# Council Directive of 8 December 1986 on the annual accounts and consolidated accounts of banks and other financial institutions (86/635/EEC), Article 25: Off-balance sheet: Item 2 — Commitments

Extent: E+W+S+N.I.

This item shall include every irrevocable commitment which could give rise to a risk.
Notes on accounts shall state the nature and amount of any type of commitment which is material in relation to an institution's activities.
Commitments arising out of sale and repurchase transactions shall include commitments entered into by a credit institution in the context of sale and repurchase transactions (on the basis of firm agreements to sell with options to repurchase) within the meaning of Article 12 (3).

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Source: https://www.legislation.gov.uk/eudr/1986/635/article/25 (the official version)
Page: https://openlegislation.uk/eu-directive-1986-635/article-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.