Question ID: 2936
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Template: S.06.02
Status: Final
Date of submission: 14 Dec 2023
Question
From taxonomy 2.8 onwards, a 4-digit NACE code must be provided in the 'Issuer Sector' field of S.06.02 and S.11.01. This code is not always available in the market. This can happen, for example, if a company has activities in multiple (sub)sectors. How should the provision of a 4-digit code be handled in these cases? For example, is it allowed to report the first 4-digit code from the NACE list that corresponds to the available 2- or 3-digit code that is available?
EIOPA answer
Please provide the code that would align to the principal activity of those entities as described in point III.a and the Annex I of the NACE Rev. 1 Statistical classification of economic activities in the European Community (https://ec.europa.eu/eurostat/documents/3859598/8634073/CA-80-93-436.pdf/bd973dfc-cb58-478e-ae7f-2b0b5763a491?t=1517396135000#page=24) and later reinforced in Rev. 2 (Introductory_guidelines_EN_1.1.DOC (europa.eu)), or if not possible, please reuse the solution described in the list of known issues no 203 and report using code for 'other'.