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II Acts whose publication is not obligatory

European Central Bank

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            GUIDELINE OF THE EUROPEAN CENTRAL BANK         

of 17 November 2005         

amending Guideline ECB/2002/7 on the statistical reporting requirements of the European Central Bank in the field of quarterly financial accounts

(ECB/2005/13)

(2006/43/EC)

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 to Articles 5.1 and 5.2, 12.1 and 14.3 thereof,

Whereas:

HAS ADOPTED THIS GUIDELINE:

Article 1

Guideline ECB/2002/7 is amended as follows:

Article 2

This Guideline shall enter into force on 1 April 2006.

Article 3

This Guideline is addressed to the NCBs of participating Member States.

Done at Frankfurt am Main, 17 November 2005.

For the Governing Council of the ECB

The President of the ECB

Jean-Claude TRICHET            

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(1)OJ L 334, 11.12.2002, p. 24.

(2)OJ L 81, 19.3.2004, p. 1.

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ANNEX I

                     ‘ANNEX I

DATA REPORTING REQUIREMENTS

Table 1

Financial assets — on a non-consolidated basis except the financial assets of the general government subsectors (S.1311, S.1312, S.1313 and S.1314), which are on a consolidated basis (1)

Table 2

Liabilities — on a non-consolidated basis except the liabilities of the general government subsectors (S.1311, S.1312, S.1313 and S.1314), which are on a consolidated basis (4)

Table 3

Deposits, non-consolidated

Table 4

Short-term loans, non-consolidated

Table 5

Long-term loans, non-consolidated

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(1)  ESA 95 codes are used to classify institutional sectors (see Chapter 2 of the ESA 95), financial transactions (see Chapter 5 of the ESA 95) and outstanding amounts (see Chapter 7 of the ESA 95).

(2)  The data requirements for outstanding amounts and transactions are identical, except for monetary gold and SDRs (AF.1) as an asset item of the rest of the world, which is only requested for transactions.

(3)  NPISHs are non-profit institutions serving households (S.15).

(*1)  Pursuant to Article 2.1, the NCBs transmit separate data for the institutional subsectors S.123 and S.124 or, if they are unable to compile separate data, they transmit combined data for the institutional subsectors S.123+S.124.

(4)  The ESA 95 codes are used to classify institutional sectors (see Chapter 2 of the ESA 95), financial transactions (see Chapter 5 of the ESA 95) and outstanding amounts (see Chapter 7 of the ESA 95).

(5)  The data requirements for outstanding amounts and transactions are identical.

(6)  NPISHs are non-profit institutions serving households (S.15).

(7)  Or net lending/net borrowing in the case of transactions.

(*2)  Pursuant to Article 2.1, the NCBs transmit separate data for the institutional subsectors S.123 and S.124 or, if they are unable to compile separate data, they transmit combined data for the institutional subsectors S.123+S.124.

(8)  The ESA 95 codes are used to classify institutional sectors (see Chapter 2 of the ESA 95), financial transactions (see Chapter 5 of the ESA 95) and outstanding amounts (see Chapter 7 of the ESA 95).

(9)  The data requirements for outstanding amounts and transactions are identical.

(*3)  Pursuant to Article 2.1, the NCBs transmit separate data for the institutional subsectors S.123 and S.124 or, if they are unable to compile separate data, they transmit combined data for the institutional subsectors S.123+S.124.

(10)  The ESA 95 codes are used to classify institutional sectors (see Chapter 2 of the ESA 95), financial transactions (see Chapter 5 of the ESA 95) and outstanding amounts (see Chapter 7 of the ESA 95).

(11)  The data requirements for outstanding amounts and transactions are identical.

(*4)  Pursuant to Article 2.1, the NCBs transmit separate data for the institutional subsectors S.123 and S.124 or, if they are unable to compile separate data, they transmit combined data for the institutional subsectors S.123+S.124.

(12)  The ESA 95 codes are used to classify institutional sectors (see Chapter 2 of the ESA 95), financial transactions (see Chapter 5 of the ESA 95) and outstanding amounts (see Chapter 7 of the ESA 95).

(13)  The data requirements for outstanding amounts and transactions are identical.

(*5)  Pursuant to Article 2.1, the NCBs transmit separate data for the institutional subsectors S.123 and S.124 or, if they are unable to compile separate data, they transmit combined data for the institutional subsectors S.123+S.124.’         

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ANNEX II

                     ‘ANNEX II

TRANSMISSION AND CODING STANDARDS

For the electronic transmission of the statistical information as described in Article 2, the NCBs use the facility provided by the ESCB, which relies upon the telecommunication network “ESCB-Net”. The message format developed for this exchange of statistical information is the “Gesmes/TS” format. Each time series is coded using the MUFA key family shown below.

MUFA key family

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ANNEX III

                     ‘ANNEX III

DEROGATIONS RELATING TO THE TIME SERIES LISTED IN ANNEX I, TABLES 1 TO 5 (1)

1.   Current data (2)

2.   Back data (4)

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(1)  Abbreviations: NFCs = non-financial corporations (S.11); MFIs = monetary financial institutions (S.121 + 122); OFIFAs = other financial intermediaries (except insurance corporations and pension funds) and financial auxiliaries (S.123 + S.124); OFIs = other financial intermediaries, except insurance corporations and pension funds (S.123); FAs = financial auxiliaries (S.124); ICPFs = insurance corporations and pension funds (S.125); GG = general government (S.13); CG = central government (S.1311); SG = state government (S.1312); LG = local government (S.1313); SS = social security funds (S.1314); HHs = households and non-profit institutions serving households (S.14 + S.15); RoW = rest of the world (S.2); SDRs = special drawing rights.

(2)  Derogations in respect of current data automatically include corresponding derogations in respect of back data.

(3)  The quarters in this column indicate the quarters in which the first transmission will take place. The first transmission is subject to the time lag specified in Article 4(1).

(4)  Derogations are in respect of back data only, current data being available.

(5)  The quarters in this column indicate the quarters in which the first transmission will take place. The transmission is subject to the time lag specified in Article 4(1).

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            GUIDELINE OF THE EUROPEAN CENTRAL BANK         

of 30 December 2005         

amending Guideline ECB/2000/7 on monetary policy instruments and procedures of the Eurosystem

(ECB/2005/17)

(2006/44/EC)

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Treaty establishing the European Community and in particular to the first indent of Article 105(2),

Having regard to the Statute of the European System of Central Banks and of the European Central Bank and in particular Articles 12.1 and 14.3 in conjunction with the first indent of Article 3.1, Article 18.2 and the first paragraph of Article 20,

Whereas:

HAS ADOPTED THIS GUIDELINE:

Article 1

Annex I to Guideline ECB/2000/7 is amended in accordance with the Annex to this Guideline.

Article 2

The NCBs of participating Member States shall forward details of the texts and means by which they intend to comply with this Guideline to the ECB by 1 March 2006 at the latest.

Article 3

This Guideline shall enter into force two days after its adoption. Article 1 shall apply from 1 May 2006.

Article 4

This Guideline is addressed to the NCBs of participating Member States.

Done at Frankfurt am Main, 30 December 2005.

For the Governing Council of the ECB

The President of the ECB

Jean-Claude TRICHET            

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(1)OJ L 310, 11.12.2000, p. 1. Guideline as last amended by Guideline ECB/2005/2 (OJ L 111, 2.5.2005, p. 1).

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ANNEX

Annex I is amended as follows (1):

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(*1)  Debt instruments affording rights to the principal and/or the interest that are subordinated to the rights of holders of other debt instruments of the same issuer (or, within a structured issue, subordinated to other tranches of the same issue) are excluded from tier one. A tranche (or sub-tranche) is considered to be non-subordinated vis-à-vis other tranches (or sub-tranches) of the same issue and is “senior” if, in accordance with the priority of payment applicable after the delivery of an enforcement notice, as set out in the offering circular, that tranche (or sub-tranche) receives payment (principal and interest) in priority to other tranches or other sub-tranches or is last in incurring losses in relation to underlying assets.

(*2)  Council Directive 85/611/EEC of 20 December 1985 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (OJ L 375, 31.12.1985, p. 3). Directive as last amended by Directive 2005/1/EC (OJ L 79, 24.3.2005, p. 9).’         ”

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(1)  Amendments follow the format and footnote numbering in Annex I as adopted by the Governing Council on 3 February 2005 and published on the ECB's website.

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