# Council Directive of 8 December 1986 on the annual accounts and consolidated accounts of banks and other financial institutions (86/635/EEC), Article 29

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

Article 27, items 1 and 2 (vertical layout)
Article 28, items A 1 and B 1 (horizontal layout)
Interest receivable and similar income and interest payable and similar charges.
These items shall include all profits and losses arising out of banking activities, including:
(1) all income from assets entered under Assets items 1 to 5 in the balance sheet, however calculated. Such income shall also include income arising from the spreading on a time basis of the discount on assets acquired at an amount below, and liabilities contracted at an amount above, the sum payable at maturity;
(2) all charges arising out of liabilities entered under Liabilities items 1, 2, 3 and 8, however calculated. Such charges shall also include charges arising from the spreading on a time basis of the premium on assets acquired at an amount above, and liabilities contracted at an amount below, the sum payable at maturity;
(3) income and charges resulting from covered forward contracts, spread over the actual duration of the contract and similar in nature to interest;
(4) fees and commission similar in nature to interest and calculated on a time basis or by reference to the amount of the claim or liability.

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Source: https://www.legislation.gov.uk/eudr/1986/635/article/29 (the official version)
Page: https://openlegislation.uk/eu-directive-1986-635/article-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.