Guideline (EU) 2024/2798 of the European Central Bank of 10 October 2024 amending Guideline (EU) 2021/831 on statistical information to be reported on financial intermediaries other than monetary financial institutions (ECB/2021/12) (ECB/2024/27)

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 of Annex I to Regulation (EU) 2024/1988 (ECB/2024/17); (b) Part 1, Table 1, of Annex I to this Guideline on a best estimate basis, where data are available; (c) Issuance and redemption of IF shares/units in Section 9, Table 2, of Annex I to Regulation (EU) 2024/1988 (ECB/2024/17).

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

3 Statistical information on revaluation adjustments and reclassification adjustments referred to in paragraph 2 shall be reported in accordance with Annex II. 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 and upon request by the ECB.

4 The statistical information reported pursuant to paragraph 1 shall be reported for each of the following types of IF, on the basis of their investment policy as described in Part 5, Table E, of Annex II to Regulation (EU) 2024/1988 (ECB/2024/17): (a) equity funds; (b) bond funds; (c) mixed funds; (d) real estate funds; (e) hedge funds; (f) loan/credit funds; (g) commodity funds; (h) infrastructure funds; (i) other funds; (j) exchange-traded funds (ETFs), as an “of-which” position of “total funds”; (k) private equity funds (including venture capital funds), as an “of which” position of “total funds”. The IFs referred to in points (a) to (i) of the first subparagraph shall be broken down into (i) open-end funds and closed-end funds, and (ii) undertakings for collective investments in transferable securities (UCITS) funds and non-UCITS funds as described in Part 5, Table E, of Annex II to Regulation (EU) 2024/1988 (ECB/2024/17).

5 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 Article 6(3) of Regulation (EU) 2024/1988 (ECB/2024/17) 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 Annex I to Regulation (EU) 2024/1988 (ECB/2024/17) and Part 1, Table 1, of Annex I to this Guideline.

6 Where NCBs grant derogations to IFs in accordance with Article 10(1) and (2) of Regulation (EU) 2024/1988 (ECB/2024/17), they shall gross up to 100 % the statistical information to be reported pursuant to paragraph 1 of this Article. 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 10(3) of Regulation (EU) 2024/1988 (ECB/2024/17), 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 subsector referred to in paragraph 2 of this Article; (b) no IF subsector referred to in paragraph 2 of this Article shall be excluded.

7 Where NCBs grant derogations to IFs in accordance with Article 10(5), 10(6), 10(7) or 10(10) of Regulation (EU) 2024/1988 (ECB/2024/17), they shall gross up to 100 % the statistical information to be reported pursuant to paragraph 1 of this Article.

8 NCBs may revise the statistical information reported pursuant to paragraph 1 at any time except 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), during which NCBs may only revise the latest and previous monthly statistical information. For the purposes of the first subparagraph, NCBs may revise statistical information covering previous reference periods at any time where this significantly improves the quality of the information. For the purposes of this paragraph, 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.’

NCBs shall report to the ECB the statistical information referred to in Article 3 of this Guideline by close of business on the 28th working day following the end of the month to which the statistical information relates, as referred to in Article 8(2)(a) of Regulation (EU) 2024/1988 (ECB/2024/17).’

1 NCBs shall report to the ECB statistical information set out in Article 5b for selected IFs which are resident in their euro area Member States. The panel of IFs covered in the reporting shall comprise at a minimum the largest IFs in each UCITS and non-UCITS category specified in Article 3(4), accounting for at least 60 % of the value of the total IF shares/units issued in each UCITS and non-UCITS category in each Member State. IFs granted derogations in accordance with Article 10(1), (2), (5) and (6) of Regulation (EU) 2024/1988 (ECB/2024/17) shall be excluded from the value of the total IF shares/units issued and shall be excluded from the panel.

2 NCBs may choose not to report to the ECB IFs with total IF shares/units issued less than EUR 50 million, irrespectively of the percentage threshold referred to in paragraph 1.

3 NCBs shall review the composition of the panel at least every two years.

4 IFs included in the panel shall be subsequently excluded from the panel only where they leave the actual reporting population of IFs due to closure, merger or reclassification into another sector.

1 NCBs shall report to the ECB statistical information collected in accordance with Article 5(1), points (a) and (b), of Regulation (EU) 2024/1988 (ECB/2024/17) on the end-month outstanding amounts of assets and liabilities and issuance and redemption of IF shares/units issued specified in Part 1, Table 2, of Annex I to this Guideline, of the IFs referred to in Article 5a of this Guideline.

2 Where NCBs revise the aggregated statistical information in accordance with Article 3(8), they shall also revise the statistical information on individual IF statistics pursuant to paragraph 1 where necessary. NCBs shall transmit such revisions to the ECB within one month following the transmission of revisions of the aggregated statistical information pursuant to Article 3(8).

1 NCBs shall report to the ECB the statistical information pursuant to Article 5b(1) by the following dates: (a) for reference periods in 2026, by close of business on the 50th working day following the reference period to which the statistical information relates; (b) for reference periods in 2027 and 2028, by close of business on the 35th working day following the reference period to which the statistical information relates; (c) for reference periods from 2029 onwards, by close of business on the 28th working day following the reference period to which the statistical information relates.

2 NCBs shall report to the ECB statistical information pursuant to Article 5b(1) of this Guideline where derogations are granted to IFs in accordance with Article 10(7) of Regulation (EU) 20241988 (ECB/2024/17), by the following dates: (a) for reference periods in 2026, by close of business on the 50th working day following the latest reference period for which the statistical information is available; (b) for reference periods in 2027 and 2028, by close of business on the 35th working day following the latest reference period for which the statistical information is available; (c) for reference periods from 2029 onwards, by close of business on the 28th working day following the latest reference period for which the statistical information is available.’

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 December 2025. However, they shall comply with Article 1(8) of this Guideline from the date this Guideline takes effect.

This Guideline is addressed to all Eurosystem central banks.