Regulation (EU) 2021/379 of the European Central Bank of 22 January 2021 on the balance sheet items of credit institutions and of the monetary financial institutions sector (recast) (ECB/2021/2)

This Regulation establishes the reporting requirements for the following reporting agents which are resident in the territory of the euro area Member States with regard to statistical information on balance sheet items: (a) monetary financial institutions (MFIs) other than credit institutions; (b) credit institutions which are either: (i) authorised in accordance with Article 8 of Directive 2013/36/EU of the European Parliament and of the Council ; or (ii) exempt from such authorisation pursuant to Article 2(5) of Directive 2013/36/EU; (c) branches of credit institutions, including branches established in a euro area Member State of credit institutions with neither their registered office nor their head office located in a euro area Member State; but excluding branches established outside of a euro area Member State of credit institutions which are established in a euro area Member State.

For the purposes of this Regulation, the following definitions apply: (1) ‘monetary financial institution’ (MFI) means an entity that belongs to one of the following sectors: (a) central banks; (b) other MFIs, which comprise deposit-taking corporations except central banks, and money market funds (MMFs); (2) ‘credit institution’ means ‘credit institution’ as defined in Article 4(1)(1) of Regulation (EU) No 575/2013; (3) ‘deposit-taking corporations except central banks’ means any of the following: (a) those credit institutions the business of which is referred to in Article 4(1)(1)(a) of Regulation (EU) No 575/2013; (b) financial institutions other than those referred to in point (a) whose principal activity is financial intermediation as referred to in paragraph 2.56 in Annex A to Regulation (EU) No 549/2013 of the European Parliament and of the Council , and whose business is to receive deposits and/or close substitutes for deposits, as referred to in Part 1 of Annex I, from institutional units including from non-MFIs and to grant loans and/or make investments in securities on their own account; (c) electronic money institutions that are principally engaged in financial intermediation as referred to in point (b) in the form of issuing electronic money; (4) ‘non-MFI credit institution’ means a credit institution the business of which does not consist of the activities referred to in Article 4(1)(1)(a) of Regulation (EU) No 575/2013; (5) ‘money market funds’ or ‘MMFs’ means collective investment undertakings that have been authorised pursuant to Article 4 of Regulation (EU) 2017/1131 and that issue shares or units which are close substitutes for deposits as referred to in Part 1 of Annex I to this Regulation; (6) ‘reporting agents’ means ‘reporting agents’ as defined in Article 1(2) of Regulation (EC) No 2533/98; (7) ‘resident’ means ‘resident’ as defined in Article 1(4) of Regulation (EC) No 2533/98; (8) ‘relevant NCB’ means the national central bank of the euro area Member State in which the reporting agent is resident; (9) ‘financial vehicle corporation’ or ‘FVC’ means ‘financial vehicle corporation’ as defined in Article 1 of Regulation (EU) No 1075/2013 of the European Central Bank (ECB/2013/40) ; (10) ‘securitisation’ means a transaction that is either a traditional securitisation as defined in Article 2(9) of Regulation (EU) 2017/2402 of the European Parliament and of the Council , or a securitisation as defined in Article 1(2) of Regulation (EU) No 1075/2013 (ECB/2013/40) in which there is a disposal of the loans being securitised to an FVC; (11) ‘electronic money institution’ means ‘electronic money institution’ as defined in Article 2(1) of Directive 2009/110/EC of the European Parliament and of the Council ; (12) ‘electronic money’ means ‘electronic money’ as defined in Article 2(2) of Directive 2009/110/EC; (13) ‘write-down’ means the direct reduction of the carrying amount of a loan on the balance sheet due to its impairment; (14) ‘write-off’ means a write-down of the full carrying amount of a loan leading to its removal from the balance sheet; (15) ‘servicer’ means an MFI which manages loans underlying a securitisation or loans that have otherwise been transferred in terms of the collection of principal and interest from the obligors; (16) ‘intra-group positions’ mean loans to or deposits from euro area deposit-taking corporations that belong to the same group, consisting of a parent and all its directly or indirectly controlled euro area resident group-members; (17) ‘tail institution’ means an MFI that has been granted a derogation pursuant to Article 9(1) and (2), or a non-MFI credit institution that has been granted a derogation pursuant to Article 9(5)(a); (18) ‘loan loss provisions’ means allowances set aside by the reporting agent for loan losses in accordance with applicable accounting practices; (19) ‘own holdings of securities’ means securities held by the issuing reporting agent, resulting from either of the following: (a) the retention of the securities at issuance or the purchase by the reporting agent of securities previously sold, which are recorded in the accounting balance sheet of the issuing reporting agent; (b) the retention of the securities at issuance or the purchase by the reporting agent of securities previously sold, which are not recorded in the accounting balance sheet but which are used or available for use by the issuer for market operations; (20) ‘notional cash pooling’ means cash pooling arrangements provided by an MFI or MFIs to a group of entities (‘pool participants’) where the interest to be paid or received by the MFI is calculated on the basis of a ‘notional’ net position of all accounts in the pool and where each pool participant: (a) maintains a separate account; and (b) may draw down overdrafts backed by deposits of other pool participants, without a transfer of funds between accounts; (21) ‘branch’ means ‘branch’ as defined in Article 4(1)(17) of Regulation (EU) No 575/2013; (22) ‘derecognition’ means the removal of a loan or part thereof from the outstanding amounts reported in accordance with Parts 2 and 3 of Annex I; (23) ‘loan transfer’ means an acquisition or disposal by the reporting agent of a loan or pool of loans, achieved either by transfer of ownership or by sub-participation; (24) ‘merger’ means an operation whereby one or more institutions (the acquired institutions), on being dissolved without going into liquidation, transfer all their assets and liabilities to another institution (the acquiring institution), which may be a newly established institution.

1 The actual reporting population shall consist of MFIs and non-MFI credit institutions which are resident in the territory of the euro area Member States.

2 Where NCBs collect statistical information on the residency of the holders of MMF shares/units from other financial intermediaries except insurance corporations and pension funds (OFIs), as defined in paragraphs 2.86 to 2.94 of Annex A to Regulation (EU) No 549/2013, in accordance with Article 5(4) of this Regulation, those NCBs may include those OFIs as part of the actual reporting population for the purposes of Article 5(4) of this Regulation.

1 The Executive Board shall establish and maintain a list of MFIs based on the statistical information recorded by NCBs as referred to in Article 4 of Guideline (EU) 2018/876 of the European Central Bank (ECB/2018/16) .

2 The ECB shall publish the up-to-date list of MFIs for statistical purposes, including by electronic means.

3 Where the latest accessible version of the list is incorrect, the ECB shall not impose sanctions on a reporting agent which does not properly fulfil its statistical reporting requirements under this Regulation to the extent that that reporting agent relied in good faith on the incorrect list. Reporting agents shall report the required statistical information in accordance with this Regulation where their exclusion from the list is manifestly erroneous.

1 MFIs shall report all of the following statistical information to the relevant NCB: (a) the end-month outstanding amounts specified in Table 1 in Part 2 of Annex I; (b) the monthly revaluation adjustments specified as minimum requirements in Table 1A in Part 4 of Annex I, and the other monthly revaluation adjustments in that table where required by the relevant NCB; (c) the monthly net loan transfers specified in Table 5a in Part 5 of Annex I; (d) the end-month outstanding amounts and monthly revaluation adjustments of transferred loans specified in Table 5b in Part 5 of Annex I; (e) the end-quarter outstanding amounts specified in Tables 2, 3 and 4 in Part 3 of Annex I; (f) the quarterly revaluation adjustments specified as minimum requirements in Table 2A in Part 4 of Annex I, and the other quarterly revaluation adjustments in that table where required by the relevant NCB. NCBs may collect the quarterly statistical information specified in points (e) and (f) of the first subparagraph on a monthly basis where such collection facilitates the data production process.

2 Non-MFI credit institutions shall report to the relevant NCB all of the following statistical information: (a) the end-month outstanding amounts specified in Table 1 in Part 2 of Annex I, with the exception of the following: (i) notional cash pool positions; (ii) MMF shares/units issued; (b) the monthly revaluation adjustments specified as minimum requirements in Table 1A in Part 4 of Annex I, and the other monthly revaluation adjustments in that table where required by the relevant NCB, with the exception of the following: (i) notional cash pool positions; (ii) MMF shares/units issued; (c) the end-quarter outstanding amounts specified in Table 2 in Part 3 of Annex I, with the exception of the items which refer to breakdowns of loans by remaining maturities; (d) the end-quarter outstanding amounts specified in Tables 3 and 4 in Part 3 of Annex I; (e) the quarterly revaluation adjustments specified as minimum requirements in Table 2A in Part 4 of Annex I, and the other quarterly revaluation adjustments in that table where required by the relevant NCB. NCBs may collect the quarterly statistical information specified in points (c) to (e) of the first subparagraph on a monthly basis where such collection facilitates the data production process.

3 NCBs may collect statistical information pursuant to paragraphs 1 and 2 on securities issued and held on a security-by-security basis where that statistical information is derived in accordance with the minimum standards specified in Annex IV.

4 NCBs may collect statistical information on the residency of the holders of MMF shares/units issued by MFIs from other available sources as set out in Section 5.7 of Part 2 of Annex I where that information complies with the minimum standards defined in Annex IV.

1 Where a parent company and its subsidiaries are MFIs resident in the same Member State, the parent company may consolidate the statistical information on the business of these subsidiaries in the statistical information reported pursuant to Article 5(1). Where the group includes credit institutions and other MFIs, that statistical information shall be reported separately for credit institutions and other MFIs.

2 The relevant NCB may authorise a credit institution to report statistical information referred to in Article 5(1) on behalf of a group of credit institutions on an aggregated basis, where all of the following apply: (a) the credit institution is not consolidating the statistical information on the business of these subsidiaries in the statistical information reported pursuant to Article 5(1) in accordance with paragraph 1; (b) the relevant NCB has granted permission to hold minimum reserves through that credit institution pursuant to Article 10(5) of Regulation (EU) 2021/378 (ECB/2021/1) and where that credit institution is the intermediary institution within the meaning of Article 10(1) of that Regulation; (c) all members of the group are MFIs resident in the same Member State. Where a credit institution has been authorised by the relevant NCB pursuant to the first subparagraph, that credit institution shall report the statistical information on its own balance sheet and on the balance sheet of each member of the group, on an aggregated basis, in accordance with Article 5(1).

3 Where MFIs report on a group basis in accordance with paragraphs 1 and 2, they shall report, as a minimum, the information set out in Table 1 in Part 1 of Annex III for the purposes of calculating the reserve base of each member of the group in accordance with Article 5 of Regulation (EU) 2021/378 (ECB/2021/1). Where an MFI that reports on a group basis in accordance with paragraphs 1 and 2 has been granted permission to report the reserve base on an aggregated basis pursuant to Article 11 of Regulation (EU) 2021/378 (ECB/2021/1), the first subparagraph shall not apply.

4 All members of the groups referred to in paragraphs 1 and 2 shall be included separately in the list of MFIs referred to in Article 4.

1 NCBs shall determine the frequency and timeliness with which they receive statistical information from reporting agents pursuant to this Regulation in order to meet the reporting deadlines referred to in paragraphs 2 and 3, and shall inform the reporting agents accordingly.

2 NCBs shall transmit monthly statistics to the ECB by close of business on the 15th working day following the end of the month to which they relate.

3 NCBs shall transmit quarterly statistics to the ECB by close of business on the 28th working day following the end of the quarter to which they relate.

1 For the purposes of reporting pursuant to this Regulation and unless otherwise provided, reporting agents shall follow the accounting rules set out in Council Directive 86/635/EEC and in any other applicable international standards. For the purposes of this Regulation, reporting agents shall report all financial assets and liabilities on a gross basis.

2 Where reporting agents report deposit liabilities and loans, the following shall apply: (a) reporting agents shall report the end-month principal outstanding amounts of deposit liabilities and loans. (b) reporting agents shall exclude write-offs and write-downs as determined by the relevant accounting practices from the amount referred to in point (a). (c) reporting agents shall not net deposit liabilities and loans against any other assets or liabilities.

3 NCBs may allow all reporting agents to report loans net of loan loss provisions where they have allowed all reporting agents to do so prior to the adoption of this Regulation in accordance with Article 8(4) of Regulation (EU) No 1071/2013 (ECB/2013/33).

4 MFIs shall exclude from the respective asset and liability amounts their own holdings of debt securities and equities that they have issued. NCBs may allow MFIs to report their own holdings of securities within the respective assets and liabilities, including on a security-by-security basis in accordance with Article 5(3), where the NCB is able to derive the necessary asset and liability breakdowns specified in Annex I, excluding the amounts of own holdings of securities.

1 NCBs may grant derogations to small MFIs from the statistical reporting requirements referred to in Article 5(1) provided that both of the following apply: (a) the combined contribution of all small MFIs that are granted a derogation does not exceed 5 % of the outstanding amounts of total assets of the national MFI balance sheet; (b) the combined contribution of all MMFs that are granted a derogation does not exceed either of the following thresholds: (i) 10 % of the outstanding amounts of total assets of the national MMF balance sheet, where that national MMF balance sheet accounts for more than 15 % of the total euro area MMF balance sheet; (ii) 30 % of the outstanding amounts of total assets of the national MMF balance sheet, where that national MMF balance sheet accounts for less than 15 % of the total euro area MMF balance sheet, except where that national MMF balance sheet accounts for less than 1 % of the total euro area MMF balance sheet, in which case no threshold shall apply. Where NCBs grant derogations pursuant to the first subparagraph, as a minimum they shall collect all of the following statistical information: (a) the outstanding amount of total assets on an annual basis; (b) the statistical information referred to in Annex III necessary to calculate the reserve base of credit institutions in accordance with Article 5 of Regulation (EU) 2021/378 (ECB/2021/1).

2 NCBs may grant derogations to small MFIs that are credit institutions from the statistical reporting requirements set out in Annex I, in accordance with Part 6 of that Annex, provided that both of the following apply: (a) the combined contribution of all credit institutions that are granted derogations does not exceed 10 % of the outstanding amounts of total assets of the national MFI balance sheet; and (b) the combined contribution of all credit institutions that are granted derogations does not exceed 1 % of the outstanding amounts of total assets of the aggregated euro area MFI balance sheet.

3 Tail institutions may either apply the derogations that have been granted by NCBs pursuant to paragraphs 1, 2 or 5(a), or report the statistical information in accordance with Article 5.

4 NCBs may grant derogations to MMFs from the following statistical reporting requirements: (a) the requirements set out in Article 5(1), where all of the following apply: (i) MMFs report statistical information on balance sheet items in accordance with Article 5 of Regulation (EU) No 1073/2013 of the European Central Bank (ECB/2013/38) ; (ii) MMFs report the statistical information referred to in point (i) on a monthly basis in accordance with paragraph 1 of Part 1 of Annex I to Regulation (EU) No 1073/2013 (ECB/2013/38), and within the timeliness decided by the NCBs pursuant to Article 9 thereof; (iii) MMFs report end-of-month outstanding amounts of MMF shares/units issued within the timeliness determined by the NCBs pursuant to Article 7 of this Regulation; (b) any of the following statistical reporting requirements set out in Annex I: (i) the breakdown of deposits of and loans granted to non-MFI counterparties as referred to in Section 5.1 of Part 2 of Annex I and the breakdown of positions with MFI counterparties as referred to in Section 5.2 of Part 2 of Annex I; (ii) the information on accrued interest on loans and deposits referred to in Section 7 of Part 2 of Annex I; (iii) the separate sector breakdown of insurance corporations sector and the pension funds sector referred to in Section 5.1 of Part 2 of Annex I; (iv) the information on intra-group loans and deposits referred to in Section 5.3 of Part 2 of Annex I; (v) the sector breakdown referred to in Section 3 of Part 3 of Annex I; (vi) the country breakdown referred to in Section 7 of Part 3 of Annex I; (vii) the information on real estate holdings referred to in Section 4 of Part 3 of Annex I; (viii) the breakdown of equity referred to in Section 6 of Part 3 of Annex I; (ix) the information on securitisations and other loan transfers referred to in Part 5 of Annex I. (c) the statistical reporting requirements on the residency of the holders of MMF shares or units referred to in Section 5.7 of Part 2 of Annex I, where any of the following apply: (i) the MMF shares/units are issued for the first time; (ii) the required statistical information on the residency of the holders of MMF shares/units is collected from other sources in accordance with Section 5.7 of Part 2 of Annex I; (iii) it is no longer possible, due to market developments, for NCBs to collect the required information of the residency of the holders of MMF shares/units as referred to in point (ii). Where NCBs grant derogations to MMFs in accordance with sub-points (i), (ii), (v) or (vi) of point (b) of the first subparagraph, they shall ensure that the combined contribution of the derogations to the corresponding total outstanding amount for each item in the national MFI balance sheet does not exceed 5 %. Where NCBs grant derogations to MMFs in accordance with sub-point (iii) of point (b) of the first subparagraph, they shall distinguish separate blocks for assets and liabilities positions and for domestic residents and residents of other euro area Member States and ensure that the contribution of the insurance corporations and pension funds sectors combined within each block for which the derogation applies does not exceed 5 % of the relevant block of the national MMF balance sheet Where NCBs grant derogations to MMFs in accordance with sub-points (i) and (iii) of point (c) of the first subparagraph, those derogations shall apply for a period of 12 months.

5 NCBs may grant derogations to non-MFI credit institutions from any the following statistical reporting requirements: (a) the requirements referred to in Article 5(2) where the outstanding amounts of total assets of the reporting agent are less than or equal to EUR 350 million; (b) any of the following statistical reporting requirements set out in Annex I: (i) the information on maturity breakdowns of loans denominated in euro to non-financial corporations; (ii) the information on maturity and loan purpose breakdowns of loans denominated in euro to households and non-profit institutions serving households; (iii) the breakdown of capital and reserves referred to in Section 6 of Part 2 of Annex I; (iv) the information on real estate holdings referred to in Section 4 of Part 3 of Annex I; (v) the breakdown of equity referred to in Section 6 of Part 3 of Annex I; (vi) the information on accrued interest on loans and deposits referred to in Section 7 of Part 2 of Annex I; (vii) the information on own holdings of securities set out in Table 1 in Part 2 of Annex I. Where NCBs grant derogations pursuant to point (a) of the first subparagraph, as a minimum they shall collect all of the following statistical information: (a) the outstanding amount of total assets on an annual basis; (b) the statistical information referred to in Annex III necessary to calculate the reserve base of credit institutions in accordance with Article 5 of Regulation (EU) 2021/378 (ECB/2021/1).

6 NCBs may grant the following derogations to MFIs and non-MFI credit institutions from the requirement to report revaluation adjustments pursuant to Article 5(1) and (2): (a) a derogation to MMFs from the requirement to report revaluation adjustments set out in Part 4 of Annex I; (b) a derogation to MFIs and non-MFI credit institutions from the requirement to report revaluation adjustments on securities set out in Table 1A in Part 4 of Annex I on a monthly basis. Where a derogation is granted pursuant to this point, reporting agents shall report those revaluation adjustments on a quarterly basis and shall provide NCBs, upon request, with both of the following: (i) the valuation methods used for the reporting of statistical information on securities and information on the share of their holdings to which the various valuation methods apply; and (ii) identification of the month in which a substantial price revaluation takes place within the quarter. (c) NCBs may grant derogations to MFIs and non-MFI credit institutions from the requirement to report revaluation adjustments set out in Part 4 of Annex I where the reporting agent reports the end-month outstanding amounts of securities on a security-by-security basis. Where a derogation is granted pursuant to this point, both of the following shall apply: (i) the information reported includes, for each security, its carrying value on the balance sheet; and (ii) for securities without publicly available identification codes, the information reported includes information on the instrument category, maturity and issuer which is sufficient for the derivation of the breakdowns specified as ‘minimum requirements’ in Tables 1A and 2A of Part 4 of Annex I.

7 NCBs may grant derogations to MFIs from the statistical reporting requirements referred to in Sections 7 to 9 of Part 3 of Annex I relating to a non-euro area Member State where either of the following apply: (a) statistical information collected at a higher level of aggregation show that positions with counterparties resident in that non-euro area Member State are insignificant; (b) statistical information collected at a higher level of aggregation show that positions in the currency of that non-euro area Member State are insignificant. Where an NCB grants derogations to MFIs pursuant to the first subparagraph relating to a country that accedes to the Union, the NCB may withdraw those derogations 12 months after informing MFIs of its intention to withdraw those derogations. Where NCBs grant derogations to MFIs pursuant to the first subparagraph, they may also grant those same derogations to non-MFI credit institutions.

8 NCBs may grant derogations to MFIs from the statistical reporting requirements on notional cash pooling as set in Part 2 of Annex I in the following cases: (a) where the outstanding amounts of notional cash pool deposits from, or loans to, euro area residents (excluding MFIs) in the national MFI balance sheet does not exceed EUR 2 billion; (b) where the threshold referred to in point (a) is exceeded, NCBs may grant derogations to an MFI where the outstanding amounts on its balance sheet of notional cash pool deposits from, or loans to, euro area residents (excluding MFIs) does not exceed EUR 500 million.

9 NCBs may grant derogations to MFIs in respect of the requirement to separately identify loans to sole proprietorships/partnerships without legal status referred to in Section 3 of Part 2 of Annex I where those loans comprise less than 5 % of the total lending to households in the national MFI balance sheet. Where NCBs grant derogations to MFIs pursuant to the first subparagraph, they shall also grant those same derogations to non-MFI credit institutions.

10 Where NCBs grant derogations pursuant to paragraphs 1, 2, 4, 5 and 9, they shall verify that the thresholds referred to therein are not exceeded. That verification shall be performed in good time in order to grant or withdraw, if necessary, any derogation with effect from the start of the following year. Where NCBs grant derogations pursuant to paragraph 8, they shall verify that the thresholds referred to therein are not exceeded. That verification shall be performed at least once every two years and in good time in order to grant or withdraw, if necessary, any derogation with effect from the start of the following year.

1 Reporting agents shall comply with the statistical reporting requirements to which they are subject in accordance with the minimum standards for transmission, accuracy, compliance with concepts and revisions specified in Annex IV.

2 NCBs shall define and implement the reporting arrangements to be followed by the actual reporting population in accordance with national requirements. NCBs shall ensure that these reporting arrangements provide the required statistical information and allow for accurate checking of the fulfilment of the minimum standards for transmission, accuracy, compliance with concepts and revisions specified in Annex IV.

1 An actual reporting agent shall notify the relevant NCB of a merger, division or other reorganisation where: (a) that merger, division or other reorganisation is likely to affect an actual reporting agent’s fulfilment of its reporting requirements; and (b) the intention to implement the operation referred to in point (a) is public knowledge.

2 The notification referred to in paragraph 1 shall: (a) be given a reasonable time before the merger, division or other reorganisation takes effect; and (b) specify the procedures to be used to fulfil the statistical reporting requirements set out in this Regulation.

3 Where a merger between reporting agents takes place between the end of a reference period and the deadline for the reporting of statistical information for that reference period determined by the relevant NCB pursuant to Article 7(1), the acquiring institution shall fulfil the reporting requirements of the acquired institutions for that reference period as if the merger had not occurred.

4 Where a merger between reporting agents takes place during a reference period, NCBs may permit the acquiring institution to report statistical information for the acquired institutions separately from its own statistical information for that reference period and for subsequent reference periods. For the purposes of the first subparagraph, NCBs may not permit the acquiring institution to report statistical information for the acquired institutions separately from its own statistical information for a period of longer than six months after the merger.

1 Credit institutions shall report to the relevant NCB the statistical information referred to in Annex III that is necessary to calculate the reserve base of credit institutions in accordance with Article 5 of Regulation (EU) 2021/378 (ECB/2021/1).

2 Credit institutions shall report, as a minimum, the statistical information set out in Table 1 in Part 1 of Annex III on a quarterly basis where the following apply: (a) the credit institution is a tail institution; (b) the credit institution reports on behalf of a group, in accordance with Article 6, that is comprised solely of tail institutions.

The NCBs shall exercise the right to verify or collect compulsorily the information which reporting agents are required to provide pursuant to this Regulation, without prejudice to the ECB’s right to exercise these rights itself. In particular, the NCBs shall exercise this right when an institution included in the actual reporting population does not fulfil the minimum standards for transmission, accuracy, compliance with concepts and revisions specified in Annex IV.

1 First reporting of monthly statistical information pursuant to Article 5(1) and (2) shall start with data for January 2022.

2 First reporting of quarterly statistical information pursuant to Article 5(1) and (2) shall start with data for the first quarter of 2022.

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 Regulation (EU) No 1071/2013 (ECB/2013/33) is repealed with effect from 26 June 2021.

2 References to the repealed Regulation shall be construed as references to this Regulation and shall be read in accordance with the correlation table set out in Annex VI.

1 MFIs as referred to in Article 2(1) shall apply the provisions of Regulation (EU) No 1071/2013 (ECB/2013/33) from 26 June 2021 to 1 February 2022.

2 Non-MFI credit institutions as referred to in Article 2(4) shall apply the reporting requirements applicable to MFIs laid down in Regulation (EU) No 1071/2013 (ECB/2013/33) from 26 June 2021 to 1 February 2022, with the exception of reporting requirements laid down in Article 6 of that Regulation. With the exception of the statistical information referred to in Annex III necessary to calculate the reserve base of credit institutions in accordance with Article 5 of Regulation (EU) 2021/378 (ECB/2021/1), NCBs may specify a date for non-MFI credit institutions to report the information in accordance with this paragraph. That date shall be no later than 31 March 2022.

3 NCBs may grant derogations to non-MFI credit institutions from the statistical reporting requirements referred to in paragraph 1 where the outstanding amounts of total assets of the reporting agent are less than or equal to EUR 350 million. Where NCBs grant derogations pursuant to the first subparagraph, as a minimum they shall collect the statistical information referred to in Annex III necessary to calculate the reserve base of credit institutions in accordance with Article 5 of Regulation (EU) 2021/378 (ECB/2021/1).

4 For the purposes of paragraphs 1 and 2, reporting agents shall not be required to report the real estate collateral breakdowns of credit referred to in Section 1 of Part 3 of Annex I to Regulation (EU) No 1071/2013 (ECB/2013/33).

5 Reporting agents shall continue to report certain items of the balance sheet information on a quarterly basis, in accordance with the third sentence of Article 5(1) of Regulation (EU) No 1071/2013 (ECB/2013/33) and as specified in Annex I to that Regulation, until 28 February 2022.

6 For the period 26 June 2021 to 1 February 2022, where reporting agents referred to in paragraphs 1 and 2 report liabilities owed to credit institutions that are subject to minimum reserve requirements under Regulation (EU) 2021/378 (ECB/2021/1), they shall include their liabilities owed to non-MFI credit institutions in that reporting.

This Regulation shall enter into force on the fifth day following that of its publication in the Official Journal of the European Union. It shall apply from 26 June 2021. However, Articles 5, 8 and 9 shall apply from 1 February 2022.