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Guideline (EU) 2018/1151 of the European Central Bank of 2 August 2018 amending Guideline ECB/2011/23 on the statistical reporting requirements of the European Central Bank in the field of external statistics (ECB/2018/19)

CELEX
32018O0019
Document type
GUIDELINE
Sector
Legislation
Date of document
2018-08-02
In force since
2018-08-20
Status
In force

Text

Article-level text, parsed from the formex manifestation.

Article 1 Amendments

‘1 The ECB shall transmit to the NCBs the euro area aggregates it publishes, as well as the publishable national data sets.’;

‘1 Without prejudice to the ECB's monitoring tasks as laid down in Annex V, the NCBs shall, in cooperation with other competent authorities as mentioned in Article 4 where relevant, ensure the monitoring and the assessment of the quality of statistical information made available to the ECB. The ECB assesses these data in a similar and timely manner. The Executive Board shall report yearly to the Governing Council on the quality of the data and make these reports available to the public.’;

‘3 Where the data for an item in Tables 1 to 5 of Annex II are of negligible or of insignificant size for euro area and national statistics, or the data for that item cannot be collected at reasonable cost, best estimates based on sound statistical methodologies shall be permitted provided the analytical value of the statistics is not compromised. In addition, best estimates shall be permitted for the following breakdowns in Tables 1, 2, 4 and 6 of Annex II: (a) sub-items of primary income on direct investment and other investment; (b) sub-items of other primary income and of secondary income; (c) sub-items of capital transfers in the capital account; (d) geographical breakdown of financial derivatives liabilities; (e) reinvested earnings credits on investment funds shares without an ISIN code; (f) investment income credits on investment funds shares with an ISIN code (until the CSDB is deemed fit for the appropriate derivation of this item); (g) breakdown of cross-border banknote shipments by denomination; (h) sector breakdown of transactions and positions in “currency and deposits” (assets) of “other sectors”; (i) breakdown of international investment positions by currency of denomination and residual maturity.’;

Article 2 Taking effect and implementation

1 This Guideline shall take effect on the day of its notification to the national central banks of the Member States whose currency is the euro.

2 The Eurosystem central banks shall comply with this Guideline from 1 March 2021.

Article 3 Addressees

This Guideline is addressed to all Eurosystem central banks.

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