# L_2015154EN.01001501.xml

| 19.6.2015 | EN | Official Journal of the European Union | L 154/15 |
| --- | --- | --- | --- |

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),

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),

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). |
| --- | --- |

(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).

3

4

5

| (2) | Therefore, Guideline ECB/2013/7 should be amended accordingly, |
| --- | --- |

(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).’; |
| --- | --- |

(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:






  ‘(c) | with respect to holdings of securities by insurance corporations (ICs) on an annual basis, NCBs shall report data on end-of-year aggregated positions by close of business on the 70th calendar day following the end of the year to which the data relate.’; |
| --- | --- | --- |

(2)

in Article 3, paragraph 2, the following point (c) is added:

‘(c)

with respect to holdings of securities by insurance corporations (ICs) on an annual basis, NCBs shall report data on end-of-year aggregated positions by close of business on the 70th calendar day following the end of the year to which the data relate.’;

| (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).’. |
| --- | --- |

(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).

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.

1

(2)  OJ L 305, 1.11.2012, p. 6.

2

(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).

3

(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).

4

(5)  Guideline ECB/2013/7 of 22 March 2013 concerning statistics on holdings of securities (OJ L 125, 7.5.2013, p. 17).

5

(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).

6

---

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










  Reported information (1) | Attribute | Status (2) | Description |
| --- | --- | --- | --- | --- |
| 1. | Securities related information |

(1)

in Part 1, Table 2 is replaced by the following:

‘Table 2

Information on holdings of securities

Reported information (1)

Attribute

Status (2)

Description

1.

Holder sector

M

Sector/sub-sector of the investor.

Non-financial corporations (S.11) (3)

Deposit-taking corporations except central banks (S.122)

Money market funds (MMFs) (S.123)

Non-MMF investment funds (S.124)

Other financial corporations (4) excluding financial vehicle corporations engaged in securitisation transactions

Financial vehicle corporations engaged in securitisation transactions

Insurance corporations (S.128)

Pension funds (S.129)

Insurance corporations and pension funds (sub-sector not identified) (S.128+S.129) (transitional period)

Central government (S.1311) (voluntary breakdown)

State government (S.1312) (voluntary breakdown)

Local government (S.1313) (voluntary breakdown)

Social security funds (S.1314) (voluntary breakdown)

Other general government (sub-sector not identified)

Households excluding non-profit institutions serving households (S.14) (voluntary breakdown for resident investors, mandatory for third party holdings)

Non-profit institutions serving households (S.15) (voluntary breakdown)

Other households and non-profit institutions serving households (S.14+S.15) (sub-sector not identified)

Non-financial investors excluding households (only for third party holdings) (S.11+S.13+S.15) (5)

Central banks and general government to be reported only for holdings by non-euro area countries (S.121+S.13) (6)

Investors other than central banks and governments to be reported only for holdings by non-euro area countries (6)

Unknown sector (7)

Holder country

M

Country of residence of the investor

Source

M

Source of the submitted information on securities holdings

Direct reporting

Custodian reporting

Mixed reporting (8)

Not available

Function

M

Function of the investment according to the classification of balance of payments statistics

Direct investment

Portfolio investment

Not specified

Reporting basis

V

Indicates how the security is quoted, as a percentage or in units

Percentage

Units

Nominal currency

V

Currency in which the ISIN is denominated, reported when the reporting basis equals percentage

Positions

M

Total amount of securities held

At nominal value (9). Number of shares or units of a security or aggregated nominal amount (in nominal currency or euro) if the security is traded in amounts rather than in units, excluding the accrued interest

At market value. Amount held at the price quoted in the market in euro, including accrued interest (10)

Positions: of which amount

M (11)

Amount of securities held by the two largest investors

At nominal value, according to the same valuation method as positions

At market value, according to the same valuation method as positions

Format

M (9)

Specifies the format used for the positions at nominal value

Nominal value in euro or other relevant currency

Number of shares/units (12)

Other changes in volume

M

Other changes in the amount of the security held

At nominal value in the same format as the positions at nominal value

At market value in euro

Other changes in volume: of which amount

M (11)

Other changes in volume in the amount held by the two largest investors

At nominal value, according to the same valuation method as positions

At market value, according to the same valuation method as positions

Financial transactions

M (13)

Sum of purchases minus sales of a security, recorded at transaction value in euro including accrued interest (10)

Financial transactions: of which amount

M (14)

Sum of the two largest transactions in absolute terms by individual holders, according to the same valuation method as the financial transactions

Confidentiality status

M (15)

Confidentiality status for positions, transactions, other changes in volume

Not for publication, restricted for internal use only

Confidential statistical information

Not applicable (16)

| (2) | in Part 2, Table 2 is replaced by the following:

  ‘Table 2


  Information on holdings of securities










  Reported information (17) | Attribute | Status (18) | Description |
| --- | --- | --- | --- | --- |
| 1. | Securities related information |

(2)

in Part 2, Table 2 is replaced by the following:

‘Table 2

Information on holdings of securities

Reported information (17)

Attribute

Status (18)

Description

1.

Reporting group ID

M

ID of the reporting group (19)

Residency of the entities of the group

V

Residency of the entities of the group, when reported separately from head office (20)

Resident in the country of the head office

Not resident in the country of the head office

If not resident in the country of the head office, resident of other euro area countries

If not resident in the country of the head office, resident outside the euro area

Entity ID

V

ID of the entity of the group (19)

Country of residency of the entity

V

Country of legal incorporation or domicile of the entity

Group type

M

Group type

Banking group

Reporting basis

V

Indicates how the security is quoted, as a percentage or in units

Percentage

Units

Nominal currency

V

Currency in which the ISIN is denominated, reported when reporting basis equals percentage

Format

M (21)

Specifies the format used for the positions at nominal value

Nominal value in euro or other relevant currency

Number of shares/units (22)

Positions

M

Total amount of securities held

At nominal value (21). Number of shares or units of a security or aggregated nominal amount in nominal currency or euro if the security is traded in amounts rather than in units, excluding the accrued interest

At market value. Amount held of a security at the price quoted in the market in euro, including accrued interest (23)

Other changes in volume

V

Other changes in volume in the amount of the security held

At nominal value in the same format as the positions at nominal value (21)

At market value in euro

Financial transactions

V

Sum of purchases minus sales of a security, recorded at transaction value in euro including accrued interest (23)

Issuer is part of the reporting group

M

Indicates whether the security was issued by an entity of the same reporting group

| (3) | in Part 2, Table 4 is replaced by the following:

  ‘Table 4


  Holdings of securities without an ISIN code










  Reported information (24) | Attribute | Status (25) | Description |
| --- | --- | --- | --- | --- |
| 1. | Basic reference data |

(3)

in Part 2, Table 4 is replaced by the following:

‘Table 4

Holdings of securities without an ISIN code

Reported information (24)

Attribute

Status (25)

Description

1.

Aggregation flag

M

Type of data

Data reported on a security-by-security basis

Aggregated data (no security-by-security)

Securities identification number

M

Internal NCB identification number for holdings of securities without an ISIN code reported on a security-by-security basis, or on an aggregated basis

Securities identification number type

M (26)

Specifies the securities identification number for securities reported on a security-by-security basis (27)

NCB internal number

CUSIP

SEDOL

other (28)

Instrument classification

M

Classification of the security according to ESA 2010 and Regulation (EU) No 1011/2012 (ECB/2012/24)

Short-term debt securities

Long-term debt securities

Quoted shares

Investment fund shares

Other security types (29)

Issuer sector

M

Institutional sector of the issuer according to ESA 2010 and Regulation (EU) No 1011/2012 (ECB/2012/24)

Issuer country

M

Country of legal incorporation or domicile of the issuer of the security

Price value (30)

V

Price of the security at the end of the reference period

Price value basis (28)

V

Specifies the basis on which the price value is given

Euro or other relevant currency

Percentage

| 2. | Additional reference data |
| --- | --- |

2.

Issuer name

V

Name of the issuer

Short name

V

Short name of the security given by issuer, defined according to the characteristics of the issue and any other available information

Issuer is part of the reporting group

M

Indicates whether the security was issued by an entity of the same reporting group for securities reported on a security-by-security basis

Issue date

V

The date on which the securities are delivered to the underwriter by the issuer against payment. This is the date when the securities are available for delivery to investors for the first time

Maturity date

V

Date on which the debt instrument is redeemed

Amount outstanding

V

Amount outstanding converted into euro

Market capitalisation

V

Latest available market capitalisation in euro

Accrued interest

V

Interest accrued since the last coupon payments or the accrual start date

Last split factor

V

Stock splits and reverse splits of shares

Last split date

V

Date from which the stock split becomes effective

Coupon type

V

Type of coupon (fixed, floating, stepped, etc.)

Debt type

V

Type of debt instrument

Dividend amount

V

Amount of last dividend payment per share in dividend amount type before tax (gross dividend)

Dividend amount type

V

Denomination either in dividend currency or number of shares

Dividend currency

V

Currency of last dividend payment

Asset securitisation type

V

Type of securing asset

| (4) | the following Part 3 is added:
  ‘PART 3

  Annual holdings of securities by ICs


  Table 1


  General information and explanatory notes











  Reported information (31) | Attribute | Status (32) | Description |
| --- | --- | --- | --- | --- |
| 1. | General information |

(4)

the following Part 3 is added:

‘PART 3

Annual holdings of securities by ICs

Table 1

General information and explanatory notes

Reported information (31)

Attribute

Status (32)

Description

1.

Reporting institution

M

Identification code of the reporting institution

Submission date

M

Date on which the data are submitted to the SHSDB

Reference period

M

Period to which the data refer

Reporting frequency

M

Annual data

| 2. | Explanatory notes (metadata) |
| --- | --- |

2.

M

Treatment of early redemptions

M

Treatment of accrued interest

Table 2

Information on holdings of securities

| Reported information (33) | Attribute | Status (34) | Description |
| --- | --- | --- | --- |
| 1. | Securities related information |

Reported information (33)

Attribute

Status (34)

Description

1.

Holder sector

M

Sector/sub-sector of the investor.

Insurance corporations (S.128)

Source

M

Source of the submitted information on securities holdings

Direct reporting

Custodian reporting

Mixed reporting (35)

Not available

Residency of the entities of the IC (head office and branches)

Residency of the entities of the IC (head office and branches)

Resident in the country of the head office

Not resident in the country of the head office

If not resident in the country of the head office, resident of other EEA countries, by country

If not resident in the country of the head office, resident of other non-EEA countries

Reporting basis

V

Indicates how the security is quoted, as a percentage or in units

Percentage

Units

Nominal currency

V

Currency in which the ISIN is denominated, reported when the reporting basis equals percentage

Positions

M

Total amount of securities held

At nominal value (36). Number of shares or units of a security or aggregated nominal amount (in nominal currency or euro) if the security is traded in amounts rather than in units, excluding the accrued interest

At market value. Amount held at the price quoted in the market in euro, including accrued interest (37)

Format

V (38)

Specifies the format used for the positions at nominal value

Nominal value in euro or other relevant currency

Number of shares/units

Confidentiality status

M

Confidentiality status for positions

Not for publication, restricted for internal use only

Confidential statistical information

Not applicable

| 2. | Basic reference data |
| --- | --- |

2.

Aggregation flag

M

Type of data

Aggregated data (no security-by-security)

Instrument classification

M

Classification of the security according to ESA 2010 and Regulation (EU) No 1011/2012 (ECB/2012/24)

Short-term debt securities

Long-term debt securities

Quoted shares

Investment fund shares

Issuer sector

M

Institutional sector of the issuer according to ESA 2010 and Regulation (EU) No 1011/2012 (ECB/2012/24)

Issuer country

M

Country of legal incorporation or domicile of the issuer of the security

Euro area countries

Non-euro area EU countries

Non-EU countries

---

(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.’.

---