Template instructions are unclear as to what is meant by ‘provisions at least equivalent to Basel provisions’ and how to read this in conjunction with the reference to minority interests Article 81(1) point (a) (ii) and 82 point (a) (ii). This is because equivalence is not defined and a subsidiary outside the EU that is not an institution would not meet the criteria of the Articles 81 and 82 of the CRR for eligible Minority interest / qualifying own funds but could still be subject to solvency requirements and hence expected to be included in columns 070 to 240. Given the ITS instructions we have assumed the following, can you please confirm this is correct? The YES/NO’ classification is relevant only for purposes of identifying eligible minority interest as such: YES – if the entity meets the following conditions under CRR Article 81 and 82 1. Entity is an institution by definition; or 2. Entity is required to comply with the requirements of CRR (EU 575/2013) and CRD IV (EU 36/2013) under national law. AND 3. The subsidiary is fully consolidated. NO – for any entity not included above. Notwithstanding, columns 070 to 240 are required to be filled in for all entities subject to solvency requirements, not limited to those of CRR and CRD IV.