply? (5 % exemption)

Aggregate amount of permitted non-subordinated eligible liabilities instruments if the subordination discretion in accordance with Article 72b(3) of Regulation (EU) No 575/2013 is applied (max 3,5 % exemption)

If a capped subordination exemption applies in accordance with Article 72b (3) of Regulation (EU) No 575/2013, the amount of funding issued that ranks pari passu with excluded liabilities and that is recognised under row 1, divided by funding issued that ranks pari passu with excluded liabilities and that would be recognised under row 1 if no cap was applied (%)

Minimum requirement for own funds and eligible liabilities (MREL)

EU-7

MREL expressed as a percentage of the TREA

EU-8

Of which to be met with own funds or subordinated liabilities

EU-9

MREL expressed as a percentage of the TEM

EU-10

Of which to be met with own funds or subordinated liabilities

▼M1

EU TLAC1 – Composition – MREL and, where applicable, G-SII requirement for own funds and eligible liabilities

Minimum requirement for own funds and eligible liabilities (MREL)

G-SII requirement for own funds and eligible liabilities (TLAC)

Memo item: Amounts eligible for the purposes of MREL, but not of TLAC

Own funds and eligible liabilities and adjustments

Common Equity Tier 1 capital (CET1)

Additional Tier 1 capital (AT1)

Empty set in the EU

Tier 2 capital (T2)

Empty set in the EU

Own funds for the purpose of Articles 92a of Regulation (EU) No 575/2013 and 45 of Directive 2014/59/EU

Own funds and eligible liabilities: Non-regulatory capital elements

Eligible liabilities instruments issued directly by the resolution entity that are subordinated to excluded liabilities (not grandfathered)

EU-12a

Eligible liabilities instruments issued by other entities within the resolution group that are subordinated to excluded liabilities (not grandfathered)

EU-12b

Eligible liabilities instruments that are subordinated to excluded liabilities issued prior to 27 June 2019 (subordinated grandfathered)

EU-12c

Tier 2 instruments with a residual maturity of at least one year to the extent they do not qualify as Tier 2 items

Eligible liabilities that are not subordinated to excluded liabilities (not grandfathered pre-cap)

EU-13a

Eligible liabilities that are not subordinated to excluded liabilities issued prior to 27 June 2019 (pre-cap)

Amount of non subordinated eligible liabilities instruments, where applicable after application of Article 72b (3) CRR

Empty set in the EU

Eligible liabilities items before adjustments

EU-17a

Of which subordinated liabilities items

Own funds and eligible liabilities: Adjustments to non-regulatory capital elements

Own funds and eligible liabilities items before adjustments

(Deduction of exposures between multiple point of entry (MPE) resolution groups)

(Deduction of investments in other eligible liabilities instruments)

Empty set in the EU

Own funds and eligible liabilities after adjustments

EU-22a

Of which: own funds and subordinated liabilities

Risk-weighted exposure amount and leverage exposure measure of the resolution group

Total risk exposure amount (TREA)

Total exposure measure (TEM)

Ratio of own funds and eligible liabilities

Own funds and eligible liabilities as a percentage of TREA

EU-25a

Of which own funds and subordinated liabilities

Own funds and eligible liabilities as a percentage of TEM

EU-26a

Of which own funds and subordinated liabilities

CET1 (as a percentage of the TREA) available after meeting the resolution group’s requirements

Institution-specific combined buffer requirement

of which capital conservation buffer requirement

of which countercyclical buffer requirement

of which systemic risk buffer requirement

EU-31a

of which Global Systemically Important Institution (G-SII) or Other Systemically Important Institution (O-SII) buffer

Memorandum items

EU-32

Total amount of excluded liabilities referred to in Article 72a(2) of Regulation (EU) No 575/2013

EU ILAC – Internal loss absorbing capacity: internal MREL and, where applicable, requirement for own funds and eligible liabilities for non-EU G-SIIs

Minimum requirement for own funds and eligible liabilities (internal MREL)

Non-EU G-SII requirement for own funds and eligible liabilities (internal TLAC)

Qualitative information

Applicable requirement and level of application

EU-1

Is the entity subject to a non-EU G-SII requirement for own funds and eligible liabilities? (Y/N)

EU-2

If EU-1 is answered by 'Yes', is the requirement applicable on a consolidated or individual basis? (C/I)

EU-2a

Is the entity subject to an internal MREL? (Y/N)

EU-2b

If EU-2a is answered by 'Yes', is the requirement applicable on a consolidated or individual basis? (C/I)

Own funds and eligible liabilities

EU-3

Common Equity Tier 1 capital (CET1)

EU-4

Eligible Additional Tier 1 capital

EU-5

Eligible Tier 2 capital

EU-6

Eligible own funds

EU-7

Eligible liabilities

EU-8

of which permitted guarantees

EU-9a

(Adjustments)

EU-9b

Own funds and eligible liabilities items after adjustments

Total risk exposure amount and total exposure measure

EU-10

Total risk exposure amount (TREA)

EU-11

Total exposure measure (TEM)

Ratio of own funds and eligible liabilities

EU-12

Own funds and eligible liabilities as a percentage of the TREA

EU-13

of which permitted guarantees

EU-14

Own funds and eligible liabilities as a percentage of the TEM

EU-15

of which permitted guarantees

EU-16

CET1 (as a percentage of the TREA) available after meeting the entity’s requirements

EU-17

Institution-specific combined buffer requirement

Requirements

EU-18

Requirement expressed as a percentage of the TREA

EU-19

of which part of the requirement that may be met with a guarantee

EU-20

Requirement expressed as percentage of the TEM

EU-21

of which part of the requirement that may be met with a guarantee

Memorandum items

EU-22

Total amount of excluded liabilities referred to in Article 72a(2) of Regulation (EU) No 575/2013

▼B

EU TLAC2a: Creditor ranking - Entity that is not a resolution entity

Insolvency ranking

Sum of 1 to n

…

(most junior)

(most senior)

Resolution entity

Other

Resolution entity

Other

…

Resolution entity

Other

Empty set in the EU

Description of insolvency rank (free text)

Liabilities and own funds

of which excluded liabilities

Liabilities and own funds less excluded liabilities

Subset of liabilities and own funds less excluded liabilities that are own funds and eligible liabilities for the purpose of [choose as a appropriate: internal MREL/internal TLAC]

of which residual maturity ≥ 1 year < 2 years

of which residual maturity ≥ 2 year < 5 years

of which residual maturity ≥ 5 years < 10 years

of which residual maturity ≥ 10 years, but excluding perpetual securities

of which perpetual securities

EU TLAC2b: Creditor ranking - Entity that is not a resolution entity

Insolvency ranking

Sum of 1 to n

…

(most junior)

(most senior)

Resolution entity

Other

Resolution entity

Other

…

Resolution entity

Other

Empty set in the EU

Description of insolvency rank (free text)

Empty set in the EU

Own funds and eligible liabilities for the purpose of internal MREL

of which residual maturity ≥ 1 year < 2 years

of which residual maturity ≥ 2 year < 5 years

of which residual maturity ≥ 5 years < 10 years

of which residual maturity ≥ 10 years, but excluding perpetual securities

of which perpetual securities

EU TLAC3a: creditor ranking - resolution entity

Insolvency ranking

Sum of 1 to n

…

(most junior)

(most senior)

Description of insolvency rank (free text)

Liabilities and own funds

of which excluded liabilities

Liabilities and own funds less excluded liabilities

Subset of liabilities and own funds less excluded liabilities that are own funds and liabilities potentially eligible for meeting [choose as a appropriate: MREL/TLAC]

of which residual maturity ≥ 1 year < 2 years

of which residual maturity ≥ 2 year < 5 years

of which residual maturity ≥ 5 years < 10 years

of which residual maturity ≥ 10 years, but excluding perpetual securities

of which perpetual securities

EU TLAC3b: creditor ranking - resolution entity

Insolvency ranking

Sum of 1 to n

…

(most junior)

(most senior)

Description of insolvency rank (free text)

Empty set in the EU

Own funds and liabilities potentially eligible for meeting MREL

of which residual maturity ≥ 1 year < 2 years

of which residual maturity ≥ 2 year < 5 years

of which residual maturity ≥ 5 years < 10 years

of which residual maturity ≥ 10 years, but excluding perpetual securities

of which perpetual securities

▼C1

ANNEX VI

DISCLOSURE ON THE MINIMUM REQUIREMENT FOR OWN FUNDS AND ELIGIBLE LIABILITIES – INSTRUCTIONS

General instructions: Structure and conventions

1.1.

Structure

This framework for disclosures on MREL and TLAC consists of three groups of templates:

(a)

MREL and TLAC of resolution groups and resolution entities;

(b)

MREL and TLAC of non-resolution entities and material subsidiaries of non-EU global systemically important institutions (G-SIIs);

(c)

creditor ranking of issuing entities.

1.2.

Abbreviations

The following abbreviations apply for the purposes of the Annexes to this Regulation:

(a)

‘MREL’ refers to the minimum requirement for own funds and eligible liabilities pursuant to Article 45 of Directive 2014/59/EU;

(b)

‘TLAC’ refers to the requirement for own funds and eligible liabilities for G-SIIs pursuant to Article 92a of Regulation (EU) No 575/2013;

(c)

‘Internal TLAC’ refers to the requirement for own funds and eligible liabilities for non-EU G-SIIs pursuant to Article 92b of Regulation (EU) No 575/2013;

(d)

‘Internal MREL’ refers to the MREL applied to entities that are not themselves resolution entities pursuant to Article 45f of Directive 2014/59/EU.

EU KM2: Key metrics – MREL and, where applicable, G-SII requirement for own funds and eligible liabilities

Entities shall explain in the narrative accompanying the template any material difference between the own funds amounts disclosed and the IFRS 9 fully loaded amount at the resolution group level. They shall also explain any material difference between the IFRS 9 fully loaded amount at the resolution group level compared to the IFRS 9 fully loaded amount at prudential group level.

Columns

Legal references and instructions

Entities shall disclose in this column the relevant information on MREL in accordance with Articles 45 and 45e of Directive 2014/59/EU.

Entities shall disclose the value as of the end of the disclosure period.

b to f

Entities that are G-SIIs subject to the TLAC requirement pursuant to Article 92a of Regulation (EU) No 575/2013 shall disclose in these columns the relevant information on that requirement.

Disclosure periods T, T-1, T-2, T-3 and T-4 are quarterly periods. Entities shall disclose the dates corresponding to the disclosure periods. Entities disclosing this information on a quarterly basis shall provide data for periods T, T-1, T-2, T-3 and T-4; entities disclosing this information on a semi-annual basis shall provide data for periods T, T-2 and T-4; and entities disclosing this information on an annual basis shall provide data for periods T and T-4

Rows

Legal references and instructions

Own funds and eligible liabilities

Equal to the values disclosed in disclosure template EU TLAC1 row 22.

EU-1a

Own funds and eligible liabilities – of which own funds and subordinated liabilities

Equal to the value disclosed in disclosure template EU TLAC1 row EU-22a.

Own funds, eligible liabilities included in the amount of own funds and eligible liabilities pursuant to Article 45b of Directive 2014/59/EU which are subordinated eligible instruments as defined in Article 2(1), point (71b), of that Directive and liabilities included in the amount of own funds and eligible liabilities pursuant to Article 45b(3) of Directive 2014/59/EU. In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU.

Total risk exposure amount (TREA) of the resolution group

Equal to the value disclosed in disclosure template EU TLAC1 row 23.

Article 45(2), point (a), of Directive 2014/59/EU, Article 92(3) of Regulation (EU) No 575/2013.

Own funds and eligible liabilities as a percentage of the TREA

Equal to the values disclosed in disclosure template EU TLAC1 row 25.

For the purposes of this row, the amount of own funds and eligible liabilities that is disclosed in row 1 shall be expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013.

EU-3a

Own funds and eligible liabilities as a percentage of the TREA – of which own funds and subordinated liabilities

Equal to the value disclosed in disclosure template EU TLAC1 row EU-25a.

For the purposes of this row, the amount of own funds and subordinated eligible liabilities that is presented in row EU-1a shall be expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013.

Total exposure measure (TEM) of the resolution group

Equal to the value disclosed in disclosure template EU TLAC1 row 24.

Article 45(2), point (b), of Directive 2014/59/EU, Article 429(4) and Article 429a of Regulation (EU) No 575/2013.

Own funds and eligible liabilities as a percentage of the TEM

Equal to the value disclosed in disclosure template EU TLAC1 row 26.

For the purposes of this row, the amount of own funds and eligible liabilities that is presented in row 1 shall be expressed as a percentage of the total exposure measure calculated in accordance with Article 429(4) and Article 429a of Regulation (EU) No 575/2013.

EU-5a

Own funds and eligible liabilities as a percentage of the TEM – of which own funds and subordinated liabilities

Equal to the value disclosed in disclosure template EU TLAC1 row EU-26a.

For the purposes of this row, the amount of own funds and subordinated eligible liabilities that is presented in row EU-1a shall be expressed as a percentage of the total exposure measure calculated in accordance with Article 429(4) and Article 429a of Regulation (EU) No 575/2013

Does the subordination exemption in Article 72b(4) of Regulation (EU) No 575/2013 apply? (5 % exemption)

This row shall only be disclosed by entities subject to the requirement for own funds and eligible liabilities for G-SIIs.

If the resolution authority permits liabilities to qualify as eligible liabilities instruments in accordance with Article 72b(4) of Regulation (EU) No 575/2013, the reporting entity shall indicate ‘yes’.

If the resolution authority does not permit liabilities to qualify as eligible liabilities instruments in accordance with Article 72b(4) of Regulation (EU) No 575/2013, the resolution group or resolution entity shall indicate ‘no’.

As exemptions in Article 72b(3) and (4) of Regulation (EU) No 575/2013 are mutually exclusive, this row shall be left empty if the reporting entity has filled in row 6b.

This row shall only be disclosed by entities subject to the G-SII requirement for own funds and eligible liabilities.

Aggregate amount of non-subordinated eligible liabilities instruments which the resolution authority has permitted to qualify as eligible liabilities instruments for the purposes of TLAC pursuant to Article 72b(3) of Regulation (EU) No 575/2013.

As exemptions in Article 72b(3) and (4) of Regulation (EU) No 575/2013 are mutually exclusive, this row shall be left empty if the entity indicates ‘yes’ in row 6a.

If a capped subordination exemption applies in accordance with Article 72b(3) of Regulation (EU) No 575/2013, the amount of funding issued that ranks pari passu with excluded liabilities and that is recognised under row 1, divided by funding issued that ranks pari passu with excluded liabilities and that would be recognised under row 1 if no cap was applied (%)

This row shall only be disclosed by entities subject to the G-SII requirement for own funds and eligible liabilities.

This row informs the owners of senior debt issued by the resolution entity about the percentage of non-excluded senior debt that has been considered eligible, so that, where applicable, they will be able to apply the deductions regime set out in Article 72e of Regulation (EU) No 575/2013.

Where a capped subordination exemption applies under Article 72b(3) of Regulation (EU) No 575/2013, entities shall report:

(a) the amount of funding issued that ranks pari passu with excluded liabilities as referred to in Article 72a(2) of Regulation (EU) No 575/2013 and is included in the amount presented in row 1;

(b) divided by the amount of funding issued that ranks pari passu with excluded liabilities as referred to in Article 72a(2) of Regulation (EU) No 575/2013 and that would be recognised under row 1 if no cap was applied.

Minimum requirement for own funds and eligible liabilities (MREL)

EU-7

MREL expressed as a percentage of the TREA

The entity’s minimum requirement for own funds and eligible liabilities as determined by the resolution authority in accordance with Article 45e of Directive 2014/59/EU, expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013.

EU-8

MREL expressed as a percentage of the TREA – of which to be met with own funds or subordinated liabilities

Where applicable, the part of MREL which, pursuant to Article 45b, paragraphs (4) to (8), of Directive 2014/59/EU, the resolution authority has required to be met using own funds, subordinated eligible instruments or liabilities as referred to in paragraph 3 of that Article, expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013.

EU-9

MREL expressed as a percentage of the TEM

The reporting entity’s minimum requirement for own funds and eligible liabilities as determined by the resolution authority in accordance with Article 45e of Directive 2014/59/EU, expressed as a percentage of the total exposure measure calculated in accordance with Article 429(4) and Article 429a of Regulation (EU) No 575/2013.

EU-10

MREL expressed as a percentage of the TEM – of which to be met with own funds or subordinated liabilities

Where applicable, the part of MREL which, pursuant to Article 45b, paragraphs (4) to (8), of Directive 2014/59/EU, the resolution authority has required to be met using own funds, subordinated eligible instruments or liabilities as referred to in paragraph 3 of that Article, expressed as a percentage of the total exposure measure calculated in accordance with Article 429(4) and Article 429a of Regulation (EU) No 575/2013.

EU TLAC 1: Composition – MREL and, where applicable, G-SII requirement for own funds and eligible liabilities

The own funds and eligible liabilities position related to the resolution group shall include only capital instruments and eligible liabilities issued by the resolution entity and, where compliant with Article 45b(3) of Directive 2014/59/EU or Article 88a of Regulation (EU) No 575/2013, as applicable, by subsidiaries of the resolution entity, at the exclusion of entities outside of the resolution group. Similarly, the own funds and eligible liabilities position is based on the total risk exposure amount (adjusted as permitted under Article 45h(2) of Directive 2014/59/EU) and total exposure measure calculated at the level of the resolution group.

Regarding the regulatory adjustments, entities shall disclose deductions from own funds and eligible liabilities as negative numbers and additions to own funds and eligible liabilities as positive numbers.

Columns

Legal references and instructions

Entities shall disclose in this column the relevant information on MREL pursuant to Articles 45 and 45e of Directive 2014/59/EU.

Entities that are G-SIIs subject to a TLAC requirement pursuant to Article 92a of Regulation (EU) No 575/2013 shall disclose in this column the relevant information on that requirement.

This column shall only be filled in by entities subject to the TLAC requirement.

This column shall reflect the difference between amounts applicable in the context of the requirement set out in Article 45 of Directive 2014/59/EU and the amounts applicable in the context of the requirement of Article 92a of Regulation (EU) No 575/2013.

Row

Legal references and instructions

Common Equity Tier 1 Capital (CET1)

CET1 capital of the resolution group, calculated in accordance with Article 50 of Regulation (EU) No 575/2013.

Additional Tier 1 capital (AT1)

AT1 capital of the resolution group, calculated in accordance with Article 61 of Regulation (EU) No 575/2013.

In case of MREL, instruments governed by the law of a third country shall only be included in this row if they meet the requirements set out in Article 55 of Directive 2014/59/EU.

Tier 2 capital (T2)

Tier 2 capital of the resolution group, calculated in accordance with Article 71 of Regulation (EU) No 575/2013.

In case of MREL, instruments governed by the law of a third country shall only be included in this row if they meet the requirements set out in Article 55 of Directive 2014/59/EU.

Own funds for the purposes of Article 92a of Regulation (EU) No 575/2013 and Article 45 of Directive 2014/59/EU

Own funds for the purposes of Article 92a of Regulation (EU) No 575/2013 and Article 45 of Directive 2014/59/EU, to be calculated as row 1 plus row 2 plus row 6.

Eligible liabilities instruments issued directly by the resolution entity that are subordinated to excluded liabilities (not grandfathered)

MREL

Eligible liabilities included in the amount of own funds and eligible liabilities pursuant to Article 45b of Directive 2014/59/EU which are subordinated eligible instruments as defined in Article 2(1), point (71b), of Directive 2014/59/EU and which are issued directly by the resolution entity.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU.

TLAC

Eligible liabilities which comply with all the requirements set out in Articles 72a to 72d of Regulation (EU) No 575/2013, at the exclusion of liabilities permitted to qualify as eligible liability instruments pursuant to Article 72b(3) or (4) of that Regulation, and which are issued directly by the resolution entity.

This row shall neither include the amortised portion of Tier 2 instruments where the remaining maturity is greater than one year (Article 72a(1), point (b), of Regulation (EU) No 575/2013) nor eligible liabilities grandfathered under Article 494b of Regulation (EU) No 575/2013.

EU-12a

Eligible liabilities instruments issued by other entities within the resolution group that are subordinated to excluded liabilities (not grandfathered)

MREL

Eligible liabilities included in the amount of own funds and eligible liabilities pursuant to Article 45b of Directive 2014/59/EU that are issued by subsidiaries and included in MREL in accordance with Article 45b(3) of that Directive.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU.

TLAC

Eligible liabilities which comply with all the requirements set out in Articles 72a to 72d of Regulation (EU) No 575/2013, at the exclusion of liabilities permitted to qualify as eligible liability instruments pursuant to Article 72b(3) or (4) of that Regulation, that are issued by subsidiaries and qualify for inclusion in the consolidated eligible liabilities instruments of an entity pursuant to Article 88a of that Regulation (EU) No 575/2013.

EU-12b

Eligible liabilities instruments that are subordinated to excluded liabilities issued prior to 27 June 2019 (subordinated grandfathered)

MREL

Eligible liabilities that meet the following conditions:

— they have been issued prior to 27 June 2019,

— they are subordinated eligible instruments as defined in Article 2(1), point (71b), of Directive 2014/59/EU,

— they are included in own funds and eligible liabilities as a result of Article 494b(3) of Regulation (EU) No 575/2013.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU.

TLAC

Liabilities that meet the following conditions:

— they have been issued prior to 27 June 2019,

— they comply with Article 72b(2), point (d), of Regulation (EU) No 575/2013,

— they qualify as eligible liabilities as a result of the grandfathering set out in Article 494b(3) of Regulation (EU) No 575/2013.

EU-12c

Tier 2 instruments with a residual maturity of at least one year to the extent they do not qualify as Tier 2 items

Amortised portion of Tier 2 instruments where the remaining maturity is greater than one year (Article 72a(1), point (b), of Regulation (EU) No 575/2013).

Only the amount not recognised in own funds, but meeting all eligibility criteria laid down Article 72b of Regulation (EU) No 575/2013 shall be presented in this row.

In case of MREL, instruments governed by the law of a third country shall only be included in this row if they meet the requirements set out in Article 55 of Directive 2014/59/EU.

Eligible liabilities that are not subordinated to excluded liabilities (not grandfathered pre-cap)

MREL

Liabilities that comply with the conditions set out in Article 45b of Directive 2014/59/EU and that are not wholly subordinated to claims arising from excluded liabilities referred to in Article 72a(2) of Regulation (EU) No 575/2013.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU.

TLAC

Eligible liabilities which comply with the requirements set out in Articles 72a to 72d of Regulation (EU) No 575/2013, except for Article 72b(2), point (d), of that Regulation, and which could be permitted to qualify as eligible liability instruments pursuant to Article 72b(3) of that Regulation or are permitted to qualify as eligible liabilities instruments pursuant to Article 72b(4) of that Regulation.

Where Article 72b(3) of Regulation (EU) No 575/2013 or Article 494(2) of Regulation (EU) No 575/2013 applies, the full amount without application of the 3,5 % and 2,5 % cap respectively shall be disclosed in this row.

This row shall not include any amount recognisable on a transitional basis in accordance with Article 494b(3) of Regulation (EU) No 575/2013.

EU-13a

Eligible liabilities that are not subordinated to excluded liabilities issued prior to 27 June 2019 (pre-cap)

MREL

Eligible liabilities that meet the following conditions:

— they were issued prior to 27 June 2019,

— they comply with the conditions set out in Article 45b of Directive 2014/59/EU and are not wholly subordinated to claims arising from excluded liabilities referred to in Article 72a(2) of Regulation (EU) No 575/2013,

— they qualify as eligible liabilities as a result of the grandfathering set out in Article 494b(3) of Regulation (EU) No 575/2013.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU.

TLAC

Eligible liabilities which meet the following conditions:

— they were issued prior to 27 June 2019,

— they comply with the requirements set out in Articles 72a to 72d of Regulation (EU) No 575/2013, except for Article 72b(2), point (d), of that Regulation, and could be permitted to qualify as eligible liability instruments pursuant to Article 72b(3) of that Regulation or are permitted to qualify as eligible liabilities instruments pursuant to Article 72b(4) of Regulation (EU) No 575/2013,

— they qualify as eligible liabilities as a result of the grandfathering set out in Article 494b(3) of Regulation (EU) No 575/2013.

Amount of non subordinated eligible liabilities instruments, where applicable after the application of Article 72b(3) of Regulation (EU) No 575/2013

MREL

This row shall equal rows 13 plus row EU-13a.

TLAC

Where Article 72b(3) of Regulation (EU) No 575/2013 is applied, this row shows the sum of the amounts disclosed in rows 13 and 13a above after the application of Article 72b(3) and Article 494(2), respectively, of that Regulation.

Where Article 72b(3) of Regulation (EU) No 575/2013 is not applied, but the entity benefits from the application of Article 72b(4) of Regulation (EU) No 575/2013, this row shall equal rows 13 plus row EU-13a.

Eligible liabilities items before adjustments

Eligible liabilities items before adjustments. To be calculated as row 12 plus row EU-12a plus row EU-12b plus row EU-12c plus row 14.

EU-17a

Eligible liabilities items before adjustments – of which subordinated liabilities items

MREL

Eligible liabilities included in the amount of own funds and eligible liabilities pursuant to Article 45b of Directive 2014/59/EU which are subordinated eligible instruments as defined in Article 2(1), point (71b), of that Directive, and liabilities issued by subsidiaries that are included in MREL in accordance with Article 45b(3) of that Directive.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU.

TLAC

This row shall include subordinated liabilities that are eligible as a result of the grandfathering in accordance with Article 494b of Regulation (EU) No 575/2013 and the amortised portion of Tier 2 instruments where remaining maturity is greater than one year (Article 72a(1), point (b), of Regulation (EU) No 575/2013).

To be calculated as row 12 plus row EU-12a plus row EU-12b plus row EU-12c.

Own funds and eligible liabilities items before adjustments

Own funds and eligible liabilities items before adjustments. To be calculated as row 11 plus row 17.

(Deduction of exposures between multiple point of entry (MPE) resolution groups)

Negative amount

Deductions of exposures between MPE G-SII resolution groups, that correspond to direct, indirect or synthetic holdings of own funds instruments or eligible liabilities instruments of one or more subsidiaries which do not belong to the same resolution group as the resolution entity, in accordance with Article 72e(4) of Regulation (EU) No 575/2013.

(Deduction of investments in other eligible liabilities instruments)

Negative amount

TLAC

Deductions of investments in other eligible liabilities instruments in accordance with Article 72e(1),(2) and (3), and Articles 72f to 72j of Regulation (EU) No 575/2013. Amount to be deducted from eligible liabilities items in accordance with Part Two, Title I, Chapter 5a, Section 2, of Regulation (EU) No 575/2013.

MREL and TLAC

This row shall also include amounts covered by a permission to call, redeem, repay or repurchase eligible liabilities instruments in accordance with Article 78a of Regulation (EU) No 575/2013, to the extent the disclosing entity has not yet used up that amount to call, redeem, repay or repurchase instruments.

Own funds and eligible liabilities after adjustments

Own funds and eligible liabilities as defined in Article 72l of Regulation (EU) No 575/2013. To be calculated as row 18 plus row 19 plus row 20.

MREL

The amount of own funds and eligible liabilities counting towards MREL shall be disclosed as the sum of:

(i) own funds as set out in Article 4(1), point (118), and Article 72 of Regulation (EU) No 575/2013;

(ii) eligible liabilities as defined in Article 2(1), point (71a), of Directive 2014/59/EU.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU.

TLAC

The amount of own funds and eligible liabilities counting towards TLAC shall be the amount referred to in Article 72l of Regulation (EU) No 575/2013, consisting of:

(i) own funds as set out in Article 4(1), point (118), and Article 72 of Regulation (EU) No 575/2013;

(ii) eligible liabilities as referred to in Article 72k of Regulation (EU) No 575/2013.

EU-22a

Of which own funds and subordinated liabilities

Own funds and eligible liabilities included in the amount of own funds and eligible liabilities pursuant to Article 45b of Directive 2014/59/EU which are subordinated eligible instruments as defined in Article 2(1), point (71b), of that Directive, and liabilities included in the amount of own funds and eligible liabilities pursuant to Article 45b(3) of Directive 2014/59/EU.

Total risk exposure amount (TREA)

Total risk exposure amount of the resolution group in accordance with Article 18(1), second subparagraph, of Regulation (EU) No 575/2013.

The total risk exposure amount disclosed in this row shall be the total risk exposure amount which is the basis for compliance with the requirements set out in Article 45 of Directive 2014/59/EU or Article 92a of Regulation (EU) No 575/2013, as applicable.

Total exposure measure (TEM)

According to Article 45(2), point (b), of Directive 2014/59/EU, the total exposure measure calculated in accordance with Article 429(4) and Article 429a of Regulation (EU) No 575/2013.

The total exposure measure reported in this row shall be the total exposure measure which is the basis for compliance with the requirements of Article 45 of Directive 2014/59/EU or Article 92a of Regulation (EU) No 575/2013, as applicable.

Own funds and eligible liabilities as a percentage of the TREA

For the purposes of this row, in accordance with Article 45(2), point (a), of Directive 2014/59/EU and Article 92a of Regulation (EU) No 575/2013 , the amount of own funds and eligible liabilities counting towards MREL or TLAC, as applicable, shall be expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013.

To be calculated as row 22 divided by row 23.

EU-25a

Of which own funds and subordinated liabilities

For the purposes of this row, the amount of own funds and subordinated eligible liabilities counting towards MREL shall be expressed as a percentage of the total risk exposure amount calculated in accordance with Article 92(3) of Regulation (EU) No 575/2013.

To be calculated as row 22a divided by row 23.

Own funds and eligible liabilities as a percentage of the TEM

For the purposes of this row, in accordance with Article 45(2), point (b), of Directive 2014/59/EU and Article 92a of Regulation (EU) No 575/2013, the amount of own funds and eligible liabilities counting towards MREL or TLAC, as applicable, shall be expressed as a percentage of the total exposure measure calculated in accordance with Article 429(4) and Article 429a of Regulation (EU) No 575/2013.

To be calculated as row 22 divided by row 24.

EU-26a

Of which own funds and subordinated liabilities

For the purpose of this row, the amount of own funds and subordinated eligible liabilities counting towards MREL shall be expressed as a percentage of the total exposure measure calculated in accordance with Article 429(4) and Article 429a of Regulation (EU) No 575/2013.

To be calculated as row 22a divided by row 24.

CET1 (as a percentage of the TREA) available after meeting the resolution group’s requirements

The amount of CET1, as a percentage of the total risk exposure amount, equal to zero or positive, available after meeting each of the requirements referred to in Article 141a, points (a), (b) and (c), of Directive 2013/36/EU and the higher of:

(a) where applicable, the G-SII requirement for own funds and eligible liabilities laid down in Article 92a of Regulation (EU) No 575/2013, when calculated in accordance with paragraph (1), point (a), of that Article; and

(b) the minimum requirement for own funds and eligible liabilities laid down in Article 45 of Directive 2014/59/EU, when calculated in accordance with paragraph (2), point (a), of that Article.

The disclosed figure shall be identical in both MREL and TLAC columns.

It shall take into account the effect of transitional provisions on the own funds and eligible liabilities, the total risk exposure amount and the requirements themselves. Neither the guidance on additional own funds as referred to in Article 104b of Directive 2013/36/EU nor the combined buffer requirement set out in Article 128, first paragraph, point (6), of that Directive shall be considered.

Institution-specific combined buffer requirement

Institution-specific combined buffer requirement defined in Article 128, first paragraph, point (6), of Directive 2013/36/EU, expressed as a percentage of the total risk exposure amount, applicable to the resolution group in accordance with the first paragraph, point (6), of that Article.

Institution-specific combined buffer requirement – of which capital conservation buffer requirement

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the capital conservation buffer requirement.

Institution-specific combined buffer requirement – of which countercyclical buffer requirement

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the countercyclical buffer requirement.

Institution-specific combined buffer requirement – of which systemic risk buffer requirement

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the systemic risk buffer requirement.

EU-31a

Institution-specific combined buffer requirement – of which Global Systemically Important Institution (G-SII) or Other Systemically Important Institution (O-SII) buffer

The amount of the institution specific combined buffer (expressed as a percentage of the total risk exposure amount) that relates to the G-SII or O-SII buffer requirement.

EU-32

Total amount of excluded liabilities referred to in Article 72a(2) of Regulation (EU) No 575/2013

EU ILAC: Internal loss absorbing capacity: internal MREL and, where applicable, requirement for own funds and eligible liabilities for non-EU G-SIIs (internal TLAC)

This template discloses own funds and eligible liabilities of entities that are not themselves resolution entities for the purposes of the requirement for own funds and eligible liabilities laid down in Article 45f of Directive 2014/59/EU (internal MREL) as well as the requirement for own funds and eligible liabilities for non-EU G-SIIs applicable to material subsidiaries of third country G-SIIs laid down in Article 92b of Regulation (EU) No 575/2013 (internal TLAC).

Columns

Legal references and instructions

Entities shall disclose in this column the relevant information on internal MREL in accordance with Articles 45 and 45f of Directive 2014/59/EU.

Entities that are material subsidiaries of non-EU G-SIIs pursuant to Article 92b of Regulation (EU) No 575/2013 shall disclose in this column the relevant information on internal TLAC in accordance with Article 92b of Regulation (EU) No 575/2013.

Qualitative information related to the applicable requirement and the level of application.

Row

Legal references and instructions

EU-1

Is the entity subject to a non-EU G-SII requirement for own funds and eligible liabilities? (Y/N)

Whether the entity is subject to an internal TLAC requirement pursuant to Article 92b of Regulation (EU) No 575/2013.

EU-2

If EU-1 is answered by ‘Yes’, is the requirement applicable on a consolidated or individual basis? (C/I)

Whether the entity is subject to the internal TLAC requirement on a consolidated or individual basis, pursuant to Article 18 of Regulation (EU) No 575/2013.

Where the requirement is on a consolidated basis, this entire template shall be filled in on a consolidated basis. In all other cases this template shall be filled in on an individual basis.

EU-2a

Is the entity subject to an internal MREL? (Y/N)

Whether the entity is subject to an MREL pursuant to Articles 45 and 45f of Directive 2014/59/EU.

EU-2b

If EU-2a is answered by ‘Yes’, is the requirement applicable on a consolidated or individual basis? (C/I)

Whether the entity is subject to an internal MREL on a consolidated or individual basis.

Where the requirement is on a consolidated basis, this entire template shall be filled in on a consolidated basis. In all other cases this template shall be filled in on an individual basis.

EU-3

Common Equity Tier 1 capital (CET1)

Article 50 of Regulation (EU) No 575/2013

CET1 capital, on an individual or consolidated basis, where applicable, in accordance with Article 50 of Regulation (EU) No 575/2013.

EU-4

Eligible Additional Tier 1 capital

Article 61 of Regulation (EU) No 575/2013

Additional Tier 1 instruments shall only be considered where they fulfil the criteria set out in Article 92b of Regulation (EU) No 575/2013 and in Article 45f(2), point (b)(ii), of Directive 2014/59/EU.

In case of internal MREL, instruments referred to in Article 89(2), fourth subparagraph, of Directive 2014/59/EU shall be included where that paragraph applies. Instruments governed by the law of a third country shall only be included if they meet the requirements set out in Article 55 of Directive 2014/59/EU.

EU-5

Eligible Tier 2 capital

Article 71 of Regulation (EU) No 575/2013

Tier 2 instruments shall only be considered where they fulfil the criteria set out in Article 92b of Regulation (EU) No 575/2013 and in Article 45f(2), point (b)(ii), of Directive 2014/59/EU.

EU-6

Eligible own funds

Sum of CET1 capital, eligible Additional Tier 1 capital and eligible Tier 2 capital.

EU-7

Eligible liabilities

Internal MREL

Eligible liabilities which fulfil the conditions set out in Article 45f(2) of Directive 2014/59/EU, considering also, where applicable, Article 89(2), fourth subparagraph, of that Directive.

In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU.

Where the resolution authority of the subsidiary permits the entity to meet the internal MREL with guarantees, the amount of guarantees that are provided by the resolution entity and fulfil all the conditions set out in Article 45f(5) of Directive 2014/59/EU shall be included in this row as well.

Internal TLAC

The amount of eligible liabilities shall be calculated in accordance with Article 72k of Regulation (EU) No 575/2013 where those liabilites fulfil the conditions set out in Article 92b(2) of that Regulation.

EU-8

Eligible liabilities – of which permitted guarantees

EU-9a

(Adjustments)

Negative amount

The following adjustments shall be disclosed in this row:

— holdings of own funds instruments and eligible liabilities instruments that are to be deducted in accordance with Article 72e(5) of Regulation (EU) No 575/2013 or Article 45c(2a), fifth subpararaph, of Directive 2014/59/EU,

— amounts covered by a permission to call, redeem, repay or repurchase eligible liabilities instruments in accordance with Article 78a of Regulation (EU) No 575/2013, to the extent the reporting entity has not yet used up that amount to call, redeem, repay or repurchase instruments (‘unused prior permission amounts’)

EU-9b

Own funds and eligible liabilities items after adjustments

Internal MREL

Amounts of eligible own funds and eligible liabilities of the entity, net of adjustments, counting towards internal MREL as set out in Article 45f(2) of Directive 2014/59/EU, considering also, where applicable, Article 89(2), fourth subparagraph, of that Directive. In case of instruments governed by the law of a third country, the instrument shall only be included in this row if it meets the requirements set out in Article 55 of Directive 2014/59/EU.

To be calculated as row EU-6 plus row EU-7 plus row EU-9a.

Internal TLAC

Eligible own funds and eligible liabilities counting towards the requirement for own funds and eligible liabilities for non-EU G-SIIs as set out in Article 92b(2) of Regulation (EU) No 575/2013. To be calculated as row EU-6 plus row EU-7.

EU-10

Total risk exposure amount (TREA)

Total risk exposure amount of the individual entity or of the consolidated group at the level of which the requirements have been set, as applicable, in accordance with Article 18(1), second subparagraph, of Regulation (EU) No 575/2013.

The total risk exposure amount reported in this row shall be the total risk exposure amount which is the basis for compliance with the requirements of Article 45 of Directive 2014/59/EU or Article 92b of Regulation (EU) No 575/2013, as applicable.

EU-11

Total exposure measure (TEM)

Total exposure measure (denominator of leverage ratio), of the individual entity or of the consolidated group at the level of which the requirements have been set, as applicable, in accordance with Article 429(4) and Article 429a of Regulation (EU) No 575/2013.

The total exposure measure reported in this row shall be the total exposure measure which is the basis for compliance with the requirements set out in Article 45 of Directive 2014/59/EU or in Article 92b of Regulation (EU) No 575/2013, as applicable.

EU-12

Own funds and eligible liabilities as a percentage of the TREA

Own funds and eligible liabilities ratio, as a percentage of the total risk exposure amount.

To be calculated as row EU-9b divided by row EU-10.

EU-13

Own funds and eligible liabilities as a percentage of the TREA – of which permitted guarantees

Where the resolution authority of the subsidiary permits the entity to meet the internal MREL with guarantees, the amount of the guarantees that are provided by the resolution entity and comply with the conditions set out in Article 45f(5) of Directive 2014/59/EU, as a percentage of the total risk exposure amount.

To be calculated as row EU-8 divided by row EU-10.

EU-14

Own funds and eligible liabilities as a percentage of the TEM

Own funds and eligible liabilities ratio, as a percentage of the total exposure measure.

To be calculated as row EU-9b divided by row EU-11.

EU-15

Own funds and eligible liabilities as a percentage of the TEM – of which permitted guarantees

To be calculated as row EU-8 divided by row EU-11.

EU-16

CET1 (as a percentage of the TREA) available after meeting the entity’s requirements

The amount of CET1, equal to zero or positive, available after meeting each of the requirements referred to in Article 141a, points (a), (b) and (c), of Directive 2013/36/EU and the higher of:

(a) where applicable, the non EU G-SII requirement for own funds and eligible liabilities pursuant to Article 92b of Regulation (EU) No 575/2013 when calculated in accordance with Article 92b(1) of Regulation (EU) No 575/2013 as 90 % of the requirement of Article 92a(1), point (a), of that Regulation; and

(b) the minimum requirement for own funds and eligible liabilities pursuant to Article 45f of Directive 2014/59/EU, when calculated in accordance with Article 45(2), point (a), of that Directive.

The disclosed figure shall be identical in both the MREL and TLAC columns.

It shall take into account the effect of transitional provisions on the own funds and eligible liabilities, the total risk exposure amount and the requirements themselves. Neither the guidance on additional own funds as referred to in Article 104b of Directive 2013/36/EU nor the combined buffer requirement set out in Article 128, first paragraph, point (6), of that Directive shall be considered.

EU-17

Institution-specific combined buffer requirement

Institution-specific combined buffer requirement defined in Article 128, first paragraph, point (6), of Directive 2013/36/EU, expressed as a percentage of the total risk exposure amount, applicable to the entity in accordance with Article 128, first paragraph, point (6), of Directive 2013/36/EU.

EU-18

Requirement expressed as a percentage of the TREA

Internal MREL

Requirement for own funds and eligible liabilities applicable to the entity in accordance with Article 45f of Directive 2014/59/EU, expressed as a percentage of the total risk exposure amount (at individual or at consolidated level, as applicable).

Internal TLAC

Requirement set out in Article 92b of Regulation (EU) No 575/2013, expressed as a percentage of the total risk exposure amount (at individual or at consolidated level, as applicable).

EU-19

Requirement expressed as a percentage of the TREA – of which part of the requirement that may be met with a guarantee

Where applicable, part of the requirement for own funds and eligible liabilities expressed as a percentage of the total risk exposure amount which can be met with a guarantee provided by the resolution entity in accordance with Article 45f(5) of Directive 2014/59/EU.

EU-20

Requirement expressed as a percentage of the TEM

Internal MREL

Requirement for own funds and eligible liabilities applicable to the entity in accordance with Article 45f of Directive 2014/59/EU, expressed as a percentage of the total exposure measure (at individual or at consolidated EU parent undertaking level, as applicable).

Internal TLAC

Requirement set out in Article 92b of Regulation (EU) No 575/2013, expressed as a percentage of the total exposure measure (at individual or at consolidated level, as applicable).

EU-21

Requirement expressed as a percentage of the TEM – of which part of the requirement that may be met with a guarantee

Where applicable, part of the requirement for own funds and eligible liabilities expressed as a percentage of the total exposure measure which can be met with a guarantee provided by the resolution entity, in accordance with Article 45f(5) of Directive 2014/59/EU.

EU-22

Total amount of excluded liabilities referred to in Article 72a(2) of Regulation (EU) No 575/2013

EU TLAC2: Creditor ranking – entities that are not resolution entities themselves

The information included in template EU TLAC2 is disclosed at the level of the individual entity.

Template EU TLAC2 exists in two versions, EU TLAC2a and EU TLAC2b. TLAC2a captures all funding that is pari passu or junior to MREL-eligible instruments, including own funds and other capital instruments. EU TLAC2b captures only own funds and liabilities eligible to meet the requirement set out in Article 45 of Directive 2014/59/EU in accordance with Article 45f of that Directive.

10.

In accordance with Article 13(2) of this Regulation, entities that are not subject to the obligation to comply with the requirement of Article 92b of Regulation (EU) No 575/2013, but are subject to the obligation to comply with the requirement set out in Article 45 of Directive 2014/59/EU in accordance with Article 45f of that Directive can choose whether they use EU TLAC2a or EU TLAC2b to comply with the disclosure requirement set out in Article 45i(3), point (b), of Directive 2014/59/EU.

11.

From the date of application of Article 45i(3) of Directive 2014/59/EU, issuing entities shall disclose under template TLAC2a liabilities potentially eligible for meeting the internal MREL and internal TLAC requirements. Before that date, issuing entities shall disclose liabilities potentially eligible for meeting the internal TLAC requirement.

12.

The outstanding amounts referred to in the rows have to be broken down into insolvency ranks on the basis of the insolvency law of the issuing entity, irrespective of the governing law of the instrument.

13.

Insolvency rankings shall be those communicated by the competent resolution authority in compliance with the standardised presentation specified in Article 8 of this Regulation.

14.

The ranks are presented from the most junior to the more senior. Columns for ranks have to be added until the most senior ranking potentially eligible instruments have been disclosed.

15.

The amount attributable to each rank is further broken down into amounts owned by the resolution entity, including amounts owned directly or indirectly by the resolution entity through entities along the chain of ownership, where applicable; and other amounts not owned by the resolution entity, where applicable. The total amount of each row is filled into the last column of each row.

Rows

Legal references and instructions

Empty set in the EU

Description of insolvency rank (free text)

The number of insolvency ranks (n) in the creditor hierarchy will depend on the set of liabilities of the issuing entity. The description should include a specification of the types of claims that are within that insolvency rank (e.g. CET1, Tier 2 instruments).

There is one column for each insolvency rank where the amount is held entirely by the resolution entity, including amounts owned directly or indirectly by the resolution entity through entities along the chain of ownership, where applicable, and a second column where a part of the amount per rank is also held by owners that are not the resolution entity.

Liabilities and own funds

The amount of own funds, eligible liabilities and liabilities ranking lower than or pari passu with own funds or eligible liabilities.

This shall include also liabilities excluded from bail-in.

This row is not applicable in template EU TLAC2b.

Liabilities and own funds – of which excluded liabilities

Breakdown of the liabilities excluded pursuant to Article 72a(2) of Regulation (EU) No 575/2013 or Article 44(2) of Directive 2014/59/EU and, where applicable, Article 44(3) of Directive 2014/59/EU.

This row is not applicable in template EU TLAC2b.

Liabilities and own funds less excluded liabilities

Liabilities and own funds net of excluded liabilities.

This row is not applicable in template EU TLAC2b.

Subset of liabilities and own funds less excluded liabilities that are own funds and eligible liabilities for the purpose of internal MREL/internal TLAC

Breakdown of the amount of own funds and eligible liabilities for the purpose of internal MREL or for the purpose of internal TLAC, as applicable in accordance with paragraph 11 above.

Of which residual maturity ≥ 1 year < 2 years

Subset of row 6 with the relevant residual maturity.

Of which residual maturity ≥ 2 year < 5 years

Subset of row 6 with the relevant residual maturity.

Of which residual maturity ≥ 5 years < 10 years

Subset of row 6 with the relevant residual maturity.

Of which residual maturity ≥ 10 years, but excluding perpetual securities

Subset of row 6 with the relevant residual maturity.

Of which perpetual securities

Subset of row 6 that are perpetual securities.

EU TLAC3: Creditor ranking – resolution entity

16.

The information included in template EU TLAC3 is disclosed at the level of the individual entity.

17.

Template EU TLAC3 exists in two versions, EU TLAC3a and EU TLAC3b. EU TLAC3a captures all funding that is pari passu or junior to instruments potentially eligible for MREL, including own funds and other capital instruments. Amounts that are ineligible solely as a result of subordination requirements shall be included in full in the row corresponding to the relevant insolvency rank, i.e. without applying the caps. EU TLAC3b captures only own funds and liabilities eligible to meet the requirement set out in Article 45 of Directive 2014/59/EU in accordance with Article 45e of that Directive.

18.

In accordance with Article 14(2) of this Regulation, entities that are not subject to the obligation to comply with the requirement of Article 92a of Regulation (EU) No 575/2013, but are subject to the obligation to comply with the requirement set out in Article 45 of Directive 2014/59/EU in accordance with Article 45e of that Directive can choose whether they use EU TLAC3a or EU TLAC3b to comply with the disclosure requirement set out in Article 45i(3), point (b), of Directive 2014/59/EU.

19.

From the date of application of Article 45i(3) of Directive 2014/59/EU, issuing entities shall disclose under template EU TLAC3a liabilities potentially eligible for meeting the MREL and TLAC requirements. Before that date, issuing entities shall disclose liabilities potentially eligible for meeting the internal TLAC requirement.

20.

The outstanding amounts referred to in rows 2 to 10 have to be broken down into insolvency rank on the basis of the insolvency law of the issuing entity, irrespective of the governing law of the instrument.

21.

The insolvency ranks shall be those communicated by the competent resolution authority in compliance with the standardised presentation specified in the relevant reporting template.

22.

The ranks are presented from the most junior to the more senior. Columns for ranks have to be added until the most senior ranking potentially eligible instruments have been disclosed.

Rows

Legal references and instructions

Description of insolvency rank (free text)

The number of insolvency ranks (n) in the creditor hierarchy will depend on the set of liabilities of the entity. There is one column for each insolvency rank. The description should include a specification of the types of claims that are within that insolvency rank (e.g. CET1, Tier 2 instruments).

Liabilities and own funds

The amount of own funds, eligible liabilities and liabilities ranking lower than or pari passu with own funds or eligible liabilities.

This shall include also liabilities excluded from bail-in.

This row is not applicable in template EU TLAC3b.

Liabilities and own funds – of which excluded liabilities

Breakdown of the liabilities excluded pursuant to Article 72a(2) of Regulation (EU) No 575/2013 or Article 44(2) of Directive 2014/59/EU and, where applicable, Article 44(3) of that Directive.

This row is not applicable in template EU TLAC3b.

Liabilities and own funds less excluded liabilities

Liabilities and own funds net of excluded liabilities.

This row is not applicable in template EU TLAC3b.

Subset of liabilities and own funds less excluded liabilities that are own funds and liabilities potentially eligible for meeting MREL/TLAC

Breakdown of the amount of own funds and liabilities eligible for the purposes of MREL or for the purposes of TLAC, as applicable in accordance with paragraph 19 above, without application of the caps on the recognition of non-subordinated liabilities.

Of which residual maturity ≥ 1 year < 2 years

Subset of row 5 with the relevant residual maturity.

Of which residual maturity ≥ 2 year < 5 years

Subset of row 5 with the relevant residual maturity.

Of which residual maturity ≥ 5 years < 10 years

Subset of row 5 with the relevant residual maturity.

Of which residual maturity ≥ 10 years, but excluding perpetual securities

Subset of row 5 with the relevant residual maturity.

Of which perpetual securities

Subset of row 5 that are perpetual securities.

(

) Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (OJ L 176, 27.6.2013, p. 338).

(

) Commission Delegated Regulation (EU) No 241/2014 of 7 January 2014 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for Own Funds requirements for institutions (OJ L 74, 14.3.2014, p. 8, ELI: http://data.europa.eu/eli/reg_del/2014/241/oj ).

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