This document is an excerpt from the EUR-Lex website
Document 32015O0019
Guideline (EU) 2015/948 of the European Central Bank of 16 April 2015 amending Guideline ECB/2013/7 concerning statistics on holdings of securities (ECB/2015/19)
Guideline (EU) 2015/948 of the European Central Bank of 16 April 2015 amending Guideline ECB/2013/7 concerning statistics on holdings of securities (ECB/2015/19)
Guideline (EU) 2015/948 of the European Central Bank of 16 April 2015 amending Guideline ECB/2013/7 concerning statistics on holdings of securities (ECB/2015/19)
OJ L 154, 19.6.2015, p. 15–27
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
In force
|
19.6.2015 |
EN |
Official Journal of the European Union |
L 154/15 |
GUIDELINE (EU) 2015/948 OF THE EUROPEAN CENTRAL BANK
of 16 April 2015
amending Guideline ECB/2013/7 concerning statistics on holdings of securities (ECB/2015/19)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Articles 5.1, 12.1 and 14.3 thereof,
Having regard to Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank (1),
Having regard to Regulation (EU) No 1011/2012 of the European Central Bank of 17 October 2012 concerning statistics on holdings of securities (ECB/2012/24) (2),
Whereas:
|
(1) |
Considering the introduction of direct reporting of statistical information by insurance corporations in Regulation (EU) No 1374/2014 of the European Central Bank (ECB/2014/50) (3), and the close links with the data to be collected by national competent authorities (NCAs) for supervisory purposes under the framework established by Directive 2009/138/EC of the European Parliament and of the Council (4), Regulation (EU) No 1011/2012 (ECB/2012/24) has been amended to include data required to be directly reported by insurance corporations (ICs). Guideline ECB/2013/7 (5) also needs to be amended since it defines the necessary procedures for the national central banks (NCBs) to report to the European Central Bank (ECB). |
|
(2) |
Therefore, Guideline ECB/2013/7 should be amended accordingly, |
HAS ADOPTED THIS GUIDELINE:
Article 1
Amendments
Guideline ECB/2013/7 is amended as follows:
|
(1) |
in Article 3, paragraph 1 is replaced by the following: ‘1. NCBs shall collect and report to the ECB statistical information on holdings of securities with an ISIN code, on a security-by-security basis, in accordance with the reporting schemes in Annex I, Part 1 (Tables 1 to 3) and Part 2 (Tables 1 to 3), and in compliance with electronic reporting standards which are laid down separately, for the following types of instruments: short-term debt securities (F.31); long-term debt securities (F.32); listed shares (F.511) and investment fund shares or units (F.52). NCBs' reporting obligations shall cover end-of-quarter positions and either (i) end-of-quarter financial transactions over the reference quarter, or (ii) end-of-month or end-of-quarter data that are necessary to derive financial transactions, as laid down in paragraph 2. NCBs shall also report end-of-year positions, as laid down in Article 3(2b) of Regulation (EU) No 1011/2012 (ECB/2012/24) in accordance with the reporting scheme in Annex I, Part 3 (Tables 1 to 2) of this Guideline. Financial transactions or data necessary to derive financial transactions that are reported by actual reporting agents to NCBs in accordance with Part 1 of Annex I to Regulation (EU) No 1011/2012 (ECB/2012/24) shall be measured as laid down in Part 3 of Annex II to Regulation (EU) No 1011/2012 (ECB/2012/24).’; |
|
(2) |
in Article 3, paragraph 2, the following point (c) is added:
|
|
(3) |
in Article 4, paragraph 1 is replaced by the following: ‘1. NCBs may decide whether to report to the ECB statistical information covering securities without an ISIN code held by monetary financial institutions (MFIs), investment funds (IFs), financial vehicle corporations engaged in securitisation transactions (FVCs), ICs and heads of reporting groups subject to Regulation (EU) No 1011/2012 (ECB/2012/24) or held by custodians on behalf of: (i) resident investors not subject to Regulation (EU) No 1011/2012 (ECB/2012/24); (ii) non-financial investors resident in other euro area Member States; or (iii) investors resident in non-euro area Member States, as defined in Regulation (EU) No 1011/2012 (ECB/2012/24), that are not granted a derogation from reporting requirements under Regulation (EU) No 1011/2012 (ECB/2012/24).’. |
Article 2
Amendments to Annex I to Guideline ECB/2013/7
Annex I to Guideline ECB/2013/7 is amended in accordance with the Annex to this Guideline.
Article 3
Taking effect and implementation
This Guideline shall take effect on the day of its notification to the NCBs. The Eurosystem central banks shall comply with this Guideline from the date of entry into force of Regulation (EU) 2015/730 of the European Central Bank (ECB/2015/18) (6).
Article 4
Addressees
This Guideline is addressed to all Eurosystem central banks.
Done at Frankfurt am Main, 16 April 2015.
For the Governing Council of the ECB
The President of the ECB
Mario DRAGHI
(1) OJ L 318, 27.11.1998, p. 8.
(2) OJ L 305, 1.11.2012, p. 6.
(3) Regulation (EU) No 1374/2014 of the European Central Bank of 28 November 2014 on statistical reporting requirements for insurance corporations (ECB/2014/50) (OJ L 366, 20.12.2014, p. 36).
(4) Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (OJ L 335, 17.12.2009, p. 1).
(5) Guideline ECB/2013/7 of 22 March 2013 concerning statistics on holdings of securities (OJ L 125, 7.5.2013, p. 17).
(6) Regulation (EU) 2015/730 of the European Central Bank of 16 April 2015 amending Regulation (EU) No 1011/2012 concerning statistics on holdings of securities (ECB/2012/24) (ECB/2015/18) (OJ L 116, 7.5.2015, p. 5).
ANNEX
Annex I to Guideline ECB/2013/7 is amended as follows:
|
(1) |
in Part 1, Table 2 is replaced by the following: ‘Table 2 Information on holdings of securities
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
(2) |
in Part 2, Table 2 is replaced by the following: ‘Table 2 Information on holdings of securities
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
(3) |
in Part 2, Table 4 is replaced by the following: ‘Table 4 Holdings of securities without an ISIN code
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
(4) |
the following Part 3 is added: ‘PART 3 Annual holdings of securities by ICs Table 1 General information and explanatory notes
Table 2 Information on holdings of securities
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(1) The electronic reporting standards are laid down separately.
(2) M: mandatory attribute; V: voluntary attribute.
(3) The numbering of categories throughout this Guideline reflects the numbering introduced in ESA 2010.
(4) Other financial intermediaries (S.125) plus financial auxiliaries (S.126) plus captive financial institutions and money lenders (S.127).
(5) Only if sectors S.11, S.13 and S.15 are not reported separately.
(6) For data reported by non-euro area NCBs, only for reporting holdings by non-resident investors.
(7) Unallocated sector resident in the holder country; i.e. unknown sectors of unknown countries should not be reported. NCBs shall inform SHSDB operators of the reason for the unknown sector, in the event of statistically relevant values.
(8) Only if direct and custodian reporting cannot be distinguished.
(9) Not reported if market values (and the respective other changes in volume/transactions) are reported.
(10) The inclusion of accrued interest is recommended, on a best efforts basis.
(11) If an NCB reports the confidentiality status, this attribute may not be reported. The amount may refer to the largest single investor, instead of the two largest investors, under the responsibility of the reporting NCB.
(12) NCBs are encouraged to report nominal value in number of units when securities are quoted in units in the CSDB.
(13) To be reported only if transactions are not derived from positions in the SHSDB.
(14) To be reported only for transactions collected from reporting agents, not reported for transactions derived from positions by NCBs.
(15) To be reported if the corresponding amount of the two largest investors for positions, transactions, other changes in volume, respectively, is not available/provided.
(16) To be used only if transactions are derived from positions by NCBs. In such cases the confidentiality status will be derived by the SHSDB, i.e. if the initial and/or final positions are confidential, the derived transaction is flagged as confidential.’;
(17) The electronic reporting standards are laid down separately.
(18) M: mandatory attribute; V: voluntary attribute.
(19) Identifier to be defined separately.
(20) NCBs may report according to four alternative options: (1) aggregated for all entities of the group including the head office; (2) aggregated for entities resident in the country of the head office; and aggregated for entities non-resident in the country of the head office, respectively; (3) aggregated for entities resident in the country of the head office; aggregated for entities resident in another euro area country; aggregated for entities resident outside the euro area; (4) entity by entity.
(21) Not reported if market values are reported.
(22) NCBs are encouraged to report nominal value in number of units when securities are quoted in units in the CSDB.
(23) The inclusion of accrued interest is recommended, on a best efforts basis.’;
(24) The electronic reporting standards are laid down separately.
(25) M: mandatory attribute; V: voluntary attribute.
(26) Not required for securities reported on an aggregated basis.
(27) NCBs should preferably use the same securities identification number for each security over several years. In addition, each securities identification number should be related to only one, security. NCBs must inform the SHSDB operators if they are not in a position to do so. CUSIP and SEDOL codes may be treated as NCB internal numbers.
(28) NCBs should specify in the metadata the type of identification number used.
(29) These securities will not be included in the production of aggregates.
(30) To calculate positions at market value from positions at nominal value.’;
(31) The electronic reporting standards are laid down separately.
(32) M: mandatory attribute; V: voluntary attribute.
(33) The electronic reporting standards are laid down separately.
(34) M: mandatory attribute; V: voluntary attribute.
(35) Only if direct and custodian reporting cannot be distinguished.
(36) Not reported if market values are reported.
(37) The inclusion of accrued interest is recommended, on a best efforts basis.
(38) Not reported if market values (and the respective other changes in volume/transactions) are reported.’.