Question ID: 3066
Regulation Reference: (EU) 2022/2454 - ITS with regard to supervisory reporting of risk concentrations and intra-group transactions (FICOD
Topic: Reporting templates on risk concentrations and intra-group transactions for conglomerates (FICOD)
Article: Annex II
Template: FC.07
Status: Final
Date of submission: 03 Apr 2024
Question
How to report public sector and financial sector concentration in template (template FC07-00)?
Background of the question
Instruction under regulation 2022/2454 is not clear on whether the exposure to public and financial sector shall be allocated in accordance with NACE codes or otherwise (e.g. sectoral rules).
EIOPA answer
Based on the regulation 2022/2454 “The ‘sector’ shall present the split between the following sectors: — public sector — financial sector — corporate sector divided by the NACE code (the first level of hierarchy - the letter)”. The public sector and financial sector shall also be reported based on the NACE code (the first level of hierarchy - the letter), respectively:
K - Financial and insurance activities
O - Public administration and defense; compulsory social security