Question
FINREP table F 06.00 asks breakdown of loans and advances to non-financial corporations by NACE codes. Yet there is no NACE code K (Financial and insurance activities). It is obvious that most of the corporations falling under NACE code K are actually financial corporations with sector code S.12. However, there exist non-financial corporations with sector code S.11 with NACE code K. We ask for clarification if those loans should be reported here or not.
Background on the question
Reporting of non-financial corporations with current NACE code K
Answer
Financial and non-financial entities are defined in FINREP instructions (Annex V of Regulation (EU) No 680/2014 13 ITS on supervisory reporting of institutionsDraft ITS on Supervisory Reporting). All entities carrying out activities listed in the NACE code K can be classified as financial institutions for FINREP purposes. It is therefore not necessary to include an additional row for NACE code K in this template, which is aimed only at non-financial corporations. *As of 1/8/2014 the content of this answer was modified to reflect the publication of the final ITS on supervisory reporting of institutions in the Official Journal of the European Union. As a result, the references to the ITS were updated and the disclaimer deleted. For reasons of transparency, revisions are highlighted in track changes.