PRA MREL reporting under supervisory statement 19/13: Instructions and templates

Own funds and eligible liabilities

005

AT1 capital instruments that qualify to count towards MREL

AT1 capital instruments that meet the MREL eligibility criteria as set out in the MREL SoP and qualify to count towards MREL in accordance with the MREL SoP.

030

Tier 2 capital instruments that qualify to count towards MREL

Tier 2 capital instruments that meet the MREL eligibility criteria as set out in the MREL SoP and qualify to count towards MREL in accordance with the MREL SoP. For the breakdown across the maturity profile buckets, please adhere to the following:

• Where the residual maturity of a Tier 2 capital instrument is at least one year (and provided that the instrument qualifies for MREL), in accordance with the MREL SoP Annex 1 paragraph 6b, the full amount may contribute to MREL resources, even if the instrument is partially derecognised in regulatory capital via the requirement to amortise the instrument in the five years before maturity. The full (total) amount should therefore be reported in this template across the relevant maturity profile buckets.
• ‘Less than one year’ - In accordance with the MREL SoP Annex 1 paragraph 6b, once a Tier 2 capital instrument has reached a residual maturity of less than one year and provided not rendered ineligible to meet MREL by any other provision of the MREL SoP including Annex 1, only the residual amortising Tier 2 capital may contribute to MREL resources and should be reported under the maturity profile ‘less than one year’.

050

MREL contractually or statutorily subordinated eligible liabilities (senior non-preferred)

MREL eligible liabilities issued by the institution that are senior to Tier 2 capital and contractually or statutorily junior to senior unsecured liabilities of the institution. In accordance with the MREL SoP Annex 1 paragraph 6a, MREL eligible liabilities must have a remaining residual maturity of at least one year.

060

MREL senior unsecured eligible liabilities (holding company issued senior)

MREL eligible liabilities issued by the institution, that are not own funds and that are not contractually or statutorily subordinated to senior liabilities of the institution. In accordance with the MREL SoP Annex 1 paragraph 6a, MREL eligible liabilities must have a remaining residual maturity of at least one year.

070

Liabilities that do not qualify for MREL but which rank pari passu with any MREL resources

Liabilities that do not qualify to count towards MREL due to not meeting all of the applicable criteria set out in the MREL SoP including Annex 1, but which rank pari passu with any MREL resources. The amount reported should exclude liabilities with a residual maturity of less than one year that previously qualified to count towards MREL in accordance with the MREL SoP.

073

Liabilities that do not qualify for external MREL, calculated as a proportion of external MREL resources where the ratio exceeds 2.5%

In accordance with the MREL SoP paragraph 6.3, the sum of an institution’s liabilities that do not qualify as external MREL (excluding liabilities with a residual maturity of less than one year that previously qualified to count towards MREL) should not exceed 5% of the institution’s overall external MREL resources. Should this ratio exceed 2.5%, the figure should be reported in this row. If this ratio is below 2.5%, then please enter a value of 0.

075

Liabilities that do not qualify for internal MREL, calculated as a proportion of internal MREL resources where the ratio exceeds 2.5%

In accordance with the MREL SoP paragraph 8.3, an institution may issue internal MREL instruments as senior liabilities, provided that the sum of all liabilities that do not qualify as internal MREL (excluding liabilities with a residual maturity of less than one year that previously qualified to count towards MREL) does not exceed 5% of the institution’s overall internal MREL resources. Should this ratio exceed 2.5%, the figure should be reported in this row. If this ratio is below 2.5%, then please enter a value of 0.

077

For any creditor class, does the ratio of liabilities that do not qualify for external MREL, calculated as a proportion of external MREL resources in the same creditor class, exceed 10%?

In accordance with the MREL SoP paragraph 6.3, the sum of an institution’s liabilities that do not qualify as external MREL in each creditor class in the insolvency creditor hierarchy (excluding liabilities with a residual maturity of less than one year that previously qualified to count towards MREL) should not exceed 10% of the institution’s overall external MREL resources in the same creditor class. If this amount is greater than 10% for one or more of each of the creditor classes, please select ‘Yes, greater than 10%’. If this amount is equal to or less than 10% for each of the creditor classes, please select ‘No, all creditor classes equal to or less than 10%.

Stylised example:

079

For any creditor class, does the ratio of liabilities that do not qualify for internal MREL, calculated as a proportion of internal MREL resources in the same creditor class, exceed 10%?

In accordance with the MREL SoP paragraph 8.3, an institution may issue internal MREL instruments as senior liabilities, provided that the sum of all liabilities that do not qualify as internal MREL in each creditor class in the insolvency creditor hierarchy (excluding liabilities with a residual maturity of less than one year that previously qualified to count towards MREL) does not exceed 10% of the institution’s overall internal MREL resources in the same creditor class. If this amount is greater than 10% for one or more of each of the creditor classes, please select ‘Yes, greater than 10%’. If this amount is equal to or less than 10% for each of the creditor classes, please select ‘No, all creditor classes equal to or less than 10%’.

Stylised example:

080

Total MREL resources

Total MREL resources of the institution reported on.

085

Shares that do not qualify for CET1

Ordinary or other shares that do not qualify for CET1.

160

AT1 capital instruments that do not qualify for MREL

AT1 capital instruments that qualify for own funds but do not meet MREL eligibility criteria set out in the MREL SoP and do not qualify to count towards MREL in accordance with the MREL SoP.

Deductions from MREL resources

090

For multiple point of entry (MPE) resolution groups only: exposures to other resolution groups or entities or sub-groups, that correspond to MREL eligible liabilities instruments.

Unless reported under row 140, any MREL eligible liabilities instruments or equivalent instruments in which the institution has invested and issued from other resolution groups or entities or sub-groups located outside resolution groups.

100

Institution’s holdings of MREL eligible liabilities instruments issued by the institution itself.

Any direct, indirect, and synthetic own holdings of eligible liabilities instruments issued by the institution itself, including those that the institution could be obliged to purchase under existing contractual obligations, and held by the institution at the reporting date. The amount to be reported shall be calculated based on the gross long positions, subject to the exceptions set out within the MREL SoP Annex 2 Section 2.

110

Institution’s holdings of MREL eligible liabilities instruments of other entities with reciprocal cross-holdings.

Any direct, indirect and synthetic own holdings of eligible liabilities instruments of other entities which are the subject of reciprocal cross holdings entered into by the institution. The amount to be reported shall be calculated based on the gross long positions.

120

Institution’s holdings of MREL eligible liabilities instruments of G-SIB entities without significant investment in those entities.

Any direct, indirect and synthetic holdings of eligible liabilities instruments of G-SIB entities, where the institution does not have a significant investment (as defined in Article 43 of the Own Funds (CRR) Part of the PRA’s Rulebook) in those entities. The amount to be reported shall be calculated in accordance with the MREL SoP Annex 2 Section 5 based on the gross long positions, subject to the exceptions set out within Sections 4 and 5 (including, where applicable, Section 7).

130

Of which held in the trading book for no longer than 30 business days, without significant investment.

The amount entered should reflect the direct, indirect and synthetic holdings in the trading book of eligible liabilities instruments of G-SIB entities that the institution has chosen not to deduct and that, in aggregate and based on gross long positions, are less than or equal to 5% of CET1 (subject to the conditions set out within the MREL SoP Annex 2 Section 6).

140

Institution’s holdings of MREL eligible liabilities instruments of G-SIB entities in which the institution has a significant investment.

Any direct, indirect and synthetic holdings of eligible liabilities instruments of G-SIB entities, in which the institution has a significant investment (as defined in Article 43 of the Own Funds (CRR) Part of the PRA’s Rulebook), but excluding underwriting positions held for five business days or fewer. The amount to be reported shall be calculated based on the gross long positions, subject to the exceptions set out within the MREL SoP Annex 2 Sections 4 and 5 (including, where applicable, Section 7). In the case of holdings of the ultimate parent of a G-SIB that is an MPE banking group of eligible liabilities instruments issued by a subsidiary, the amount to be reported shall be subject to any reduction permitted by the Bank when applying MREL SoP Annex 2 Section 1(3).

143

Of which held in the trading book for no longer than 30 business days, with significant investment.

The amount entered should reflect the direct, indirect and synthetic holdings in the trading book of eligible liabilities instruments of G-SIB entities that the institution has chosen not to deduct and that, in aggregate and based on gross long positions, are less than or equal to 5% of CET1 (subject to the conditions set out within the MREL SoP Annex 2 Section 6).

010

Less than one year – nominal

The nominal outstanding amount with a residual effective maturity of less than one year.

020

One year and greater, less than two years - nominal

The nominal outstanding amount with a residual effective maturity equal to one year and greater, and less than two years.

030

Two years and greater, less than five years - nominal

The nominal outstanding amount with a residual effective maturity equal to two years and greater, and less than five years.

040

Five years and greater - nominal

The nominal outstanding amount with a residual effective maturity equal to five years and greater.

050

Perpetual - nominal

The nominal outstanding amount which does not have a fixed maturity, such as equity and AT1 instruments.

060

Calculated amount that does not have maturity - nominal

The nominal outstanding amount with no maturity, such as minority interest deductions.

070

Current reporting aggregate – nominal

The aggregate nominal outstanding amount across all maturity profile buckets.

080

Less than one year – accounting

The accounting amount with a residual effective maturity less than one year.

090

One year and greater, less than two years – accounting

The accounting amount with a residual effective maturity equal to one year and greater, and less than two years.

100

Two years and greater, less than five years – accounting

The accounting amount with a residual effective maturity equal to two years and greater, and less than five years.

110

Five years and greater – accounting

The accounting amount with a residual effective maturity equal to five years and greater.

120

Perpetual – accounting

The accounting amount which does not have a fixed maturity, such as equity and AT1 instruments.

130

Calculated amount that does not have maturity – accounting

The accounting amount with no maturity, such as minority interest deductions.

140

Current reporting aggregate – accounting

The aggregate accounting amount across all maturity profile buckets.

010

Issuer name

The full name of the legal entity in the group which issued the instrument.

020

Identification of the issuer

The Legal Entity Identifier (LEI) code of the issuing entity. LEI is a 20-character, alphanumeric code, to uniquely identify legally distinct entities that engage in financial transactions. Firms should provide the LEI as default.

Where an LEI does not exist, firms should use a specific code (SC) (ie this may be a non-LEI identification code). If an SC is used it must be consistent from one reporting period to the next. SCs must be completed by using the ‘SC/’ prefix followed by the relevant code ie SC/123456ABC (an example of SC).

023

Does the instrument qualify for MREL?

Please indicate with a Yes/No whether the instrument meets all of the eligibility criteria set out within the MREL SoP and therefore qualifies for MREL in accordance with the MREL SoP.

026

Jurisdiction in which the issuer is established

The jurisdiction in which the issuer of the instrument is established.

030

Governing Law

The principal governing law of the contractual terms of the instrument.

040

Contractual recognition of non-UK law governed instruments

For instruments governed principally by non-UK law,^{footnote [4]} whether externally or internally issued, please indicate with Yes/No whether (as required by paragraph 5.7 of the MREL SoP and/or the Contractual Recognition of Bail-In Part of the PRA Rulebook (as applicable)):

• the instrument contains a contractual bail‐in clause or is subject to an equivalent statutory provision for cross-border recognition of resolution actions; and
• a legal opinion has been obtained at the time of the instrument’s issuance, from an appropriately qualified external source, on the effectiveness under the relevant non-UK governing law of a decision by the Bank to convert or write down the instrument.

If the instrument is governed by UK law, please select ‘The instrument is governed by UK law’.

045

Contractual/prospectus reference to the exercise of the Bank of England’s write-down and conversion powers

Please indicate with Yes/No whether the relevant contractual documentation and, where applicable, the prospectus related to the issuance explicitly refer to the write-down and conversion powers of the Bank of England under the Banking Act 2009, as referred to in Annex 1 paragraph 1(m) of the MREL SoP.

050

External or Internal issuance

Whether the instrument is issued to an external third party or internally within the group.

060

For internal issuances only: Name of the entity which holds the intra-group instrument

Name of the entity which holds the intra‐group instrument.

070

For internal issuances only: Identification of the entity which holds the intra-group instrument

LEI code of the entity which holds the intra-group instrument. Firms should provide the LEI as default. Where an LEI does not exist, firms should use an SC.

080

For internal issuances only: Amount of instrument held by the entity concerned

The nominal value of the instrument held by the entity concerned. If an external issuance, please enter a value of 0.

090

Stock Exchange

The stock exchange where the instrument is listed.

100

Date of Issuance

The original date of issuance of the instrument. If there is no date of issuance, please enter 01/01/1900.

110

Maturity type

The type of maturity of the instrument. Please choose from the following:

• Not applicable/All time intervals
• Perpetual
• Dated
• Undated

120

Legal final maturity date

The legal final maturity date of the instrument, as set out in the Terms and Conditions (or any earlier date for redemption established by the exercise of a call option). If there is no legal final maturity date, please enter 01/01/1900.

130

Earliest redemption date

Where there is a step up or other event or change linked to redemption, the earliest date, specified in the Terms and Conditions (if any) at which the event could occur should be reported.

If the earliest redemption date matches the legal final maturity date, then please enter the legal final maturity date. If there is no legal final maturity date, please enter 01/01/1900.

140

Accounting treatment of the instrument

If the accounting treatment based on the applied accounting standards uses fair value, please choose from the following:

• Fair value
• Fair value hedge (for example, a hedged item in a fair value hedge where the carrying amount is adjusted for the hedged risk)
• The accounting treatment based on the applied accounting standards does not use fair value

150

Original currency

The currency in which the instrument is denominated.

160

Original value, currency of issuance

The original value of the instrument issued, to be reported in the original currency.

165

Outstanding nominal value, currency of issuance

The nominal value, in the original currency, of the outstanding principal amount of the instrument; any paid‐in amounts should be excluded as at the reporting date.

170

Outstanding nominal value, reporting currency

The nominal value, in the reporting currency, of the outstanding principal amount of the instrument; any paid‐in amounts should be excluded as at the reporting date.

180

Accounting value

The accounting value of the instrument in the reporting currency as at the reporting date. This should include fair value hedge adjustments and accrued interest if applicable.

190

Coupon Type

Please choose from the list below to indicate the type of coupon linked to the instrument.

• Fixed rate
• Floating rate
• Fixed-floating rate
• Floating-fixed rate
• Index-linked
• Zero-coupon
• Step-up
• Step-down
• Other

200

Coupon rate

If the rate is fixed (ie coupon type reported as ‘fixed rate’ or ‘fixed-floating rate’), give the coupon rate of the instrument rounded to two decimal places. Otherwise, please enter a decimal of 999%.

210

Coupon payment date

The next coupon date on which the issuer pays the interest to the debt holders. If there is no next coupon payment date, please enter 01/01/1900.

220

Coupon frequency

The frequency of interest payments linked to the instrument.

230

Type of instrument

Please choose from the list below to indicate the type of instrument:

• Notes/Bonds
• Convertible bonds
• Loans
• Preference shares
• Other

240

Class of instrument

Please choose from the list below to indicate the class of instrument based on the creditor insolvency hierarchy:

• Senior (structurally subordinated)
• Contractually or statutorily subordinated
• Tier 2 capital instruments
• AT1 capital instruments
• Other

250

Regulatory value

Where the instrument is classified as an own funds instrument, please enter the value that is recognised and reported for regulatory capital purposes. If there is no regulatory value, please enter a value of 0.

260

Any non-standard terms included in the instrument

Describe any unusual termination events, rights to net or set‐off, contractual terms including incentives to redeem before final maturity (eg linking the payoff to credit features or any Capital adequacy, Asset quality, Management, Earnings and/or Liquidity (CAMEL) criteria) or other legal conditions.

270

Name of Guarantor

Whether any guarantee is applicable to the instrument, and if so, the name of the guarantor.

280

Identification of the Guarantor

LEI code of the guarantor. Firms should provide the LEI as default. Where an LEI does not exist, please use an SC.

290

Conversion or write-down trigger for AT1 capital instruments – PRA rules

For AT1 capital instruments only, please specify whether instrument has a conversion or write-down trigger, in accordance with relevant PRA rules, as follows:

• No
• Yes, convertible
• Yes, write-down
• Not an AT1 capital instrument

295

Contractual conversion or write-down trigger for internal MREL – MREL SoP

For internal non-CET1 own funds and internal MREL eligible liabilities instruments, please confirm whether the contractual conversion or write-down trigger has been included, in accordance with paragraphs 8.7 to 8.11 of the MREL SoP, as follows:

• Yes, convertible
• Yes, write-down
• No, internal non-CET1 own funds issued before 1 January 2026 and issued by overseas subsidiary
• No, internal non-CET1 own funds issued before 1 January 2026
• No, issued by overseas subsidiary
• No, for a different reason

300

Other contractual conversion or write-down triggers or powers and the instrument type convertible into

Specify the conditions under which the instrument will convert or write-down, as shown in the contractual terms. Where one or more authorities have the ability to trigger conversion or write-down, the authorities should be listed. For each of the authorities, it should be stated whether the legal basis for the authority to trigger conversion or write-down is provided by the terms of the instrument or statutory means. If applicable, indicate the instrument type convertible into.

Note that any other statutory conversion or write-down powers under the Banking Act 2009 should not be reported in this template. This includes: i) the mandatory reduction power at point of non-viability under section 6A to 6D (including 81AA); ii) the bail-in option under section 12A (including 81BA to 81BC); iii) the special bail-in provision under section 48B; and iv) the bail-in power under section 81CA of the Banking Act 2009.

315

Other contractual or statutory conversion or write-down powers of any non-UK authority

This data element is only applicable if the issuing entity is an overseas subsidiary. Please indicate through Yes/No whether there is any other contractual or write-down trigger (not already identified within this template) that is required by a non-UK authority. If yes, please provide further details. If this data element is not applicable, please select ‘Issuing entity is not an overseas subsidiary’.

325

Eligibility legal opinions on MREL eligible liabilities instruments

For issuances of MREL eligible liabilities instruments only, please indicate whether, in accordance with the MREL SoP paragraph 5.11 and Annex 3:

• an instrument-level legal opinion on the MREL eligibility of that specific individual issuance has been obtained;
• the issuance is a ‘repeat issuance’ (as defined in MREL SoP) and the issuing entity has relied on a previous eligibility legal opinion in accordance with MREL SoP;
• the issuing entity is an overseas subsidiary; or
• the issuance is not an MREL eligible liability instrument

330

Form of the security – Type

The form of outstanding debt instruments issued by the firm. Please indicate whether the instrument is in:

• Global registered or certificated registered form
• Global bearer or definitive bearer form
• Other

333

Form of the security – Name

Depending on the entry within column 330, please enter the relevant name and other details, taking into account the following:

• For debt securities that are in global bearer or definitive bearer form, the name of the entity that acts as the common depositary (for classic global notes) or common safekeeper (for new global notes);
• For debt securities that are in global registered or certificated form, the name of the entity that acts as the registrar; and
• For debt securities that fall under the category of ‘Other’ in row 330, please enter Not Applicable.

335

Form of the security – Identification

Depending on the entry within column 333, please enter the relevant LEI identification. Where an LEI does not exist, please provide an SC. For debt securities that fall under the category of other, please enter Not Applicable.

410

Other non-global form – name, location and details

For debt securities that fall under the category of ‘Other’ in row 330 and any other securities not covered previously, provide any relevant information, including in relation to their physical location and any relevant arrangements for custody, clearance or settlement.

415

Details of fiscal or principal paying agent

Please confirm which entity or entities act as fiscal or principal paying agent.

420

Details of trustee

Please confirm which entity or entities act as trustee.

430

Common Depositary

The common depositary holds the global note(s). Please provide the name of the entity that acts as common depositary. To note, for registered form, please also include the nominee of the common depositary.

For debt securities which have been issued to US investors under a dual Regulation S and Rule 144A offering, please provide the common depositary associated to the unrestricted and restricted portions of the offering.

440

The applicable settlement systems

Please confirm for which clearing system(s) the global note(s) are held.

For debt securities which have been issued to US investors under a dual Regulation S and Rule 144A offering, please provide the clearing system(s) associated to the unrestricted and restricted portions of the offering.

460

Terms of the instrument

Please provide a web link (URL) to the terms of the instrument.

470

Hedging arrangements

If there are any hedging arrangements associated specifically with the instrument, please indicate the risk(s) being hedged against. For example, this may include, but is not limited to, changes in interest rates, changes in FX.

480

Compliance with US securities laws

Please specify how compliance with the requirements of the US Securities Act of 1933 was achieved:

• Regulation S
• Rule 144a
• Regulation S and Rule 144A
• SEC registration
• Other.
• Compliance with the requirements of the US Securities Act of 1933 is not applicable for this instrument.

999

Unique Identifier

An International Securities Identification Number (ISIN) uniquely identifies a security. Its structure is defined in ISO 6166.

If an ISIN is not available, please provide the relevant unique identifier. An example may be the Market Identifier Code (ISO 10382), CUSIP (Committee on Uniform Securities Identification Procedures) a nine-character alphanumeric code mainly used for US and Canadian securities, SEDOL (Stock Exchange Daily Official List) security identifiers used in UK and Ireland for clearing purposes. These are assigned by the London Stock Exchange.

For debt securities which have been issued to US investors under a dual Regulation S and Rule 144A offering, please provide the ISIN and CUSIP associated to the unrestricted and restricted portions of the offering, populating in row 480 the relevant basis for compliance with US securities laws, alongside rows 430 and 440.