Validation BV547 states that the “Other basic own fund items” line in the reconciliation reserve section of the S.23.01 template should equal the sum of specified lines from the listing of basic own fund items shown at the top of the template. The minority interests line is excluded from this list.

However, minority interests must be included in order for its value to not be double counted in the basic own funds before deduction for participations in other financial sector section of the template.