CFM Indosuez Wealth Management Annual Report 2022 64 / Notes to the financial statements / 1 PRINCIPLES AND METHODS APPLICABLE WITHIN THE GROUP, AND JUDGEMENTS AND ESTIMATES USED 1.1 APPLICABLE STANDARDS AND COMPARABILITY Pursuant to EC Regulation no. 1606/2002, the consolidated financial statements have been prepared in accordance with IAS/IFRS standards and IFRIC interpretations applicable as of 31 December 2022 and as adopted by the European Union (carve-out version), thus using certain exceptions in the application of IAS 39 on macroGiven that CFM Indosuez Wealth has no insurance business, IFRS 17 is not expected to have any impact on the consolidated financial statements of CFM Indosuez Wealth on 1 January 2023. Standards and interpretations not yet adopted by the European Union on 31 December 2022 The standards and interpretations published by the IASB as of 31 December 2022 but not yet adopted by the European Union are not applicable for the Group. They will become mandatory only from the date stipulated by the European Union and have therefore not been applied by the Group as of 31 December 2022. IFRS IC decisions, finalised and approved by the IASB, that may affect the Group In particular, this concerns the IFRS IC IFRS 9/IAS 20 decision published in March 2022 on the accounting treatment of TLTRO III. A third round of LTROs was decided in March 2019 hedge accounting. These standards and interpretations are available on the European Commission website at the following address: https://ec.europa.eu/info/ business-economy-euro/company-reporting-andauditing/company-reporting/financial-reporting_en The standards and interpretations are identical to those used and described in the Group’s financial statements as of 31 December 2021. They have been supplemented by the IFRS standards adopted by the European Union as of 31 December 2022, which must be applied for the first time for the 2022 financial year. These cover: by the ECB, the terms of which were reviewed in September 2019 and then in March, April and December 2020 in connection with the COVID-19 situation. The TLTRO III mechanism aims to provide long-term refinancing, with a subsidy if a target growth rate of loans to businesses and households is achieved. CFM Indosuez Wealth participates through CA Indosuez Wealth Europe, which has established a bridgehead with the ECB for operation no. 8 of TLTRO III on 10/05/2021. The Group has valued the interest accrued at the Deposit Facility rate of -50 bps floored at -100 bps over the special interest rate period (1 January 2021 - 23 June 2021 for the period relating to the 2021 financial year), taking into account the achievement of the thresholds specific to the first incentive during the special reference period. For the additional special interest rate period (24 June 2021 Standards, Amendments or Interpretations Date of first application: financial years beginning on or after Significant effect on the Group Amendment to IAS 16 Property, Plant and Equipment - Proceeds before Intended Use 1 January 2022 No Improvements to IFRS cycle 2018-2020: - IFRS 1 Subsidiary as a First-time Adopter, - IFRS 9 Derecognition of Financial Liabilities: fees and commissions to be included in the 10% test, - IAS 41 Taxation in Fair Value Measurements, and - IFRS 16 Lease incentives 1 January 2022 No Amendment to IFRS 3 Reference to the Conceptual Framework 1 January 2022 No Amendment to IAS 37 Onerous contracts - Cost of Fulfilling a Contract 1 January 2022 No
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