Guideline (EU) 2021/831 of the European Central Bank of 26 March 2021 on statistical information to be reported on financial intermediaries other than monetary financial institutions (ECB/2021/12)

1 This Guideline establishes the reporting requirements for national central banks (NCBs) related to statistics on financial intermediaries other than monetary financial institutions (MFIs). In particular, this Guideline specifies the information to be reported to the ECB, the treatment of that information, the frequency and timing of that reporting and the standards to be applied to that reporting.

2 This Guideline applies to the following financial intermediaries: (a) investment funds (IFs); (b) insurance corporations (ICs) (c) pension funds (PFs); (d) financial vehicle corporations engaged in securitisation transactions (FVCs); (e) other financial intermediaries except ICs and PFs (OFIs); (f) central counterparties (CCPs).

1 For the purposes of this Guideline, the definitions in the following Regulations apply: (a) Article 1 of Regulation (EC) No 2533/98; (b) Article 1 of Regulation (EU) No 1073/2013 (ECB/2013/38); (c) Article 1 of Regulation (EU) No 1075/2013 (ECB/2013/40); (d) Article 1 of Regulation (EU) No 1374/2014 (ECB/2014/50); (e) Article 1 of Regulation (EU) 2018/231 (ECB/2018/2).

2 The following definitions also apply for the purposes of this Guideline: (1) ‘central counterparties’ means those central counterparties which: (a) are listed on the public register of ESMA as established by Article 6 of Regulation (EU) No 648/2012 of the European Parliament and of the Council ; and (b) are not listed as ‘monetary financial institutions (MFIs)’ in the list established by Article 4 of Regulation (EU) 2021/379 of the European Central Bank (ECB/2021/2) ; (2) ‘other financial intermediaries except insurance corporations and pension funds’ (OFIs) means ‘other financial intermediaries except insurance corporations and pension funds’ (subsector S.125) as defined in paragraphs 2.86 to 2.94 of Annex A to Regulation (EU) No 549/2013, and excluding FVCs as defined in paragraph 2.90 of that Annex.

1 NCBs shall report to the ECB the following aggregated statistical information on assets and liabilities held and issued by investment funds (IFs): (a) Table 1 in Part 3 in Annex I to Regulation (EU) No 1073/2013 (ECB/2013/38); (b) Table 4 in Part 3 in Annex I to Regulation (EU) No 1073/2013 (ECB/2013/38); (c) Table 1 in Part 1 in Annex I to this Guideline on a best estimate basis, where data are available; (d) Table 2 in Part 1 in Annex I to this Guideline on a best estimate basis, where data are available.

2 The statistical information reported pursuant to paragraph 1 shall be reported for each of the following types of IF: (a) equity funds, broken down into open-end equity funds and closed-end equity funds; (b) bond funds, broken down into open-end bond funds and closed-end bond funds; (c) mixed funds, broken down into open-end mixed funds and closed-end mixed funds; (d) real estate funds, broken down into open-end real estate funds and closed-end real estate funds; (e) hedge funds, broken down into open-end hedge funds and closed-end hedge funds; (f) other funds, broken down into open-end other funds and closed-end other funds; (g) private equity funds (including venture capital funds) as an ‘of which’ position of ‘total funds’.

3 The statistical information reported pursuant to points (b) and (d) of paragraph 1 shall also be reported for each of the following types of IF: (a) equity funds, broken down into undertakings for collective investments in transferable securities (UCITS) equity funds and non-UCITS equity funds; (b) bond funds, broken down into UCITS bond funds and non-UCITS bond funds; (c) mixed funds, broken down into UCITS mixed funds and non-UCITS mixed funds; (d) real estate funds, broken down into UCITS real estate funds and non-UCITS real estate funds; (e) hedge funds, broken down into UCITS hedge funds and non-UCITS hedge funds; (f) other funds, broken down into UCITS other funds and non-UCITS other funds; (g) exchange-traded funds (ETFs), as an ‘of-which’ position of ‘total funds’.

4 The statistical information referred to in paragraph 1 shall cover all of the following: (a) outstanding amounts; (b) reclassification adjustments; (c) revaluation adjustments due to both price and exchange-rate changes. The first subparagraph shall not apply to statistical information on new issuances and redemptions of shares/units issued by IFs reported pursuant to paragraph 1(b).

5 The statistical information referred to in paragraph 2(g), shall be reported on a best estimate basis, where data are available and shall cover all of the following: (a) end-quarter outstanding amounts; (b) quarterly reclassification adjustments; (c) quarterly revaluation adjustments due to both price and exchange-rate changes. The first subparagraph shall not apply to statistical information on new issuances and redemptions of shares/units issued by IFs reported pursuant to paragraph 1(b).

6 Statistical information on reclassification and revaluation adjustments referred to in this Article shall be reported in accordance with Annex II to this Guideline. Where security-by-security (s-b-s) information is available, NCBs may derive approximations of the value of securities revaluation adjustments due to both price and exchange-rate changes. NCBs shall provide explanations on reclassification adjustments reported in accordance with Annex II to this Guideline and upon request by the ECB.

7 NCBs shall report to the ECB statistical information on bearer shares where information on bearer shares reported by IFs, MFIs and/or OFIs in accordance with Part 2 of Annex I to Regulation (EU) No 1073/2013 (ECB/2013/38) is incomplete or not yet available. NCBs shall report that statistical information to the ECB on a best estimate basis, by reference to the geographical and sectoral breakdown in Table 1 of Part 3 of Annex I to Regulation (EU) No 1073/2013 (ECB/2013/38) and Table 1 of Part 1 of Annex I to this Guideline.

8 Where NCBs grant derogations to IFs in accordance with Article 8(1) of Regulation (EU) No 1073/2013 (ECB/2013/38), they shall gross up to 100 % the statistical information to be reported pursuant to paragraph 1. Where NCBs gross up pursuant to the first subparagraph, they may choose the procedure for grossing-up to 100 % of the reporting requirements based on the data collected in accordance with Article 8(1) of Regulation (EU) No 1073/2013 (ECB/2013/38), and shall apply both of the following: (a) for missing statistical information on breakdowns, estimates shall be derived by applying ratios based on the corresponding IF sub-sector referred to in paragraph 2; (b) no IF sub-sector referred to in paragraph 2 shall be excluded.

9 Where NCBs grant derogations to IFs in accordance with Article 8(2) of Regulation (EU) No 1073/2013 (ECB/2013/38), they shall gross up to 100 % the statistical information to be reported pursuant to paragraph 1.

10 Where IFs report to the NCBs assets and liabilities held and issued by them as a group in accordance with Article 4(3) of Regulation (EU) No 1073/2013 (ECB/2013/38), they shall ensure that the statistical information reported pursuant to this Article belongs to the same type of IF as referred to in paragraphs 2 and 3.

11 NCBs may revise the statistical information reported pursuant to paragraph 1 at any time except for the following: (a) during the monthly production period (the period from the deadline specified in Article 4 to the date the ECB closes data reception for that production period), NCBs may only revise the latest and previous monthly statistical information; (b) during the quarterly production period (the period from the deadline specified in Article 4 to the date the ECB closes data reception for that production period), NCBs may only revise the latest and previous quarterly statistical information. Where NCBs revise statistical information pursuant to the first subparagraph, they shall ensure that the monthly and quarterly statistical information is consistent. For the purposes of the first subparagraph, NCBs may revise statistical information covering previous reference periods where this significantly improves the quality of the information at any time. NCBs shall provide explanations to the ECB for both of the following: (a) revisions which significantly improve the quality of statistical information reported to the ECB; (b) revisions to statistical information reported to the ECB outside the production periods referred to in the first subparagraph.

1 NCBs shall report to the ECB the quarterly statistical information referred to in Article 3(1)(a) on a quarterly basis.

2 NCBs shall report to the ECB the monthly statistical information referred to in Article 3(1)(b) on a monthly basis, except for quarterly statistical information to be reported pursuant to Article 3(2)(g) in relation to private equity funds which shall be reported on a quarterly basis.

3 NCBs shall report to the ECB the quarterly statistical information referred to in Article 3(1)(c) on a quarterly basis.

4 NCBs shall report to the ECB the monthly statistical information referred to in Article 3(1)(d) on a monthly basis, except for quarterly statistical information to be reported pursuant to Article 3(2)(g) in relation to private equity funds which shall be reported on a quarterly basis.

5 NCBs shall report to the ECB the statistical information referred to in Article 3 by close of business on the 28th working day following the end of the month or quarter to which the statistical information relates, in accordance with Article 9(2) of Regulation (EU) No 1073/2013 (ECB/2013/38).

1 NCBs shall derive the aggregated statistical information on assets and liabilities held and issued by the IFs referred to in Article 3 as follows: (a) for securities with international securities identification numbers (ISINs), NCBs shall map the statistical information reported on an s-b-s basis to the information derived from the Centralised Securities Database (CSDB) established by Guideline ECB/2012/21 of the European Central Bank as a main reference database. The mapped s-b-s information shall be used to compile the value of assets and liabilities in euro and to derive the necessary breakdowns for each individual security of the IF. NCBs shall estimate the required statistical information where any of the following apply: (i) the security identifiers are not found in the CSDB; (ii) the information necessary to compile the assets and liabilities in accordance with Article 3(1) is not available from the CSDB; (iii) the information in the CSDB necessary to compile the assets and liabilities in accordance with Article 3(1) is not reliable. NCBs may also collect s-b-s information on securities without publicly available identification codes by using NCB internal security identifiers. (b) NCBs shall aggregate the statistical information on securities derived under point (a) and add them to the information reported for securities without publicly available identification codes to produce aggregates for: (i) debt securities broken down by maturity, currency and counterparty; (ii) equity and IF shares/ units held by IFs, broken down by instrument and counterparty; and (iii) total shares/ units issued by IFs. (c) NCBs shall derive the required statistical information on the assets and liabilities held and issued by IFs by adding the statistical information on securities derived under point (b) and the assets and liabilities other than securities collected from resident individual IFs. (d) NCBs shall aggregate the assets and liabilities held and issued by all IFs resident in a Member State and belonging to the same type. Where NCBs collect statistical information on assets and liabilities held and issued by IFs on a monthly basis in accordance with Article 5(2) of Regulation (EU) No 1073/2013 (ECB/2013/38), paragraph 1 shall also apply.

2 For reference months that are not end-quarter months, NCBs shall estimate the monthly statistical information on assets and liabilities held and issued by IFs excluding shares/units issued by IFs based on the statistical information collected by NCBs as follows: (a) at individual fund level; (b) where point (a) is not possible, by type of IF referred to in Article 3(2) and (3); (c) where such estimates cannot be derived by the NCBs, the NCBs may request the ECB to derive estimates. Where NCBs request estimates, the ECB may request additional statistical information, including fund-by-fund and s-b-s statistical information. This paragraph shall not apply where statistical information is collected on a monthly basis pursuant to Article 5(2) of Regulation (EU) No 1073/2013 (ECB/2013/38).

3 NCBs shall report to the ECB the statistical information referred to in Article 3 of this Guideline in accordance with the valuation and accounting rules in Article 7 of Regulation (EU) No 1073/2013 (ECB/2013/38) and in the Annexes to that Regulation. For items subject to accrued interest, NCBs shall report statistical information as follows: (a) ‘deposit and loan claims’ and ‘deposits and loans received’ excluding accrued interest recorded under remaining assets/liabilities; (b) ‘debt securities’ including accrued interest.

1 NCBs shall report to the ECB the following aggregated statistical information on ICs: (a) Tables 1a and 1b of Part 3 of Annex I to Regulation (EU) No 1374/2014 (ECB/2014/50); (b) Table 1 in Part 2 of Annex I to this Guideline on a best estimate basis, where data are available; (c) Table 4 of Part 3 of Annex I to Regulation (EU) No 1374/2014 (ECB/2014/50); (d) Table 2 in Part 2 of Annex 1 to this Guideline on a best estimate basis, where data are available. For the purposes of point (a), NCBs shall not report those cells marked with ‘SUM’.

2 NCBs shall report statistical information referred to in paragraph 1 for each of the following types of IC: (a) life insurance; (b) non-life insurance; (c) composite; (d) reinsurance.

3 The statistical information referred to in points (a) and (b) of paragraph 1 shall be reported separately for all of the following: (a) end-quarter outstanding amounts; (b) quarterly reclassification adjustments; (c) quarterly revaluation adjustments due to both price and exchange-rate changes.

4 Statistical information on reclassification and revaluation adjustments referred to in this Article shall be reported in accordance with Annex II to this Guideline. Where s-b-s information is available, NCBs may derive approximations of the value of securities revaluation adjustments due to both price and exchange-rate changes. NCBs shall provide explanations on reclassification adjustments reported in accordance with Annex II to this Guideline and upon request by the ECB.

5 Where NCBs grant derogations in accordance with Article 7(1) of Regulation (EU) No 1374/2014 (ECB/2014/50), they shall gross up to 100 % the statistical information to be reported pursuant to paragraph 1. Where NCBs gross up pursuant to the first subparagraph, they may choose the procedure for grossing-up to 100 % of the reporting requirements based on the data collected in accordance with Article 7(1)(b) and 7(1)(c) of Regulation (EU) No 1374/2014 (ECB/2014/50) provided that estimates are based on the corresponding type of IC referred to in paragraph 2.

6 NCBs may revise the statistical information reported pursuant to paragraph 1 at any time except for the following: (a) during the quarterly production period (the period from the deadline specified in Article 7 to the date the ECB closes data reception for that production period), NCBs may only revise the current and previous quarterly statistical information; (b) during the annual production period (the period from the deadline specified in Article 7 to the date the ECB closes data reception for that production period), NCBs may only revise the current and previous annual statistical information. NCBs may revise statistical information covering previous reference periods where this significantly improves the quality of the information at any time. NCBs shall provide explanations to the ECB for both of the following: (a) revisions which significantly improve the quality of statistical information reported to the ECB; (b) revisions to statistical information reported to the ECB outside the production periods referred to in the first subparagraph.

1 NCBs shall report to the ECB the quarterly statistical information referred to in points (a) and (b) of Article 6(1) on a quarterly basis by close of business on the tenth working day following the deadline specified for quarterly statistical information in Article 8(1) of Regulation (EU) No 1374/2014 (ECB/2014/50).

2 NCBs shall report to the ECB the annual statistical information referred to in points (c) and (d) of Article 6(1) on an annual basis by close of business on the tenth working day following the deadline specified for annual statistical information in Article 8(2) of Regulation (EU) No 1374/2014 (ECB/2014/50).

1 NCBs shall derive the aggregated quarterly statistical information on assets and liabilities held and issued by the ICs referred to in Article 6 as follows: (a) for securities with ISINs, NCBs shall map the statistical information reported on an s-b-s basis to the information derived from the CSDB established by Guideline ECB/2012/21 as the reference database. The mapped s-b-s information shall be used to compile the value of assets and liabilities in euro and to derive the necessary breakdowns for each individual security held or issued by the IC. NCBs shall estimate the required statistical information where any of the following apply: (i) the security identifiers are not found in the CSDB; (ii) the information necessary to compile the assets and liabilities in accordance with Article 6(1)(a) and (b) is not available from the CSDB; (iii) the information in the CSDB necessary to compile the assets and liabilities in accordance with Article 6(1)(a) and (b) is not reliable. (b) NCBs shall aggregate the statistical information on securities derived under paragraph (a) and add them to the information reported for securities without ISINs to produce aggregates for: (i) debt securities broken down by maturity (original and remaining) and counterparty (sector and residency); (ii) equity broken down by instrument and counterparty (sector and residency); and (iii) shares/units issued by IFs broken down by type of IF and residency of counterparty.

2 NCBs shall report to the ECB best estimates, where data are available, on the IC holdings of shares/units issued by IFs, broken down as follows: (a) bond funds; (b) equity funds; (c) mixed funds; (d) real estate funds; (e) hedge funds; (f) other funds. For the purposes of the first subparagraph, NCBs may derive those best estimates by mapping the information provided on an s-b-s basis in accordance with Table 2 of Annex I to Regulation (EU) No 1374/2014 (ECB/2014/50) to the information derived from the CSDB as the reference database. NCBs shall estimate the required statistical information or use alternative sources to derive the statistical information where any of the following apply: (i) the shares/units issued by IFs are not found in the CSDB; (ii) the information available in the CSDB and necessary to compile the information under the first subparagraph is not reliable.

3 Where reporting agents report statistical information on an annual basis in accordance with Article 4(1)(c) of Regulation (EU) No 1374/2014 (ECB/2014/50), NCBs may estimate the quarterly statistical information to be reported pursuant to Article 6(1)(a) based on the statistical information collected annually.

4 NCBs shall report the statistical information referred to in Article 6 of this Guideline in accordance with the valuation and accounting rules in Article 6 of, and the Annexes to, Regulation (EU) No 1374/2014 (ECB/2014/50).

5 NCBs may report the statistical information referred to in points (a) and (b) of Article 6(1) in accordance with Article 2(2) of Regulation (EU) No 1374/2014 (ECB/2014/50) where the difference between that information and the information reported pursuant to Article 2(1) of Regulation (EU) No 1374/2014 (ECB/2014/50) is not deemed significant on the basis of information on premiums reported in accordance with points (c) and (d) of Article 6(1). For the purposes of the first subparagraph, the ECB in close cooperation with NCBs, shall assess whether the information reported pursuant to Article 2(2) of Regulation (EU) No 1374/2014 (ECB/2014/50) is significantly different from the information reported pursuant to Article 2(1) of Regulation (EU) No 1374/2014 (ECB/2014/50). Where the information is significantly different, the ECB in close cooperation with the NCBs, shall define the methodology to derive the statistical information reported in accordance with Article 2(1) of Regulation (EU) No 1374/2014 (ECB/2014/50). Until that methodology is defined, NCBs may adjust their statistical information, on a voluntary and best efforts basis, by deriving statistical information collected in accordance with Article 2(1) of Regulation (EU) No 1374/2014 (ECB/2014/50) from statistical information collected in accordance with Article 2(2) of Regulation (EU) No 1374/2014 (ECB/2014/50).

1 NCBs shall report to the ECB the following aggregated statistical information on PFs: (a) Tables 1a, 1b and 1c of Part 3 of Annex I to Regulation (EU) 2018/231 (ECB/2018/2); (b) Table 1 of Part 3 of Annex I to this Guideline on a best estimate basis, where data are available; (c) Table 3 of Part 3 of Annex I to Regulation (EU) 2018/231 (ECB/2018/2).

2 The statistical information referred to in points (a) and (b) of paragraph 1 shall be reported separately for all of the following: (a) end quarter outstanding amounts; (b) quarterly reclassification adjustments; (c) quarterly revaluation adjustments due to both price and exchange-rate changes.

3 Statistical information on reclassification and revaluation adjustments referred to in this Article shall be reported in accordance with Annex II to this Guideline. Where s-b-s information is available, NCBs may derive approximations of the value of securities revaluation adjustments due to both price and exchange-rate changes NCBs shall provide explanations on reclassification adjustments reported in accordance with Annex II to this Guideline and upon request by the ECB.

4 Where NCBs grant derogations in accordance with Article 7(1) and Article 13 of Regulation (EU) 2018/231 (ECB/2018/2), they shall gross up to 100 % the statistical information to be reported pursuant to paragraph 1. Where NCBs gross up pursuant to the first subparagraph, they may choose the procedure for grossing-up to 100 % of the reporting requirements based on the data collected in accordance with Article 7(1)(a) to 7(1)(d) of Regulation (EU) 2018/231 (ECB/2018/2).

5 NCBs may revise the statistical information reported pursuant to paragraph 1 at any time except for the following: (a) during the quarterly production period (the period from the deadline specified in Article 10 to the date the ECB closes data reception for that production period), NCBs may only revise the current and previous quarterly statistical information; (b) during the annual production period (the period from the deadline specified in Article 10 to the date the ECB closes data reception for that production period), NCBs may only revise the current and previous annual statistical information; NCBs may revise statistical information covering previous reference periods where this significantly improves the quality of the information at any time. NCBs shall provide explanations to the ECB for both of the following: (a) revisions which significantly improve the quality of statistical information reported to the ECB; (b) revisions to statistical information reported to the ECB outside the production periods referred to in the first subparagraph.

1 NCBs shall report to the ECB the quarterly statistical information referred to in points (a) and (b) of Article 9(1) by close of business on the tenth working day following the deadline specified in Article 8(1) of Regulation (EU) 2018/231 (ECB/2018/2).

2 NCBs shall report to the ECB the annual statistical information referred to in Article 9(1)(c) by close of business on the tenth working day following the deadline specified in Article 8(2) of Regulation (EU) 2018/231 (ECB/2018/2).

1 NCBs shall derive the aggregated quarterly statistical information on assets and liabilities held and issued by the PFs referred to in Article 9 as follows: (a) for securities with ISINs, the NCBs shall map the statistical information reported on a s-b-s basis to the information derived from the CSDB established by Guideline ECB/2012/21 as the reference database. The mapped s-b-s information shall be used to compile the value of assets and liabilities in euro and to derive the necessary breakdowns for each individual security held or issued by the PF. NCBs shall estimate the required statistical information where any of the following apply: (i) the security identifiers are not found in the CSDB; (ii) the information necessary to compile the assets and liabilities in accordance with Article 9(1)(a) and (b) is not available from the CSDB; (iii) the information in the CSDB necessary to compile the assets and liabilities in accordance with Article 9(1)(a) and (b) is not reliable. (b) NCBs shall aggregate the information on securities derived under paragraph (a) and add them to the statistical information reported for securities without ISINs to produce aggregates for all of the following: (i) debt securities broken down by maturity (original) and counterparty (sector and residency); (ii) equity broken down by instrument and counterparty (sector and residency); (iii) shares/units issued by IFs broken down by type of IF and residency of counterparty.

2 NCBs shall report to the ECB quarterly estimates for liabilities of PFs derived in accordance with Article 4(2) of Regulation (EU) 2018/231 (ECB/2018/2).

3 NCBs shall report the statistical information referred to in Article 9 in accordance with the valuation and accounting rules in Article 6 of, and the Annexes to, Regulation (EU) 2018/231 (ECB/2018/2).

1 NCBs shall report to the ECB aggregated statistical information on assets and liabilities held and issued by FVCs in accordance with Tables 1 and 2 of Annex I to Regulation (EU) No 1075/2013 (ECB/2013/40).

2 The statistical information reported pursuant to paragraph 1 shall be reported for each of the following types of FVCs: (a) FVCs engaged in traditional securitisation; (b) FVCs engaged in synthetic securitisation; (c) FVCs engaged in insurance-linked securitisation; (d) other FVCs.

3 The statistical information referred to in paragraph 1 shall be reported separately for the following: (a) end quarter outstanding amounts; (b) quarterly transactions. NCBs shall report to the ECB statistical information on transactions in accordance with Annex II to this Guideline.

4 The statistical information reported pursuant to paragraph 1 in accordance with Table 2 of Annex I to Regulation (EU) No 1075/2013 (ECB/2013/40) shall cover statistical information on write-offs/write-downs on a best efforts basis.

5 NCBs may revise the statistical information reported pursuant to paragraph 1 at any time, except during the quarterly production period (the period from the deadline specified in Article 14 to the date the ECB closes data reception for that production period) where NCBs may only revise the current and previous quarterly statistical information. NCBs may revise statistical information covering previous reference periods where this significantly improves the quality of the information at any time. NCBs shall provide explanations to the ECB for both of the following: (a) revisions which significantly improve the quality of statistical information reported to the ECB; (b) revisions to statistical information reported to the ECB outside the production periods referred to in the first subparagraph.

1 Where NCBs grant derogations to FVCs in accordance with points (b) and (c) of Article 5(1) of Regulation (EU) No 1075/2013 (ECB/2013/40), they shall gross up to 100 % the statistical information to be reported pursuant to Article 12.

2 Where an NCB grant derogations to FVCs pursuant to Article 5(1)(c) of Regulation (EU) No 1075/2013 (ECB/2013/40), it shall ensure that FVCs account for at least 95 % of the total amount of assets of the reference reporting population. After consulting the ECB, that NCB shall determine which of the sources referred to in Article 5(1)(c) of Regulation (EU) No 1075/2013 (ECB/2013/40) is appropriate to derive the statistical information to be reported in accordance with the statistical concepts and definitions set out in Annex II to Regulation (EU) No 1075/2013 (ECB/2013/40).

3 Where NCBs grant derogations to FVCs pursuant to Article 5(1)(c) of Regulation (EU) No 1075/2013 (ECB/2013/40), the following quality standards shall apply to the statistical information reported in accordance with Article 12 of this Guideline: (a) the following statistical information on assets shall be subject to quality standards comparable to those for statistical information directly reported by FVCs in accordance with Annex I to Regulation (EU) No 1075/2013 (ECB/2013/40): (i) deposits and loan claims; (ii) securitised loans; (iii) debt securities; (iv) other securitised assets; (v) financial derivatives. (b) the following statistical information on liabilities shall be subject to quality standards comparable to those for statistical information directly reported by FVCs in accordance with Annex I to Regulation (EU) No 1075/2013 (ECB/2013/40): (i) loans and deposits received; (ii) debt securities issued; (iii) capital and reserves; (iv) financial derivatives. (c) the following statistical information on assets may be reported on a best estimates basis, where data are available: (i) equity and IF shares/units; (ii) non-financial assets; (iii) remaining assets; (d) the following statistical information on liabilities may be reported on a best estimates basis, where data are available: (i) remaining liabilities; (ii) remaining liabilities of which accrued interest on debt securities issues; (e) statistical information on write-offs/write-downs may be reported on a best estimates basis, where data are available.

4 Where NCBs grant derogations pursuant to Article 5(1)(c) of Regulation (EU) No 1075/2013 (ECB/2013/40) and derive that information from public or supervisory sources, they shall verify that the statistical information reported pursuant to Article 12 of this Guideline corresponds to the information from the annual financial statements as soon as those financial statements become available. Where the verifications referred to in the first subparagraph demonstrate that the statistical information as set out in Annex I to Regulation (EU) No 1075/2013 (ECB/2013/40) cannot be derived in accordance with the minimum statistical standards set out in Annex III to that Regulation, NCBs shall take measures to improve the quality of that statistical information. Where necessary, NCBs shall collect that statistical information directly from reporting agents in accordance with Regulation (EU) No 1075/2013 (ECB/2013/40) and, where applicable, revoke the derogation granted pursuant to Article 5(1)(c) of Regulation (EU) No 1075/2013 (ECB/2013/40).

NCBs shall report to the ECB the quarterly statistical information referred to in Article 12 by close of business on the 28th working day following the end of the quarter to which the statistical information relates.

1 NCBs shall report to the ECB aggregated statistical information on assets and liabilities held and issued by OFIs in accordance with Table 1 in Part 4 of Annex I to this Guideline on a best estimates basis, where data are available, for each of the following types of OFIs: (a) security and derivative dealers; (b) financial corporations engaged in lending; (c) specialised financial corporations. For the purposes of points (a) and (b) of the first subparagraph, NCBs shall report statistical information where actual information is available. Where no actual information is available for the required breakdowns or for the agreed frequency, timeliness or time range, estimates shall be reported.

2 The statistical information reported pursuant to paragraph 1 shall include OFIs which are resident in the euro area Member States, including both of the following: (a) institutions located in the territory of that euro area Member State, including subsidiaries of parent companies located outside that territory; (b) resident branches of institutions that have their head office outside the territory of that euro area Member State.

3 Statistical information on reclassification adjustments may be reported in the event of significant breaks in outstanding amounts or when reclassifications occur. Statistical information on reclassification adjustments shall be reported in accordance with Annex II to this Guideline.

4 NCBs shall report the statistical information referred to in paragraph 1 in accordance with Council Directive 86/635/EEC where possible, and any applicable international standards. Without prejudice to the prevailing accounting practices in Member States, all assets and all liabilities shall be reported on a gross basis. NCBs shall report the statistical information referred to in paragraph 1 in accordance with the valuation rules set out in Section 2 in Part 4 of Annex I to this Guideline.

5 NCBs may revise the statistical information reported pursuant to this Article at any time, except during the quarterly production period (the period from the deadline specified in Article 16 to the date the ECB closes data reception for that production period) where NCBs may only revise the latest and previous quarterly statistical information. NCBs may revise statistical information covering previous reference periods where this significantly improves the quality of the information at any time. For the purposes of the second subparagraph, NCBs shall provide explanations.

NCBs shall report to the ECB the quarterly statistical information referred to in Article 15 on a quarterly basis by close of business on the last calendar day of the third month following the end of the quarter to which the information relates, or on the preceding working day if the last calendar day of the month is not a working day.

1 NCBs shall report quarterly aggregated statistical information on the assets and liabilities held and issued by CCPs to the ECB in accordance with Table 1 in Part 5 of Annex I to this Guideline as follows: (a) NCBs shall report all cells in Table 1 in Part 5 of Annex I where the outstanding amount of any of the cells marked ‘R’ exceeds EUR 10 billion; (b) NCBs shall report all cells marked ‘NR’ in Table 1 in Part 5 of Annex I where the outstanding amount of any of the cells marked ‘NR’ exceeds EUR 10 billion; (c) where points (a) or (b) are not met, NCBs shall report aggregated statistical information on CCPs balance sheets on a voluntary basis. For the purposes of point (c), NCBs shall monitor whether the thresholds are met on at least an annual basis where they choose not to report the aggregated statistical information.

2 The statistical information to be reported pursuant to paragraph 1 shall cover outstanding amounts and reclassification adjustments. Statistical information on reclassification adjustments referred to in this Article shall be reported in accordance with Annex II to this Guideline.

3 NCBs shall report the quarterly statistical information referred to in paragraph 1 by close of business on the 28th working day following the end of the quarter to which the statistical information relates.

4 NCBs may revise the statistical information reported pursuant to paragraph 1 at any time except during the quarterly production period (the period from the deadline specified in paragraph 3 to the date the ECB closes data reception for that production period), where NCBs may only revise the current and previous quarterly statistical information. NCBs may revise statistical information covering previous reference periods where this significantly improves the quality of the information at any time. For the purposes of the second subparagraph, NCBs shall provide explanations.

1 Where a Member State whose currency is not the euro (hereinafter the ‘non-euro area Member States’) adopts the euro following the entry into force of this Guideline, the NCB of that Member State shall report the following statistical information to the ECB for all reference periods since the accession to the Union of that Member State and in any case for at least three years prior to the Member State’s adoption of the euro: (a) the statistical information on IFs to be reported pursuant to Article 3; (b) the statistical information on ICs to be reported pursuant to Article 6; (c) the statistical information on PFs to be reported pursuant to Article 9; (d) the statistical information on FVCs to be reported pursuant to Article 12.

2 NCBs shall compile the statistical information referred to in paragraph 1 as if the Member State was part of the euro area throughout all reference periods.

1 Without prejudice to Regulation (EC) No 2533/98, Regulation (EU) No 1073/2013 (ECB/2013/38), Regulation (EU) No 1075/2013 (ECB/2013/40), Regulation (EU) No 1374/2014 (ECB/2014/50) and Regulation (EU) 2018/231 (ECB/2018/2), NCBs shall monitor and verify the quality and reliability of statistical information reported to the ECB pursuant to this Guideline.

2 Where NCBs estimate statistical information to be reported pursuant to this Guideline, they shall provide explanations upon request by the ECB.

By the end of September each year, the ECB shall communicate the exact transmission dates to the NCBs in the form of a reporting calendar. NCBs shall take into account that reporting calendar when reporting statistical information pursuant to this Guideline.

NCBs shall transmit the statistical information to be reported pursuant to this Guideline electronically, using the means specified by the ECB. The statistical message format developed for this electronic exchange of statistical information shall be the format agreed by the ESCB. Where the first subparagraph does not apply, NCBs may use other means of transmitting statistical information with the ECB’s prior consent.

Taking account of the views of the Statistics Committee, the ECB’s Executive Board shall make any necessary technical amendments to the Annexes provided that such amendments neither change the underlying conceptual framework nor affect the reporting burden on reporting agents in Member States. The Executive Board shall inform the Governing Council of any such amendment without undue delay.

1 First reporting for monthly statistical information to be reported pursuant to this Guideline shall begin with statistical information for December 2021.

2 First reporting for quarterly statistical information to be reported pursuant to this Guideline shall begin with statistical information for the fourth quarter of 2021.

3 First reporting for annual statistical information to be reported pursuant to this Guideline shall begin with statistical information for 2021.

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 national central banks of the Member States whose currency is the euro and the ECB shall comply with this Guideline from 1 February 2022.

This Guideline is addressed to all Eurosystem central banks.