# L_2020241EN.01003201.xml

| 27.7.2020 | EN | Official Journal of the European Union | L 241/32 |
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27.7.2020

EN

Official Journal of the European Union

L 241/32

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DECISION (EU) 2020/1100 OF THE EUROPEAN CENTRAL BANK

of 17 July 2020

amending Decision (EU) 2015/32 concerning derogations that may be granted under Regulation (EU) No 1073/2013 (ECB/2020/33)

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to Regulation (EU) No 1073/2013 of the European Central Bank of 18 October 2013 concerning statistics on the assets and liabilities of investment funds (ECB/2013/38) (1), and in particular Article 8(2) thereof,

Whereas:

| (1) | Article 8(2) of Regulation (EU) No 1073/2013 (ECB/2013/38) provides that derogations from statistical reporting requirements may be granted to investment funds (IFs) that are subject to national accounting rules which allow the valuation of their assets less frequently than quarterly. It further provides that the IF categories to which the national central banks (NCBs) have the discretion to grant derogations are to be decided by the Governing Council. The list of those IF categories is contained in a Decision adopted by the Governing Council. |
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(1)

Article 8(2) of Regulation (EU) No 1073/2013 (ECB/2013/38) provides that derogations from statistical reporting requirements may be granted to investment funds (IFs) that are subject to national accounting rules which allow the valuation of their assets less frequently than quarterly. It further provides that the IF categories to which the national central banks (NCBs) have the discretion to grant derogations are to be decided by the Governing Council. The list of those IF categories is contained in a Decision adopted by the Governing Council.

| (2) | In the course of the review prescribed by Article 1 of Decision (EU) 2015/32 of the European Central Bank (ECB/2014/62) (2), the Governing Council determined that it is necessary to include further investment fund categories for which derogations may be granted under Article 8(2) of Regulation (EU) No 1073/2013 (ECB/2013/38) for Austria, Latvia, Lithuania and Portugal, remove investment fund categories for France that no longer apply, and make minor amendments resulting from changes to certain national legal acts. |
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(2)

In the course of the review prescribed by Article 1 of Decision (EU) 2015/32 of the European Central Bank (ECB/2014/62) (2), the Governing Council determined that it is necessary to include further investment fund categories for which derogations may be granted under Article 8(2) of Regulation (EU) No 1073/2013 (ECB/2013/38) for Austria, Latvia, Lithuania and Portugal, remove investment fund categories for France that no longer apply, and make minor amendments resulting from changes to certain national legal acts.

| (3) | Therefore, Decision (EU) 2015/32 (ECB/2014/62) should be amended accordingly, |
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(3)

Therefore, Decision (EU) 2015/32 (ECB/2014/62) should be amended accordingly,

HAS ADOPTED THIS DECISION:

Article 1

Amendment

The Annex to Decision (EU) 2015/32 (ECB/2014/62) is replaced by the Annex to this Decision.

Article 2

Taking effect

This Decision shall take effect on the day of its notification to the addressees.

Article 3

Addressees

This Decision is addressed to the NCBs of the Member States whose currency is the euro.

Done at Frankfurt am Main, 17 July 2020.

The President of the ECB

Christine LAGARDE

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(1)  
  OJ L 297, 7.11.2013, p. 73.

1

(2)  Decision (EU) 2015/32 of the European Central Bank of 29 December 2014 concerning derogations that may be granted under Regulation (EU) No 1073/2013 concerning statistics on the assets and liabilities of investment funds (ECB/2013/38) (ECB/2014/62) (OJ L 5, 9.1.2015, p. 17).

2

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ANNEX

The Annex to Decision (EU) 2015/32 (ECB/2014/62) is replaced by the following:

‘ANNEX

INVESTMENT FUND CATEGORIES FOR WHICH DEROGATIONS MAY BE GRANTED UNDER ARTICLE 8(2) OF REGULATION (EU) No 1073/2013 (ECB/2013/38)

| Member State | Name of IF category | Legal act relating to the category | Legal act determining the frequency of valuation | Frequency of valuation under national legislation |
| --- | --- | --- | --- | --- |
| Title of legal act | Number/date of legal act | Relevant provisions | Title of legal act | Number/date of legal act | Relevant provisions |
| Austria | Alternative Investmentfonds

  (Alternative investment funds for professional investors) | Alternative Investmentfonds Manager-Gesetz – AIFMG 2013

  (Law on alternative investment fund management companies) | BGBl. I Nr. 135/2013 | AIFMG 2013 § 2

  and not

  subject to AIFMG § 48 | Alternative Investmentfonds Manager-Gesetz – AIFMG 2013

  (Law on alternative investment fund management companies) | BGBl. I Nr. 135/2013 | AIFMG 2013 §17 (3) | Annual |
| Austria | Immobilienfonds

  (Real estate investment funds) | Immobilien-Investmentfondsgesetz – ImmoInvFG 2003

  (Law on real estate investment funds) | BGBl. I Nr. 80/2003 | ImmoInvFG 2003 § 1 | Immobilien-Investmentfondsgesetz – ImmoInvFG 2003

  (Law on real estate investment funds) | BGBl. I Nr. 80/2003 | ImmoInvFG 2003 § 29 (2) | Annual |
| France | Fonds commun de placement à risque

  (Venture capital mutual funds) | Code monétaire et
  financier

  (Monetary and Financial Code) | | Chapter IV, Section 2, Paragraph 2,
  L214-28
  to
  L214-32 | Règlement général de l’Autorité des Marchés
  Financiers

  (General Regulation of the Financial Markets Authority) | | Book IV,
  Title II,
  Article 422-120-13 | Biannual |
| Italy | Fondi chiusi

  (Closed funds) | Decreto legislativo – Testo unico delle disposizioni in materia di intermediazione finanziaria

  (Legislative decree – all provisions in the field of financial intermediation) | No 58 of 24 February 1998 | Part I, Article 1
  Part II, Articles 36, 37 and 39 | Provvedimento della Banca d’Italia – Regolamento sulla gestione collettiva del risparmio

  (Act of the Banca d’Italia – Regulation on the collective management of savings) | 23 December 2016 | Title V, Chapter 1, Section II, paragraph 4.6 | Annual |
| Decreto ministeriale –


  Regolamento attuativo dell’articolo 37 del Decreto legislativo di 24 febbraio 1998, nr. 58

  (Ministerial decree
  – Regulation implementing Article 37 of Legislative decree No 58 of 24 February 1998) | No 228 of 24 May 1999 | Chapter II, Article 12 |
| Latvia | Alternatīvo ieguldījumu fondi

  (Alternative Investment Funds) | Alternatīvo ieguldījumu fondu un to pārvaldnieku likums

  (Law on Alternative Investment Funds and Managers Thereof) | Law of 9 July 2013 | Chapter III, Part 6 of Section 27 | Alternatīvo ieguldījumu fondu un to pārvaldnieku likums

  (Law on Alternative Investment Funds and Managers Thereof) | Law of 9 July 2013 | Chapter III, Part 6 of Section 27 | Annual |
| Lithuania | Informuotiesiems investuotojams skirti kolektyvinio investavimo subjektai

  (Collective investment undertakings intended for informed investors) | Informuotiesiems investuotojams skirtų kolektyvinio investavimo subjektų įstatymas

  (Law on Collective Investment Undertakings Intended for Informed Investors) | No XII-376 of 18 June 2013
  (As last amended on 12 December 2019) | Article 2(5) | Informuotiesiems investuotojams skirtų kolektyvinio investavimo subjektų įstatymas

  (Law on Collective Investment Undertakings Intended for Informed Investors) | No XII-376 of 18 June 2013
  (As last amended on 12 December 2019) | Article 42(2) | Biannual/annual |
| Lithuania | Alternatyvieji kolektyvinio investavimo subjektai

  (Alternative collective investment undertakings) | Alternatyviųjų kolektyvinio investavimo subjektų valdytojų įstatymas

  (Law on Managers of Alternative Collective Investment Undertakings) | No XII-1467 of 18 December 2014
  (As last amended on 12 December 2019) | Article 3(13) | Alternatyviųjų kolektyvinio investavimo subjektų valdytojų įstatymas

  (Law on Managers of Alternative Collective Investment Undertakings) | No XII-1467 of 18 December 2014
  (As last amended on 12 December 2019) | Article 16(1) | Biannual/annual |
| Portugal | Fundos de capital de risco

  (Private equity and Venture capital funds) | Lei

  (Law) | No 18/2015 of 4 March 2015 | Article 1 and 3 | Regulamento da Comissão do Mercado de Valores Mobiliários

  (Securities Market Commission Regulation)

  Instrução da Comissão do Mercado de Valores Mobiliários

  (Securities Market Commission Guideline) | No 3/2015 of 3 November 2015
  No 7/2016 of 29 November 2016 | Articles 2 and 15§1
  Rule 2 | Biannual |
| Portugal | Fundos de empreendedorismo social

  (Social entrepreneurship Funds)

  Organismos de investimento alternativo especializado

  (Specialised alternative investment funds) | Lei

  (Law) | No 18/2015 of 4 March 2015 | Article 1 and 4
  Article 1 and 5 | Regulamento da Comissão do Mercado de Valores Mobiliários

  (Securities Market Commission Regulation) | No 3/2015 of 3 November 2015 | Articles 2 and 15 §2 | Annual |

Member State

Name of IF category

Legal act relating to the category

Legal act determining the frequency of valuation

Frequency of valuation under national legislation

Title of legal act

Number/date of legal act

Relevant provisions

Title of legal act

Number/date of legal act

Relevant provisions

Austria

Alternative Investmentfonds

(Alternative investment funds for professional investors)

Alternative Investmentfonds Manager-Gesetz – AIFMG 2013

(Law on alternative investment fund management companies)

BGBl. I Nr. 135/2013

AIFMG 2013 § 2

and not

subject to AIFMG § 48

Alternative Investmentfonds Manager-Gesetz – AIFMG 2013

(Law on alternative investment fund management companies)

BGBl. I Nr. 135/2013

AIFMG 2013 §17 (3)

Annual

Austria

Immobilienfonds

(Real estate investment funds)

Immobilien-Investmentfondsgesetz – ImmoInvFG 2003

(Law on real estate investment funds)

BGBl. I Nr. 80/2003

ImmoInvFG 2003 § 1

Immobilien-Investmentfondsgesetz – ImmoInvFG 2003

(Law on real estate investment funds)

BGBl. I Nr. 80/2003

ImmoInvFG 2003 § 29 (2)

Annual

France

Fonds commun de placement à risque

(Venture capital mutual funds)

Code monétaire et
  financier

(Monetary and Financial Code)

Chapter IV, Section 2, Paragraph 2,

L214-28

to

L214-32

Règlement général de l’Autorité des Marchés
  Financiers

(General Regulation of the Financial Markets Authority)

Book IV,

Title II,

Article 422-120-13

Biannual

Italy

Fondi chiusi

(Closed funds)

Decreto legislativo – Testo unico delle disposizioni in materia di intermediazione finanziaria

(Legislative decree – all provisions in the field of financial intermediation)

No 58 of 24 February 1998

Part I, Article 1

Part II, Articles 36, 37 and 39

Provvedimento della Banca d’Italia – Regolamento sulla gestione collettiva del risparmio

(Act of the Banca d’Italia – Regulation on the collective management of savings)

23 December 2016

Title V, Chapter 1, Section II, paragraph 4.6

Annual

Decreto ministeriale –

Regolamento attuativo dell’articolo 37 del Decreto legislativo di 24 febbraio 1998, nr. 58

(Ministerial decree

– Regulation implementing Article 37 of Legislative decree No 58 of 24 February 1998)

No 228 of 24 May 1999

Chapter II, Article 12

Latvia

Alternatīvo ieguldījumu fondi

(Alternative Investment Funds)

Alternatīvo ieguldījumu fondu un to pārvaldnieku likums

(Law on Alternative Investment Funds and Managers Thereof)

Law of 9 July 2013

Chapter III, Part 6 of Section 27

Alternatīvo ieguldījumu fondu un to pārvaldnieku likums

(Law on Alternative Investment Funds and Managers Thereof)

Law of 9 July 2013

Chapter III, Part 6 of Section 27

Annual

Lithuania

Informuotiesiems investuotojams skirti kolektyvinio investavimo subjektai

(Collective investment undertakings intended for informed investors)

Informuotiesiems investuotojams skirtų kolektyvinio investavimo subjektų įstatymas

(Law on Collective Investment Undertakings Intended for Informed Investors)

No XII-376 of 18 June 2013

(As last amended on 12 December 2019)

Article 2(5)

Informuotiesiems investuotojams skirtų kolektyvinio investavimo subjektų įstatymas

(Law on Collective Investment Undertakings Intended for Informed Investors)

No XII-376 of 18 June 2013

(As last amended on 12 December 2019)

Article 42(2)

Biannual/annual

Lithuania

Alternatyvieji kolektyvinio investavimo subjektai

(Alternative collective investment undertakings)

Alternatyviųjų kolektyvinio investavimo subjektų valdytojų įstatymas

(Law on Managers of Alternative Collective Investment Undertakings)

No XII-1467 of 18 December 2014

(As last amended on 12 December 2019)

Article 3(13)

Alternatyviųjų kolektyvinio investavimo subjektų valdytojų įstatymas

(Law on Managers of Alternative Collective Investment Undertakings)

No XII-1467 of 18 December 2014

(As last amended on 12 December 2019)

Article 16(1)

Biannual/annual

Portugal

Fundos de capital de risco

(Private equity and Venture capital funds)

Lei

(Law)

No 18/2015 of 4 March 2015

Article 1 and 3

Regulamento da Comissão do Mercado de Valores Mobiliários

(Securities Market Commission Regulation)

Instrução da Comissão do Mercado de Valores Mobiliários

(Securities Market Commission Guideline)

No 3/2015 of 3 November 2015

No 7/2016 of 29 November 2016

Articles 2 and 15§1

Rule 2

Biannual

Portugal

Fundos de empreendedorismo social

(Social entrepreneurship Funds)

Organismos de investimento alternativo especializado

(Specialised alternative investment funds)

Lei

(Law)

No 18/2015 of 4 March 2015

Article 1 and 4

Article 1 and 5

Regulamento da Comissão do Mercado de Valores Mobiliários

(Securities Market Commission Regulation)

No 3/2015 of 3 November 2015

Articles 2 and 15 §2

Annual

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