Question
What should be reported in {LR5;040;1} in case of brokerage houses?
Background on the question
Brokerage activity does not match with either of: Universal banking (retail/commercial and investment banking) Retail/commercial banking Investment banking Specialised lender
Answer
According to the instructions on {r040, c010} of template C 44.00 (LR5) of Annex X to Regulation (EU) No 680/2014 (ITS on Supervisory Reporting) as provided in Annex XI thereto, the institution shall classify its institution type in row 040 of template C 44.00 of Annex X to the ITS on Supervisory Reporting according to the categories given below: - Universal banking (retail/commercial and investment banking) - Retail/commercial banking - Investment banking - Specialised lender To take account of activities not covered by the four categories above, including ‘Brokerage activity’, a fifth category ‘other’ will be created and incorporated into a future version of the ITS on Supervisory Reporting. In the meantime, reporting institutions whose business cannot be assigned to one of the categories above should leave the cell blank.